$21,000,000 for Sale

Urb. Sardinera Beach calle a , dorado, FL 00646

Beds 24 Baths 18 25,501 Sqft 2.50 Acres 1 of 22
Property Description
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.
General Information
Sale Price: $21,000,000
Price/SqFt: $823
Status: Active
MLS#: PR9108162
City: dorado
Post Office: dorado
County: Dorado
Subdivision: costa de oro, urb. sardinera beach, dorado, pr
Acres: 2.5
Bedrooms:24
Bathrooms:18
House Size: 25,501 sq.ft.
Acreage: 2.5 est.
Year Built: 1990
Property Type: Multi Family
Style:
Features & Room Sizes
Paved Road:  Asphalt
Garage:  No
Construction:  Concrete
Exterior Misc:  Balcony, Fenced, Lighting, Sidewalk
Pool:  Yes
Pool Description:  In Ground
Basement:  No
Foundation :  Slab
Cooling:  Mini-Split Unit(s)
Heating:  None
Waste:  Public Sewer
Watersource:  Public
Tax, Fees & Legal
Est. Summer Taxes:  $0
Legal Description:  7 parcels with some existing mix use structures that total 10,135.19 square meters of land area equivalent to 2.5 acres. Individual lot descriptions can be provided by request of brokers or buying agents.


Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2024
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Phillip Faigenblat of BEYOND COMMERCIAL GROUP LLC, Phone: 787-397-0458
(218) 428-5652 Call Mike Johnson for more information about this property.

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This Home located at
Urb. Sardinera Beach calle a, dorado FL 00646
is currently for sale priced at $21,000,000 and was listed on August, 06, 2024 and has been on the market for 101 days and was last updated on November, 02, 2024.

Urb. Sardinera Beach calle a has 24 bedrooms, 18 bathrooms, and approximately 25,501 square feet. with 2.5 acres and was built in 1990. urb. sardinera beach calle a is in the 00646 ZIP Code area of dorado.

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