Land for Touristic Dev with Government Endmts

Property Description

Discover an extraordinary investment opportunity in the heart of Fajardo, on Puerto Rico’s vibrant east coast. This expansive 315-acre property is strategically located directly across from Villa Marina Yacht Harbour, offering unmatched visibility and direct access to one of the island’s most active coastal hubs. Zoned RT-I, R-I, and C-I for tourist, residential, and commercial use, the site is fully backed by government endorsements, including an Environmental Assessment, making it primed for large-scale, transformative development.

With its functional shape and sloping topography, the property offers a flexible canvas for construction while providing breathtaking, unobstructed views of the Spanish Virgin Islands. The development potential is vast, ranging from condo-hotel units and residential apartments to mixed-use complexes with amenities such as swimming pools, sports facilities, restaurants, and retail. This rare opportunity merges natural beauty with development-ready conditions, making it an ideal asset for forward-thinking investors and developers.

Location Description

Set in the enchanting municipality of Fajardo, this property benefits from its proximity to world-class attractions and natural wonders. The Bioluminescent Bay and Cabezas de San Juan Nature Reserve are nearby, enhancing the appeal for eco-conscious projects and tourism. Fajardo is also recognized as Puerto Rico’s premier gateway to the islands of Vieques and Culebra, while offering easy access to pristine beaches, marinas, and vibrant local culture.

This unique combination of strategic location, zoning flexibility, government support, and tourism demand creates an unparalleled opportunity to develop a world-class destination that will generate long-term value for decades to come.

Highlights

• Asking Price: $19,500,000 or Best Offer
• Land Area: 1,273,185.4356 square meters, equivalent to 323.93315 cuerdas or 314.6 acres
• Coordinates: Lat: 18.34346716, Lon: -65.64424363
• Tax Code #: 121-000-009-16
• Flood Classification: X (outside flood prone area)
• Shape: Irregular, with an excellent width-to-depth relationship for development
• Topography: Sloping, creating unobstructed views of the Virgin Islands
• Zoning: R-I (medium density residential); RT-I (medium density residential-tourist); & C-I (medium density commercial)
• Endorsements: Most Government endorsements in-place, including an Environmental Assessment, for a development to include 103 condo hotel units, 256 residential apartment units, swimming pools including an aquatic park, sports facilities, and a restaurant, among others.
• Opportunity Zone: The property falls under an Opportunity Zone, per the Tax Cuts and Jobs Act of 2017 (Public Law No. 115-97)

Property Video: Land for Touristic Development with Government Endorsements - For Sale