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

Guaynabo: Your Puerto Rico Real Estate Neighborhood Overview

Spread over nine barrios and 27 square miles, the city and municipality of Guaynabo is a mighty business district within the San Juan metropolitan area, with some of the best of Puerto Rico real estate, and affordable Puerto Rico rentals. From historic Puerto Rico luxury homes to a metropolitan downtown vibe, Guaynabo has it all.

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

Location & Language
Only 20 minutes from San Juan International Airport and just 15 minutes from the beaches of Condado and Ocean Park, Guaynabo stretches from the bustling Bay of Puerto Rico (“Bahia de Puerto Rico”) in the north to the high mountain rainforests of the central part of the island. It directly abuts the official border of the city of San Juan along the entire of its eastern edge, and is thus considered a part of the greater San Juan metropolitan area.

Founded in 1521, San Juan is the largest metropolitan city on the island and the capital of the United States territory of Puerto Rico. With nearly 2.2 million people living in the greater San Juan area, the city of Guaynabo has a population of just 98,000, spread over its 27 square miles, nowhere near as dense as more populous areas of the capital.

Both English and Spanish are the official languages of the island. Those buying Puerto Rico real estate or Puerto Rico luxury rentals in Guaynabo will find most everyone speaks English, though they may experience more Spanish as they travel further from the tourist-heavy areas of San Juan.

Real Estate Prices in Guaynabo
Only a few miles from the capital, real estate prices significantly drop in Guaynabo. It is typical to find a nice piece of Puerto Rico real estate with a yard for under $250,000. Investing $300,000 for a new residence in the area will get you far. Residences of all sizes are available. Large properties can be found for $5,000 per month, but overall, rent is low, with 3-bedroom apartments costing $1,000 per month, although these prices have also started to rise quickly.

There are also plenty of Puerto Rico luxury homes in Guaynabo, where 5-bedroom, 5000 square foot homes sell for as much as $1.5 million and could sell for significantly more in the near future based on recent trends. This is a steal compared to the prices for Puerto Rico luxury homes and Puerto Rico luxury rentals in tony Condado. Preferred neighborhoods in Guaynabo include the Community of Los Paseos, the Community of Montehiedra, the Communities of Santa Maria and San Francisco, the San Patricio Neighborhood, and Garden Hills.

Shopping & Dining
Guaynabo is one of the best shopping destinations in all of Puerto Rico. San Patricio Plaza is a three-story mall with more than 120 stores, 30 restaurants, and a movie theatre. Plaza Real and Plaza Guaynabo also have great retail opportunities for shoppers. In nearby University Gardens, just a few minutes away, the magnificent Plaza Las Américas is the largest shopping mall in the entire Caribbean.

For dining, head to Bottles, a Guaynabo staple known for its sophisticated atmosphere, huge portions, and seemingly endless wine selection. For more casual and local fare, visit Paseo Tablado de Guayabo, an outdoor boardwalk lined with food stands selling the everything from mofongo to tacos to piña coladas, the signature cocktail of Puerto Rico.

Nightlife & Entertainment
Guaynabo is known more as a business and residential district rather than a nightlife haven, such as Condado, Santurce, or Old San Juan. Away from the hustle and bustle of the more touristy areas of San Juan, Guaynabo’s tree lined streets are filled with gated Puerto Rico luxury homes and affordable Puerto Rico real estate. However, there is still plenty to do for entertainment.

The Centro de Bellas Artes (Guaynabo Performing Arts Center) is a world-class performing arts venue with performances in dance, theatre, music, and more happening year-round. The Mario Morales Coliseum offers sports fans the chance to catch a game of basketball, volleyball, or musical acts. The museums in Guaynabo, such as the Museum of the Conquest and Colonization of Puerto Rico, give invaluable insight into Puerto Rico’s rich history. Explore Caparra Ruins Historical Museum & Park and see the ruins of famed conquistador Juan Ponce de León’s 1508 fort and original settlement.

Outdoor Activities
The number one outdoor destination in Guaynabo is undoubtedly La Marquesa Forest Park, high in the lush mountains overlooking the vast plains of the San Juan metro area. With more than 600 acres of tropical rainforest, La Marquesa has attractions for the whole family: ziplining, mountaintop gondola rides, hiking, rappelling, and more. Kids will even be able to get up close to tropical birds such as parrots, macaws, and flamingos in the state-of-the-art aviary, and see some of Puerto Rico’s more charming residents on the living butterfly farm.

Villa Campestre is a farm and educational center with fun for the whole family, such as pony rides, bumper cars, bounce houses, and more. And you can find one of the islands most beautiful waterfalls, Poza Prieta Waterfall, hidden in nearby Bayamon.

Though part of Guaynabo is on the Bay of Puerto Rico, it is not oceanfront. For the nearest beach, residents will need to drive 15-20 minutes to Condado or Ocean Park in the San Juan neighborhood of Santurce. However, the distance from the beach provides for much more affordable Puerto Rico real estate than can be found in the high-rise Puerto Rico rental towers of beachfront neighborhoods.

Weather & Hurricanes
Guaynabo’s average temperature matches that of greater San Juan, at between 75 and 86 degrees Fahrenheit year-round. However, if your home is close to the bay, Guaynabo may feel cooler, due to the near-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 Guaynabo, making cars a necessity. However, Uber is extremely common in the area, taking passengers from Guaynabo to anywhere in greater San Juan and points beyond. Guaynabo has some of the safest residential neighborhoods for Puerto Rico real estate and Puerto Rico luxury homes, such as San Patricio and Garden Hills. However, outside those neighborhoods, not all Guaynabo may be safe for night walking.

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 in both English and Spanish. In Guaynabo, the prestigious Baldwin Academy has a gorgeous 23-acre campus with, and has students that have gone on to Ivy League schools. For residents of the Santa Maria or San Francisco neighborhoods, there are San Ignacio private schools right within the bounds of your tree-lined streets.

The St. John’s School and the Robinson School are just 15 minutes from Guaynabo in ritzy, beachfront Condado. 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 Guaynabo 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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