This is indeed the par 5 11th hole at the Four Seasons Golf Club in Carmelo, Uruguay, which was designed by Randy Thompson and Kelly Blake Moran -- and reviewed by Ran in the Courses by Country section. I hope to do a longer write-up on the course over the next few days when I have a few more minutes, but for now I'll simply note that I really, really liked the course, and have it in my top 2 in South America (together with the Jockey Club).
I love good par 5's, and Carmelo has a great set. As Ran's review notes, the 8th hole is absolutely world-class, and the 11th isn't far behind. It serves as the transition between the relatively high ground on which the clubhouse and 10th sit, and the lower wetland holes on the back. Here's the tee shot; the water on the left isn't really in play, but it makes you think.
I don't have a picture from the landing zone off the tee, but IMHO what makes this hole (in addition to the cool tee shot) is the cross-bunkers, which make the 2nd shot particularly challenging, and which deceive the golfer into thinking there isn't that much room if you make an aggressive play and don't hit or get near the green. As a result, I ended up laying up in front of them; here's a pic from about 130 yards.
But as I learned when I walked past the cross-bunkers, there's actually a *lot* of room past them, as this next pic shows. Of course, get too close and you're left with a tough flop/pitch to a narrow green.
And as you look back from the green, you get a great view of where you've just been:
