Modern 3-BR condos in new development in Portillo

$325,000
El Portillo, Las Terrenas

Overview

  • Property ID
  • SP-0011
  • Bedrooms3
  • Bathrooms2
  • Property Size128 m2

Description

Modern spacious 3-bedroom condos are designed for those who enjoy natural light and open views, and for families who value quality time with friends and family. This new beachfront development of 90 condos is located right in on the beach of “Portillo”. Not far from the center of the town and all its amenities. The development consists of a gated community of privately owned condos, five common swimming pools, relaxing areas, a restaurant, and a children’s playground. Excellent investment opportunity for families looking to vacation a few weeks per year and enjoy the returns of their unit with a completely hands-off approach. The project is expected to be completed in 3 phases: Phase 1 – May 2024 Phase 2 – Dec 2025 Phase 3 – Dec 2026 Each condo has its own private parking. Every unit will enjoy high-quality finishes. Imported modular kitchens, imported porcelain floors, high-quality windows, imported laminated doors, and closets. If the buyer wants to change any feature or termination, customization is available on Pre-Sale status. This property benefits from the Confotur law. This law offers very attractive tax advantages to all buyers. These are; Property transfer tax exemption (3% of the purchase amount); Property tax exemption (IPI 1% annually); The exemption of the taxes in case of a capital increase and on revenues (27%). You can read more about the Confotur Law and approved real estate projects. Payment Conditions U$ 2,000 – Reserve unit 10% – Down Payment 30% – Start of construction 60% – Key and title handling Amenities Restaurants · Beach club · Spa · Gym · Kids playground and game room · Event room · 5 Pool and jacuzzis · 24/7 Security and access control · Parking for visitors

Other Features
Common pool
Designated parking
Gated community
Gym
Near beach
Near town
Private Jacuzzi
Secured community
Spa
Tax-exempt

Property Id: 2833796
Price: $325,000
Property Size: 128 m2
Bedrooms: 3
Bathrooms: 2
Property ID: SP-0011
Est Monthly Rental Revenue: USD $4,019
Est Monthly Management Costs: USD $150
Est Monthly Profits: USD $2,440
Transfer fees: USD $9,750
Yearly Taxes: USD $1,430
Price / SQM: USD $2,539
ROI: 14.8%

About El Portillo

El Portillo is the secluded east end of Las Terrenas — long quiet beaches, coconut groves and established resort communities, with the Samaná international airport (AZS) just minutes away.

Explore all properties in El Portillo →

Frequently asked questions

How much is Modern 3-BR condos in new development in Portillo?

Modern 3-BR condos in new development in Portillo is priced at USD $325,000. It is a 3-bedroom, 2-bathroom property of 128 m² in El Portillo, Las Terrenas. That works out to about USD $2,539 per square metre.

Where is Modern 3-BR condos in new development in Portillo located?

The property is in El Portillo, Las Terrenas, on the Samaná peninsula of the Dominican Republic. El Portillo is the secluded east end of Las Terrenas — long quiet beaches, coconut groves and established resort communities, with the Samaná international airport (AZS) just minutes away. See all listings and a full neighbourhood guide on our El Portillo area page.

What rental return can I expect from this property?

The estimated gross ROI is 14.8%. Projected rental revenue is around USD $4,019 per month, with an estimated monthly profit of about USD $2,440. 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 $3,250 and transfer/title tax USD $9,750. Ongoing annual property tax (IPI) is roughly USD $1,430. 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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