Water Views
Address
San Sebastian St Old San Juan 259 & 261, SAN JUAN, PR
Price
$ 4,395,000
Property Attributes
  • MLS#PR9123935
  • TypeCommercial
  • Listing Status Active
  • CountySan Juan
  • CitySAN JUAN
  • AreaSan Juan
  • NeighborhoodSAN JUAN ANTIGUO
  • Zip00901
  • StyleMulti Family (5+)
  • Year Built1921
  • Price$ 4,395,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6538
  • Lot Size0.12 Acres
Data Source:
Stellar MLS
Property Description

A rare opportunity to acquire a historic estate and income-producing hospitality property in the heart of Old San Juan. Spanning approximately 6,538 square feet across 259–261 Calle San Sebastián, this extraordinary property combines the scale and character of a grand private residence with flexible guest accommodations and an established hospitality operation. The property offers 12 bedrooms and 10 bathrooms, expansive living and entertaining areas, a large contemporary kitchen, dramatic arched corridors, soaring ceilings, traditional architectural details, interior courtyards, and preserved historic elements that reflect the unmistakable character of Old San Juan. Among its most distinctive features are the property's preserved historic ruins, incorporated into the courtyard and architecture as a striking connection to Old San Juan's past. Rather than simply occupying a historic district, the property preserves architectural elements that give the estate a character that cannot be replicated in new construction. Designed around indoor-outdoor Caribbean living, the estate enjoys Atlantic Ocean views, partial views of El Morro, and views of cruise ships entering San Juan Bay, complemented by outdoor and wellness areas including a hot tub and cold plunge. The property's unique configuration provides exceptional flexibility and may be envisioned as a private Old San Juan estate, multigenerational family compound, residence with private guest accommodations, or income-producing hospitality property, subject to applicable permits and regulations. Separate loft-style and studio-style accommodations provide additional possibilities for guests, extended family, staff, offices, or hospitality use. The property also has an established history as an income-producing hospitality asset, offering a compelling combination of lifestyle and investment potential. Financial and operating information may be made available to qualified prospective buyers. Adding significant value, the property has received Institute of Puerto Rico Culture approval for a 10-year property-tax exemption associated with its historic restoration and preservation. The property has also undergone Puerto Rico Tourism Company review in connection with tourism-related incentives. Prospective buyers should independently verify the current status, remaining term, applicability, and transferability of all exemptions, incentives, permits, and approvals. Located on iconic Calle San Sebastián, surrounded by the architecture, restaurants, cultural landmarks, and attractions of Old San Juan, this offering represents a rare opportunity to acquire a substantial historic property combining architecture, history, ocean views, lifestyle, hospitality potential, and income generation in one of the Caribbean's most recognized historic destinations.

Price History
9/24/2026 Listed $4,395,000

General Features

Sewer Private Sewer
Heating Other
Cooling Mini-Split Unit(s)
Utilities Electricity Available,Emergency Power,Water Connected
Roof Cement,Concrete
Appliances Dishwasher,Dryer,Microwave,Refrigerator,Washer
Zoning RESI
Security Features Fire Alarm,Smoke Detector(s)
Construction Materials Block,Brick,Concrete
Year Built 1921
Levels Multi/Split
Unit Number 259 & 261
Property Subtype Multi Family (5+)
Ownership Fee Simple
Gross Income 400000
Additional Parcels Description 022-092-007-05-001
County San Juan
New Construction false
Property Type Commercial Sale
Subdivision Name SAN JUAN ANTIGUO
Status Active
Directions From Luis Muñoz Marín International Airport, take PR-26 toward San Juan. Follow signs to Old San Juan and cross into the historic district. Enter through Calle San Justo, continue to Calle San Sebastián, and proceed to the property location. Street parking is available nearby, with public parking garages close by.
City SAN JUAN
Body of Water ATLANTIC OCEAN
Number Of Units Total 10
MLS Area 00901 - San Juan
Lot Size Units Square Feet
Lot Size Square Feet 5285
Listing Terms Cash,Trade
Property Condition Completed
Additional Parcels Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/PR9123935
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Legal Description URBANA: Solar radicado en la Ciudad de San Juan, Puerto Rico, situado en la Calle San Sebastián, con estructura existente y colindancias según Registro de la Propiedad. Incluye dos propiedades identificadas como Property A y Property B.
Water View Bay/Harbor - Partial,Gulf/Ocean - Full
Water Access Y/N false
Water View Y/N true
Flood Zone Code Zone X
Flood Zone Code X Yes
DockY/N false

Interior Features

Basement Bath/Stubbed,Finished,Other
Flooring Granite,Marble,Other
Air Conditioning Y/N true
Heating Y/N true
Window Features Double Pane Windows
LivingAreaSource Estimated

Exterior Features

Lot Features Historic District
Water Source Public
Lot Size Area 5285
Foundation Details Basement,Block,Brick/Mortar
Number of Buildings 2
Building Area Total 10075
Lot Size Acres 0.12
Road Surface Type Brick
Waterfront Y/N false
Number of Separate Water Meters 1
Number of Separate Electric Meters 2
Road Frontage Type Other
Number of Lots 2

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 00901

Price
AVG $3.36M
$4.4M
Year Built
AVG 1896
1921