Palermo is one of the city's largest and most affluent neighbourhoods.

This neighbourhood is so eclectic it can happily host everyone from families to backpackers, to movie stars, to politicians, to athletes, to even the most eclectic, energized bar-hoppers. Spanning Avenida Libertador from roughly Avenida Coronel Díaz all the way up to Belgrano is "classic" Palermo — the part of Palermo that has avoided being classified as anything else by real-estate mavens. This area is home to many parks (including the Botanical Gardens and the city's largest zoo) and many modern residential high-rises. 

Surrounding Plaza Serrano are numerous trendy clothing and design shops, artesanal breweries, eclectic restaurants, many boliches (night-clubs), and of course, some Tango.