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Sotheby’s International Realty Affiliates LLC recently announced it has strengthened its presence in the Caribbean with the addition of Puerto Rico Sotheby’s International Realty to its luxury real estate network.

According to the company, the firm is owned by Margaret Pena Juvelier, who previously served Sotheby’s International Realty- East Side Manhattan Brokerage in New York as senior vice president and associate broker since 1986. Puerto Rico Sotheby’s International Realty’s flagship office is located on the prestigious Ashford Avenue in the Condado district of San Juan.

“The addition of Puerto Rico Sotheby’s International Realty builds on the momentum we are experiencing throughout the Caribbean region, where we most recently expanded into Aruba and the U.S. Virgin Islands last year,” says Michael R. Good, chief executive officer, Sotheby’s International Realty Affiliates LLC. “We look forward to growth in this market through the leadership of Margaret, who has more than 28 years’ experience in luxury residential sales; her daughter, Oriana; and the team of experienced professionals they are recruiting.”

Juvelier cites her team’s strong partnerships and client relationships in Puerto Rico and abroad as a solid basis for success. “We have a professional infrastructure and sales agents with strong local knowledge,” she said. “The luxury real estate market in San Juan and throughout Puerto Rico is on the rise and the demand is high in this tropical region of the Caribbean popularly known in Spanish as ‘La Isla del Encanto,’ which means ‘the island of enchantment.’ We are focused on representing the island’s most extraordinary properties. From historic colonial homes in Old San Juan to opulent residences in exclusive areas like San Patricio, San Francisco and Santa María and the mansions of Dorado, we are proud to present Puerto Rico’s upscale marketplace to international clients and to the world stage.”

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