Montehiedra Reserve property sells for $2,724,110 in San Juan
A property in Montehiedra Reserve, a single-family home project off Avenida Montehiedra in Caimito, San Juan, sold to a private buyer for $2,724,110 in a deed recorded on July 29, 2026. The seller is the developer, Desarrollos Mdg LLC.
Permits describe the project as 30 single-family homes with common and recreational areas, in a filing of October 18, 2022 recorded as approved. A segregation plan filed on June 23, 2026, also recorded as approved, divides a first phase into 12 lots for residential sale and a second phase into two more.
How the developer got the land
A notice of lawsuit was recorded against the land in 2015, and an annotation of judgment on September 23, 2020. On November 25, 2020, the developer took the site and the tract next to it in a deed in lieu of payment recorded at $10,000,000, and it consolidated the land in a deed recorded on June 2, 2022.
No earlier market sale of the site is recorded to set beside this price.
Homes moving toward occupancy
On the day the sale was recorded, use permits were filed for residences 7, 8, 9 and 16: two are recorded as approved and two are under inspection. Use permits for residences 10 and 11, filed on September 14, 2026, and for residences 12 to 15, filed on October 21, 2026, are recorded as approved.
Another house in the project, residence 15, a four-bedroom home, has been advertised at $3,900,000 since December 21, 2024 and is still for sale.
Across Caimito, the median price of sale deeds recorded in the 12 months to November 7, 2026 was $285,000.
