This past September, Vanderbilt Residences reached a meaningful milestone with the closing and handover of its first residence, welcoming its first homeowner to the property. Together with the filing of the project’s condominium-hotel master deed, this achievement marks a new chapter as a long-term vision becomes a reality for its owners.
Located in the heart of Condado, Vanderbilt Residences introduces an elevated approach to coastal living, combining the comfort of a private residence with the vibrant lifestyle of San Juan and the service and standards of excellence that define the Condado Vanderbilt Hotel. Here, the appeal of a coastal setting meets the energy of city life, with dining, culture and everyday conveniences contributing to a distinctive sense of place. The project builds on that character, offering a residential experience designed around space, comfort and attentive service.
“This milestone marks the transformation of Vanderbilt Residences from an ambitious vision into a living community and reinforces our confidence in Puerto Rico’s future. Building on the legacy of the Condado Vanderbilt Hotel, we are creating a unique residential experience that combines exceptional homes, personalized service and one of Condado’s most coveted oceanfront locations,” said Rolando Padua, Co-CEO of Paulson Puerto Rico.
“With a limited selection of residences still available at pre-completion pricing, buyers have a compelling opportunity to become part of this landmark development. As we welcome our first owners, our priority is clear: to deliver the quality, attention to detail and enduring value that define the Vanderbilt name,” he added.
The first residence closed for $7.95 million and encompasses more than 5,500 square feet, including approximately 4,824 square feet of interior space and a covered terrace of nearly 700 square feet. Its generous proportions illustrate the emphasis on spacious interiors and outdoor living that shapes the residential experience.
The transaction reflects a purchase agreement signed in April 2023, with the recorded price corresponding to the terms established at that time. Current offering prices reflect the project’s subsequent evolution and present market conditions.
For Paulson Puerto Rico, this next phase carries forward the commitments made to homeowners from the project’s earliest stages. Continued development will build on the first handover, adding to a residential community rooted in Condado’s distinctive character.
With its first homeowner now on the property, Vanderbilt Residences is bringing its vision of elevated Condado living to life. The remaining residences offer an opportunity to secure a home that brings together coastal living, city convenience and the distinguished hospitality of the Condado Vanderbilt.
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