Bo. Islote, Sector Melilla | PR-681 | Approx. 1.78 Acres | Zoned R-I Oceanfront development opportunity on Puerto Rico’s north coast. Located in Bo. Islote, Sector Melilla in Arecibo, this approximately 1.78-acre property offers direct frontage along PR-681 and the Atlantic Ocean, combining strong visibility, accessibility, and a highly desirable coastal setting. The property consists of two estates being sold together in a single transaction and includes existing structures, one currently habitable and another requiring repairs. The existing improvements are considered accessory and not the primary basis of value, offering flexibility for future site planning. Positioned in an area recognized for its oceanfront character, tourism activity, and growing residential demand, the site benefits from proximity to well known destinations such as La Poza del Obispo Beach and the Arecibo Lighthouse and Historical Park, as well as restaurants and local attractions along the north coast corridor. Zoned R-I (Residential-Intermediate), the property allows for a range of residential and residential-related uses, subject to applicable permits and regulatory approvals. Utilities, including water and electricity, are connected. With direct ocean frontage, highway exposure, and zoning flexibility, this property represents a compelling opportunity for buyers seeking oceanfront land with development potential along Puerto Rico’s north shore.