Third Vision pays $1,600,000 for Varenna housing site in Guaynabo
Third Vision, LLC paid $1,600,000 for 10,187 m2 of land in Hato Nuevo, Guaynabo, in a sale deed recorded on September 25, 2026. The seller, Hmm Group Corp., had bought the land for $630,000 in a deed recorded on June 30, 2021.
The Varenna project
The land is the site of Varenna, a single-family housing project the seller filed with the permits office in 2021. A consolidated construction permit for it was approved on December 22, 2023, and a construction consultation on March 5, 2024.
The filings continued with an infrastructure recommendation request on April 3, 2025 and a request for an extension or reopening on August 5, 2026. A new infrastructure recommendation request, under the name Urbanizacion Varena, followed on August 11, 2026, weeks before the sale.
The lot is classed as urban land in the Puerto Rico Land Use Plan and zoned R-I, an intermediate-density residential district where different types of housing are allowed.
Land sales in Guaynabo
In the 12 months from November 2024 to October 2025, seven land sale deeds were recorded in Hato Nuevo, at a median price of $165,000. Across Guaynabo, 31 land sale deeds were recorded at a median of $60,000.
Sellers list 39 lots for sale in Guaynabo today, at a median asking price of $150,000.
