Michelin Key Puerto Rico: What Closed at Dorado Beach and Bahia Beach
Lizvette Robles October 6, 2026
Lizvette Robles October 6, 2026
Puerto Rico has two MICHELIN Key hotels in the 2026 selection, and both of them sit inside residential communities.
Dorado Beach, a Ritz-Carlton Reserve — One Key. Four Seasons Resort and Residences Puerto Rico at Bahía Beach, Río Grande — One Key, confirmed October 5, 2026. The Key belongs to the hotel. Below is what closed in the residences around it.
Range: $748 to $3,110 per square foot.
Community | Closed sales |
Dorado Beach East | 11 |
Dorado Country Estates | 3 |
West Beach | 2 |
Plantation Village | 4 |
The Isles | 1 |
The two highest prices per square foot of the year, $3,110 and $2,493, both closed in West Beach.
Largest closing: Dorado Country Estates #36, 9,573 sq ft, $13,000,000, March 7. Largest in Dorado Beach East: 202 Legacy, 8,881 sq ft, $12,000,000, May 1.
384 Dorado Beach East: $4,750,000, August 6.
The Isles: $5,300,000, off-MLS.
Golf-course villas: 12 The Greens at $919/sq ft, 13 Fairways at $1,034/sq ft.
Range: $922 to $2,599 per square foot.
Residence | Price | Sq ft | $/sq ft | Closed |
12 Las Estancias | $28,500,000 | 10,967 | $2,599 | May 6 |
Ocean Drive 3102 | $7,490,000 | 3,920 | $1,911 | Sep 21 |
Ocean Drive 3301 | $5,475,000 | 4,424 | $1,238 | Sep 21 |
7000 Bahía Beach Blvd 3221 | $1,900,000 | 1,829 | $1,039 | Mar 25 |
8371 Las Verandas | $3,400,000 | 3,461 | $982 | May 20 |
4129 Las Verandas | $2,550,000 | 2,765 | $922 | Sep 30 |
Ocean Drive 3102 is recorded as Ocean Drive Beachfront Residences III, not under the Four Seasons name, which is why it is missing from most Bahía Beach counts. Every closing above is confirmed in the MLS record and in Zillow’s sold record.
Which buildings at Bahía Beach actually carry the Four Seasons name, which ones sit beside it under a different developer, and what that distinction changes for a buyer is set out in our guide to the Four Seasons Puerto Rico residences.
0% on capital gains for decrees issued through December 31, 2026. 4% for decrees issued from January 1, 2027. A new decree holder must buy a home in Puerto Rico within two years of the decree and cannot rent it out.
Antonio Cartagena, broker, license C-13471, and Lizvette Robles, broker, license C-23765. InvEstate Puerto Rico. We pulled every closing above from the MLS and from public records ourselves.
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High-End Market Insights
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Act 60, the 1 January 2027 deadline, and the three IRS tests the decree does not cover.
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