3 MALAGA STREET UNIT OCEAN PARK

Under contract-accepting backup offers. Elegant Investment Opportunity – Ocean Park Beachside Residence
Offered at: $1,500,000
(No Owner Financing Available)

Just steps from the golden sands of Ocean Park Beach, this distinguished residence offers the perfect blend of coastal tranquility and urban sophistication. Located within one of San Juan’s most exclusive gated beach communities, the property enjoys a prime location near Condado, Isla Verde, boutique hotels, fine dining, gourmet markets, top schools, and premier medical facilities.

Situated on a 609 m² lot, this single-story home spans approximately 3,800 square feet and features six spacious bedrooms and three-and-a-half bathrooms. The open-concept kitchen flows into a breezy backyard ideal for relaxing or entertaining. A detached two-bedroom guesthouse with a full bathroom and private street access provides added flexibility for guests, extended family, or passive income.

This home could easily be elevated into a true architectural gem with thoughtful design and renovation. Its solid footprint offers the potential to expand vertically and double the existing square footage, dramatically enhancing functionality and long-term value.

Offered fully furnished and turnkey for $1,500,000, the property is ready for immediate occupancy or short-term rental operation. With single-family homes in Ocean Park selling for $4 to $6 million, this is a rare chance to buy, live, and benefit from the price appreciation in San Juan’s most coveted beach neighborhood.

Highlights:

Prime location in Ocean Park’s gated beach community

6BR/3.5BA main residence + 2BR/1BA guesthouse

Fully furnished and move-in ready

Expansion potential to a second level

Safe, quiet, walkable neighborhood near the beach

Ideal for upscale living or high-performing rental

No owner financing available

Qualified buyers only.
Proof of funds (POF) and a mortgage pre-approval letter are required to coordinate private showings.
Motivated seller – Best Value Proposition in Ocean Park.
Add a touch of sophistication, and this could be a true gem.