Topline
An oceanfront compound within the exclusive Ritz-Carlton complex on Dorado Beach in Puerto Rico owned by the duty-free magnate Falic family has hit the market for $65 million, a sale that would break the island’s record for the most expensive home if fetches close to its asking price.
2230 Dorado Beach Drive in Puerto Rico is listed for $65 million.
B. Michael Sorenson | Puerto Rico Sotheby’s International Realty & Legendary Productions
Key Facts
The house, located on Ritz-Carlton property with a hotel and golf courses, has 8 bedrooms and 11 bathrooms within its almost 17,000 square feet.
The three-story structure has 22.5-foot ceilings in the formal living space, a chef’s kitchen with onyx countertops, a master bedroom with dual bathrooms, a rooftop terrace with a jacuzzi, a private movie theater and a four-car garage.
The grounds—the house is on a 1-acre lot—include an 82-foot infinity pool, outdoor kitchen and half basketball court.
The property is part of the Ritz-Carlton’s 1,400-acre property near the town of Dorado, about 20 miles from San Juan, and ownership of the house comes with access to the hotel’s amenities like dual golf courses, a gym and wellness center, water park and kids club (soon to come is a fresh produce farm, green houses, horse stables and go-kart track).
If it sells for close to its asking price, the home, listed by PaulaSuzanne Lapciuc of Puerto Rico Sotheby’s International Realty, will more than double the current sales record for the island, according to Sotheby’s.
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2230 Dorado Beach Drive in Dorado, Puerto Rico.
B. Michael Sorenson | Puerto Rico Sotheby’s International Realty & Legendary Productions
The living area with 22.5-foot ceilings.
B. Michael Sorenson | Puerto Rico Sotheby’s International Realty & Legendary Productions
The private movie theater.
B. Michael Sorenson | Puerto Rico Sotheby’s International Realty & Legendary Productions
A half basketball court.
B. Michael Sorenson | Puerto Rico Sotheby’s International Realty & Legendary Productions
Tangent
The Dorado Beach Ritz-Carlton Reserve has ties to several big names in business and entertainment. The current home is being sold by Simon Falic, chair of the Duty Free Americas brand and namesake of the Falic Group, whose portfolio includes retail licensing for names like Chanel, Champion, Reebok and Fendi Casa. Sean Lonergan, founder and CEO of PruGen Pharmaceuticals, sold a $30 million property there in 2021. Financier Glen Scheinber paid $37 million for a home in the Dorado Beach resort in 2022, the same year investor Jason Moore sold his $40 million home there to crypto entrepreneur Wright Wesley Thurston. Internet personality Logan Paul, who was ranked at No. 15 on Forbes’ list of top creators this year, has rented within the reserve and the property has hosted celebrities like Martha Stewart, Chef José Andrés, Leslie Odom Jr. and Coco Rocha.
Key Background
Puerto Rico has been drawing wealthy homebuyers since the pandemic started a shift toward remote work and a favorable tax law was passed in 2020. Known as Act 60, the legislation allows people who spend at least 183 days per year on the island to skip paying federal income taxes on income sourced in Puerto Rico. Because anyone receiving the tax incentives must own a home on the island, the real estate market has boomed since the law went into effect. Ten years before the pandemic-and-tax-fueled surge started, when Sotheby’s first opened offices on the island in 2012, the most expensive home in Puerto Rico was $2 million, listing agent Oriana Juvelier told Mansion Global.
Further Reading
Source: https://www.forbes.com/sites/maryroeloffs/2025/10/24/beachfront-mansion-could-break-sales-record-for-caribbean-island—see-inside/
