Exclusive Opportunity in the Heart of Boquerón, Cabo Rojo – Monik Building Discover a rare gem in Boquerón’s most iconic and walkable sector. The Monik Building is a five-story concrete structure designed with unmatched engineering integrity—built on a floating foundation with 78 deep-set pilings, this property has withstood hurricanes, earthquakes, and the test of time. Appraised at $2,854,000, it is now listed below market value, offering a strategic opportunity for the visionary investor. Each of the 5 residential units features 3 bedrooms, 2 bathrooms, living room, dining room, kitchen, laundry, hallways, and balconies with spectacular front-facing views of Boquerón Bay. Additional amenities include an elevator, stairs, rooftop with panoramic 360° views, and separate water/electric meters (6 each), allowing future conversion into a condo regime. Currently underutilized, this is not a passive-income property—it’s a diamond in the rough. Its full potential lies in transformation: think boutique hotel, luxury short-term rentals, or a culinary destination with bar/restaurant facilities on the first level. With limited permitting for new developments in this historic area, the Monik Building represents one of the last opportunities to own a legacy structure in this high-demand tourism corridor. Lot Size: 258 square meters Parking: Accommodates 5 small cars Tax ID: 380-013-008-03-001 Coordinates: 18.024408, -67.173055 This is a unique investment opportunity in the most coveted location of Boquerón. Showings are by appointment only, and proof of funds is required. Don’t miss your chance to own this beachfront treasure. Gross Living ( 5 units / 1,176 each ) = 5,880 sq ft Total Building Construction is Approx = 11,172 sq ft At this moment is vacant, but you can make passive income from it. Asking Price: $2.4 million For more information or to schedule a private tour, contact us today.
For sale
$2,400,000
Monik De Diego St BUILDING 3, Boqueron, PR 00622
3beds
2baths
5,880sqft
Est.:
Multi Family
Built in 2010
-- sqft lot
$-- Zestimate®
$408/sqft
$-- HOA
What's special
Beachfront treasureWalkable sectorFloating foundation
- 437 days
- on Zillow |
- 366 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: July 29, 2025 at 07:48am
Listing Provided by:
Eddie Nieves Santiago 787-307-6673,
EDDIE NIEVES SANTIAGO 787-307-6673
Source: Stellar MLS,MLS#: PR9106507
Originating MLS: Puerto Rico

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- None
Cooling
- Ductless
Appliances
- Laundry: Electric Dryer Hookup, Laundry Closet
Features
- Ceiling Fan(s), Other, Primary Bedroom Main Floor
- Has fireplace: No
Interior area
- Total interior livable area: 5,880 sqft
Video & virtual tour
Property
Parking
- Total spaces: 10
- Parking features: Garage - Attached, Carport
- Attached garage spaces: 5
- Carport spaces: 5
- Covered spaces: 10
Features
- Exterior features: Balcony
- Fencing: Fenced
- Has view: Yes
- View description: Bay/Harbor - Full, Bay/Harbor - Partial, Beach, Canal, Marina
- Has water view: Yes
- Water view: Bay/Harbor - Full,Bay/Harbor - Partial,Beach,Canal,Marina
- Waterfront features: Bay/Harbor, Beach, Canal - Saltwater, Marina, Bay/Harbor Access, Beach Access, Beach - Access Deeded, Saltwater Canal Access, Marina Access, Boat Port, Fishing Pier, Skiing Allowed
- Body of water: BOQUERON BAY IN CABO ROJO PR
Lot
- Size: 2,778 Square Feet
Details
- Additional structures: Boat House
- Parcel number: 38001301102000
- Zoning: CT-L
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Concrete
- Foundation: Block, Concrete Perimeter
- Roof: Cement
Condition
- New construction: No
- Year built: 2010
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Community & HOA
Community
- Subdivision: BARRIO BOQUERON
HOA
- Has HOA: No
- Pet fee: $0 monthly
Location
- Region: Boqueron
Financial & listing details
- Price per square foot: $408/sqft
- Annual tax amount: $7,119
- Date on market: 5/25/2024
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Concrete
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