Monik Beachfront Boqueron JOSE DE DIEGO STREET POBLADO ST, Cabo Rojo, PR 00623

$2,400,000

$2,400,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

15 Beds

10 Baths

5,880 SqFt

SOLD DATE : 10/02/2025

Key Details

Sold Price $2,400,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,880 sqft

Price per Sqft $408

Subdivision Barrio Boqueron

MLS Listing ID PR9106507

Sold Date 10/02/25

Bedrooms 15

HOA Y/N No

Year Built 2010

Annual Tax Amount $7,119

Lot Size 2,613 Sqft

Acres 0.06

Property Sub-Type Multi Family

Source Stellar MLS

Property Description

Exclusive Opportunity in the Heart of Boquerón, Cabo Rojo – Monik Building

Discover a rare gem in Boquerón's most iconic and walkable sector. The Monik Building is a five-story concrete structure designed with unmatched engineering integrity—built on a floating foundation with 78 deep-set pilings, this property has withstood hurricanes, earthquakes, and the test of time. Appraised at $2,854,000, it is now listed below market value, offering a strategic opportunity for the visionary investor.

Each of the 5 residential units features 3 bedrooms, 2 bathrooms, living room, dining room, kitchen, laundry, hallways, and balconies with spectacular front-facing views of Boquerón Bay. Additional amenities include an elevator, stairs, rooftop with panoramic 360° views, and separate water/electric meters (6 each), allowing future conversion into a condo regime.

Currently underutilized, this is not a passive-income property—it's a diamond in the rough. Its full potential lies in transformation: think boutique hotel, luxury short-term rentals, or a culinary destination with bar/restaurant facilities on the first level. With limited permitting for new developments in this historic area, the Monik Building represents one of the last opportunities to own a legacy structure in this high-demand tourism corridor.

Lot Size: 258 square meters
Parking: Accommodates 5 small cars
Tax ID: 380-013-008-03-001
Coordinates: 18.024408, -67.173055
This is a unique investment opportunity in the most coveted location of Boquerón. Showings are by appointment only, and proof of funds is required. Don't miss your chance to own this beachfront treasure.

Gross Living ( 5 units / 1,176 each ) = 5,880 sq ft
Total Building Construction is Approx = 11,172 sq ft

At this moment is vacant, but you can make passive income from it.

Asking Price: $2.4 million

For more information or to schedule a private tour, contact us today.

Location

State PR

County Cabo Rojo

Community Barrio Boqueron

Area 00623 - Cabo Rojo

Zoning CT-L

Interior

Interior Features Ceiling Fans(s), Other, Primary Bedroom Main Floor

Heating None

Cooling Ductless

Fireplace false

Laundry Electric Dryer Hookup, Laundry Closet

Exterior

Exterior Feature Balcony, Fence

Garage Spaces 5.0

Utilities Available Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected

Waterfront Description Bay/Harbor,Beach Front,Canal - Saltwater,Marina in Community

View Y/N Yes

Water Access Yes

Water Access Desc Bay/Harbor,Beach,Beach - Access Deeded,Canal - Saltwater,Marina

Roof Type Cement

Attached Garage true

Garage true

Private Pool No

Building

Foundation Block, Concrete Perimeter

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Concrete

New Construction false

Others

Ownership Fee Simple

Special Listing Condition None

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Josh Cotton

Josh Cotton

+1(904) 982-8461

Our team is ready to help you sell your home for the highest possible price ASAP

Stellar MLS

© 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.

Listed by Eddie Nieves Santiago EDDIE NIEVES SANTIAGO
Bought with Eddie Nieves Santiago EDDIE NIEVES SANTIAGO

NEARBY SCHOOLS & BUSINESSES

Josh Cotton

“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”

+1(904) 982-8461

josh@welcomehome904.com

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