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3 Bedroom Penthouse Condos for Sale, Palmas del Mar, Humacao, Puerto Rico

Palmas del Mar, Puerto Rico

Property ID: 18379

3 bedroom penthouse condos for sale in Puerto Rico in a family-friendly resort in Palmas del Mar in Humacao on the island’s eastern coast.

The Resort

These penthouse Puerto Rico condos for sale are located in a beautiful 46-acre community in Palmas del Mar which is situated just 45 minutes from Puerto Rico’s capital San Juan and the international airport.

Surrounded by shimmering lakes and pristine beaches, the community overlooks the eastern coast of Puerto Rico and the Caribbean Sea.

Palmas del Mar – Penthouse Condos for Sale

Ranging in size from 1,842 to 1,897 sq ft, these brand new penthouse condos feature 3 bedrooms, 2.5 bathrooms and an open plan interior with living area, kitchen with breakfast bar and dining area.

Glass doors open on to a balcony with shaded sitting area.

From the balcony, stairs lead up to a private roof terrace with additional covered and uncovered sitting areas.

The condos also include dedicated parking spaces for 2 cars and 1 golf cart.

There is also a selection of ground and second floor condos for sale in this community.

Amenities at Palmas del Mar

Owners of these condos for sale in Palmas del Mar enjoy use of on-site amenities, including a gated entrance, 5 pool areas, a spacious clubhouse with gazebo, ample green space and lush landscaping, running and walking paths and views of the Caribbean Sea.

A range of additional amenities are also available in the 2,700-acre Palmas del Mar, including 2 championship golf courses, an equestrian center, a world class marina, tennis courts, a hotel and casino, various country clubs, academic facilities for children and a variety of restaurants.

Puerto Rico – Investor Incentives

The developer is currently offering $20,000 USD of buyer’s incentives, including all brand new kitchen appliances, washer dryer, 4 air conditioning units, golf cart and a 1 year athletic club membership.

In addition, the condos in this community are approved for the “Housing Incentives Act”, which offers the following benefits for buyers of residential units:

  • 100% tax exemption from income taxes on the capital gain from the sale of a residential unit acquired on or before December 31, 2017 (the “Eligible Period”),
  • 100% tax exemption on property taxes for residential units acquired during the Eligible Period, available for 5 years after the acquisition,
  • 100% exemption from the stamps, fees, vouchers and other transfer costs related to the sale and mortgage during the Eligible Period,
  • Up to 95% financing on first home plus 90% on second home,
  • Lowest Homeowner’s Association fee in the community, starting at $129 USD per month.

A guide to Puerto Rico

  • Average asking price $2,129,838
  • % + or - average property price +15%
  • Property price range $229,000 - $7,600,000

Reasons to invest in Puerto Rico

  • Range of tax incentives introduced in 2012 to lure high net worth investors to Puerto Rico.
  • The security of being a territory of the USA with an American legal framework and a US Dollar based economy.
  • Easy access from the USA to San Juan's International Airport via a 2.5 hour direct flight from Miami or a 3.5 hour flight from New York.