Condado: Your Puerto Rico Real Estate Neighborhood Guide - Relocate to Puerto Rico with Act 60, 20, 22

Condado: Your Puerto Rico Real Estate Neighborhood Guide

Wide beaches, luxury shopping, and a thriving restaurant scene, all within a few minutes of both downtown San Juan and Old San Juan, make Condado one of the trendiest areas in Puerto Rico real estate. Famed for its century-long connection with royalty and the jet set, some of the most decadent destinations in Condado were built by the Vanderbilts in the Gilded Age.

Whether you are searching for Puerto Rico luxury rentals or Puerto Rico luxury homes, Condado is a great, centrally located, beachfront neighborhood to consider for your relocation to “La Isla Del Encanto”.

Location & Language
Only 10 minutes from San Juan International Airport, Condado is a vibrant, upscale, “oceanfront city” in Santurce, a subbarrio of greater San Juan. Founded in 1521, San Juan is the largest metropolitan city on the island and the capital of the United States territory of Puerto Rico. Though nearly 2.2 million people live in the greater San Juan area, only about 6,000 full-time residents live in the 200-acre enclave of Condado.

Both English and Spanish are the official languages of the island. Those buying Puerto Rico real estate or Puerto Rico luxury rentals in Condado will find nearly everyone in the tourist-friendly neighborhood speaks English.

Real Estate Prices in Condado
There’s a reason Condado is often called the “Manhattan of Puerto Rico”. Condos and luxury condos dominate the Condado, Puerto Rico real estate market, likewise making Condado one of the hottest markets for Puerto Rico luxury rentals. Condos average around $650,000, with luxury homes selling for between $2-4 million USD. This area has also experienced rapid price increases due to the increased demand for oceanfront living.

However, those looking for cheaper Puerto Rico real estate still within walking distance of the beach can find condos in Condado from the mid $200,000s. For mid-range Puerto Rico rentals, expect to pay $1,200 USD for a 900-square foot Condado rental condo. For condos not directly on the beach or with ocean view, there is a significant discount in price compared to the limited inventory of condos in Condado with ocean front views.

Shopping & Dining
From upscale shopping to a thriving nightlife scene right on the beach, it’s no wonder that Condado is considered the “Miami Beach” of Puerto Rico real estate. Luxury brands such as Ferragamo, Cartier, Furla, Gucci, and Louis Vuitton have storefronts right beside Puerto Rico luxury rentals. Nono Maldonado is one of Puerto Rico’s best local designers, for both men and women. They also design interiors in a chic, contemporary style, perfect for Puerto Rico luxury homes and luxury rentals.

There are many dining options in Condado, just steps from some of the best Puerto Rico rentals. Some of the best restaurants in Puerto Rico are right here, including Michelin-rated chef Juan José Cuevas’ opulent 1919 Restaurant and Mario Pagán’s eponymous restaurant, both combining locally-sourced ingredients and dishes with international techniques. For international fare, we recommend Bangkok Bombay for Indian and Thai, Yerba Buena for Cuban cuisine, or Via Appia’s for Italian.

Nightlife & Entertainment
A wide range of high-end resorts, such as the luxurious Condado Vanderbilt, and mid-range hotels, such as the AC Hotel by Marriott, populate the beachfront neighborhood, offering your guests convenient places to stay, as well as entertainment options open to all. Those interested in a little gambling will enjoy the 12,000 square foot, Vegas-style Condado Plaza Hotel & Casino, the intimate Casino Del Mar at La Concha Resort, or the family-friendly Marriott San Juan Resort & Stellaris Casino, each right on Condado’s famous beach.

For the true Condado nightlife experience, start by taking in the breathtaking, oceanfront, Caribbean sunset from one of Condado’s stunning rooftop bars, such as Eter Rooftop Lounge by Ciqala, or the rooftop of The Wave Hotel. Continue your evening with dancing at the ultra-exclusive Club 58, or with salsa dancing at the San Juan Marriott’s Red Coral Lounge. Wind down at the Conrad Condado Plaza’s late night lounge Eternal. And if you are partying late into the night, Kali, an Eastern-themed lounge, doesn’t get going until 2:00am.

Outdoor Activities
Just over the bridge from Old San Juan, Condado’s wide beachfront is legendary, gaining a world-renowned reputation as the “Caribbean Riviera”. Sailing, snorkeling, diving, parasailing, surfing, and more activities are readily available on specially-chartered boat trips from Sailing Dreams Yacht Charters and Aqua Adventures. Beachfront parks such as La Ventana al Mar (“the Window to the Sea”) offer pleasant palm-lined places to stroll.

Away from the beach, Condado also boasts an additional waterfront on the huge Condado Lagoon, perfect for investing in waterfront Puerto Rico real estate without paying beachfront prices. Paddle-boarding, kayaking, beachfront yoga, and surfing schools are all available at the various waterfronts in Condado.

Weather & Hurricanes
Condado’s average temperature matches that of greater San Juan, at between 75 and 86 degrees Fahrenheit year-round. However, being right on the ocean, Condado feels much cooler, due to the constant sea breezes.

Hurricane season lasts from June to November in Puerto Rico. When looking at Puerto Rico real estate, make sure that your future home is as prepared as possible to withstand these devastating storms. From Puerto Rico rentals to Puerto Rico luxury homes, PRelocate’s hurricane advice for homebuyers is essential reading.

Public transportation options are limited in Condado, making cars a necessity. However, Uber is extremely common in the area, taking passengers from Condado to anywhere in greater San Juan and points beyond. Condado is also compact and highly walkable.

Private Schools
The greater San Juan area has terrific private schools, with solid track records of graduates matriculating into mainland U.S. higher education institutions. All offer students a bilingual education. Condado itself boasts two such private schools, St. John’s School and the Robinson School. St. John’s is frequently ranked as the best private school in Puerto Rico, and students from both institutions have gone on to Yale, Harvard, MIT, and more.

Act 60
Puerto Rico’s income tax laws make it extremely attractive to business owners and investors, both internationally and in the mainland United States. Act 60 allows Puerto Rico residents to pay zero taxes on passive income and allows relocated corporations or local companies to pay just 4% income tax.

PRelocate’s Real Estate Brokerage Services
If you’re looking to purchase or rent real estate in Condado or other similar areas of Puerto Rico, PRelocate can help. We’re a licensed real estate brokerage firm (license C-21696) with experience and extensive knowledge of the Puerto Rico real estate market. Our team is professional, responsive, friendly, and experienced, and with both native English- and Spanish-speaking staff, we can help you break down any language barriers you might encounter. We can save you time and effort by helping you find the right Puerto Rico property for you quickly and easily. In the meantime, you can view current real estate rental and for sale listings.

For more information on real estate and to learn how to benefit from Act 60, contact PRelocate today.

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Disclaimer: Neither PRelocate, LLC, nor any of its affiliates (together “PRelocate”) are law firms, and this is not legal advice. You should use common sense and rely on your own legal counsel for a formal legal opinion on Puerto Rico’s tax incentives, maintaining bona fide residence in Puerto Rico, and any other issues related to taxes or residency in Puerto Rico. PRelocate does not assume any responsibility for the contents of, or the consequences of using, any version of any real estate or other document templates or any spreadsheets found on our website (together, the “Materials”). Before using any Materials, you should consult with legal counsel licensed to practice in the relevant jurisdiction.


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