NOT LISTED FOR SALE

968 Camino Playa Las Picuas Km 1 8 Unit 18 & 19 Rio Grande, PR 00745

6 Acres
-- Price per Acre
270,072 Sq Ft Lot

Last Sold April 01, 2021

Last sale price $2,325,000

437 Days on Market

Highlights

  • Ocean or Gulf Waterfront
  • Water access To Gulf or Ocean
  • Full Gulf or Ocean Views

About This Lot

As of April 2021

Fractional Ownership. Duly approved land development by the Commonwealth of Puerto Rico in the beautiful peninsula of “Las Picuas” Rio Grande, on the northeast cost of Puerto Rico.

This 6 acres property is bordered on one side by the Atlantic Ocean and on the other a 1000 acres of mangrove forest preserve, only minute away from Wyndham Grand Rio Mar Golf and Beach Resort. It consists of 21 lots with a size range of approximately 800 sq.m. to 2,650 sq.m. each, that are in process of segregation. 3 lots are beachfront. The property has primary and secondary electrical facilities as well as potable water facilities already in operation. Great investment opportunity for developers.

The area is ideal for residential and tourist purposes. Multiple beautiful primary residences and second home vacation houses have been built taking advantage of the uniqueness, privacy, and beauty of the site. The property is close to Puerto Rico’s best attractions, including Kite and paddle boarding lessons, snorkeling, golf, zip lining, horseback riding, hiking, ATV’s, bio bay tours and more. Enjoy fine dining at 4 very close by resorts or experience the adventure of the famous food “Kiosk” a row of 30+ local restaurants by Luquillo beach about 3 miles away from "Las Picuas". It is a short 45-60 minutes drive to San Juan airport (SJU) or to visit the history, culture and culinary resources of the old city.

Sellers are seeking for investors interested in purchasing the total of the 21 lots. Tax incentives for act 20-22 investors may apply.

Last Agent to Sell the Property

Enjolie Hernandez

SIGNATURE REAL ESTATE LLC Brokerage Phone: 939-246-0142 License #18690 Listed on: 11/30/2019

Last Buyer's Agent

Enjolie Hernandez

SIGNATURE REAL ESTATE LLC Brokerage Phone: 939-246-0142 License #18690 Listed on: 11/30/2019

Property Details

Property Type

  • Land

Lot Details

  • 6.2 Acre Lot
  • Lot Dimensions are 500x250x170x300x250
  • Ocean or Gulf Waterfront
  • Public Beach Waterfront
  • Property is zoned DTS

Home Design

  • Timeshare
  • Land

Additional Features

  • Full Gulf or Ocean Views
  • Water access To Gulf or Ocean
  • Septic Needed

Listing and Financial Details

  • Assessor Parcel Number 22-067-000-008-00-000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 6.2
  • Lot Size Sq Ft: 262704
  • Directions to Property: Drive east on highway #3, take . left on 968 street, after Rio Mar Resort main entrance take a right on street "Camino Las Picuas" and drive it straight down for about 2km.
  • Status: Sold
  • Ownership: Fractional
  • Escrow State: FL
  • List Office Head Office Key Nume: 507530056
  • RATIO Current Price By Calculate: 8.85
  • Total Acreage: 5 to less than 10
  • Water Access YN: 1
  • Water Frontage Feet Beach: 1
  • Attribution Contact: 939-246-0142
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 968

Exterior Features

  • Waterfront: Yes
  • Water Access: Beach,Gulf/Ocean
  • Water Extras YN: 0
  • Water View: Gulf/Ocean - Full
  • Water View YN: 1
  • Waterfront Feet Total: 2
  • Price Per Acre: 375000
  • Water Frontage Feet Gulf Ocean: 1
  • Water Frontage Feet Beach Pub: 1

Utilities

  • Utilities: Electricity Available, Water Available
  • Sewer: Septic Needed
  • Water Source: Public

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: DTS
  • Parcel Number: 22-067-000-008-00-000
  • Additional Parcels: No
  • Current Use: Farm
  • Lot Dimensions: 500x250x170x300x250
  • Flood Zone Code: yes
  • Lot Size Square Meters: 24406

Multi Family

  • Waterfront Features: Beach Front, Gulf/Ocean

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2021 04/01/21 Sold $2,325,000 -3.1% --
02/09/2021 02/09/21 Pending -- -- --
12/02/2020 12/02/20 For Sale $2,400,000 +3.2% --
11/30/2020 11/30/20 Off Market $2,325,000 -- --
02/18/2020 02/18/20 Price Changed $2,400,000 -24.4% --
11/30/2019 11/30/19 For Sale $3,175,000 -- --
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: PR9090562

Stellar MLS