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Isla Verde Carolina. Puerto Rico
$
2500
Bedrooms
1
Utilities Included
No
Bathrooms
1
Furnished
Yes
Available to Lease on
ASAP
Property Type
Apartment
SQFT
Key metrics
Rent
$
2500
Monthly Estimated Profit?
$
2,491
Annual Estimated Profit?
$
29,900
Acquisition Fee
$
3,500
Security Deposit
$
Average Daily Rate
$
156
Occupancy
73%
Annual Revenue
$
59,900
Key Features

Property Description:

1-Bedroom Condo with Beach Access in Isla Verde

Located in Isla Verde, Carolina, PR, this 1-bedroom, 1-bathroom condo is less than 10 minutes from San Juan Airport and within walking distance to restaurants, shops, and bars. The property is fully furnished and includes a fully equipped kitchen, linens, kitchen utensils, and cleaning supplies. Enjoy beach views, beach access, and pool access, along with private gated parking in a secure community.

Building Amenities:

  • Beach Access
  • Pool Access
  • Laundry Area
  • 24-Hour Security
  • Gated Community

Property Features:

  • 1 Bedroom / 1 Bathroom
  • 1 Private Parking Spot
  • Fully Furnished
  • Fully Equipped Kitchen
  • Beach View

Operational Overhead

  • Rent: $2,500/month (Includes HOA)
  • Not Included in Rent:
    • WiFi
    • Electricity
    • Water
    • Restock of Supplies
    • Co-Host Management

STR Regulations Summary:  

Status:
Mixed

View Regulations Here

Non-owner-occupied short-term rentals (STRs) in Puerto Rico are subject to evolving regulations, particularly in municipalities like San Juan. Here's a summary of the key rules and developments:

San Juan Regulations

  1. Mandatory Licensing:
    • Non-shared units require an annual license costing $500, issued by the local Permit Office15.
    • Operators must comply with municipal and state permits, including registration with the Puerto Rico Tourism Company, Treasury Department, and CRIM1.
  2. Restrictions:
    • STRs are prohibited in areas where condominium bylaws or community rules disallow them1.
    • Events or commercial activities are not permitted on STR properties1.
  3. Compliance and Oversight:
    • Operators must adhere to noise, waste management, and other community standards. Violations can result in fines ranging from $500 to $2,500 and potential license revocation15.
  4. Deadlines:
    • The deadline to complete registration for STRs has been extended to May 31, 20251.

Broader Puerto Rico Regulations

  1. Commercial Reclassification Debate:
    • A proposed law would limit STRs to 30% of a property and require reclassification as commercial rather than residential. This has faced criticism for potentially reducing STR inventory23.
  2. Local Variations:
    • Municipalities like Dorado impose stricter fees and caps on STRs, with permits costing up to $3,000 depending on the number of units operated5.
  3. Community Impact Concerns:
    • STRs are criticized for contributing to housing shortages, gentrification, and community disruption. Regulations aim to balance tourism benefits with residents' quality of life23.

Property Location