PR-834 PR-834, Puerto Rico, 00971

PR-834 PR-834
PR 00971

Property

Ownership: For Sale
Type: Land
Pets: Pets Allowed

Financials

Price: $15,000,000
Annual Taxes: $10,000
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Courtesy of Coldwell Banker Realty

Description

Unique investment opportunity in Puerto Rico. Land comprised of 160 cuerdas (approx. 155 acres) with permits and endorsements for a residential development of 950 units (450 single-family homes and 500 multifamily). Approved plans include 3 br / 2.5 ba, 2,110 sq.ft. homes and 4 br / 3.5 ba, 2,335 sq.ft. homes. Take advantage that Puerto Rico almost entirely was designated an "Opportunity Zone" with tax deals appealing to investors. Investors sitting on unrealized capital gains get tax deferral when they roll those gains into Opportunity Funds. There are other available tax breaks in PR for investors, for example, Act 22, the Individual Investors Act, designed to attract high net worth investors to Puerto Rico by providing complete tax exceptions on dividends, interest and capital gains.

Amenities

  • Not Applicable

PR-834 PR-834 Land Florida

    Description

    Unique investment opportunity in Puerto Rico. Land comprised of 160 cuerdas (approx. 155 acres) with permits and endorsements for a residential development of 950 units (450 single-family homes and 500 multifamily). Approved plans include 3 br / 2.5 ba, 2,110 sq.ft. homes and 4 br / 3.5 ba, 2,335 sq.ft. homes. Take advantage that Puerto Rico almost entirely was designated an "Opportunity Zone" with tax deals appealing to investors. Investors sitting on unrealized capital gains get tax deferral when they roll those gains into Opportunity Funds. There are other available tax breaks in PR for investors, for example, Act 22, the Individual Investors Act, designed to attract high net worth investors to Puerto Rico by providing complete tax exceptions on dividends, interest and capital gains.

    Amenities

    • Not Applicable

    All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.