Caribbean MLSReal Estate

6.22 acres with natural spring

Available on request

The brief

The reason to consider it.

A plot of land of 6.22 acres located in Demajaguas Ward, Fajardo. It has independent access via a private entrance that connects directly to the property. In the access area, there is a natural spring, one of the property’s distinctive features. The land has a predominantly flat topography, with several areas of favorable topography that provide different possibilities for the development of structures, subject to applicable permits and regulations. It also features an established drainage system for managing runoff and a higher-elevation area that could be considered as an additional option for construction. Surrounded by abundant vegetation and the natural features typical of a wilderness setting, the property offers space and versatility to explore various uses. Zoning: A-G (General Agricultural). FEMA Zone: X, minimal or reduced flood risk. Annual CRIM payment: approx. $79.67 (no exemption at this time). For sale “As Is.”

Last confirmed

Type
Land
Land
271,186 ft²
Zoning
A-G (General Agricultural)
Topography
flat

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