Teātra iela 2, Rīga, Ādažu pag., Riga, Latvia. - Hero Image
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Teātra iela 2
Ādažu pag | Riga

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Līga Igala
Līga Igala
Presented At
€975,000
Living
3,876
SQFT
Stories 7
Fireplace
High Ceiling
Stone Countertops
Elevator
Laundry Room
Walk In Closet
Jacuzzi
Wine Cellar
Sauna
Terrace
Parking
Balcony
Modern
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Teātra iela 2, Rīga, Ādažu pag., Riga, Latvia. , Ä€dažu pag , Riga

The Old Town Penthouse with Rooftop Terrace

An excellent and elegant residence in the heart of Old Riga – an impressive split-level apartment with a spacious terrace and a view of the Old Town. This five-room apartment features a wonderful layout and a design that is both classic and modern in its asceticism. It is located on the top floor of a building constructed in 2006, which blends harmoniously into the architectural ensemble of Old Riga. High-quality, durable finishing materials have been used throughout, combining timeless style with contemporary comfort. These include wooden parquet floors, wooden double-glazed windows, solid wood doors, modernized structural beams, and kitchen appliances from the luxury brand Gaggenau. The apartment is fully equipped with an integrated stereo and ventilation system. On the first level, there are three bedrooms, including a master bedroom with a private bathroom featuring a bathtub, bidet, and walk-in closet. At the entrance, there is a separate dressing area, a technical and utility room, and an additional bathroom. An open-space living room, including kitchen area and a double-height fireplace enhances the sense of space and light. On the second level, a sauna and shower room are located behind glass doors. This level also includes two more bedrooms with a shared bathroom, as well as access to a 78 m² rooftop terrace. The terrace, once equipped with an outdoor jacuzzi spot, serves as a wonderful area for relaxation and entertaining guests. Next to the building is a convenient parking area and the Galerija Centrs shopping mall.

Exterior

Property

Gallery

3D Street View Tour

Map showing Teātra iela 2, Rīga, Ādažu pag., Riga, Latvia.

Property Location

Teātra iela 2, Rīga, Ādažu pag., Riga, Latvia., Ä€dažu pag Riga

Local Weather & Climate

Ādažu pag, Riga

Current Conditions Updated recently
37 °F
Clear sky
Feels Like 37°F
Humidity 84%
Wind 2 mph
Visibility 6.2 mi
Sunrise 5:01 AM
Sunset 4:07 PM
5-Day Forecast
Sat 7 Mar
Clear
High 37°
Low 37°
Sun 8 Mar
Clouds
High 46°
Low 33°
Mon 9 Mar
Clear
High 51°
Low 32°
Tue 10 Mar
Clear
High 52°
Low 35°
Wed 11 Mar
Clear
High 53°
Low 37°
Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Ādažu pag?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

€
%
€100,000
%
Estimated Monthly Payment $3,160
Monthly Payment Breakdown
Principal & Interest $2,528
Loan Amount $400,000
Total Interest $337,621
Total Cost $737,621

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Important Information
  • This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
  • Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
  • Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
  • This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.

Market Opinion

Our perspective on current market conditions in Ä€dažu pag. For informational purposes only — always consult a licensed real estate professional before making decisions.

Market Analysis
International luxury real estate typically appreciates steadily over time.
65
Buyer Score
Estimated regional appreciation: 4% annually
Ultra-luxury properties tend to be more resilient during market downturns

Future Value & Wealth Building

Starting investment: $97,500,000 20% down ($19,500,000)

Investment Perspective
$ $ $
$1 → $1.36
Every dollar invested today could become $1.36 in 10 years
$100 → 136 $1,000 → $1,362
+$8,378
$8,378/day
Your home may appreciate while you sleep
$58,808/week $254,835/mo $3,058,026/yr
$100K Investment Comparison (10 Years)
Real Estate (Leveraged)
$281K
S&P 500 Index
$259K
High-Yield Savings
$155K
Real estate leverage: potential 8% advantage over stocks
RENT 💸 -$53.7M
vs
OWN 📈 +$76.1M
$76.1M Potential Equity
vs $53.7M lost to rent over 10 years
$19.5M Down Payment Growth
3.9x
10yr
$76.1M
8.1x
20yr
$157.6M
12.6x
30yr
$246.2M
Wealth Comparison
×586
Equivalent to 586 average US homes
top 5%
US household wealth ranking
Median: $193K Yours: $246.2M
Time to Double Your Investment (accounting for market cycles)
42.4
years
Conservative
1.65% effective/yr
15.3
years
Optimistic
4.62% effective/yr
Projected Home Values (adjusted for market cycles)
10 Years
Conservative $114.8M +18%
Market $132.8M +36%
Optimistic $153.2M +57%
$76.1M est. equity
20 Years
Conservative $135.2M +39%
Market $180.8M +85%
Optimistic $240.8M +147%
$157.6M est. equity
30 Years
Conservative $159.3M +63%
Market $246.2M +153%
Optimistic $378.4M +288%
$246.2M est. equity

These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Data from World Bank and regional real estate market research | Estimates based on historical appreciation trends

Frequently Asked Questions

Common questions about this property

This property offers 3,876 square feet of living space.
This property is listed at $97,500,000, which equals $25155 per square foot.
Based on current market indicators, Ādažu pag shows an active market. The market opportunity score is 65 out of 100, reflecting factors like price trends, inventory levels, and days on market.
This is a apartment located in Ādažu pag, Riga. The property is situated in an established neighborhood with convenient access to local amenities and services.
Līga Igala

Līga Igala

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