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“Diamond in the Rough”

“LA PARGUERA” THE ENCHANTED ISLAND LAJAS, PUERTO RICO. “Diamond in the Rough”. Cabo Rojo, Puerto Rico . coordinates. south . 17 59’32.78”N 67 12’47.10”w.

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“Diamond in the Rough”

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  1. “LA PARGUERA” THE ENCHANTED ISLAND LAJAS, PUERTO RICO “Diamond in the Rough” Cabo Rojo, Puerto Rico

  2. coordinates south 17 59’32.78”N 67 12’47.10”w LOCATION: Southwest side of the island. To the north of the island is the North Atlantic Ocean, and to the south is the Caribbean Sea. Also, Puerto Rico is east of the Dominican Republic and west of the Virgin Islands.

  3. Size - The property is 180 “cuerdas” (approximately 162 acres). Dimensions- The length is 1,493 feet x width 1,458 feet. Zoning - Selective Touristic Development. Permits - None at the moment. As of January 2010, a new law was approved to streamline and expedite the permit process. Actual use - Vacant – raw land. Best use - Tourist – residential development. Facilities- Adjacent to the property.

  4. Deepest point of the Atlantic ocean.

  5. PORTA DEL SOL Tax Incentives Up to 90% exemption on income tax Up to 90% exemption on property tax Up to 100% exemption on construction tax Up to 100% exemption on municipal tax Up to 100% exemption on excise tax

  6. FINANCING AVAILABLE Government development bank Owners Private Banks PRICE AVAILABLE UPON REQUEST

  7. COMPARABLES Joyuda 7 acres - $5M Combate 6.3 acres - $3.5M La Parguera 4,482 meters - $120K Cabo Rojo .61 acres - $1.8M Rio Mar Beach 10.76 acres - $23.7M Rio Mar Beach 4.55 acres - $13.6M Rio Mar Beach .96 acres - $2.4M Rio Mar Beach 6.12 acres - $18.5M Santurce .23 acres - $1.3M

  8. Santurce 72 miles to La Parguera • Joyuda • 12 miles • To La Parguera • CaboRojo • 12 miles to • La Parguera • Rio Mar Beach • 83 miles to La Parguera • Site • La Parguera

  9. Property Features Ocean Frontage, 13 acres Touristic Area (Phosphorescent Bay) Beautiful Ocean Views and Reefs Access to Three Major Airports Close to Major Universities Possible Project Developments: Hotels, Casinos, Retail Businesses, Condo-Hotels, Resorts, Residential Gated Communities…

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