Condado

Condado is the Miami-of-the-Caribbean strip where San Juan's wealth concentrates: glass condo towers face the Atlantic, Ashford Avenue strings together luxury hotels, chef-driven restaurants, and high-end retail, and the beach is steps from every lobby. It is the default landing pad for Act 60 relocatees who need a documented primary residence in a full-service building, which keeps demand structurally tight. The investment case is scarcity plus residency demand. Condado prices have climbed 38%-65% since 2020, with oceanfront condos commonly $700,000 to well over $2M and premium new-build penthouses far higher. After the 2021-2023 surge, 2026 offers a more rational entry point, though appreciation continues at the luxury segment's 6%-14% pace. Long-term yields are modest near 4%, but furnished executive and short-term rentals to relocatees and tourists lift effective returns meaningfully.

Condado in San Juan, Puerto Rico, Puerto Rico