A beautiful hill ready for development


Property Description

41,000 m² / 10 Acres

Overview of the Project

Las Palmas Tropical Project is a real estate development in a gated community with mature gardens offering spectacular sea and mountain views in most attractive surroundings ready for future investors. The development is spread over 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. 

Project Description

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 the Las Palmas Tropical project site allows 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 centre.

The development combines spectacular sea 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.

Competitive Advantages

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 ethnic mix. The Dominican Government is focused on preserving the beauty of the region and has committed to 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.

Price in USD: 1,500,000

41,000 Sqm at $37 USD per square meter, considering the price of the two already constructed villas (2 villas at $300,000 each) the price of the land is actually $24 per square meter. A total give away price!

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