4.09 Acres Remnant Site for Development

Palmas Del Mar is one of the largest master-planned, resort-oriented developments in the Caribbean, comprising approximately 2,750 acres of land and located on the southeast coast of the Island of Puerto Rico, at an approximate 50 minutes drive from the center of San Juan. The gated community includes 32 different neighborhoods with a variety of villas, townhouses, apartments and luxury single-family dwellings, over six miles of Caribbean Sea frontage, two 18-hole golf courses designed by Rees Jones and Gary Player, an English-speaking language school from Pre-K to 12th grade, an equestrian center, a 20-court tennis facility, a beach club, a 162-slip marina, a shopping center, fifteen restaurants, spas, and a 60-acre tropical rainforest all surrounded by beautiful landscapes and vegetation, and interconnected by paved golf cart paths.

This offering refers to a vacant land parcel comprising 16,554.71 square meters and/or 4.09 acres identified as "Remnant B" of the Las Villas en Palmas Phase II condominium project. Consistent with its adjacent development, this parcel could be easily developed with approximately 35 two-story villas. Its central location just steps from the Palmanova Plaza commercial center and just 1-block from the Palmas Del Mar Marina makes this property an ideal location for a tourist-oriented and/or second-home project development site.

Highlights:

• Asking Price: $899,999 OBO
• Land Area: 16,554.7079 square meters, equivalent to 4.212 cuerdas and/or 4.09 acres
• Coordinates: Lat.: 18.0824088; Lon.: -65.8005604
• Flood Conditions: Zone X (outside flood prone area)
• Zoning: PDM - Any proposed development has to be approved by the Palmas Del Mar HOA. Based on adjacent project, a 35-villas development would seem ideal.
• Tax Code #: 354-032-579-06-000