Caribbean MLSReal Estate

5 Bedroom Single Family Home in San Juan, PR

Available on request

The brief

The reason to consider it.

Discover a rare investment opportunity in the heart of Ocean Park. Perfectly positioned on a prominent corner lot overlooking Dr. Jose Celso Barbosa Park with views of the Atlantic Ocean, this is one of the few properties in the area offering both park and ocean views. Encompassing 5,687 square feet with RT-3 zoning, the residence presents exceptional flexibility for redevelopment, a luxury renovation, boutique hospitality, or a multi-unit investment, subject to applicable regulations. Existing plans are available to help bring your vision to life. Just moments from the beach, Condado, Old San Juan, top restaurants, and Luis Munoz Marin International Airport, this property combines an irreplaceable location with outstanding long-term value. Eligible buyers may also benefit from Puerto Rico’s attractive tax incentive programs.

Last confirmed

Year built
1970
Type
House
Land
5,683 ft²

What this listing includes

  • Balcony
  • Ocean view

What people say about Puerto Rico

Accounts from Puerto Rico agree on one point above all: the electric grid.

  • Concern Unreliable grid and outages; backup power treated as a normal ownership cost
  • Concern Hurricane and flood exposure; insurance limits, exclusions and timing need checking before buying
  • Positive Foreign buyers can hold title; purchase runs through option contract, title study and attorney-notary
  • Mixed Act 60 incentives still attract buyers but are narrowing and conditional for new applicants

Read what people say, based on 11 sources

Cost of entry

The asking price is not what it costs.

What completing costs

US dollars

Who bears the transfer cost is market practice, not law