A10773375 for Sale

PR-83 PR-834 Other City - Keys/Islands/Caribbean, FL

A10773375 for Sale

PR-83 PR-834 Other City - Keys/Islands/Caribbean, FL

Price $15,000,000.00
Address:
PR-83 PR-834 Other City - Keys/Islands/Caribbean, FL
Construction year:
Taxes:
$10,000.00
Sizes:
Architect:
Developer:
PR-83 PR-834 Other City - Keys/Islands/Caribbean, FL 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.