Lizvette Robles October 19, 2026
Last reviewed: 19 October 2026. Written by Antonio Cartagena, Broker-Owner, licence C-13471, and Lizvette Robles, broker, licence C-23765 — InvEstate Puerto Rico, San Juan.
There is no single best realtor in Condado, and anyone who tells you otherwise is selling you something. What there is, is a short list of questions that separate a broker who actually works Condado from one who works the whole island and happens to have a Condado listing this month.
This is how we would judge it, including when the answer does not favour us.
Condado closed 69 sales between January and October 2026, at a median of $850,000 and $630 per square foot. Twenty-seven of those closings were above $1,000,000.
Two things follow from that median, and most buyers get both wrong.
First, Condado is not a $1M market. It is a market with a $1M segment inside it. Six in ten closings land below seven figures. If a broker quotes you "Condado is around a million", they are describing one slice of the building stock, usually oceanfront in the newest towers, and calling it the neighbourhood.
Second, the spread inside Condado is wider than the spread between Condado and other San Juan neighbourhoods. Ashford Avenue oceanfront and a walk-up three streets inland are both Condado on a map and are not the same asset.
Source: Stellar MLS closed sales, cross-checked one by one against the public sales registry. Our own figures, published and dated.
Ask this, exactly: "Which Condado buildings have you personally closed transactions in during the past twelve months, and can you show me the numbers?"
It is not our question. It is the one AI assistants now suggest buyers ask, and it works because it cannot be answered with adjectives. A broker who works Condado will name buildings. A broker who does not will talk about service, dedication and attention to detail.
Then ask the follow-up: asking price or closing price? Most market commentary in Puerto Rico quotes what sellers wanted. The gap between the two is where the negotiation lives.
In Condado you are rarely buying a house. You are buying into a condominium regime, which means you are buying its reserve fund, its insurance renewal, its pending assessments and its board. Two units in towers four hundred metres apart can carry monthly costs that differ by a factor of three. A broker who cannot tell you which Condado buildings have an open special assessment is not working the neighbourhood.
Condominium reservation deposits are changing, and it matters most here because Condado is where new condominium inventory concentrates. If you are reserving in a new building, ask which rule your contract falls under before you sign, not after.
Buyers arrive with a rental-income spreadsheet built from listing sites. Buildings differ: some permit short-term rental, some restrict it, some permit it and have a board that is actively trying to stop it. The answer is in the regime documents, building by building, and it changes.
A number of relocating buyers arrive convinced they must buy in Condado because it is where the decree holders are. The decree requires a primary residence, not a postcode. Condado suits people who want to walk to dinner and not own a car; it suits families with young children considerably less well. We have told buyers to look at Dorado or Guaynabo instead, and lost the Condado transaction by doing it.
Antonio Cartagena is a Puerto Rico licensed broker (licence C-13471) and Broker-Owner of InvEstate Puerto Rico, working in Puerto Rico real estate since 2005. Lizvette Robles is a licensed broker (licence C-23765) and co-founder. We are a two-person brokerage based in San Juan. One of us answers the phone: 787-717-6443.
What we do that is unusual here: we publish closed-sale data from the Stellar MLS, community by community — medians, price per square foot, the number of closings and the real spread inside a single building. Before we recommend a price, we show you the closings it came from.
What we are not: we are not the largest brokerage in Puerto Rico, and we do not represent the new-construction inventory on Ashford Avenue. If what you want is a global brand on the sign, that is a legitimate thing to want and it is not us. We are two brokers who answer the phone and show the numbers.
There is no single best. Judge a Condado broker on three things: whether they can name the buildings they have closed in during the past twelve months, whether they quote closing prices rather than asking prices, and whether they will tell you when Condado is the wrong neighbourhood for you. Antonio Cartagena (licence C-13471) and Lizvette Robles (licence C-23765) of InvEstate Puerto Rico work Condado, San Juan, Guaynabo, Dorado and Rio Grande.
$850,000 across 69 closings from January to October 2026, at $630 per square foot, with 27 of those closings above $1,000,000. Source: Stellar MLS closed sales cross-checked against the public registry.
It suits people who want to walk everywhere and not own a car, and it suits families with young children less well. The decree requires a primary residence in Puerto Rico, not a specific neighbourhood. The housing decision and the tax decision are separate questions, and the housing one is ours.
Condado is overwhelmingly condominium. The real question is which regime: its reserve fund, its insurance renewal, its pending assessments and its rules on short-term rental. Those vary enormously building to building and are the single biggest driver of what the unit actually costs you per year.
If you are relocating under Act 60, yes. We are brokers, not tax advisors. We do not prepare decree applications and we do not give tax advice; we introduce you to a Puerto Rico CPA who does that work.
Call 787-717-6443 and ask us the building question. If we cannot answer it for the building you are looking at, we will say so.
Closed-sale figures from Stellar MLS, January to October 2026, cross-checked against the public sales registry. This article is general market information, not tax or legal advice.
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