Discover the Best Places to Buy Property in Puerto Rico
Are you wondering where are the best places to buy property in Puerto Rico? With a rich history and a culture, awe-inspiring natural beauty, long sandy beaches and some of the best surfing in the world, Puerto Rico is one of the Caribbean’s top tourist destinations. This territory of the USA is also a popular choice for investors looking to relocate. Investing in Puerto Rico can come with a package of tax benefits under Act 60–2019 (known as the “Puerto Rico Incentives Code”) which codified various incentives, subsidies, and benefits under Acts 20 and 22. The Incentives Code of Puerto Rico is designed to encourage investors to take up residency in Puerto Rico and to stimulate interest in homes for sale in Puerto Rico and condos for sale in Puerto Rico.
Where to Buy Real Estate in Puerto Rico?
If you are thinking about buying property in Puerto Rico, be sure to assess your investment options in detail. The beautiful island is large and varies significantly from vibrant cities to sleepy coastal towns. To help get you started in your property search, here’s our pick of some of the best places to buy property in Puerto Rico.
1. Palmas del Mar
Situated in the district of Humacao on the beach-fringed southeastern coast of Puerto Rico, Palmas del Mar is a sprawling 2,700 acre master planned gated community offering a welcoming and family-friendly lifestyle by the beach. This upscale community features a superb set of amenities from two golf championship golf courses and the largest tennis center in the Caribbean to a yacht club with a world-class marina and an equestrian center. Everything the full-time resident could need is also available on site, including schools for children of all ages, a selection of great restaurants, banks, shops and grocery stores. With 25 different neighbourhoods, buyers will discover a range of homes available to purchase from approximately US $230,000 – perfect for enjoying life to the full in Palmas del Mar.
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2. Bahia Beach
Fabulous Bahia Beach is spread across 483 acres of breathtaking grounds in Rio Grande on the northern coast of Puerto Rico with two miles of magnificent beach, four miles of natures trail, tranquil lakes and a spectacular backdrop of the majestic El Yunque rainforest. This luxurious community features an outstanding amenity collection including a beach club with pool, spa, restaurants, a Robert Trent Jones Jr. designed golf course and the prestigious St Regis Bahia Beach Resort, which is the only 5 Diamond Resort on the island. Investors will be spoiled for choice with some of Puerto Rico’s most luxurious apartments available for purchase. Choose from brand new condos steps from the beach or re-sale units overlooking the championship golf course. Alternatively, buyers can opt for homesites with Atlantic Ocean, lake, golf course and mountain views.
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3. Dorado Beach
Originally opened in 1958 by Laurance Rockefeller, son of financier and philanthropist John D. Rockefeller Jr., Dorado Beach is an iconic resort community on the celebrated northern coast of Puerto Rico. Having been restored and improved from top to bottom in 2018, the resort has reconfirmed its status as one of the region’s finest destinations. The property spans 1,400 acres and includes a Ritz-Carlton Reserve resort with beach club, several restaurants, spa, fitness and wellness center, multiple championship golf courses which run through lush jungle and oceanfront coconut groves and a backdrop of spectacular mountains. Some of the island’s most opulent real estate investment opportunities await the investor from residences by the beach to grand villas nestled in lush tropical gardens.
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4. San Juan
One of the oldest and largest cities in the Caribbean, San Juan is a vibrant city which is home to approximately 80% of Puerto Rico’s population. Having been originally established in the 1500’s and extensively developed and re-developed over the centuries since, the city today blends colonial elegance and charm with contemporary style. The city suffered extensive damage by Hurricane Maria in 2017 but the signs of a recovery in the tourism and property sectors are now showing. Overseas visitor arrivals have rebounded and prices for property at the luxury end of the market – which ranges from traditional Spanish-style villas to elegant apartments on prestigious Ashford Avenue overlooking Condado Beach – are steadily rising.
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Finding Your Perfect Property in Puerto Rico
So, where exactly is the best place to buy real estate in Puerto Rico? Well, that depends on which part of the country you personally prefer, but, whether you’re looking for a condo in a family-friendly community in Palmas del Mar or a luxury residence by the beach in Bahia Beach or Dorado Beach, there are plenty of options to consider from across the island.
To find out more and to begin your search for property for sale in Puerto Rico, contact 7th Heaven Properties, the Luxury Caribbean Property Specialist.
To discover more, explore Puerto Rico real estate on our website and find your perfect property with 7th Heaven Properties.