Monte Santo
Listing 200
Titled

Unique Opportunity to Purchase 25% Ownership of Vacation / Income-Producing Property

Centrally located on a ridge 5 minutes to beaches, Esperanza and Isabelle II you have the opportunity of purchasing this three unit house: one unit occupied by resident security/maintenance man, one 3 bedroom and 1 bathroom unit, and one 2 bedroom, 1 bathroom unit... all fully furnished. Views from the building are phenomenal: ocean views of the Atlantic, the main island of Puerto Rico, Fajardo and El Yunque, Caribbean, Mosquito (Bio) Bay, Puerto Ferro, Sun Bay and St. Croix.

The first floor unit has a large outside patio with benches, picnic table, rain/sun shelter and BBQ... all amidst lush tropical vegetation. The second floor unit has access to a huge roof terrace with bar/sink/BBQ, raised sitting platform and sun shelter.

A jewel of the property is the 32x16 foot infinity swimming pool and pergola for sun shade, overlooking the Atlantic/W Hotel/El Yunque/Fajardo.

The 3 unit building and pool are located on approximately one acre of landscaped grounds with mangoes, avocados, coconuts, limes, lemons, papaya, oranges, grapefruit, sugar cane, plantains, Bougainvillea everywhere, flamboyan trees, birds of paradise, yucca, cacti, colorful Caribbean plants and flowers too numerous to list.

Also included in the purchase are car and 2 person Hobie Cat sailing kayak.

Description of each owner´s right of use:  

Two weeks reserved usage of a unit during high season, two weeks reserved usage of a unit during shoulder season, and 6 weeks reserved usage of a unit in off-season, for self, friends or immediate family; flexible, can be combined into one week of both units, for example, or can “swap down” for more weeks in shoulder from high, or with other owners; and right to reserve/rent units during rest of year at ¾ normal rental rates up to 26 weeks total, or use free if unrented. Priority weeks-of-use rights rotate each year by week.

The property is titled in Limited Liability Company for limited liability and ease of transferability. Equal management rights with other 3 owners can provide significant income tax decduction. Fully inheritable. Titled property. Includes car and boat.

Purchase Price $250,000 (1/4 ownership)
Owner Financing Availabale
Because of the co-operative nature of this ownership relationship the current owners reserve right of acceptance or refusal of any offer