Vacant Beachfront for Sale in Torrecilla Baja, Loiza, Puerto Rico
3,500,000 USD

Vacant Beachfront for Sale in Torrecilla Baja, Loiza, Puerto Rico

Asking Price: 3,500,000 USD
Purchase This Beautiful 413 Acre Oceanfront Property With An 8.26 Acre Oceanfront Section Already Pre-Approved For A 28,747 Sq. Ft. Single Family Dwelling.

Also open to JV Structure, with developer taking full control – 50/50 Split

This beautiful 413 acres of oceanfront land features the perfect location for that individual desiring to build a 28,747 sq. ft. gated estate mansion.

There is an 8.26-acre section of oceanfront with DTS zoning which is pre-approved for a 28,747 sq. ft. single family dwelling that only requires an architect’s design and plans to build.

Moreover, the parcel has ½ mile of Atlantic Ocean frontage and a wide white sandy beach. All public utilities except sewer are at the property and it has an excellent location just 10 miles east of Metropolitan San Juan and only 8 minutes from the San Juan International Airport.

The Seller is selling the eastern most portion (50% of an 826-acre property with 1 mile of oceanfront) split equally between the east and west side with 2 separate owners known as owners in common. In Puerto Rico, each owner holds his own separate and distinct transferable deeded interest.

The 8.26-acre section pre-approved for a 28,747 sq ft single family dwelling offers the Buyer the benefit of having a 10 to 12-bedroom gated oceanfront estate embedded in the 413-acre oceanfront parcel knowing that there is nothing else around but white sandy beach, mangrove forest and ocean.

A huge upside to buying this 413 acres with an 8.26 acre ready-to-build section for $3.5M is the equity and re-sale value at completion of the project is tremendous. The AI generated estimated construction cost to build a 28,747 sq ft single family dwelling in Puerto Rico is $3,330,000 low end and $8,325,000 high end. This means that the Buyer’s equity and re-sale value at completion of the project can be anywhere from $18,175,000 to $23,170,000 based on the fact that a comparable gated estate home in Puerto Rico with much less square footage and land without ocean frontage is selling for as much as $30M.

The Seller will provide the architect’s verification of the permitting code that pre-approves a 28,747 sq. ft. single family dwelling in the DTS zoning per your request.

Additionally, the Buyer should be made aware of the fact that the entire 413 acres has “antique zoning” rights that dates back to 1883 and supersedes all current zoning. This has a tremendous positive effect on the market value and marketability of the subject property because the owners are allowed to develop a wide variety of commercial projects.

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