ALL BEACHFRONT IS NOT CREATED EQUAL. On the North shore of the island, nestled among towering palms, on a vast white sand beach lies Lot 699A. Approx. 80 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. 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. Investment Opportunity. PCS can be purchased in conjunction with Vacant Lot 699A next door listed at $400,000 for an astounding 151' of contiguous beachfront property. $1,400,000 if purchased together. Multiple investment strategies exist if you purchase 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. You would then have 6 units that could generate close to $400,000 in annual revenue. It would be a formidable 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. 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 in their first year in operation, placing them in the top 10% of all rental units on the island. 2020 is shaping up to be closer to 85%. It's fresh 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. 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 hundreds of hours invested in logos, professional photos and videos, websites, social media channels, and a wide array of marketing materials that will continue to build the PCS brand name. Don't miss this rare opportunity to diversify your assets with Prime Caribbean Beachfront Property and a Turn-key Business. Truly a legacy property for generations to come! IRA/401K and 1031 exchange is IRA/401(k) and 1031 exchange available. Seller is offering a 1.5% finders fee for a qualified buyer at full price. VISIT: vqsbeach.com for more information. Email phil@paradisecovesuites.com or text/call at 630-640-2050 for more information.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
