The Icon, located in the heart of Condado—San Juan's most prestigious neighborhood—is a beacon of modern luxury and architectural brilliance. This boutique residential development is set to elevate Puerto Rico’s real estate landscape, offering an exceptional blend of opulence, comfort, and urban sophistication. With its prime location and thoughtfully crafted design, The Icon promises an unmatched living experience in one of the Caribbean’s most sought-after destinations.
This luxury property stands out among the most exclusive condos for sale in the region, setting a new standard for Puerto Rico's luxury real estate. In this article, we’ll explore what makes The Icon a standout in Puerto Rico’s luxury market—from its vibrant community setting and visionary developers to its premium amenities and role in the island’s evolving real estate trends.
The Community: Condado's Vibrant Tapestry
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Condado is renowned for its cosmopolitan flair, pristine beaches, and a rich tapestry of cultural, culinary, and recreational offerings. Residents of The Icon will immerse themselves in a neighborhood boasting upscale boutiques, gourmet restaurants, art galleries, and a lively nightlife scene. The area's walkability ensures that daily conveniences and leisure activities are just steps away, fostering a lifestyle of ease and engagement.
Moreover, Condado's strategic location provides seamless connectivity to San Juan's financial district, historic Old San Juan, and the Luis Muñoz Marín International Airport, making it an ideal locale for both local professionals and international investors. Condado is a focal point for Puerto Rico real estate, particularly among buyers searching for upscale condos for sale that offer both lifestyle and long-term investment value.
The Visionaries Behind The Icon
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The Icon is the brainchild of RioBlanco Capital LLC, a real estate investment firm with a track record of successful developments, including the fully sold-out Le Parc project. Their commitment to excellence is evident in every facet of The Icon's conception and execution. Together, this team has created a new construction project that exemplifies the evolution of luxury condo for sale options in Puerto Rico.
Collaborating with RioBlanco Capital are esteemed partners:
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Jota Arquitectos: Tasked with the building's distinctive architecture, they bring a modern aesthetic that complements Condado's urban landscape.
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Palacios: Responsible for the refined interiors, Palacios infuses each residence with elegance and functionality.
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Corcoran Puerto Rico: Leading the sales and marketing efforts, ensuring that The Icon reaches discerning buyers seeking luxury living in Puerto Rico.
Anticipated Completion and Investment
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With an investment exceeding $70 million, The Icon is currently under construction and has already achieved over 50% in unit reservations, a strong indicator that the price point reflects both exclusivity and market demand. While the exact completion date has not been publicly disclosed, the project's momentum suggests a timely delivery, aligning with the developers' reputation for efficiency and quality.
Amenities and Special Features: A Lifestyle of Distinction
The Icon offers an array of meticulously curated amenities designed to cater to the most discerning residents looking for luxury condos for sale in Puerto Rico:
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Residences: The building comprises 30 two- to four-bedroom residences, each featuring floor-to-ceiling windows that frame stunning ocean and city skyline views. Spacious layouts, ranging from 1,500 to over 2,800 square feet, provide ample room for relaxation and entertainment. Although The Icon does not currently include studio units, its spacious two- to four-bedroom layouts appeal to buyers seeking elevated living without sacrificing privacy.
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Kitchens: Gourmet kitchens are outfitted with Italian Boffi cabinetry and high-end Monogram appliances, including integrated refrigerators, five-burner cooktops, dishwashers, wall ovens, and wine refrigerators, ensuring a culinary experience par excellence.
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Bathrooms: Primary bathrooms serve as serene retreats, adorned with natural stone materials, Kohler fixtures, and elegant textures that evoke a spa-like ambiance.
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Amenities: Spanning 5,000 square feet across three levels, the amenity spaces include:
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A grand lobby with 24-hour concierge service
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A state-of-the-art fitness center
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A business lounge for professional engagements
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A children's playroom designed for active play and celebrations
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A rooftop terrace featuring a pool, enclosed lounge, outdoor kitchen, and grill area, perfect for entertaining family and friends against the backdrop of panoramic views
Market Trends and The Icon's Significance
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The Icon's emergence coincides with a broader trend of luxury developments reshaping Puerto Rico's real estate market. The island's favorable tax incentives, particularly Act 60, have attracted high-net-worth individuals and investors, fueling demand for upscale residences.
The Icon's pre-sales success underscores this demand. A significant portion of buyers were local Puerto Ricans, reflecting a growing appreciation for luxury urban living within the local community. This trend signifies a shift towards modern, amenity-rich residences offering comfort and prestige.
Puerto Rico Luxury New Constructions and Properties for Sale
For those seeking additional options beyond The Icon, Christie's International Real Estate Puerto Rico offers a curated portfolio of luxury properties for sale to help you find the right residence for your lifestyle and investment goals, including newly constructed residences in prime locations. These listings showcase the finest in contemporary design, world-class amenities, and investment potential—be sure to check current availability and pricing for newly released units.
The Vanderbilt Residences
The Vanderbilt Residences in San Juan's Condado district offer 66 oceanfront luxury homes, ranging from one to five bedrooms, designed with expansive glass walls to capture breathtaking views. Each residence features Poliform kitchens, smart home automation, and elegant bathrooms, providing a sophisticated living experience in Puerto Rico's premier neighborhood.
The Ritz-Carlton Reserve La Cala Residences
La Cala, a Ritz-Carlton Reserve Residences enclave within Dorado Beach Resort, offers 14 ultra-luxury beachfront estates featuring contemporary architecture, lush landscaping, and seamless indoor-outdoor living. These exclusive homes represent the pinnacle of resort living in Puerto Rico, combining elegant design with state-of-the-art technology in a serene coastal setting.
The Ritz-Carlton Reserve Livingston Estates
The Ritz-Carlton Reserve Livingston Estates is an exclusive lakefront community within Dorado Beach Resort, offering just seven ultra-luxury residences along the serene Mata Redonda Lagoon. Each estate features a private dock, expansive living spaces, and seamless indoor-outdoor design, providing residents with a tranquil and sophisticated waterfront lifestyle in one of Puerto Rico's most prestigious settings.
Conclusion: The Icon as a Paradigm of Modern Luxury
The Icon stands as a testament to Puerto Rico's evolving condominium real estate landscape, embodying a fusion of architectural innovation, luxurious amenities, and a prime location. For those seeking a residence that offers both the vibrancy of urban living and the tranquility of coastal views, The Icon presents an unparalleled opportunity.
As Condado continues to thrive as a hub of culture, commerce, and leisure, The Icon is poised to become not just a residence but a landmark of modern luxury in Puerto Rico. At Christie's International Real Estate Puerto Rico, we proudly represent premier developments like The Icon and support clients looking to buy, sell, or rent their properties across the island. Let us guide you through your next real estate journey with personalized service and a portfolio of the finest luxury homes available.
Contact our team to get more information about available floor plans and pricing options for The Icon.
FAQs
What makes Condado one of the most desirable locations for luxury condos in Puerto Rico?
Condado offers a rare combination of beachfront living, walkable urban convenience, and proximity to top-tier private schools, hospitals, and international business hubs. Its leisure and infrastructure blend attracts local professionals and international investors seeking long-term value in Puerto Rico's most cosmopolitan district.
Can foreign buyers purchase luxury condos like The Icon in Puerto Rico without restrictions?
Yes, Puerto Rico follows U.S. property laws, allowing foreign nationals to purchase real estate, including luxury condos like The Icon, without special permits or restrictions. This ease of ownership and favorable tax incentives make Puerto Rico a strategic choice for global investors.
How does owning a unit at The Icon compare to other luxury real estate investments on the island?
The Icon’s boutique scale, curated design, and location in the heart of Condado set it apart from larger resort-style communities. While resort residences often emphasize seclusion and amenities, The Icon appeals to buyers looking for an urban, lock-and-leave lifestyle with high appreciation potential in a thriving rental market.
What kind of property management or rental services are typically available for luxury condos in Puerto Rico?
Many luxury condo developments, including The Icon, either offer or partner with property management firms to provide services such as concierge support, maintenance, and short- or long-term rental management. This is ideal for non-resident owners who want to generate passive income or maintain their property hassle-free.
