1. Puerto Rico
2. San Juan
3. 3 MALAGA STREET OCEAN PARK

3 MALAGA STREET OCEAN PARK, San Juan, PR 00911

• 6 beds |
• 4 baths |
• 3,800 sqft

Property Description

Under contract-accepting backup offers. Elegant Investment Opportunity – Ocean Park Beachside Residence Offered at: $1,500,000 (No Owner Financing Available) Just steps from the golden sands of Ocean Park Beach, this distinguished residence offers the perfect blend of coastal tranquility and urban sophistication. Located within one of San Juan’s most exclusive gated beach communities, the property enjoys a prime location near Condado, Isla Verde, boutique hotels, fine dining, gourmet markets, top schools, and premier medical facilities. Situated on a 609 m² lot, this single-story home spans approximately 3,800 square feet and features six spacious bedrooms and three-and-a-half bathrooms. The open-concept kitchen flows into a breezy backyard ideal for relaxing or entertaining. A detached two-bedroom guesthouse with a full bathroom and private street access provides added flexibility for guests, extended family, or passive income. This home could easily be elevated into a true architectural gem with thoughtful design and renovation. Its solid footprint offers the potential to expand vertically and double the existing square footage, dramatically enhancing functionality and long-term value. Offered fully furnished and turnkey for $1,500,000, the property is ready for immediate occupancy or short-term rental operation. With single-family homes in Ocean Park selling for $4 to $6 million, this is a rare chance to buy, live, and benefit from the price appreciation in San Juan’s most coveted beach neighborhood. Highlights: Prime location in Ocean Park’s gated beach community 6BR/3.5BA main residence + 2BR/1BA guesthouse Fully furnished and move-in ready Expansion potential to a second level Safe, quiet, walkable neighborhood near the beach Ideal for upscale living or high-performing rental No owner financing available Qualified buyers only. Proof of funds (POF) and a mortgage pre-approval letter are required to coordinate private showings. Motivated seller – Best Value Proposition in Ocean Park. Add a touch of sophistication, and this could be a true gem.

Listing Status:

Pending

Date Added:

May 25, 2023 at 05:00AM

Listing Office:

PUERTO RICO CORPORATE RENTALS : 787-525-4364

Listing Agent:

VICTOR ALONSO VEGA : 787-525-4364

MLS ID:

PR9100377

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This listing courtesy of VICTOR ALONSO VEGA, PUERTO RICO CORPORATE RENTALS