Builder Opportunity - 8 Shell Homes + 46-Acre

Contractor / Developer Opportunity in Lares, Puerto Rico

Execution-focused development opportunity featuring 8 existing residential shell structures situated on 45 acres of land. The existing structures allow a contractor or builder to complete the project in phases, allowing the next owner to focus on completing construction rather than starting from raw land.

In addition to the existing units, the project was originally approved for approximately 200 affordable housing single-family residential homes ready for reactivation, creating additional long-term development potential across the remaining land.

Puerto Rico is currently experiencing a historic housing shortage, with demand significantly outpacing supply, positioning this project for immediate and sustainable value creation.

Property Highlights:

• Existing Units: 8 shell homes (2BR/1BA, 900–1,000 SF each) ready for completion
• Immediate Revenue Potential: Completion and resale of the 8 existing shell homes individually
• Permits: Originally approved for approximately 200 homes. Reactivation may be possible subject to maintaining the original footprint, density and confirmation with the appropriate authorities
• Proven Demand: Two finished homes sold in 2023, immediately upon listing
• Phased development strategy possible
• Total Land Area: 47 cuerdas (≈45.65 acres / 1,988,402 SF / 184,729 m²)
• Two Large Parcels: 22 cuerdas + 25 cuerdas
• FEMA Flood Zone X - Outside flood-prone zone areas
• Selling Price: $575,000 — significantly below the estimated replacement cost of the existing shell structures alone

Much of the initial site development work has already been completed, reducing the time and capital typically required to bring a project of this scale to market.

Strategic Advantages:

• Value Creation: Opportunity to unlock value through construction completion and phased development
• Market Urgency: Affordable housing demand is at historic highs with virtually no available inventory, creating one of the strongest demand environments in decades
• Accessibility: Prime location on PR-111 Bo. Callejones, Lares, directly from PR-129 and only 35 minutes from Highway 22, offering excellent accessibility
• Value Play: Ideal for a contractor or developer seeking to move into housing development, at a fraction of replacement cost

Development Potential:

1. Contractor / Builder (Phased): Complete, repair, and sell the 8 existing shell homes individually, using proceeds to progressively finance the remaining phases of the development.

2. Developer / Investor (Macro): Acquire, reactivate permits, and move forward with the 200-unit affordable housing community.

Location Data:

• Location: Road 111 Km 24.7, Bo. Callejones, Lares, PR 00669
• Coordinates: 18.29665026, -66.85837543
• Cadaster Numbers: 159-000-002-38-001 and 159-000-002-60-001

Ideal For:

Builders, contractors, developers, affordable housing organizations, or construction companies seeking to transition into residential development through a phased project.

Also ideal for investors or private equity groups seeking to participate in Puerto Rico’s housing market, under highly favorable conditions.

Confidentiality:

Serious inquiries only. An NDA will be required to share plans, drawings, original permits, and legal documents related to the development.

Click on the video below to view the project and existing shell homes ready to be repaired and remodeled:

Hills View Urbanization Development Project Video