Condado is Puerto Rico’s most recognizable urban-beach luxury district—an elegant ribbon of high-rise condos, landmark hotels, and walkable city life running along Ashford Avenue. Set between Old San Juan and Isla Verde, it offers a rare mix: direct Atlantic frontage on one side, the calm waters of Condado Lagoon on the other, and San Juan’s cultural and business core just minutes away. This is the neighborhood buyers picture when they think “turnkey Puerto Rico luxury real estate,” and it consistently draws second-home owners, Act 60 relocators, and investors who want prime location plus year-round demand.
Lifestyle That Keeps Condado Premium
Condado’s value is tightly linked to how easy it is to live well here. The district is one of the most pedestrian-friendly parts of Puerto Rico, with dining, wellness, boutiques, and beach access stitched into a compact, high-style grid. Luxury hotels such as Condado Vanderbilt and La Concha shape the area’s five-star energy, anchoring restaurants, spa culture, and nightlife that spill into everyday residential life.
Residents balance ocean days with city convenience. Mornings can start with a swim on Condado Beach, a walk along Ashford, or paddleboarding in Condado Lagoon; afternoons shift to cafés, galleries, or quick commutes into Miramar’s business district and Old San Juan’s historic core. Condado also sits close to top private schools, major hospitals, and the Luis Muñoz Marín International Airport corridor, making it easy for families and frequent travelers to plug into island life immediately.
Condado highlights residents count on:
-
Condado Beach + Atlantic promenade for daily swimming and sunset walks
-
Condado Lagoon for kayaking, paddleboarding, and calmer water sport days
-
Ashford Avenue dining, boutiques, cafés, and luxury services steps from home
-
Landmark hotels (Vanderbilt, La Concha) shaping the neighborhood’s resort-grade atmosphere
The Luxury Inventory: High-Rise, Low-Friction, Iconic Views
Condado is primarily a luxury condo and penthouse market. Inventory ranges from classic mid-century towers with sweeping balconies to newer or fully renovated buildings with concierge services, pools, generators, and hotel-style security. The most prized homes sit oceanfront or high enough to capture unobstructed Atlantic and skyline views—features that remain scarce by nature in a built-out coastal corridor.
Pricing reflects Condado’s status as the island’s most established luxury strip. Recent market snapshots place median listings at around $1.8M, with median price per square foot near $818. Premium and direct-oceanfront units often trade higher, commonly in the $800–$1,200/SF range, with trophy product pushing beyond that depending on building, view corridor, and renovation quality.
What buyers get for those numbers is clear: walk-to-everything living, international-level finishes, and a neighborhood that functions like a private resort without giving up city vitality.
Investment Logic and Rental Strength
Condado’s rental promise comes from two overlapping demand engines: tourism and business/medical travel. Hotels keep visitor traffic flowing, while proximity to San Juan’s offices, hospitals, event venues, and Old San Juan sustains steady shoulder-season occupancy. High-quality, well-located condos with ocean views and strong building amenities tend to command premium nightly and monthly rates compared with most other Puerto Rico submarkets.
Short-term rental potential is real, but it’s building-specific. San Juan STR operators typically need proper permits through OGPe, and condo rules can restrict rentals under a certain day threshold. For owners aiming to rent, confirming HOA bylaws and intended-use policies is essential before closing. Rentals under 90 days also fall under Puerto Rico’s room-occupancy tax framework.
In short: Condado is one of the island’s strongest luxury rental corridors—when the property and building align with your use plan.
How Christie’s International Real Estate Puerto Rico Supports Condado Buyers
Condado is nuanced. Two condos on the same avenue can price differently based on elevation, view protection, generator capacity, water systems, HOA reserves, and renovation pedigree. The Christie’s International Real Estate Puerto Rico team helps clients navigate those micro-factors with precision and discretion.
Our role includes:
-
Curating the best on-market and off-market Condado opportunities.
-
Pricing guidance rooted in true building-level comparables and PPSF context.
-
Due diligence on HOA rules, STR allowances, resilience infrastructure, and renovation scope.
-
A concierge network of lenders, architects, designers, and property managers for smooth acquisition and ownership.
For buyers seeking Puerto Rico luxury real estate that blends beachfront living with cosmopolitan energy, Condado stays the benchmark—and our team is here to secure the right residence with clarity and confidence.
