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Isaac Loviglio

opentoclose@livingluxury.homes +1(941) 241-2581

$2,750,000

Est. payment - /mo

11 Beds

6 Baths

4,802 SqFt

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,802 sqft

Price per Sqft $572

Subdivision Ocean Park

MLS Listing ID PR9117532

Bedrooms 11

Full Baths 6

HOA Y/N No

Year Built 1960

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type Single Family Residence

Source Stellar MLS

Property Description

Unparalleled potential featuring two adjacent properties spread over 5 units on the most sought-after beach block in San Juan. Outside of the Ocean Park flood line, remarkable opportunities of this caliber are rare. Nestled on Calle Yardley, mere steps from the widest expanse of beach in Ocean Park, this one-of-a-kind compound offers an extraordinary lifestyle while generating significant investment income. This property currently enjoys the full benefits of an issued Act 60 tourism decree, including -40% tax credit on all improvements to the property -0% sales tax on all materials and equipment purchased for the property operations and improvements. -75% discount on all property taxes -4% corporate tax on profits of the business. -0% tax on all profit distributions. -inquire about various other benefits. A generous total of 4,802 interior sqft spread over 11 bedrooms and 6 bathrooms - these fully furnished properties present a wide range of opportunities. Currently operating as a Bed and Breakfast registered with the government of Puerto Rico and benefiting from transferable tax credits and tourism decree, new owners can continue operating the current business, reside and long-term rent, or completely redesign a dream home on this large 686 square meter lot. This property is presented as five separate residences, offering a diverse array of living options. The main house at 20 Calle Yardley Place is a stunning two-story Spanish-style villa featuring 4 beds/2 baths and 1,976 sqft of living space. It showcases exquisite terracotta tiles throughout, complemented by elegant wooden accents. Glamorous French doors open to an airy floor plan that seamlessly connects the living room and dining area. Impressive 10-foot ceilings enhance the rich tones and numerous windows invite abundant tropical sunlight. The thoughtfully designed kitchen is equipped with custom cabinetry and adorned with Spanish tiles and includes modern amenities such as an extraction fan, a dishwasher, and generous storage. Step outside to the expansive back patio, which features a barbecue grill and a beautifully landscaped area ideal for relaxation or entertaining. The first floor also features a large office space. Ascending to the second floor, you will find three well-appointed bedrooms. This main residence combines historic elegance and functionality, including a 4-stage water filtration system and a 600-gallon water cistern. Behind the main residence are two beautifully furnished apartments. The ground floor apartment is 438 sqft offering 1 bed/1 bath, an open concept kitchen, dining, and living area. The layout is spacious and cozy, maximizing comfort. The second-floor apartment is 741 sqft and includes 2 beds/1 bath. The living area is adorned with unique, original tile flooring and opens onto a private balcony, complete with a hammock perfect for enjoying morning coffee. This unit features a separate and private roof-top terrace that provides breathtaking ocean views. The independent building adjacent to the main house at 18 Calle Yardley features two additional boho-chic apartments. The vibrant local community, combined with its proximity to Condado Beach, renowned dining establishments, and top-ranking schools, makes this location a magnet for both residents and tourists.

Location

State PR

County San Juan

Community Ocean Park

Area 00911 - San Juan

Zoning RESI

Interior

Interior Features Solid Wood Cabinets

Heating None

Cooling Mini-Split Unit(s)

Flooring Ceramic Tile, Wood

Furnishings Negotiable

Fireplace false

Appliance Cooktop, Dishwasher, Refrigerator, Solar Hot Water

Laundry Inside

Exterior

Exterior Feature Balcony, Courtyard, Outdoor Grill

Utilities Available Other

Water Access Yes

Water Access Desc Beach

Roof Type Other

Garage false

Private Pool No

Building

Entry Level Two

Foundation Concrete Perimeter

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Concrete

New Construction false

Others

Ownership Fee Simple

Special Listing Condition None

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Listed by Caroline Johnson CORCORAN PUERTO RICO

Learn More About LPT Realty

Isaac Loviglio

+1(941) 241-2581

Agent | License ID: SL3466395

Agent License ID: SL3466395

18 & 20 CALLE YARDLEY PLACE San Juan, PR 00911

Isaac Loviglio

Key Details

Location

Interior

Exterior

Building

Others

Learn More About LPT Realty

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18 & 20 CALLE YARDLEY PLACE