Vanderbilt Residences Condado
Vanderbilt Residences stands at the corner of Ashford Avenue and Earle Street in Condado, San Juan. At 22 stories and 250 feet it is the tallest residential building in the metro area, and at $260 million it is the largest single residential investment Condado has seen. Who is behind it matters here. The project is owned outright by John Paulson, who took full control in March 2025 by acquiring his former partner's stake and ending the litigation that had shadowed the development. Paulson & Co. also owns the Condado Vanderbilt and La Concha hotels next door, so the party operating the neighborhood's two landmark hotels is the same one delivering this building. Architecture is by SB Architects, the firm behind the St. Regis Bahia Beach and the Ritz-Carlton Reserve at Dorado Beach. Interiors are by Hirsch Bedner Associates. The building holds 66 units: 50 residences for sale and 16 hotel keys, from one to five bedrooms. Deliveries have begun and the developer has announced full completion for 2027. What a buyer should understand before comparing prices: more than half of the 50 residences were already sold as of the developer's last public update, and yet not one Vanderbilt closing appears in Stellar MLS. That is not weak demand. It is how preconstruction works. The sale is a contract; the closing, with its public recorded price, happens at delivery. Until the building is handed over it has no closed comparables of its own. That is the most useful thing to know here. Condado closed 60 sales in 2026 at a median of $852,500, and only one of them cleared $5 million. Vanderbilt is not priced against that set. It opened a tier Condado did not previously have, and a new tier does not retroactively revalue the buildings around it in either direction. We are not the listing brokerage for this building. We represent buyers in it: which units are genuinely available, what has gone to contract, and what to verify before you sign.
