Property Description

BELOW APPRAISAL VALUE: A strategic opportunity in Punta Las Maras?one of San Juan's most exclusive and high-demand residential beachside neighborhoods. Offered at $1,595,000, this 4,425 SF residence sits on a 752 m lot just two houses from the ocean, on a quiet gated street with privacy and exceptional long-term value. Supported by an appraisal near $2M, this property presents a rare opportunity to unlock significant upside through thoughtful modernization. For investors, developers, or end-users looking to create a truly exceptional custom residence, this is the kind of opportunity that rarely comes to market: prime location, strong architectural foundation, and clear value-add potential. The home offers 4 bedrooms with en-suite bathrooms, 6 full bathrooms total, a power generator, and well-proportioned living spaces that provide an excellent foundation for modernization. Additional highlights include full-slab marble flooring, hand-carved solid caoba wood paneling, and original Sherle Wagner bath fixtures?timeless details that add character, quality, and distinction to the property. The private outdoor entertaining area features a covered gazebo, existing jacuzzi, outdoor bar area, and strong pool-conversion potential?allowing the next owner to create a true resort-style backyard experience and significantly elevate both lifestyle and resale value. Additionally, the property includes a detached exterior flex space with private access, sink area, and full bathroom?ideal for a guest suite, private office, gym, staff quarters, studio, or future income-producing unit. Modern renderings showcase how seamlessly this residence can be transformed into a contemporary luxury showpiece without requiring a full ground-up redevelopment. This is not a teardown?it is an opportunity to elevate a property with exceptional bones and unlock substantial value in one of San Juan's strongest luxury markets. Ideal for buyers who understand that the best investments are often found in properties with location, land, and the right vision. A rare chance to modernize, add value, and create something truly special in Punta Las Maras. *Virtual renderings are proposed renovation concepts designed to showcase the property's exceptional modernization potential. They are for illustrative purposes only and do not reflect the home's current condition.*..

Property Features