PENDING
$575K PRICE DROP
3 Malaga St Unit OCEAN PARK San Juan, PR 00911
Estimated payment $9,580/month
Total Views
376,187
6
Beds
3.5
Baths
3,800
Sq Ft
$434
Price per Sq Ft
Highlights
- Additional Residence on Property
- Garage Apartment
- Open Floorplan
- Cabana
- Partial Gulf or Ocean Views
- Cape Cod Architecture
About This Home
Under contract-accepting backup offers. Elegant Investment Opportunity – Ocean Park Beachside ResidenceOffered at: $1,500,000(No Owner Financing Available)Just steps from the golden sands of Ocean Park Beach, this distinguished residence offers the perfect blend of coastal tranquility and urban sophistication. Located within one of San Juan’s most exclusive gated beach communities, the property enjoys a prime location near Condado, Isla Verde, boutique hotels, fine dining, gourmet markets, top schools, and premier medical facilities.Situated on a 609 m lot, this single-story home spans approximately 3,800 square feet and features six spacious bedrooms and three-and-a-half bathrooms. The open-concept kitchen flows into a breezy backyard ideal for relaxing or entertaining. A detached two-bedroom guesthouse with a full bathroom and private street access provides added flexibility for guests, extended family, or passive income.This home could easily be elevated into a true architectural gem with thoughtful design and renovation. Its solid footprint offers the potential to expand vertically and double the existing square footage, dramatically enhancing functionality and long-term value.Offered fully furnished and turnkey for $1,500,000, the property is ready for immediate occupancy or short-term rental operation. With single-family homes in Ocean Park selling for $4 to $6 million, this is a rare chance to buy, live, and benefit from the price appreciation in San Juan’s most coveted beach neighborhood.Highlights:Prime location in Ocean Park’s gated beach community6BR/3.5BA main residence + 2BR/1BA guesthouseFully furnished and move-in readyExpansion potential to a second levelSafe, quiet, walkable neighborhood near the beachIdeal for upscale living or high-performing rentalNo owner financing availableQualified buyers only.Proof of funds (POF) and a mortgage pre-approval letter are required to coordinate private showings.Motivated seller – Best Value Proposition in Ocean Park.Add a touch of sophistication, and this could be a true gem.
Listing Agent
PR SHORT CORPORATE INTERNATIONAL REALTY Brokerage Phone: 787-525-4364 License #C-15629
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,064
Year Built
- Built in 1960
Lot Details
- 6,759 Sq Ft Lot
- Street terminates at a dead end
- Northeast Facing Home
- Masonry wall
- Mature Landscaping
- Garden
- Property is zoned RT-4
HOA Fees
Parking
- 1 Car Attached Garage
- 2 Carport Spaces
- Garage Apartment
- Converted Garage
- Garage Door Opener
Home Design
- Cape Cod Architecture
- Contemporary Architecture
- Mediterranean Architecture
- Elevated Home
- Slab Foundation
- Concrete Roof
- Concrete Siding
- Cement Siding
- Concrete Perimeter Foundation
Interior Spaces
- 3,800 Sq Ft Home
- Open Floorplan
- Furnished
- Ceiling Fan
- Window Treatments
- Combination Dining and Living Room
- Den
- Sun or Florida Room
- Storage Room
- Dryer
- Ceramic Tile Flooring
- Partial Bay or Harbor Views
Kitchen
- Cooktop
- Microwave
- Dishwasher
- Solid Surface Countertops
Bedrooms and Bathrooms
- 6 Bedrooms
- Primary Bedroom on Main
Pool
- Cabana
- Above Ground Pool
- Above Ground Spa
Outdoor Features
- Balcony
- Covered patio or porch
- Outdoor Kitchen
- Gazebo
- Outdoor Storage
- Outdoor Grill
Additional Homes
- Additional Residence on Property
Location
- Flood Zone Lot
- Property is near public transit
Utilities
- Central Air
- No Heating
- Electric Water Heater
- Fiber Optics Available
- Phone Available
- Cable TV Available
Community Details
- HOA Ocean Park Association
- Ocean Park Gated Community Association
- Ocean Park Gated Community Subdivision
Listing and Financial Details
- Visit Down Payment Resource Website
- Assessor Parcel Number 041-042-152-05-001
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/01/2025 05/01/25 | Pending | -- | -- | -- |
| 04/24/2025 04/24/25 | Price Changed | $1,650,000 | +10.0% | $434 / Sq Ft |
| 04/11/2025 04/11/25 | Price Changed | $1,500,000 | +3.4% | $395 / Sq Ft |
| 04/11/2025 04/11/25 | For Sale | $1,450,000 | -13.4% | $382 / Sq Ft |
| 02/28/2025 02/28/25 | Off Market | $1,675,000 | -- | -- |
| 01/11/2025 01/11/25 | For Sale | $1,675,000 | 0.0% | $441 / Sq Ft |
| 12/31/2024 12/31/24 | Off Market | $1,675,000 | -- | -- |
| 11/23/2024 11/23/24 | Price Changed | $1,675,000 | -1.5% | $441 / Sq Ft |
| 11/01/2024 11/01/24 | Price Changed | $1,700,000 | -4.0% | $447 / Sq Ft |
| 10/07/2024 10/07/24 | Price Changed | $1,770,000 | -1.7% | $466 / Sq Ft |
| 09/01/2024 09/01/24 | Price Changed | $1,800,000 | -1.1% | $474 / Sq Ft |
| 08/09/2024 08/09/24 | For Sale | $1,820,000 | +10.3% | $479 / Sq Ft |
| 04/30/2024 04/30/24 | Off Market | $1,650,000 | -- | -- |
| 12/31/2023 12/31/23 | Price Changed | $1,650,000 | +3.1% | $434 / Sq Ft |
| 12/09/2023 12/09/23 | Price Changed | $1,600,000 | -3.0% | $421 / Sq Ft |
| 08/23/2023 08/23/23 | Price Changed | $1,650,000 | -8.3% | $434 / Sq Ft |
| 08/03/2023 08/03/23 | Price Changed | $1,800,000 | -19.1% | $474 / Sq Ft |
| 08/03/2023 08/03/23 | For Sale | $2,225,000 | 0.0% | $586 / Sq Ft |
| 07/21/2023 07/21/23 | Pending | -- | -- | -- |
| 05/25/2023 05/25/23 | For Sale | $2,225,000 | -- | $586 / Sq Ft |
Source: Stellar MLS
Similar Homes in San Juan, PR
Source: Stellar MLS
MLS Number: PR9100377
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