Islote Oceanfront Oportunity
Hurricane Damage Oceanfront Opportunity
- Beautiful Ocean Views
- Type: Residential
- Style: 3 Story "Lot for sale with structure to re-build on top"
- Development Level: Built
- Lot Size: 741 sq. m.
- Year Built: 0
ISLOTE OCEANFRONT OPPORTUNITY - VERY GOOD VIEWS
WHAT IS FOR SALE:
A beautiful ocean front lot of approximately 741 square meters in size (7,976 square feet) with a damaged residential structure on top. The views are quite beautiful, energetic and relaxing at the same time. The land sits quite above above sea level with barrier reef at the shore line.
The structure was a 2 story chalet, typical of the United States on a cement carport / small home. Of great value is that this property has a structure on top, contributing to the easy future obtainment of construction permits.
WHO IS THE BUYER:
The buyer for this property is an ocean / beach going person or family that includes to live in a home with beautiful ocean views in their "Bucket List". The buyer should include in his/her/their budget anywhere from $95 to $115 per square foot of new construction. Broker is NOT a construction contractor. Quotes are advised. Land loans and Construction loans in Puerto Rico use the same documentation, regulations and paperwork that you use in the United States.
Islote is the NE coastal area of the Municipality of Arecibo, closer to San Juan. It is an area dotted with sandy beaches, reef shores, restaurants and places to mingle. It is an area that continues to grow in popularity and occasionally provides properties with attractive beach related acquisition prices. Located about a 50 minute drive to San Juan.
A FEW IDEAS:
Here included are a few modern minimalist beach homes that can be an inspiration for you the Buyer. These photos of homes where obtained from the internet for inspiration / ideas purposes only. These homes would have to be adapted to the PR construction codes, but should be a simple task for an architect / engineer.
Qualified buyers only. Showings by appointment only.
All information is deemed to be correct but not guaranteed. Prices and availability subject to changes.