Vacant Lot 699A- 961 m2. $400,000 - Build 4 Vacation Rental Units or your Dream Home.
Existing 2-Unit Property Lot 699 on 881m2 and Vacation Rental Business. $1,100,000
Purchase both for $1,400,000
Situated in the breathtaking waters of the Caribbean, just off the coast of Puerto Rico lies the island of Vieques. At approximately 21 miles long and 5 miles wide, Vieques, or “Isla Nena” as it is known, is an American territory in the heart of the Caribbean and requires no passports, has no customs process, no stop lights, and is home to over 1,000 horses wild horses that graze in the fields, share the same streets, and frolic in the surf.
Fly from nearly anywhere in the world to San Juan international airport. From there, the breathtaking 30 minute flight or 45 minute Ferry ride will transport you to a rustic, unpretentious paradise that invites you to unplug, unwind, and relax. Enjoy five-star dining, authentic local restaurants, unique food trucks and fresh seafood. With over 20 spectacular beaches and the world's largest bio-luminescent bay, Vieques is a globally recognized vacation destination.
TAX FREE STATUS - Set up properly, this property can serve as a residence, allowing your primary income to be free from federal income tax under Puerto Rico's Title 20/22 tax incentive statutes. For many, the lure of paying no federal income tax is sufficient to warrant buying a property in what is now the largest tax free haven in the Western Hemisphere.
ALL BEACHFRONT IS NOT CREATED EQUAL.
On the North shore of the island, nestled among towering palms, on a vast white sand beach lies Paradise Cove Suites. Approx. 151' Feet of prime beach front property that sits in front of an expansive natural tidal pool, and is adjacent to the department of fish and wildlife reserve; for nearly a mile of uninhabited beach access. The sheer number of attributes that converge to create this particular beachfront is formidable, and is nearly impossible to find anywhere in the Caribbean, even at 5 times this price.
About Paradise Cove Suites:
PCS is a new Vacation Rental property. Our 2 brand new 1br./1ba upscale vacation rental units ran at 70.5% occupancy their first year in operation, placing it in the top 10% of all rental units on the island. With nightly rental rate increases, we anticipate revenue to reach approx. $130,000 annually. It's upscale modern interior was professionally designed, and nearly everything about the property is new and spectacular. The grounds offer a resort like atmosphere with over 500 flowering plants, trees, and shrubs. The 600sf beachfront gazebo is amazing, and one of the stars of the property. PCS enjoys superhost status and 5 star ratings on the 2 major booking platforms as well as a robust private booking revenue stream.
With this business, you are buying a Brand as well as the property it occupies. We have invested a significant amount of of time and energy in logos, professional photos and videos, websites, social media channels, and a wide array of marketing and operations materials that will continue to build the PCS brand name.
PCS can be purchased for $1,100,000 or in conjunction with Vacant Lot 699A next door listed at $400,000, for an astounding 151' of contiguous beachfront property. If purchased together, seller is willing to offer a $100,000 discount, bringing your total investment to $1.4 million. There are multiple investment strategies that exist if you purchased both properties.
First, you could build a truly exceptional beachfront home on one of the most coveted vacant sites on the island, and either keep the existing PCS business in operation to subsidize the entire investment or use it as the guesthouse to your new home .
Alternatively, you could expand the PCS brand and build 4 vacation rental units on the vacant lot for a total of 6 units that could generate close to $400,000 in annual revenue. It would be an astounding vacation rental compound, rivaling any in the Caribbean.
This legacy property is likely to remain in the hands of the new owner for generations to come. Consider that this is only the second time in history this property has been offered for sale to the public, and you begin to get an idea of the magnitude of this offering.
In addition, we have referrals for the lawyer, architect, builder, zoning specialist, property managers and everything you need to expand the existing business or build your dream home. Don't miss this rare opportunity to diversify your assets with Prime Caribbean Beachfront Property and a Turn-key Business.
IRA/ 401k investments and 1031 exchange available.
Seller is offering a 1.5% finders fee for a qualified buyer.
Email email@example.com or text/call at 630-640-2050 for more information.