Punta La Bandera Property

$8,250,000

Punta La Bandera, Luquillo 00773, Puerto Rico

For Sale

Land

Active

Last Updated: 03/07/2025

Details:

Lot Area: 18.47 acres

Offered by

Rodney Colvert

Managing Director

Colvert Capital CRE

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Highlights:

This property has all federal, state and municipal permits approved for construction
A PIECE OF PARADISE - This spectacular property consists of 18.47 acres, 1,350 linear feet of Pristine Beach frontage and close proximity to the Landmark Luquillo Beach, which is rated as one of the top 10 beaches
Perfectly lodged in Punta La Bandera Peninsula, which provides the unique sense of your own private island
Luquillo Beach is 30 minutes away from San Juan; Located less than 1.5miles from a strip of beachside restaurants frequented by vacationers after a day in the sun
Luquillo Beach is 5-Miles from El Yunque, the national rainforest
Has approved permits for the building of up to 140 condo units
The only beachfront property on the Northern Coast of Puerto Rico with permits to build
Income tax benefits for residents who spend at least 50% of the year in Puerto Rico
Eligible for law 60 which gives an investor 100% tax exemption on capital gains, and offers an income tax of only 4% among other benefits.
Consistently listed as a top beach in Puerto Rico by travel publications known for its clear calm waters and family-friendly vibe
Fabulous return on investment in a short period of time
There are several architect firms, construction companies, and lawyers who are familiar with the project and have bids ready to go.
More than 5.1 million tourists visited Puerto Rico in 2022, a 6.5% increase from 2021

Description:

Sands Investment Group is pleased to present exclusively for the spectacular property that consists of 18.47 acres with 1,350 linear feet of Pristine Beach frontage in Luquillo, Puerto Rico. This deal is perfectly lodged in Punta La Bandera Peninsula, which provides the unique sense of your own private island. The property has all federal, state and municipal permits approved for construction up to the movement of dirt, providing for a unique investment.

Location has approved permits for the building of up to 140 condo units with local teams on the ground ready to support with development. This can be easily amended to accommodate alternative developments.