Condado house on Avenida Magdalena sells for $3.3M, 37.5% over 2020
The house at 1206 Avenida Magdalena in Condado, Santurce, sold for $3,300,000 on a deed recorded on June 30, 2026. The seller was 1206 Magdalena LLC; the buyer is a private individual. The price is $900,000, or 37.5%, above the $2,400,000 the house sold for in 2020.
Three sales since 2015
The house sold for $812,500 on a deed recorded on June 5, 2015. It sold again for $2,400,000 on a deed recorded on March 6, 2020, this time to a company.
On March 16, 2025, that company passed the house to the seller in a deed that states the same $2,400,000. The property registry lists that deed as an assignment, not a purchase, so the 2020 price is the last sale before this one.
From a $10,500,000 ask to a $3,300,000 sale
The house was advertised for sale at $10,500,000 in January 2023. Later ads that year asked $6,800,000 and $5,750,000, and the last of them came down on January 31, 2024. Between August 2023 and July 2024 it was also advertised for rent at $18,000 to $20,000 a month.
The house returned to the market on September 12, 2025, at $3,950,000. It sold for $650,000, or 16.5%, below that ask. The house next door, at 1204 Avenida Magdalena, has been advertised for sale at $4,200,000 since October 17, 2026.
On April 27, 2026, two months before the sale, a single permit application for a short-term rental was filed under the seller's name. It is incomplete.
