A two-acre oceanfront property in Dorado Beach, Puerto Rico, that boasts a slew of amenities on par with those of the Ritz-Carlton Reserve resort it sits within, has changed hands for $30 million.
This sale, which closed earlier this week, is the highest ever for Puerto Rico, according to the listing agent, Oriana Juvelier of Puerto Rico Sotheby’s International Realty.
Mansion Global could not independently confirm the price record, but the deal is several times more than even the priciest home on Puerto Rico’s Multiple Listing Service.
Ms. Juvelier listed the property about a year ago for $29 million and had multiple offers from buyers from the coastal states, she said. The buyer is a family from California, who are planning to move into it as their primary residence.
The sellers are Sean Lonergan, founder and CEO of PruGen Pharmaceuticals, and his wife, Michelle, who had the house custom built in 2014.
“We fell in love with the Ritz Carlton Reserve hotel property, and integrated all those amenities in our house,” Mrs. Lonergan said.
One of those amenities is a full spa suite that was completely built to replicate the famous Ritz Carlton Reserve spas, and the massage rooms used volcanic rocks from the same source, Mrs. Lonergan said.
The home was constructed with all-natural local materials, including hardwood floors, wood beams and sand-and-stone walls. The home’s furnishings were also created by local artists and were included in the sale.
“I loved the formal living room, which has a custom piece of art painted by the artist in the house,” Mrs. Lonergan said. “I enjoy staring at the painting while having my morning coffee.”
The couple decided to sell the Puerto Rico property to be close to their children, who are going to colleges in their home state of Arizona, Mrs. Lonergan said.
The Dorado Beach property has a main house and a guest house, with a total of nine bedrooms and 12 bathrooms, according to the listing. The main house features 20-foot stone walls, floor-to-ceiling glass pocket doors that open to the tropical outdoor entertaining space facing the ocean and golf course.
The property is the largest among the 11 homes in the East Beach community within Dorado Beach, according to Ms. Juvelier.
She said that the most expensive home in Puerto Rico in 2012—when Sotheby’s opened offices there—was just over $2 million.“It has been increasingly developed over the last decade,” she said. “Luxury homes have seen strong demand amids Covid-19, like other markets in the States.”
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March 13, 2021 at 05:03AM
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Most Expensive Home in Puerto Rico Sells for $30 Million - Mansion Global
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