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

Santurce: Your Puerto Rico Real Estate Neighborhood Guide

The largest and most populous neighborhood in all of San Juan, Santurce contains some of the best in Puerto Rico real estate and Puerto Rico luxury homes. Santurce is subdivided into 40 sub-barrios, including such sought-after locations as beachfront Condado and trendy Miramar. But the greater Santurce neighborhood itself has its own distinct culture and offerings, and even has come to be known as Puerto Rico’s “hipster haven” and a magnet for artists, evidenced by the blooming of colorful street murals.

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

Location & Language
Only 5 to 10 minutes from San Juan International Airport, Santurce is the vibrant, “oceanfront city” 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. With nearly 2.2 million people living in the greater San Juan area, the 8.7 square mile neighborhood of Santurce has a thriving population of more than 80,000.

Both English and Spanish are the official languages of the island. Those buying Puerto Rico real estate or Puerto Rico luxury rentals in Santurce will find most residents speak English, especially in the tourist-friendly neighborhood of Condado.

Real Estate Prices in Santurce
The median home value in Santurce, Puerto Rico real estate is an extraordinarily reasonable $146,400 USD. However, this median is drawn from across the varied 40 subbarrios of Santurce and does not reflect Santurce’s beachfront neighborhoods, where condos start from the mid-$200,000s USD. Prices for Puerto Rico luxury homes and condos in oceanfront Condado can reach $2-4 million USD, and could sell for significantly more in the future if recent trends continue. Expect to pay approximately $1,200 for 900-square foot Santurce, Puerto Rico rentals in neighborhoods near the beach. Loíza Street is one of the most desirable addresses for Puerto Rico luxury homes in Santurce.

Shopping & Dining
Luxury brands such as Ferragamo, Gucci, and Louis Vuitton are congregated in the chic, oceanfront Condado neighborhood of Santurce. Some of the preeminent local designers, such as Lisa Cappalli, have shops in Santurce. Harry Robles, the leader of women’s fashion in Puerto Rico, has an appointment-only shop on Loíza Street.

There are many dining options in Santurce, just steps from some of the best Puerto Rico rentals and Puerto Rico luxury homes. Some of the finest restaurants in Puerto Rico are in Condado, including Michelin-rated chef Juan José Cuevas’ opulent 1919 Restaurant. For more budget-friendly local options, La Casita Blanca and Bebo’s Café, both on Loíza Street, offer time-honored takes on Puerto Rican and Dominican cuisines.

Nightlife & Entertainment
Nightlife in Santurce centers on the iconic La Placita de Santurce (“La Placita”). A local farmers’ marketplace by day, this outdoor plaza turns into a moonlit salsa dancefloor every night and gets crowded with dancing locals on the weekends. La Placita is ringed by scores of bars and late-night eateries, offering local fare at local prices, making it one of the most popular nightlife spots in all of the Puerto Rico real estate market.

Santurce is also known for its world-class performing arts and fine arts institutions. The Museo de Arte de Puerto Rico (Puerto Rican Museum of Art) is a stunning collection of both local and international artists. The Museo de Arte Contemporáneo (Museum of Contemporary Art) boasts a worthy collection of modern and contemporary artists. And the Centro de Bellas Arts Luis A. Ferré, known as “the Lincoln Center of Puerto Rico”, is the most prestigious performing arts venue in Puerto Rico, and just steps from some of the best Puerto Rico luxury rentals in Santurce.

Outdoor Activities
Ocean Park beach is the wide, golden-sanded jewel of Santurce’s Atlantic beachfront. Even during the high tourist season, this huge public beach is relatively uncrowded. Strong trade winds coming in from the sea make this beach a popular spot for windsurfing and kitesurfing, and a cool place to soak up the sun.

Weather & Hurricanes
Santurce’s average temperature matches that of greater San Juan, at between 75 and 86 degrees Fahrenheit year-round. However, being right on the ocean, Santurce feels 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 Santurce, making cars a necessity. However, Uber is extremely common in the area, taking passengers from Santurce to anywhere in greater San Juan and points beyond. The Condado neighborhood is compact and highly walkable, as is Calle Loízo in Santurce, but other neighborhoods of Santurce may not be as convenient or 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 Santurce, Condado 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.

Greater Santurce boasts 18 additional private schools, including the Gersh Academy for autistic learners in Ocean Park. There are plenty of educational opportunities in Santurce, including International Baccalaureate schools, Catholic schools, and traditional K-12 charter schools, whether steps from the best in Puerto Rico luxury homes or more affordable Puerto Rico rentals.

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 Santurce 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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