Land Value?

Question

What would be the price range of 150 acres of land in Puerto Rico? The answer should be a range in price and not an absolute value!

To give an example:

Land is in the west coast (Añasco), perhaps near route # 2. Maybe between the coastal area and the Main route # 2.

Answer 1

The only way you can guess the value is by looking at what other properties have sold or are selling for in that area. Below I listed a finca of 82 cuerdas in Anasco going for $4 million. Yours is bigger, but theirs is beach front property which also adds value. Also below that I just listed the rest of the fincas in that area. To be sure you should call an apraiser. Goodluck :)

http://www.clasificadosonline.com/UDReal...

http://www.clasificadosonline.com/UDRELi...

Answer 2

I sincerely doubt that 150 acres of land is available for sale in the area that you mention. Also, land is measured by cuerdas here, which is about .971 of an acre or about 4,700 square yards. In the area you mention I estimate that a cuerda will run for about $40. to $60. per square foot. Check out with Tierra Del Sol, a local real estate agency with a good reputation, they may be able to inform you on local real estate value for the area you mention.