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Condos For Sale In Puerto Rico

Condos

Puerto Rico is a tropical paradise and unincorporated U.S. territory sprawling across 3.5K square miles in the Caribbean Sea. Homebuyers and investors in the market for Puerto Rico real estate will find that condos for sale in Puerto Rico are an unbeatable mix of desirable location (often by the ocean), modern amenities, plenty of nearby attractions, and affordability. In addition, the tax incentives for buyers and the fact that Puerto Rico condos often come with lower property taxes than mainland condos really draws people to the area.

New Listing - 14 hours on Site

103 Avenida De Diego South Tower #23

San Juan, PR 00911

Condo For Sale

New Listing - 15 hours on Site

100 Candelero Rd #2131

Humacao, PR 00791

Condo For Sale

New Listing - yesterday

2304 Teniente Rivera #1

San Juan, PR 00917

Condo For Sale

New Listing - yesterday

2204 Paseo Degetau #2204

Caguas, PR 00725

Condo For Sale

New Listing - yesterday

6400 Isla Verde Avenue #4 E

Carolina, PR 00979

Condo For Sale

New Listing - yesterday

Ph 315 Caoba St Corner San Patricio Ave.

Ph 315 Caoba St Corner San Patricio Ave. #315

Guaynabo, PR 00968

Condo For Sale

New Listing - 2 days on Site

Wyndham Grand Rio Mar Rio Mar Village #1201

Rio Grande, PR 00745

Condo For Sale

New Listing - 3 days on Site

410 Coco Beach Boulevard #A501

Rio Grande, PR 00745

Condo For Sale

New Listing - 3 days on Site

1 Isabela Beach Court #752

Isabela, PR 00662

Condo For Sale

New Listing - 3 days on Site

Old San Juan, PR 00901

Condo For Sale

New Listing - 3 days on Site

1315 Ave Ashford #505

San Juan, PR 00907

Condo For Sale

New Listing - 3 days on Site

Old San Juan, PR 00901

Condo For Sale

New Listing - 3 days on Site

712 Condominio San Antonio Miramar #1

San Juan, PR 00907

Condo For Sale

New Listing - 3 days on Site

Old San Juan, PR 00901

Condo For Sale

New Listing - 3 days on Site

35 Munoz Rivera Ave #1003

San Juan, PR 00901

Condo For Sale

New Listing - 4 days on Site

1025 Ashford Avenue #1208

Condado, PR 00907

Condo For Sale

New Listing - 4 days on Site

Rd 987 Cabezas De San Juan #204

Fajardo, PR 00738

Condo For Sale

New Listing - 4 days on Site

New Listing - 4 days on Site

New Listing - 4 days on Site

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Puerto Rico Condos For Sale

If a relaxing Caribbean lifestyle is what you're looking for, condos for sale in Puerto Rico offer a wealth of amenities and charming locales with a myriad of lifestyle options. The island has recently become a hotspot for condo buyers looking for primary residences or second homes and investors purchasing condos to rent out for profit. This demand is fueled by the popularity of Puerto Rico's tourism industry and the noteworthy tax breaks.

The skyrocketing demand for condos in Puerto Rico and the dwindling housing stock has created the conditions for a seller's market. The median sale price of condos has soared significantly over the last few years, currently at around $400K. A characteristic of the Puerto Rico condos for sale is that most of the buildings are built in concrete, which makes them solid enough to endure the effects of hurricanes.

However, there's an ample range of prices and properties, starting at around $125K for a simple three-bedroom condo in Carolina, PR, to $12.4M for a coveted beachfront unit in Río Grande with lavish finishings, premium amenities, and both ocean and golf course views.

According to a local real estate agent we spoke with, there's competition for the best condos in hot areas, and transactions on these sought-after Puerto Rico condos can be closed in just a few weeks. However, “the average time to close a transaction on the island is between 60 and 90 days.”

Puerto Rico condos come in all forms and sizes, so no matter what kind of space or style you're looking for, there's bound to be something that fits your needs. For those looking to buy a high-rise condo in Puerto Rico, there are existing buildings or pre-construction units.

These are often high-end, and it's common to encounter unit price tags over $1M depending on the amenities, location, and whether it has water views. Nevertheless, a significantly more cost-effective option is condos in Puerto Rico's suburban areas, with fantastic alternatives in cities like Caguas.

Puerto Rico, PR, Condo Sampler

San Juan Condos

San Juan, Puerto Rico’s capital, is the most important city in the country and the top destination to purchase condos for sale in Puerto Rico. Living in San Juan condos provides an opportunity to experience tropical community living.

From beach condos surrounded by vibrant nature, to condos in the heart of San Juan’s metro center, units in San Juan are urban oasis near exciting nightlife and activities featuring amenities like swimming pools, rooftop lounges, tennis courts, gyms, and concierge services.

If you're looking for a great deal, low-rise communities offer well-maintained studios starting at $150K. For more square footage, two-bedroom, two-bathroom condos span from $400K to $600K in places like Rio Piedras and Hato Rey.

Popular Condo Buildings In San Juan

Vanderbilt Residences
Acquamarina Condominium
Atlantis Condominium
Condominio Torre del Mar

Dorado Condos

With a name that translates to “golden,” Dorado is undoubtedly one of the most opulent locations to purchase condos for sale in Puerto Rico. This little town and municipality is on the island’s northern coast, around 24 kilometers west of San Juan on the banks of the Atlantic ocean.

Dorado comprises upscale condos near the beach full of luxury amenities and plenty of entertainment and complete with aquatic activities. Condos in Dorado, PR, are mostly situated on posh oceanfront golf communities or private gated communities.

Common amenities include swimming pool, beach access, golf carts, electric storm shutters, controlled access, and security 24/7. Units in this town have a median listing price of $1.5M trending up 47.5% year-over-year.

Popular Condo Buildings In Dorado

Plantation Village
West Beach Residences
Costa Dorada I

Rincón Condos

Rincón is a calm beach town considered a top tourist destination on the island’s west coast. This community has become a haven for vacation properties in Puerto Rico. Situated south of Aguadilla and north of Añasco, Rincón is well known for its paradisiac beaches, plentiful hotels and resorts, and the Reserva Marina tres Palmas.

Rincón boasts Puerto Rico condos for sale located facing the Caribbean sea, most of them remodeled, some of them furnished and pet-friendly. Most units feature private balconies, all new appliances, and beach access. The majority of the condos in this area allow short rentals, which makes them profitable real estate investments.

Popular on-site amenities of the Rincón condos include swimming pools, BBQ grilling areas, fire rings, fitness centers, recreation rooms, garden, parking space, and much more.

Popular Condo Buildings In Rincón

Sea Beach Village
Rincon By The Sea
Condominio Costa Corcega

Palmas Del Mar Condos

On Puerto Rico’s eastern coast, in the municipality of Humacao and almost facing the island of Vieques, is the beautiful Palmas del Mar. This gorgeous resort community provides potential condo owners a country club, beach club, a hotel, and residences.

Puerto Rico condos for sale in Palmas del Mar are typically move-in ready and have sweeping ocean views and are just steps away from the beach. The units vary in size but they average 1,600 square feet. Prices in this community are between $400K and $600K but condo buyers can find condos with multi-million dollar prices as well.

Curious about the amenities in this area? Swimming pools, playgrounds, wine cellars, elevators, full power generators, gyms, security service, visitors parking, balconies, and storage space are common offerings. Some units are pet-friendly and include utilities such as cable and internet.

Popular Condo Buildings In Palmas Del Mar

Palmas del Mar Resort
The Marbella Club
Fairlakes Village

Puerto Rico Condo Amenities

In terms of amenities, the condos for sale in Puerto Rico don’t fall short when compared to condos in the rest of the U.S. Condos in Puerto Rico are brimming with features that add a little something extra to your lifestyle, including:

Premier gyms
swimming pools
On-site laundry facilities
Business centers
Club rooms
Storage space
Game areas

On top of that, most condos come equipped with front-desk services, such as valet parking, doorman, 24/7 security, or concierge, in case you need assistance during your everyday activities.

The more luxurious the building or complex is, the more high-end amenities you’ll find. For example, while pools are common in most condominiums, not all include saunas, jacuzzis, and steam rooms. The lounges and entertainment areas are other premier amenities reserved for the best condo properties.

Specific amenities of condos for sale in Puerto Rico depend on the location. If your unit is oceanfront, you may expect:

Beach access
Boat docks
Private marina spaces.

At the same time, residents in golf communities may enjoy amenities such as access to golf courses and free-to-use golf carts.

Frequently Asked Questions About Puerto Rico Condos For Sale

Where Are Most Condos Located In Puerto Rico?

Most condos for sale in Puerto Rico are clustered in the northeastern portion of the island, on the Atlantic coast, starting in the capital San Juan and spreading to Fajardo and the nearby localities. Condo buyers can find great deals and excellent units in places like:

Dorado
Old San Juan
Condado
Parque
Ocean Park
Isla Verde
Loíza
Rio Grande

Another playground for investors in condos for sale in Puerto Rico seeking vacation dwellings is the western coast of Puerto Rico. Popular condo communities on this side of the island include:

Rincón
Mayagüez
Cabo Rojo
Boqueron

What Is The Tallest Condo In Puerto Rico?

As expected, the tallest buildings with condos for sale in Puerto Rico are located in San Juan, the capital city. Colossus Tower Residences stands prominently as the highest residential skyscraper in San Juan, PR - a dazzling 259 feet with 27 stories. The second tallest building in town is Cosmopolitan, an iconic 19-story condominium building towering 213 feet above the cityscape of San Juan.

What Is Puerto Rico’s Act 60?

Puerto Rico Incentives Code 60, also known as Puerto Rico's Act 60, is a law that seeks to give tax breaks to investment residents, promote economic competitiveness, and attract private capital to the island to stimulate the local economy. Act 60 comprises Acts 20 and 22.

To benefit from Act 60, a person must acquire Puerto Rican residency, which is more complex than purchasing a property and going on vacation to the island each year. The person needs to become a bona fide resident, which is possible if, during the tax year, that person:

Meet the requirements of the Presence Test.
Don't own a tax home outside the applicable territory.
Don't have close ties to the U.S. or other foreign nations.

How Long Do You Have To Live In Puerto Rico To Be A Resident?

If you're considering moving to Puerto Rico, you may wonder how long you have to live there to become a legal or 'bona fide' resident. Fortunately, the answer is straightforward: you must establish legal residency for at least 183 days in any calendar year.

You don't necessarily need to buy a home or condo for sale in Puerto Rico, but doing so can help establish your residency. Once the government has recognized your residence, it may take up to six months for that status to become official.

How Long Can the U.S. Citizens Stay In Puerto Rico?

U.S. Citizens can stay in Puerto Rico for a maximum of 90 days. To gain entry to Puerto Rico, one must acquire an ESTA (Electronic System for Travel Authorization) travel visa. This visa permits numerous visits within a two-year period, with every stay lasting up to 90 days.

What’s Puerto Rico’s Condominium Act?

Puerto Rico's Condominium Act, or Act 129-2020, was signed into law in 2020 to update the regulations that underlie these buildings, eliminating Act 104-1958 and all of its subsequent amendments.

According to the recent legislation, any area that is part of a Horizontal Property Regime must have its designated use outlined in the legal deed unless otherwise stated by law. Once the destination and purpose have been determined, any changes require authorization from two-thirds of all owners.

Also, for any construction activities that may alter the stability of the building, all owners must consent and have acquired appropriate permits from two-thirds of them.

In addition, per the Horizontal Property Regime, if condominium regulations do not establish a minimal lease duration, it is illegal to restrict short-term apartment rentals in Puerto Rico.

Is Buying Property In Puerto Rico A Good Investment?

Purchasing condos for sale in Puerto Rico is an attractive option for investors looking to earn a high return on their investment. With a lower cost of living than in the U.S., condos in this popular Caribbean tourist destination could easily be rented out as vacation homes to bring in passive income. Short rentals are also an option on the island.

Puerto Rico also has generous tax incentives for residents, making investing in condos even more attractive. But potential investors need to do their homework first. Start by researching local laws and regulations. Check the estimated rental rates and forecasted condo market fluctuations as well — they can impact condos' resale value down the line.

You should also consider that the island is in the path of hurricanes, so you may have to put extra money and effort into protecting your investment from extreme weather conditions and dealing with potential consequences.

Why Are The Rich Moving To Puerto Rico?

Bitcoin millionaires and media personalities are moving to Puerto Rico mostly to enjoy the perks of low taxation and a lush island lifestyle. With Puerto Rico's low taxes and policies that give residents easy access to tax-free dividends and capital gains, it's no surprise that it's become an attractive option for wealthy relocators. Plus, Puerto Rico is full of attractions, from golden shores and palm trees to unique culture and delicious cuisine.

Living In Puerto Rico Condos

Best Places To Live In Puerto Rico

If you're looking for condos for sale in Puerto Rico, you'll soon find out that the best places to live on the island depend heavily on what kind of atmosphere and lifestyle you hope to find. From San Juan's cultural offerings and lively nightlife to the stunning mountain towns of Ciales and Arecibo, each has its own character.

Whether you want an urban center with an international feel or a lush countryside atmosphere, there's something for everyone in Puerto Rico. With condos for sale in every region, settling in the Caribbean island is easy.

Cost of Living In Puerto Rico

Grasping what relocating to Puerto Rico entails and calculating the amount of money you must earn and allocate is essential. The cost of living will fluctuate depending on which city you select for your residence and the level of luxury that suits your needs. For example, living on the outskirts of Old San Juan is much more budget-friendly than living in a luxurious beachfront villa.

According to Numbeo, the cost of living in Puerto Rico is, on average, 8.4% lower than in the United States. Your most significant expense in Puerto Rico will be accommodation. You can expect to pay over $1,200 for a studio apartment in an expensive area and up to $1,700 for renting 900 square feet of living space in an average neighborhood.

A month of utilities for two people can cost around $300, and, just so you have an idea of the cost of food, a lunchtime menu with a drink can cost you $17 or more in the business district. Other expenses you need to budget include transportation, healthcare, and entertainment, all similar to costs on the mainland.

Attractions And Things to Do In Puerto Rico

Living in Puerto Rico condos can look like having a daily Caribbean vacation. From hiking in El Yunque National Forest, having a toes-in-the-sand beach experience at Flamenco Beach, admiring historic architecture in Old San Juan, and discovering a bioluminescent bay in Vieques, you'll find no shortage of activities and sights on this vibrant island.

Central to it all are condos for sale in Puerto Rico are a great home base to explore and experience it all in La isla del encanto. Here are some of the experiences you can't miss once you move to the country:

Stroll Old San Juan, a neighborhood founded in 1521 and declared a World Heritage Site by UNESCO. Don't miss Castillo San Felipe del Morro and Castillo San Cristóbal.
Take a kayak or boat tour to one of Puerto Rico's bioluminescent bays: Bahía Mosquito in Vieques, Laguna Grande in Fajardo, and La Parguera in Lajas.
Hike in El Yunque National Forest. The most popular trails include the one that leads to La Mina waterfall.
Practice or learn how to surf in Rincón. The small beach town is considered the "Caribbean capital of surf." You can also watch whales there!
You can beach hunt in Puerto Rico. The island is filled with unique, gorgeous beaches, and they're so close you can visit a new one every weekend. Our favorites are Playa Flamenco and Playa El Combate.

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