Puerto Rico’s luxury housing market is booming. Focuzz The sale of a 13,560-square-foot custom home for $40 million in March 2022 set a record for the island.

A Ritz-Carlton Reserve villa at the Dorado Beach Estates in Puerto Rico sells for $20 million, becoming the island's highest sale year to date.

“This record-breaking sale is a strong indicator that the real estate market in Puerto Rico is thriving and resilient,” Lopez Pierluisi said.