Overview
- Property ID
- SD-0307
- Property Lot Size41,000 m2
Description
This real estate development is in a gated community with mature gardens offering spectacular ocean and mountain views in one of the most attractive surroundings ready for future investors. The development is spread over 441320 ft / 41,000 m2 and divided into 25 lots for villas and apartments or condominiums. Two luxury affordable villas are already completed and included within the sale of the development.
The project offers direct access to the newly constructed highway linking Santo Domingo and the major international airport of Las America and El Catey airport, which is a 25-minute drive away.
The size and beauty of this project’s site allow for a unique product within the Samana Region. The blend of a luxury residence with natural beauty has shown to be extremely attractive to high-net-worth individuals seeking a lifestyle investment of tranquillity, a short distance to the beach and town center.
The development combines spectacular ocean and mountain views, with a unique villa concept, a complete construction design package for a variety of luxury villas. This is a construction-ready project with infrastructure and services completed; with all planning consents in place. The investor is able to implement a different architectural option if so desired.
The owners are looking for an investor to develop together.
The Samaná region is consistently recognized as one of the most beautiful parts of the Dominican Republic and Las Terrenas in particular is a desirable tourist location of an ethnic mix. The Dominican Government is focused on preserving the beauty of the region and has committed to the development of infrastructure facilities with the new highway linking the capital, Santo Domingo, and International airports. The tourism sector is rebounding from the global economic downturn and real estate sales are also beginning to return, with premium, luxury products showing very strong potential. The Las Palmas Tropical Development is a unique investment and allows an investor/buyer an unprecedented opportunity to acquire freehold titles for 25 plots on a one-of-a-kind piece of real estate within the region. With Samaná earmarked as the new tourist boom region, the potential for growth and substantial returns are extremely attractive for a developer.
About Abra Grande
Abra Grande is a hillside residential area in Las Terrenas' urban expansion zone, known for ocean-view villas, buildable land parcels and a peaceful suburban pace — all within minutes of Playa Cosón and the town center.
Frequently asked questions
How much is A beautiful hill ready for building lots?
A beautiful hill ready for building lots is priced at USD $4,500,000.
Where is A beautiful hill ready for building lots located?
The property is in Abra Grande, Las Terrenas, on the Samaná peninsula of the Dominican Republic. Abra Grande is a hillside residential area in Las Terrenas' urban expansion zone, known for ocean-view villas, buildable land parcels and a peaceful suburban pace — all within minutes of Playa Cosón and the town center. See all listings and a full neighbourhood guide on our Abra Grande area page.
What rental return can I expect from this property?
Projected rental revenue is around USD $0 per month, with an estimated monthly profit of about USD $0. These are estimates based on comparable rentals in the area; actual returns vary with season, management, and occupancy.
What are the closing costs and taxes on this property?
Typical one-time closing costs for this property are approximately legal fees USD $45,000 and transfer/title tax USD $135,000. Ongoing annual property tax (IPI) is roughly USD $43,330. Atlantique Sud walks every buyer through the full cost breakdown before closing.
Can foreigners buy this property in the Dominican Republic?
Yes. Foreign buyers have the same ownership rights as Dominican citizens and can hold full freehold title (Certificado de Título) in their own name — no residency or citizenship required. Atlantique Sud handles the due-diligence, title search, and closing through a Dominican attorney.
Is financing available for foreign buyers?
Most purchases in Las Terrenas are completed in cash. Some developers offer staged payment plans on pre-construction, and a few local banks lend to qualified foreign buyers at higher rates than in North America or Europe. Contact us to review the current options for this listing.
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