$2,300,000
BO QUEBRADA FAJARDO Fajardo, 00738
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$2,300,000
Est. payment /mo
20 Acres Lot
Active
BO QUEBRADA FAJARDO Fajardo, 00738
UPDATED:
09/27/2024 04:38 AM
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID PR9108415
HOA Y/N No
Originating Board Stellar MLS
Lot Size 20.000 Acres
Acres 20.0
Property Description
One or more photo(s) has been virtually staged. This strategically located 20-acre lot in Barrio Quebrada, Fajardo, Puerto Rico, represents a unique opportunity for high-quality real estate development. With preliminary plans for a 230-unit condominium project, the site is just 5 minutes from downtown Fajardo, 15 minutes from the Conquistador Resort and Fajardo Marina, and enjoys privileged access to PR-3, ensuring exceptional connectivity and appeal for future residents. The project is designed to be developed in flexible phases of 20 units each, allowing for efficient resource management and optimal adaptation to market conditions. Each unit will feature two parking spaces, with “garden” and “penthouse” options distributed over two levels in buildings equipped with elevators and strategically oriented to maximize ocean views. Additionally, the land has been graded using A-24 and A-26 compacts, ensuring a solid foundation for development. Detailed projections of the initial investment and final return have been conducted, ensuring the project’s financial soundness. Of the 20 available acres, only 10 will be used for the construction of the units, leaving a 10-acre remnant ideal for developing common areas, helipads, commercial zones, or a combination of these elements, significantly enhancing the project’s value and potential in Puerto Rico’s real estate market. This carefully planned development is designed not only to meet residential needs but also to give a comprehensive approach that maximizes land use and future development opportunities, presenting itself as a high-potential investment destined to become a landmark in the region.
Location
County Fajardo
Zoning RI
Exterior
Utilities Available Electrical Nearby, Street Lights
Waterfront false
View Y/N Yes
View City, Garden, Mountain(s), Water
Building
Lot Size Range 20 to less than 50
Sewer None
Water Canal/Lake For Irrigation
Others
Ownership Other
Acceptable Financing Cash, Owner Financing, Private Financing Available, Special Funding
Listing Terms Cash, Owner Financing, Private Financing Available, Special Funding
Special Listing Condition None
© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by ROBERTO C CARDONA LLC
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