Palmas del Mar house cuts ask to $1,299,900, twice its 2021 price
The five-bedroom house at 5 Harbour Lights Drive in Palmas del Mar, Humacao, now asks $1,299,900, down $200,000 or 13.3% from the $1,499,900 it had asked since it first came on the market in July. Even after the cut, the ask is more than twice the $595,000 the property sold for in May 2021, its last recorded sale.
Nearly four months at the first price
The house was first advertised on July 3, 2026, and every broker copy of the ad asked $1,499,900 through August and September. The first copies at $1,299,900 appeared on October 28, 2026.
Six of the nine broker copies still online show $1,299,900. Two copies last read before the cut, on October 15 and October 20, still show $1,499,900, and one site that dropped to $1,299,900 on October 28 went back to $1,499,900 on November 1.
The house and its lot
Built in 2003, the house has five bedrooms, 3.5 bathrooms and a two-car garage, with 2,377 sq ft (221 m2) of living space on a 0.68-acre lot of 2,752 m2.
The ad lists an upstairs balcony with ocean views, electric storm shutters throughout, a diesel generator and a yard of mature fruit trees. It gives annual association fees of $1,300 for Palmas del Mar and $300 for Harbour Lights.
Sales on the same street
Two houses on Harbour Lights Drive changed hands in late 2024. The house at 43 Harbour Lights Drive, on a 2,501 m2 lot, sold for $3,460,000 on November 12, 2024, more than double the $1,655,000 it sold for in July 2020.
The house at 80 Harbour Lights Drive, on a 3,318 m2 lot, sold for $1,900,000 on December 26, 2024. At $1,299,900, the Palmas del Mar house now asks less than either of those sales.
