Prime 46-Acre Affordable Housing Development

Hills View Urbanization – Lares, Puerto Rico

Prime 47 Cuerdas / 45.65 Acres Affordable Housing Development Project – Ready for Reactivation

An exceptional opportunity to acquire and revive one of Puerto Rico’s most promising shovel-ready affordable housing projects. Located in Lares, Hills View (formerly Vistas de La Colina) was originally approved for 200 single-family homes. Fast revenue potential from 8 existing shell homes. With Puerto Rico currently facing a historic housing shortage and demand far outpacing supply, this project is uniquely positioned for immediate and sustainable value creation.

Property Highlights:

• Total Land Area: 47 cuerdas (≈45.65 acres / 1,988,402 SF / 184,729 m²)
• Two Parcels: 22 cuerdas + 25 cuerdas
• Existing Units: 8 shell houses (2BR/1BA, 900–1,000 SF each)
• Proven Demand: Two finished homes sold in 2023, immediately upon listing
• Permits: Originally approved for 200 homes. Permits can be reactivated without resubmission if the original footprint and density are maintained
• FEMA Flood Zone X - Outside flood-prone areas
• Selling Price: $575,000 (well below replacement cost of the existing shells alone).

Strategic Advantages:

• Immediate Revenue Potential: By completing and selling the 8 existing shells individually
• 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 developers or investors seeking phased entry into Puerto Rico's housing development, at a fraction of replacement cost

Development Potential:

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

2. Investor (Phased): Repair, remodel, and sell the 8 existing shells one by one, using the proceeds to progressively finance the balance of the project until fully developed.

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:

Developers, investors, affordable housing organizations, construction companies, and private equity groups seeking to participate in Puerto Rico’s housing market under highly favorable conditions.

Confidentiality:

Contact us today for details. 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