What could be better than taking possession of more than 87 tropical acres of Caribbean island paradise just off the coast of the Puerto Rico mainland? Doing so with the bonus of guaranteed income. Located just a few minutes from the northeastern tip of the mainland, Palomino Island is a spectacular 97.12 acres, of which 87.4 is being sold by the current owner. The property for sale is partially home to a hotel that brings in regular lease income each month, with 11 years remaining on its lease. All hotel structures are currently undergoing renovation or being rebuilt, including restaurants, bars, and a coffee shop. The hotel originally used a 10,000-gallon rain catch reservoir, and they are now updating their water systems and generators for electricity.

Palomino Island features some great elevations and a nice long sandy beach on its southern side, as well as secluded beaches to the east. Stunning coral reefs surround the island, making it a fantastic locale for snorkeling. A pier for docking boats and ferries is included on the property. Nearby on the mainland is the gorgeous bioluminescent bay at Laguna Grande near the fishing community of Las Croabas, which glows with a blueish color in the dark due to microscopic organisms called dinoflagellates that react to any movement in the water. A little farther into the interior lies El Yunque National Forest near Rio Grande, the only tropical rainforest in the U.S. national forest system.

About half an hour by power boat from the property is the coastal city of Fajardo, with a multitude of marinas, shopping centers, restaurants, supermarkets and shops. Fajardo is less than a 45-minute drive from Luis Muñoz Marín International Airport in San Juan, allowing easy access to Palomino Island by air as well as quick flights to points across the Caribbean.