Overview
- Property ID
- SL-1259
- Property Lot Size32,565 m2
Description
Located directly oceanfront in Las Galeras, this land portfolio presents a rare opportunity to secure scale in one of the Dominican Republic’s most naturally preserved and increasingly sought-after coastal destinations.
The seller is offering all parcels together at $22 per square meter, creating a compelling bulk acquisition opportunity well below surrounding market benchmarks.
The property enjoys direct frontage along the main road, ensuring accessibility and long-term strategic value. Its gentle natural slope allows for efficient construction with minimal earthwork, significantly reducing development costs. The terrain is highly buildable, and existing improvements include a stone perimeter wall and utilities available at the road.
From a legal standpoint, the property is fully prepared for transaction. It features a brand-new survey and updated titles. Additionally, ownership is structured within a company, allowing transfer through a share sale, which simplifies the acquisition process.
The surrounding market underscores the value proposition. Immediate neighboring land is priced around $60/m², while nearby projects in the region are reaching up to $250/m² for individual / residential lots. At $22/m², this offering reflects a strategic entry point with strong long-term appreciation potential. This is a rare opportunity to secure oceanfront positioning at a price that leaves room for value growth and development margin. Good to subdivide and resell.
For further information, documentation, or to arrange a private site visit, please contact our team directly.
Frequently asked questions
How much is Prime Oceanfront Lot?
Prime Oceanfront Lot is priced at USD $770,000.
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 $7,700 and transfer/title tax USD $23,100. Ongoing annual property tax (IPI) is roughly USD $6,030. 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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