388 Acres of Land with Valid Land Consultation In-Place for a Beachfront Master Planned Development

The immediate neighborhood is characterized by the presence of Playa Puerto Nuevo (Puerto Nuevo beach), which gives the area a touristic feel, with many residential properties geared towards the second home market. The neighborhood’s boundary limits can be delineated as follows: Atlantic Ocean to the north; large vacant land parcels to the south; Cibuco Wetland Natural Reserve to the east; and numerous residential developments to the west, which include San Demetrio, Chalets de la Playa, Mar del Norte Community, Atlantic View Court, Villa de la Playa, Villa los Pescadores, Veredas del Mar Condominium, and Monte Mar Villas, amongst others. The area is about 40% built-up and general access is provided by way of State Road PR-686, the main artery of the area.This offering refers to a 387.74 acres vacant land parcel with beach frontage, having a valid land consultation in-place for a master planned development to include over 1,000 single- and multi-family residences, as well as a tourist-oriented component. Its level topography, its mostly non-floodable classification, its configuration with an excellent width-to-depth relationship and most importantly, its beach frontage and closeness to the world known Puerto Nuevo Beach, recipient of the iconic Blue Flag award for numerous years, makes this property a developer's dream.