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

Palmas del Mar: Your Puerto Rico Real Estate Neighborhood Overview

A stunning residential resort community right on the Caribbean Sea, Palmas del Mar offers some of the best Puerto Rico luxury homes and Puerto Rico rentals the Puerto Rico real estate market has to offer. Palmas del Mar is a master-planned gated community with 25 distinct neighborhoods for every budget, two championship golf courses, six miles of beaches and coastline, 60 acres of tropical rainforest within the neighborhood, and the largest tennis center in the Caribbean.

Whether you are searching for Puerto Rico luxury homes or affordable Puerto Rico rentals with resort living, Palmas del Mar is a fantastic neighborhood for your relocation to “La Isla Del Encanto”.

Location & Language
35 miles south of the hustle and bustle of San Juan and about one hour from San Juan International Airport, the Palmas del Mar resort community spreads across 2,750 acres and over six miles of stunning Caribbean coastline. Quite remote from other large cities in Puerto Rico, the nearest large town, Humacao, has a population of just 58,000. This makes the communities of Palmas del Mar a world unto themselves, and more relaxing than the urbanite communities of San Juan, with hospitals and medical facilities in nearby Humacao.

Both English and Spanish are the official languages of the island. Those buying Puerto Rico real estate or Puerto Rico luxury rentals in Palmas del Mar will find most people speak English, though they may experience more Spanish as they travel further from the Palmas del Mar gates.

Real Estate Prices in Palmas del Mar
Palmas del Mar has more affordable Puerto Rico real estate and Puerto Rico rentals than other resort communities on the island. A luxury 7-bedroom home complete with a private pool recently sold for $3.5 million. But three-bedroom condos in the Harbour Lakes neighborhood of Palmas del Mar can go for as little as $230,000. Half-acre lots are even selling for just $175,000, although prices have started to rise. Puerto Rico rentals are also quite reasonable in Palmas del Mar. 3-bedroom condos start at $2,500 per month.

Shopping & Dining
Palmas del Mar has plenty of shopping and dining opportunities, just steps from some of the best Puerto Rico luxury homes and Puerto Rico rentals on the island. The neighborhood has a grocery store, mail center, convenience market, marina shop, myriad gift shops, and other stores. Shopping centers and malls are just a short drive outside the community gates.

The Palmas del Mar Clubhouse features a 2,600 square foot pro shop, perfect for outfitting golfers with the best equipment for their game.

From country club fine dining to oceanfront restaurants, Palmas del Mar has more than 20 restaurants, offering a dining experience for every person and every budget. For local seafood, try Ladi’s Place Restaurant with its unforgettable harbor-front and Caribbean views. For a quick bite with the kids, you can’t beat The Flying Pizza. Chez Daniel offers golf course vistas and award-winning French cuisine. Other notable mentions include Costa Nova, Shipyard, Plaza Steak house, and the Beach Club Restaurant.

Nightlife & Entertainment
Palmas del Mar real estate not only offers peaceful, resort-style, oceanfront living, it also offers the nightlife of a big city in certain neighborhoods, such as the harbor. The Wyndham Candelero Beach Resort has a casino on its property. For late-night dance clubs, try C Bar or Pura Vida, with nightly specials and monthly events to always keep the party going. The yacht club bar is an elegant place to spend an evening or grab a cocktail. Palmas also has six swimming pools including a Beach Club, with 16-foot waterslides, an 1,100 square foot waterworks playground for kids, and poolside or beachfront cocktail service for adults.

Outdoor Activities
Palmas del Mar’s Puerto Rico luxury homes and Puerto Rico rentals have exclusive access to six miles of the best beaches on the Puerto Rico real estate market, including an unbroken three-mile stretch of sand. The dedicated watersports activity center has beach equipment rentals, in addition to scuba, snorkeling, and other sports. The world-class Palmas Del Mar harbor has a 200-slip marina and a yacht club large enough for a staggering 142 yachts and 20 mega-yachts.

There are two championship golf courses on property. The Palm, designed by Gary Player, has several oceanfront holes and views of the mountainous El Yunque rainforest. The par 72 Flamboyan course, designed by Rees Jones, is Puerto Rico’s longest championship track and was ranked by Barron’s as one of the best courses in the Caribbean. The Palmas Del Mar Tennis Club has a whopping 20 tennis courts on a range of surfaces. There is even an equestrian center within Palmas del Mar with 64 stables and jumping rink, a rarity among resort neighborhoods in Puerto Rico.

Palmas del Mar also sits right at the foot of El Yunque National Forest, a mountainous, 28,000-acre tropical rainforest. Just 20 minutes away, El Yunque is a hiker’s dream, with stunning waterfalls, mountaintop views, and an extraordinarily diverse rainforest ecosystem.

Weather & Hurricanes
Palmas del Mar’s average temperature is between 82 and 90 degrees Fahrenheit year-round. However, as Palmas del Mar is close to the beach, Palmas del Mar often feels cooler, due to the constant, gentle sea breezes. Southern Puerto Rico is prone to earthquakes, including the Palmas del Mar area, as it sits right on the edge of the Caribbean plate.

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.

Transportation
Public transportation options are very limited in Palmas del Mar, making cars a necessity. Uber is not as common in the area as in San Juan or Dorado Beach. But Palmas del Mar is one of the safest residential neighborhoods in all of the Puerto Rico real estate market, with a new 300-bed state-of-the-art hospital to be completed soon just outside the gates. The entire Palmas del Mar neighborhood is gated and has 24-hour security, making it safe for all at any hour.

Private Schools
The Palmas Academy is a private, co-educational, English-language school within the Palmas del Mar gates. Offering education from preschool to 12th grade, The Palmas Academy perfectly prepares students for matriculation into some of the best colleges and universities in the world.

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 Palmas del Mar 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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