Recoleta is a barrio or neighborhood of Buenos Aires, Argentina, located in the northern part of the city, by the Río de la Plata. The area is perhaps best known to be the home of the distinguished Recoleta Cemetery. It is a traditional upper-class and conservative neighborhood with some of the priciest real estate in the city, known for Paris-style townhouses, lavis…Recoleta is a barrio or neighborhood of Buenos Aires, Argentina, located in the northern part of the city, by the Río de la Plata. The area is perhaps best known to be the home of the distinguished Recoleta Cemetery. It is a traditional upper-class and conservative neighborhood with some of the priciest real estate in the city, known for Paris-style townhouses, lavish former palaces and posh boutiques.