Prime Investment Opportunity for Developers! This exceptional 174-acre property is ideally situated near three of Puerto Rico’s premier resortsSt. Regis Bahia, Hyatt Regency Grand Reserve, and Wyndham Grand Rio Marmaking it a prime location for development. The sellers have already submitted preliminary project proposals to planning and permit agencies, which include: 1. 30 single-family residence lots, each spanning 800 sq.m. 2. 542 luxury apartments, each offering 1,500 sq.ft. of GLA. 3. 12 residential lots, each with a minimum size of 600 sq.m. 4. A 13-acre recreational park, with partial connectivity to the stunning 3-mile-long Espíritu Santo River. The site boasts breathtaking views of the Atlantic Ocean, Coco Beach Grand Reserve & Golf, and the lush El Yunque National Rainforest. Enjoy a short 5-minute drive to the beach, 15 minutes to El Yunque, and only 35 minutes to San Juan. Zoned CR, AG & PR with SREP-E & SREP-A classifications, the property may qualify for valuable tax incentives. This is an incredible opportunity for developerscontact us today for a private viewing and more information!
MLS# | PR9112340 |
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Listing Type | For Sale |
Sub-Type | For-sale |
Status | Active |
Days On Site | 15 |
Listing Provided By | SIGNATURE REAL ESTATE LLC | Enjolie Hernandez |
Zoning | CR, PR, A3 |
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Acreage | 159.00 |
State | PR |
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County | Río Grande |
City | RIO GRANDE |
Zip Code | 00745 |
Area | 00745 Rio Grande |
Community Name | COCO BEACH |
Listing VS Median (In COCO BEACH) | |
Price: $4,985,000 low | high Med: $825,000 On site: 15 low | high Med: 336.500000 |