Considered one of the most beautiful land plots on the island, Finca Campo Alegre is a singular estate located in Cidra, Puerto Rico, with an extension of approximately 357 developable cuerdas (equivalent to 347 acres and 1.4 million square meters) of which one third borders the spectacular and well known Cidra Lake. Its terrain is a combination of beautiful plains, captivating rolling hills and gallery forests (see Note 1 below) throughout its extension, that provide exuberant and breathtaking panoramic views, bestowing an unparalleled sense of serenity and balance.
This countryside property, situated within a 35-minute drive from the capital city of San Juan, offers a much cooler climate than the metropolitan area, lowering to 60'sº Fahrenheit (15'sº Celsius) at night. This temperature climate adds an additional allure to the area.
The zoning for most of the property allows for the development of residential single family/multifamily use as other development types.
Seventy percent of the property has a Site Consultation Approval for development of a mixed-use project consisting of 540 housing units, a floating dock on the lake and an additional commercial area. This beautiful estate could also be ideal for other purposes such as: a luxury hotel with a golf course, a country club with tennis courts, a retirement complex for the elderly, an ecotourism project, an area for stables and horseback riding and/or the construction of deluxe homes with unparalleled views of Cidra Lake, all this due to its diverse terrain topography.
Several Tax incentives programs may apply such as those offered by: the United State Federal Government (Opportunity Zone Program), the Commonwealth of Puerto Rico (Known as the "Puerto Rico Incentives Code" for Opportunity Zones, Green Energy, Tourism and others).
(Note 1-Forest that form as corridors along rivers or wetlands and projects into landscapes that are otherwise only sparsely treed).
See video attached!
Courtesy of PROPERTY TECH P.S.C., Francisco Berrios,
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Data last updated 3/26/23, 5:52 PM UTC