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    Architectural Gem with Ocean Views Title is generated by Realmo AI

    La Joya km 5.9, Rincon 00677

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    Claim this Listing
    For Sale
    $2,850,000

    Multi-Unit (2-4) - Puntas, PR

    Property size:
    3,260 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $874/SF
    Added:
    Jan 29, 2026
    Days on Market:
    130
    Last Refresh:
    Jun 8 at 6:06 am

    Property Features for La Joya km 5.9

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    6
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bonus Room, Den, Dining Room, Family Room, Living Room
    Parking features
    Garage, Garage - Attached
    Pool private
    1
    Exterior features
    Pool, Outdoor Shower
    Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Washer
    Standard status
    Active
    Size
    3,260 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Propane (Heating)

    Building Details

    Year built
    2016
    Year renovated
    2016
    Floors in Building
    4
    Flooring type
    Tile
    Architectural style
    Other

    We can help!

    Listing Contact
    Aida Muniz

    Listing agent Aida Muniz

    Listing office Muniz & Muniz Realty Kings Court 78, San Juan

    Listing date Jan 29, 2026

    MLS# 11637412 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Uninterrupted ocean and sunset views from an acre of land in La Joya, Rincón.
    • Designed by renowned architect Sarah Strauss with seamless indoor‑outdoor living.
    • Currently configured as a three‑unit property ideal for multi‑generational living or income generation.
    • Resort‑style saltwater pool and outdoor kitchen perfect for entertaining.
    • Expansive terraces (3,310 sq ft) on each level maximize outdoor living.
    • 3,260 sq ft of gross living area with clean, minimalistic interior design.

    Overview

    This architectural gem, designed by renowned architect Sarah Strauss, is located in La Joya, Rincón, on an acre of land. The property offers uninterrupted ocean and sunset views. The design emphasizes natural light, cross ventilation, and indoor-outdoor living. The residence features 3,260 square feet of gross living area, complemented by 3,310 square feet of expansive terraces. Configured as a three-unit property, each residence offers privacy, independent living, and access to terraces with ocean views. The main home features 3 bedrooms and 2.5 bathrooms, including a full kitchen, dining, and living area, and a private driveway. Unit 2 offers a studio with a kitchenette and bathroom, while Unit 3 includes 2 bedrooms, 1 bathroom, a full kitchen, and a living room. Each unit has its own outdoor space. The property is suited for multi-generational living or as an income-producing investment. The terraces invite relaxation and entertainment, while the saltwater pool and outdoor kitchen create a setting for gatherings. Additional features include an enclosed car garage, expansive terraces on each level, space for expansion, and architectural details. This property offers versatility and investment potential in one of Rincón's most desirable areas. It is designed for coastal modern luxury and island living. The property is located in Puntas.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Map

    City
    Rincon
    County
    Guaynabo
    State
    Longitude
    -67.249411
    Latitude
    18.353568

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    FAQs

    What type of property is this?
    Triplex - Multi-unit property in Rincón with ocean views and income potential.
    Where is this triplex located?
    The property is located at La Joya km 5.9 Rincon.
    What is the asking price?
    The asking price for this property is $2,850,000.
    What are key features of this property?
    This property features: Uninterrupted ocean and sunset views from an acre of land in La Joya, Rincón.; Designed by renowned architect Sarah Strauss with seamless indoor‑outdoor living.; Currently configured as a three‑unit property ideal for multi‑generational living or income generation.
    (787) 667-7384
    We can help!
    Listing Contact
    Aida Muniz
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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