Best Steakhouses in Asunción: Top 5 Places in Paraguay (2025 Guide)

Paraguay is often overlooked when it comes to South American culinary destinations—but that’s changing fast. And at the heart of its growing food scene is Asunción, a capital city where steak isn’t just a meal—it’s a ritual.

Whether you’re a passionate carnivore, a curious traveler, or an expat craving quality beef, this guide is your ultimate insider map to the best steak restaurants in Asunción. As someone who explores Latin America’s real estate and food culture for a living, I’ve tried dozens of local spots—from upscale fine dining to authentic neighborhood parrillas—and these five restaurants truly stand out for their quality, consistency, and experience.

Here are the 5 best places to eat steak in Asunción in 2025:

🥇 1. La Cabrera Paraguay – The Gold Standard of Argentinian Steak in Asunción

📍 Address: Avda Santa Teresa 2795 esq. Cnel Cabrera
💵 Price Range: $$$
⭐ Google Rating: 4.6/5
🔗 Website: lacabrera.com.py

Why it stands out:
La Cabrera is the ultimate upscale steakhouse in Asunción, bringing the best of Buenos Aires to Paraguay. Originating from Palermo Soho, Buenos Aires’ trendiest neighborhood, this location preserves the same premium quality and stylish ambiance. Think perfectly aged bife de chorizo, ojo de bife, and entraña, cooked a punto with a glass of Malbec in hand.

Expect top-tier service, curated wine pairings, and small details that elevate the entire dining experience—like artisanal chimichurri, roasted garlic spreads, and a wide range of complimentary sides. This is not just a restaurant—it’s a celebration of Argentinian steak tradition, adapted for Paraguay’s most discerning clientele.

Perfect for: Business dinners, special occasions, luxury travelers.

🥈 2. Lo de Osvaldo – A Hidden Gem for True Meat Lovers

📍 Address: Cerro Corá & Estados Unidos, Asunción
💵 Price Range: $$
⭐ Google Rating: 4.4/5
🔗 Website: lodeosvaldo.com.py

Why it stands out:
If you’re looking for a local, no-frills steak experience that still delivers exceptional cuts of beef, Lo de Osvaldo is where you want to be. It’s not flashy—but what it lacks in decor, it makes up for in authenticity. The steaks here are thick, juicy, and cooked exactly the way you ask for. Standouts include the tomahawk, vacio, and the bold yet surprisingly tender ox tongue (lengua).

Unlike other tourist-heavy spots, this is where Asuncenos themselves go to enjoy a great steak, and that’s always a good sign.

Perfect for: Travelers seeking authentic local flavors, meat aficionados, and anyone wanting value for money without compromising quality.

🥉 3. Paulista Grill – Best Rodizio Experience in Asunción

📍 Address: Dr. Morra & Pacheco, Asunción
💵 Price Range: $$
⭐ Google Rating: 4.4/5

Why it stands out:
A favorite among locals and visitors alike, Paulista Grill is a Brazilian-style rodizio that offers unlimited servings of meat carved right at your table. Their picanha, costilla (ribs), and linguiça (sausages) are especially popular, and the grilled pineapple with cinnamon is an unbeatable dessert twist.

Aside from the meats, they also feature a huge buffet with fresh salads, rice dishes, feijoada, cheeses, and desserts.

Pro tip: Come hungry and pace yourself—it’s easy to get overwhelmed by the variety.

Perfect for: Groups, families, or anyone who wants to experience the full Brazilian steakhouse vibe.

🏅 4. Acuarela – Best Family-Friendly Steakhouse with Great Value

📍 Address: Near Shopping del Sol, Villa Morra
💵 Price Range: $$
⭐ Google Rating: 4.5/5

Why it stands out:
Acuarela has earned a reputation as one of the most consistent and reliable churrascarias in Asunción. With a relaxed atmosphere, polite staff, and well-marinated cuts, it’s ideal for families or business lunches. The selection of meats is wide, and the buffet always fresh and well-stocked.

While it doesn’t carry the flair of La Cabrera or the rustic charm of Lo de Osvaldo, Acuarela is known for always delivering a satisfying, no-surprises steak experience.

Perfect for: Family dinners, casual celebrations, mid-week cravings.

🎖 5. O Gaucho – A Long-Time Favorite with True Gaucho Flavor

📍 Address: Avda Eusebio Ayala, Asunción
💵 Price Range: $$
⭐ Google Rating: 4.3/5

Why it stands out:
O Gaucho has been a staple in Asunción’s steakhouse scene for years. Their Brazilian rodizio is rich, varied, and served in a warm, traditional setting. From lamb to sirloin and house-special marinades, this place covers the spectrum. Their garlic bread, grilled cheese, and house-made vinaigrettes are also local favorites.

The service here is efficient and the staff know their cuts, making it a great option for those who like to ask questions about meat and preparation styles.

Perfect for: Steak purists, couples, travelers wanting a classic South American rodizio.

Final Tips for Steak Lovers Visiting Asunción

Best time to go: Locals dine late—arrive after 8:30 PM for the real ambiance.
Ordering tip: Medium-rare is “jugoso” in Spanish. Trust the chefs—they know their meat.
Tipping etiquette: 10% is standard but appreciated when service is excellent.
Pair it well: Go for a local Tannat or a classic Argentinian Malbec. Both pair beautifully with red meat.

Planning Your Trip?

If you’re visiting Paraguay soon, don’t miss the opportunity to indulge in its underrated but world-class steak culture. Whether you’re exploring real estate opportunities or just passing through Asunción, these steakhouses will show you why Paraguay deserves a spot on every foodie’s South American bucket list.