Cond. Montemar 101, Ocean Drive, PR
Stellar MLS

$325,000

Cond. Montemar 101, Ocean Drive

Luquillo, PR 00773

Active
2
Beds
2
Baths
0
Sq Ft
0.18
Acres
2004
Built
360° tour
Condominium

Property type

2004

Year built

762 sqft

Lot size

No HOA

HOA dues

1

Day on market

X

Flood zone

About this home

Turnkey in Luquillo! 2-Level Income-Generating Apartment Steps from Playa Azul Can you imagine owning a property where the sound of the ocean meets high profitability? Located on the highly coveted Ocean View Street in Luquillo, this spectacular two-story apartment is the perfect definition of a smart investment and an enviable coastal lifestyle. Just a 3-minute walk and you will find yourself immersed in the magic of Playa Azul: a paradise of palm trees, golden sand, and that vibrant beach life that locals and tourists alike are constantly searching for. An Active and Profitable Business: This apartment is not just a property; it is an active, ongoing business. It currently operates with great success on the Airbnb platform, boasting a solid track record of consistent income generation. Ready to Generate Revenue: Sold fully furnished and equipped. You don't have to waste time or money decorating; from the very day of closing, this property keeps producing for you. Two-Level Design: A modern, fluid layout that provides privacy, comfort, and that spacious feel that short-term guests consistently rate with 5 stars. ?? Prime Location: Luquillo is the capital of coastal tourism in the northeast. Being on Ocean View Street places you right at the epicenter of demand: close to the famous Luquillo Kiosks, El Yunque Rainforest, and with direct access to one of the most beautiful beaches in Puerto Rico. The Key Benefit: Frictionless investment. Buy today, receive income tomorrow, and enjoy paradise whenever you want.

Local Insight

This beachfront condo is priced aggressively for its 2004 build and missing square footage data is a red flag—you'll want that spec sheet before committing, especially at this price point. The no-HOA structure is unusual for a condo and could mean shared maintenance costs are handled differently, so clarify what's actually covered and what falls on you as an owner. Location-wise, you're getting direct ocean access in Luquillo, but factor in Puerto Rico's hurricane exposure and the property's age when evaluating long-term maintenance and insurance costs.

AI-generated insight based on listing data and neighborhood context. Verify independently.

Estimated monthly payment

Principal & interest$1,643
Property taxes$298
Home insurance (est.)$149

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history1 days on market

  1. Status: Active
    Jun 4, 2026
  2. Listed$325,000
    Jun 4, 2026
  3. Price increased$325,000

Virtual Tour

Facts & features

Property type
Residential
Sub type
Condominium
Status
Active
Days on market
1
Subdivision
Montemar
County
Luquillo
Year built
2004
Living area
0 sq ft
Building area
878 sq ft (Estimated)
Lot size
762 sq ft
Lot category
0 to less than 1/4
Flood zone
X
Parcel #
092-075-002-06-001
Zoning
RT-4
MLS #
PR9121658

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Interior Details

Bedrooms
2
Full bathrooms
1
Half bathrooms
1
Flooring
Other
Appliances
Cooktop, Electric Water Heater, Microwave
Interior features
PrimaryBedroom Upstairs
Laundry
Inside
Stories / Levels
Two
Direction faces
North

Heating & Cooling

Heating
None
Cooling
Mini-Split Unit(s)

Parking

Carport
Yes

HOA & Financial

Total monthly fees
$50/mo
Total annual fees
$600
HOA name
Luis Rivera
Min lease term
No Minimum
Listing terms
Cash, Conventional
Ownership
Condominium
Available for lease
Yes
Lease restrictions
No

Exterior & Construction

Exterior features
Garden, Courtyard, Balcony, Private Yard
Construction materials
Block
Roof
Concrete
Foundation
Block
Road surface
Asphalt

Utilities

Sewer
Public Sewer
Water source
Private
Utilities
Electricity Available

Community

Pets allowed
Yes

Room Details

RoomLevelDimensions
Bathroom 1Second
Primary BedroomSecond
Bedroom 2Second
Dining RoomFirst
KitchenFirst
LaundrySecond
Balcony/Porch/LanaiFirst
Living RoomFirst

Listing Details

Listing date
2026-05-30
On market date
2026-06-04
Original list price
$325,000
Occupant type
Vacant
MLS area
00773 - Luquillo
Listing AOR
Puerto Rico
Status changed
2026-06-04

Flood risk

Minimal riskFEMA Zone X

Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

Toma carretera Ocean Drive, apartment lo quedará a mano derecha

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MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of June 5, 2026 at 6:53 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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