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$20 million six-bedroom seaside mansion has sold in Puerto Rico's exclusive Dorado neighborhood, making it the most expensive property sold on the island this year. The 14,000-square-foot villa is located within the Ritz Carlton Reserve, a luxury five-star resort community about 30 minutes from San Juan.

    The sale comes as Puerto Rico continues to attract wealthy mainlanders drawn by tax breaks under Act 60, which offers a 15-year tax break and reduced property taxes. While some locals oppose the legislation, citing concerns over tax evasion and displacement of communities, it has contributed to an influx of new residents and a thriving real estate market.

    The mansion features an open-plan layout spanning four levels, with a sitting room connecting to a dining area and kitchen. The buyer kept all furniture, including paintings, sofas, beds, and tables, as part of the sale. The property also boasts six bedrooms, seven full bathrooms, and four half-bathrooms, along with amenities like a movie room, wine cellar, pool table, and lounge.

    The owner can enjoy ocean views from the rooftop terrace or swim in their infinity pool. According to Blanca Hebe Lopez Pierluisi, boss of Corcoran Puerto Rico, the sale is a strong indicator that Puerto Rico's real estate market is thriving and resilient. The island has seen an "incredible boom" in real estate over the past five years, with numerous new development projects driven by healthy demand.

    The median listing price in Dorado is $2.4 million, more than double that of San Juan. Pierluisi notes that the sale further affirms Puerto Rico's status as a desirable destination for those seeking luxury and a beach lifestyle.