San Juan house resold for $1,685,000, nearly triple its 2024 price
Ipanema LLC sold the house at 1704 Calle Crisantemo in Urbanización San Francisco, Monacillo Urbano, San Juan to a private buyer for $1,685,000 in a deed dated July 31, 2026. The company had paid $565,000 for the house on June 28, 2024, so it sold for 198.2% more, a gain in price of $1,120,000 in just over two years.
A remodel between the two sales
A construction permit for the house is dated September 26, 2024, 90 days after the company's purchase, and is approved. It covered a remodelled facade and reconfigured interiors, new doors, windows, bathroom fixtures and tiles, interior and exterior paint, new block walls, and electrical and plumbing work.
The house was first advertised for sale on April 18, 2026, asking $2,260,000. The advertisements describe four bedrooms, four full bathrooms and a half bathroom, 5,000 square feet of living space and a construction year of 1981, on a lot the deed gives as 806.6 square metres.
The sale deed came 104 days after that first advertisement, at a price $575,000, or 25.4%, below that first asking price. When the advertisements were marked sold in August 2026, they were asking $1,800,000, so the house sold for $115,000 below its last asking price. A $1,000,000 mortgage on the house was recorded the same day. The $423,750 mortgage recorded the day the company bought the house in 2024 was cancelled on September 11, 2026.
The seller's other deals
It is not the company's first house sale in the neighbourhood: on April 11, 2025 it sold a house on Calle Lilas in Monacillo Urbano for $1,350,000.
The company was buying in 2025 as well. It paid $186,500 for apartment 10D at Condominio Laguna Gardens III in Carolina on April 30, 2025, and $170,000 for Penthouse A in the same building on August 1, 2025. On August 22, 2025 it bought a house in Urbanización San Gerardo, Cupey, San Juan, for $290,000.
How the price compares
The $1,685,000 price is the third highest of 14 sale deeds recorded in Urbanización San Francisco between December 2025 and September 2026, behind $2,850,000 and $1,700,000. The median of those 14 sales was $902,500.
