Panoramic Ocean View Villa with Renovation Potential in the Hills

$400,000
El Jamito, Las Terrenas

Overview

  • Property ID
  • SV-1260
  • Bedrooms3
  • Bathrooms3.5
  • Property Size398 m2
  • Property Lot Size2,500 m2

Description

Experience the Dominican Republic at its most dramatic in this exceptional ocean-view property nestled in the hills of Las Terrenas, in the sought-after El Jamito area. This three-bedroom, 3.5-bathroom house spans 398 sqm of interior living space across three levels, making it the perfect canvas for those who love to entertain or seek a spacious family retreat.

With a total usable surface of nearly 600 sqm — including terraces, balconies, an outdoor dining area, and a rooftop space — this property offers an extraordinary amount of room to live, relax, and reimagine. Set on a generous 2,500 sqm lot and accessed via a private paved road, the property sits in a quiet, private neighborhood of individual homes in the lush hills above Las Terrenas. Possibility to build 2 bungalows with independent access from the main house.

The standout feature is the unobstructed 180° panoramic ocean view, visible from multiple levels of the home. The structure is very solid and the property is livable today, while offering compelling renovation potential: a light renovation under $50,000 delivers a highly comfortable home, while a full transformation up to $150,000 could create a premium hilltop villa. Add a pool on the rooftop, create outside living space or add an extra bedroom; the possibilities are limitless.

This property comes with a clean Certificado de Título. At USD 400,000 for 2,500 sqm of titled land with a large multi-level structure and panoramic views, the price-per-square-meter represents strong value in today’s Las Terrenas market, particularly given the appreciation trajectory of hillside ocean-view properties in the area.

Whether as a primary residence, a luxury vacation home, or a high-end rental investment, this property is a rare opportunity to own a piece of the Caribbean with real upside potential. Book a viewing today.

Other Features
Garden
Mountain view
Oceanview
Private Garage
Private Parking
Rooftop
Terrace

Property Id: 2823970
Price: $400,000
Property Size: 398 m2
Property Lot Size: 2,500 m2
Bedrooms: 3
Bathrooms: 3.5
Property ID: SV-1260
Est Monthly Rental Revenue: USD $3,210
Est Monthly Management Costs: USD $150
Est Monthly Profits: USD $2,579
Transfer fees: USD $12,000
Yearly Taxes: USD $2,330
Price / SQM: USD $1,005
ROI: 7.4%

About El Jamito

El Jamito is a hillside neighborhood in Las Terrenas offering some of the most spectacular panoramic ocean views on the Samaná Peninsula — a peaceful mountain setting with a cool breeze and easy access to the town center below.

Explore all properties in El Jamito →

Frequently asked questions

How much is Panoramic Ocean View Villa with Renovation Potential in the Hills?

Panoramic Ocean View Villa with Renovation Potential in the Hills is priced at USD $400,000. It is a 3-bedroom, 3-bathroom villa of 398 m² in El Jamito, Las Terrenas. That works out to about USD $1,005 per square metre.

Where is Panoramic Ocean View Villa with Renovation Potential in the Hills located?

The property is in El Jamito, Las Terrenas, on the Samaná peninsula of the Dominican Republic. El Jamito is a hillside neighborhood in Las Terrenas offering some of the most spectacular panoramic ocean views on the Samaná Peninsula — a peaceful mountain setting with a cool breeze and easy access to the town center below. See all listings and a full neighbourhood guide on our El Jamito area page.

What rental return can I expect from this property?

The estimated gross ROI is 7.4%. Projected rental revenue is around USD $3,210 per month, with an estimated monthly profit of about USD $2,579. 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 $4,000 and transfer/title tax USD $12,000. Ongoing annual property tax (IPI) is roughly USD $2,330. 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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