Description
Rare opportunity to own a versatile multi-residence property just one block from Ocean Park Beach, located on a 715 m2 (7,696 sq ft) corner lot in one of San Juan's most desirable neighborhoods. This property offers flexible use as a primary residence, multi-generational home, or income-producing short-term rental, with multiple living areas that can be offered under one listing or separate listings. The property currently consists of three separate residential units totaling 5 bedrooms and 6 bathrooms, plus an additional office/gym area, a pool connecting the residences, two enclosed garages and extensive outdoor and rooftop living spaces. Current Layout- One-level Villa featuring 2 bedrooms, 2 bathrooms, kitchen,foyer, living-dining area, laundry room, and terrace overlooking the swimming pool. Second Villa - First-Floor Unit: Office/Gym with access to the pool. Second-Floor Unit: 2 bedrooms, 2 bathrooms, kitchen, living-dining area, laundry room, balcony, and stair access to rooftop terrace. Studio Apartment: Private studio with full bathroom, kitchenette, air conditioning, and access to a large furnished rooftop terrace. Additional Features: Two 1-car garages plus additional parking for up to 4 vehicles for a total of 6 parking spaces, swimming pool with dedicated pool bathroom, over 1,500 sq ft of open rooftop terraces, 50 kVA full-property generator, two 600-gallon stainless steel water tanks with pump systems, solar and electric water heaters, 3 central air conditioning systems plus 1 mini-split air conditioning system. Expansion & Income Potential: The existing home office/gym area and additional garage spaces has potential for conversion into additional living units, tourism tax incentives, subject to zoning, permits, and buyer verification. This flexibility creates an opportunity to increase rental capacity and maximize short-term rental income in a high-demand location. Ideal for investors or buyers seeking a primary residence with home office and income potential in a premier coastal neighborhood.
