13% CAP RATE - GREAT INCOME OPPORTUNITY WITH THIS SHORT TERM RENTAL VACATION HOME Once in a lifetime investment opportunity with this 6,000 sf. vacation home in Vistamar Marina Este, Carolina, Puerto Rico with an extensive and solid rental history and future bookings that can be transferred with the purchase of the property. This property is already producing a short term rental income of over $ 120,000 per year. LOCATION! LOCATION! LOCATION! The short term rental market has already surpassed the billion dollar mark and is still growing (Expedia bought Home Away for 3.9 billion dollars in 2015), so imagine purchasing a property that combines this attractive option with one of the most sought after vacation spots in the Caribbean!!! A winning combination! Another winning combination that makes of this home a unique purchase is the perfect balance between “privacy” and “proximity”. With 5 bedrooms and 7 baths, (plus staff quarters w/bathroom). TLH easily and comfortably accommodates 12 guests at one time. The home features an 800 sf. home theater room, private office space, a large kitchen, large living and dining areas, private pool, private marina, outdoor sitting and giant window walls overlooking the mangrove lagoon. Also, “The Lagoon House” is within the exclusive gated community of Vistamar Marina, offering 24hr security, tennis and basketball courts, passive park, children's playground and a large gazebo for community activities. At the same time, TLH is only minutes from the International airport of San Juan and from many of Puerto Rico’s main attractions (like the City of Old San Juan, the beaches of Isla Verde, 5 Star Hotels & Casinos and commercial areas with shopping, restaurants and night clubs). The option to combine privacy and proximity allows guests to enjoy the best of both worlds, making TLH a favorite among other short term rental properties and one of the reasons for the property’s high occupancy rate. And the tourism/vacation market is not the only one attracting renters, TLH has been also booked for corporate retreats, team building events, weddings, family & friend reunions, special occasions and even as a set for film and TV shootings.
Off market
Price Unknown
H1 Calle Andalucia, Carolina, PR 00983
7beds
6,000sqft
SingleFamily
Built in 1975
7,405 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 8
- Full bathrooms: 7
- 1/2 bathrooms: 1
Appliances
- Included: Dishwasher, Dryer, Freezer, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Tile, Carpet
- Basement: Basement (not specified)
- Has fireplace: No
Interior area
- Total interior livable area: 6,000 sqft
Property
Parking
- Parking features: Garage - Attached
Features
- Exterior features: Cement / Concrete
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
Lot
- Size: 7,405 sqft
Construction
Type & style
- Home type: SingleFamily
Materials
- Roof: Built-up
Condition
- Year built: 1975
Community & neighborhood
Location
- Region: Carolina
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $100 monthly