Active

Urb. Sardinera Beach CALLE A

DORADO PR, 00646

$21,000,000


$823.50 per sqft

Active

24 Beds

18 Baths

25,501 sqft

Multi-family

Built in 1990

One or more photo(s) has been virtually staged. Income Generating Portfolio or Redevelopment of Land Portfolio. Discover Costa de Oro, an exclusive land portfolio in the heart of Dorado, Puerto Rico, offering an unparalleled investment opportunity for discerning developers and investors. Situated adjacent to the esteemed
Dorado Beach Hotel & Resort and sharing the same beach as the Ritz Carlton Resort and Dorado Beach East, Costa de Oro is 40 feet away from beautiful beaches and a myriad of beachside activities.

This exceptional portfolio comprises seven income-generating properties, presenting versatile development options with significant future potential. The properties can potentially be rezoned to CT-I parameters to maximize density and unit ratios. Envision a stunning hotel with 300 keys or a luxurious residential complex with up to 120 3-bedroom units. With its prime location and proximity to world-class dining and entertainment, Costa de Oro is poised for exponential growth. The area is a thriving hub for tourism, ensuring a steady stream of visitors and a robust return on investment.

Currently, the property generates income through short-term rentals and commercial bays leased to restaurant tenants. The short-term rental portfolio includes 18 rentable units fully remolded by the current owner. Commercial spaces are fully leased by existing restaurants.

Gross Building Area:
Parcels A: 8,610 sq. ft. (11 short-term rental units)
Parcels B: 12,467 sq. ft. (three restaurants)
Parcels C: 4,424 sq. ft. (7 short-term rentals + restaurant)

Image Rendering Disclaimer:
The renderings presented in this MLS listing/marketing flyer are artistic representations of a potential mixed-use development. These images are intended for illustrative purposes only and may not accurately reflect the final design or features of the project. Prospective buyers and interested parties are encouraged to conduct their own due diligence and consult with professionals to verify all details and ensure the design and project meet their specific requirements. The potential unit count and zoning analysis on the flyer were provided by the owner.

PR9108162

MLS ID

August 10, 2024

Listed

November 22, 2024

Updated

Map

Urb. Sardinera Beach CALLE A
DORADO PR, 00646

Interior Features

Bedrooms

24


Total Bathrooms

18


Interior Features

Ninguno


Laundry Description

None


Fireplace

No


Cooling

Yes


Cooling Description

Mini-Split Unit(s)


Heating

No


Heating Description

None

Exterior/Building Features

Lot Size

2.5 Acres


Exterior Features

Balcony, Fence, Lighting, Sidewalk


Roof

Cement, Metal


Sewer

Public Sewer

Other Property Details

Area Name

00646 - Dorado


Days on Market

84


Association Fee Frequency

Monthly


Garage

No


View

No


County

Dorado


Water Source

Public


Pool

Yes


Pool Features

In Ground


Waterfront

Yes


Zoning

RT-I, CT-L

Listing History

Date

Event

Price

11/2/2024

Price change

$21,000,000

-25%

Listed by BEYOND COMMERCIAL GROUP LLC
Listing Contact: 787-397-0458 

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of Stellar MLS. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Island & Key participates in the Stellar MLS Internet Data Exchange (IDX) program, allowing display of other Stellar MLS broker's listings on this site. However, may not include all listings currently available. Information is deemed reliable but not guaranteed. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.  Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

©2024 Stellar MLS. All rights reserved. 

Data last updated 11/22/2024, 7:57 AM UTC

Powered byLuxury Presence