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Condos For Sale In San Juan, PR
Prepare to be captivated by the unparalleled beauty of San Juan, Puerto Rico’s capital and biggest city. Fusing old-world elegance with vibrant culture, San Juan is the perfect destination for condo buyers in La Isla del Encanto. If Puerto Rico real estate is calling your name, the condos for sale in San Juan come in all forms, from sleek high-rise oceanfront units in Condado to cozy suburban condos in areas far from downtown, like Rio Piedras.
San Juan, PR Condos For Sale
The condos for sale in San Juan are on everyone's radar right now. As one of the top locations to purchase Puerto Rico real estate, the capital has seen a flood of condo buyers and investors looking for units to either live (and work remotely), vacation, or rent for profit, all while taking advantage of the island’s booming tourism and convenient tax breaks.
With demand strongly rising and inventories dwindling, the cost of condos for sale in San Juan has been soaring for a few years, with the median sale price at around $400K. The best areas to purchase condos in San Juan are those in the north, right in the Atlantic ocean's beach strip. Places like Condado, Miramar, Dorado, Parque, Ocean Park, and Isla Verde offer units in coveted high-rises with upscale amenities, beach access, and healthy rental yields.
Most high-rise condos for sale in San Juan are offered in existing buildings, but pre-construction units are also listed. Prices for these condos are commonly over the $1M mark depending on the specific unit features and the complex's amenities. However, suburban condos for sale in San Juan are much more affordable.
Far from the more bustling and touristy areas, condo buyers can enjoy peace and quiet with easy access to everything San Juan offers, but in more affordable units. There are well-kept studios in low-rise communities starting at $150K. Or, for those in need of more space, two-bedroom, two-bathroom condos range between $400K and $600K in areas like Rio Piedras and Hato Rey.
For American citizens, acquiring property in Puerto Rico is a feasible prospect since the island is a U.S. Commonwealth and thus free of limitations on ownership. They also save time and energy by bypassing customs when traveling from P.R. to the mainland. This has stimulated the market for homes in San Juan, mainly second homes. If you plan to purchase San Juan condos for sale, contact a local real estate agent!
San Juan, PR, Condo Sampler
Acquamarina Condominium
Located on chic Condado Beach, Acquamarina Condominium offers San Juan condos for sale with sea and skyline views close to great restaurants, boutiques, and entertainment. The building has 12 floors, including a three-floor penthouse with five bedrooms, floor-to-ceiling windows, elevators, and private seaside terraces. A condo for sale in this complex can cost between $2M and $3M.
As far as amenities go, Acquamarina Condominium offers 24/7 security and doorman, heated swimming pool, full power generators, water cistern, a large gym area with sauna and steam room, storage unit per condo, parking garage, and beach access.
Atlantis Condominium
Atlantis Condominium is an inviting high-rise condo building just a mile away from Old San Juan, close to great beaches and top-notch amenities in a highly walkable and bikeable area of Puerto Rico’s capital.
San Juan condos for sale in Atlantis Condominium are available in layouts from 776-square-foot studios to larger 1,351-square-foot units. A one-bedroom unit in this condo is priced at around $975K, and amenities include a business center, lounge with integrated wifi, fitness center, 24/7 security, concierge service, and visitor parking. Short rentals are allowed in this condominium.
Vanderbilt Residences
Vanderbilt residences is an upscale community of pre-construction condos for sale in San Juan, defined by its contemporary styling and indulgent amenities. Designed by S.B. Architects, and located on Ashford Avenue in posh Condado Beach, the 250-foot luxurious residential tower will offer panoramic ocean, lagoon, and skyline vistas.
Condos for sale in this building are 66 units available in three and four-bedroom layouts with the ultimate elegance in interiors. There are also penthouses with rooftop terraces. Local amenities include an infinity pool + wet bar, a club room with lounge, a kid's play area, a fitness & wellness center with sauna, a business center, a concierge, a doorman, and valet parking service. Vanderbilt Residences are priced from $5M.
Distances To Other Cities From San Juan, PR
- 17 kilometers to Guaynabo
- 18 kilometers to Bayamon
- 22 kilometers to Carolina
- 34 kilometers to Caguas
- 98 kilometers to Vieques
San Juan Condo Amenities
If you're seeking condos for sale in San Juan, you will be spoiled for choices with luxurious amenities. From exclusive beach access to first-class fitness facilities, condos in San Juan offer you an array of comforts that will make your life a breeze. Here's a list of some popular amenities of the San Juan condos:
- Concierge Service
- Valet Parking
- 24/7 Security
- 24/7 Doorman
- Fitness Centers
- Business Centers
- Lounges
- Heated Swimming Pools
- Sauna
- Steam Rooms
- Jacuzzis
- Entertainment Areas
- Storage Units
- Garaged Parking Spots
- Club Rooms
- Game Areas
Consider that not all condo complexes and buildings in San Juan include all of these amenities. Check individual listings to know the amenities the condo you're interested in actually offers.
Frequently Asked Questions About San Juan, PR Condos For Sale
Where are most condos located in San Juan, Puerto Rico?
Most of the condos for sale in San Juan are located oceanfront, in the northern portion of the city. Popular neighborhoods for condo buyers in San Juan, Puerto Rico, include:
- Old San Juan
- Condado
- Parque
- Miramar
- Santurce
What is the tallest condo in San Juan, Puerto Rico?
Coliseum Tower Residences is considered the tallest condo building in San Juan, PR, towering 259 feet with 27 floors. The second tallest condo building in San Juan is Cosmopolitan, 213 feet with 19 floors.
Is San Juan Walkable?
San Juan, Puerto Rico, is one of the most picturesque cities to explore on foot. With a walking score of 81, it's easy to stroll around and take all the sights from your San Juan condo. The city has well-maintained sidewalks and pedestrian-friendly streets; there's always something to explore in this bustling area.
What tax benefits does Puerto Rico offer?
Puerto Rico offers a range of tax benefits that have made it an attractive destination for investors and businesses in the U.S. for years. Among the most commonly used U.S. programs are the following:
- Act 20: Puerto Rico offers an unbeatable corporate tax rate of just 4%, along with complete exemption on distributions from earnings and profits to companies who decide to relocate here.
- Act 22: Appeal to affluent individuals by guaranteeing 0% taxes on profits made from dividends, interest and capital gains when they’re residing in Puerto Rico.
Since these benefits are based on residency, Puerto Rico is strict with its residency requirements for the laws above. To become a bona fide resident of Puerto Rico, there are three requirements that you must meet:
- The Physical Presence Test: Evaluates if the applicant was in P.R. during the tax year.
- The Tax Home Test: Consider the applicant's home base of operations.
- The Closer Connection Test: Determines if the person has a closer connection with a different city or country.
How many months do you have to live in Puerto Rico to be a tax resident?
To be eligible for tax exemptions, you must become a 'bona fide resident' of Puerto Rico. To achieve that, you must reside in Puerto Rico for at least 183 days yearly and complete I.R.S. forms, like Form 8898. Moreover, you must apply for a tax-exemption decree from the Secretary of Economic Development & Commerce of Puerto Rico.
This tax decree is a binding contractual agreement between the Puerto Rican government and you as an individual investor residing in the country. It will provide comprehensive information regarding taxation treatment for all stakeholders involved. Once approved, this tax exemption will remain in effect until 2035.
But the most crucial point is that you must relocate to Puerto Rico permanently. Your residence and living quarters must be permanently located in Puerto Rico for these perks to apply.
How long can a US citizen stay in Puerto Rico, Puerto Rico?
Individuals with U.S. citizenship can remain in Puerto Rico for up to 90 days at a time. Puerto Rico’s ESTA (Electronic System for Travel Authorization) travel visa is the document that allows you to get to the country. This visa grants several entries within two years, with a maximum stay of 90 days each time.
Do you pay taxes if you live in Puerto Rico, Puerto Rico?
With Puerto Rico's Act 60 of 2019, those who move to this location and meet the necessary conditions can gain a significant advantage through a 0% income tax bracket on capital gains from Puerto Rican sources and additional passive incomes like dividends and interest earnings.
If you are an American citizen or green card holder and move to Puerto Rico, the United States will continue to impose taxes on your global income, regardless of your country. However, Internal Revenue Code (I.R.C.) section 933 allows for bona fide residents of Puerto Rico to exclude income from P.R. sources when calculating U.S. taxable income.
Living In San Juan, PR
This city is full of amenities, so if you buy a condo for sale in San Juan, you won't be short of fun and exciting things to do.
Beaches in San Juan, Puerto Rico
With its stunning beaches and crystal-clear waters, San Juan, Puerto Rico, is known to be one of the top Caribbean destinations for beachgoers. Make yourself comfortable under the shady canopy of a palm tree and prepare for a healing dose of sunshine, salty air, and relaxation. If you purchase condos for sale in San Juan, you will permanently enjoy the city's eclectic variety of beachfront destinations, including:
- Balneario El Escambrón
- Ocean Park Beach
- Condado Beach
- Playa Puerta De Tierra
Old San Juan
El Viejo San Juan, as locals call it, is a neighborhood in Puerto Rico, and visiting it is like stepping back in time. As you step through the 400-year-old city walls, you'll be taken aback by its stunning beauty. Historic monuments tower over cobbled streets, pastel-colored Colonial-era buildings, and bustling local markets that exude culture and Caribbean charm.
Enjoy national landmarks such as Castillo San Felipe del Morro, stroll along the ancient Paseo de la Princesa waterfront promenade, or shop at plazas filled with locals selling gifts, crafts, and tasty food. Try delicacies like mofongo and alcapurrias while savoring the tropical ambiance. Old San Juan is also close to great beaches and houses festivals, events, and bubbly nightlife that goes until morning.
Those looking for condos for sale in San Juan will find plenty of attractive, affordable options within Old San Juan's famous walls, from cozy one-bedroom studios to larger units close to dozens of attractions and convenient amenities. Some are located just steps from the beach.
San Juan Trendy Nightlife
San Juan has some of the best nightlife spots, so if you live in a San Juan condo and are always ready to parisiar (local slang for 'going party'), the city has a hip and fun vibe that makes it a great place to hang out all night.
There is something for everyone's tastes, from the casual reggaeton clubs with authentic Puerto Rican flavor to chic rooftop lounges with epic views and everything in between. Whether dancing all night or sipping fancy cocktails while the sun sets over the ocean, you can have it all in San Juan. Some worth-exploring party spots and bars in la isla include:
- La Placita de Santurce
- La Factoria
- El Batey
- Nuyorican Cafe
- Bar Catedral Rooftop