Overview
- Property ID
- SD-0325
- Property Lot Size1,000,000 m2
Description
1 MILLION SQM / 248 ACRES / 100 HECTARES
Very large piece of land for sale at 25’ by car from the center of Las Terrenas, in Samana. The land is currently used as a coconut plantation. It features internal roads and 2 different entrances. The property is next to a beachfront development of condos. Easy access by road. About 900 feet from the beach (300 meters).
The buyers can buy the entire lot, or part of it. Sellers are open to discussion. The property is ideal for a developer looking to build a hotel and several villas. The land has access to the newly constructed highway linking Santo Domingo and the major international airport of Las America and El Catey airport, which is a 45 minute drive away.
The Samaná region is consistently recognized as one of the most beautiful parts of the Dominican Republic. The Dominican Government is focused on preserving the beauty of the region and has committed to development of infrastructure facilities. 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. This property is an excellent investment and will allow a future investor/buyer an unprecedented opportunity to acquire a large piece of land to develop 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 developers.
Very unique investment opportunity. Interested to take a look at the land? We invite you.
$25/SQM OR $2.32/SQFT
Frequently asked questions
How much is Extensive flat terrain by the beach?
Extensive flat terrain by the beach is priced at USD $25,000,000.
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 $250,000 and transfer/title tax USD $750,000. Ongoing annual property tax (IPI) is roughly USD $248,330. 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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