New modern apartments close to the beach

Property Description

Built: From 1,560 ft² / 145 m² to 2,196 ft² / 204 m²

This new and awaited project will count a total of 9 apartments. The condominium will be located at only 66 feet / 20 meters from the beach of Las Terrenas and 500 feet / 150 meters from the very center of Las Terrenas, in the North of the Dominican Republic. The apartments will be disposed in front a large swimming pool and relaxation area. The rectangle shaped building will have 3 floors with 3 apartments on each.

Owners will also have the comfort of having an independent emergency generator in case of power outages as well as security 24 hours a day.

The renowned builder already built several high end developments in Las Terrenas, with more than 160 units over the past 12 years (2019). Their last development was sold out before its completion. Over the years, the company became well known for its excellent quality and very competitive prices. Always securing top locations for his new developments, both great for living and renting.

The company has received the benefits of the “Confotur law” program that allows them to offer better benefits for their clients such as:
- 100% exemption from the payment of taxes on real estate property (IPI) and on the transfer of real estate property rights that is normally 3% of the value of your property.
- 100% exemption from the payment of the annual rental taxes that represents 27% of the revenues.

Both of these tax exemptions are valid for 15 years (renewable).


Hotel Pool Program

The builder is also offering future buyers to join the "Hotel Pool Program" which is an in-house team of professionals who will take care of renting your apartment while you are not here to enjoy it. The objective is to maximize the return on your investment through rentals.


Timeline

The construction will start August 2019 to be completed by August 2020.


Apartment's Features

  • Windows: Anti-cyclonic aluminum windows and doors, double glazing, rust inhibiting paint.

  • Lighting: Indirect ambient lighting and embedded spotlights.

  • Floors: Quality imported floor tiles, quality bathroom fittings.

  • Kitchen: Italian fitted kitchen and appliances including: fridge, oven, stainless steel cooker, sink and taps, hood vent.

  • Air Conditioning: Air conditioning and fans in bedrooms and living room, indirect mechanical ventilation.

  • Finishes: Craftsmanship-like quality cabinetry and interior woodwork in Cigua wood.


Hotel-like Services:

Reception 7/7 - Apartments cleaning - Laundry service


Asking Prices: US$274,000 to US$410,000

First floor units

  • #1: 2BD Unit - Built 172 m²/ 1,850 ft² + Garden 136 m²/ 1,464 ft² = US$319,000

  • #2: 2BD Unit - Built 145 m²/ 1,560 ft² + Garden 68 m² / 732 ft² = US$274,000

  • #3: 3BD Unit - Built 204 m²/ 2,196 ft² + Garden 122 m²/ 1,313 ft² = US$349,000

Second floor units

  • #4: 2BD Unit - Built 172 m²/ 1,850 ft² including terrace of 41 m²/441 ft² = SOLD

  • #5: 2BD Unit - Built 145 m²/ 1,560 ft² including terrace of 38 m²/ 409 ft² = SOLD

  • #6: 3BD Unit - Built 204 m²/ 2,196 ft² including terrace of 41 m²/ 441 ft² = 359,000

Third floor units (Penthouses)

  • #7: 2BD Unit - Built 172 m²/ 1,850 ft² including terrace of 41 m²/ 441 ft² + Rooftop 98 m²/ 1,055 ft² = 369,000

  • #8: 2BD Unit - Built 145 m² / 1,560 ft² including terrace of 38 m²/ 409 ft² + Rooftop 74 m²/ 796 ft² = 339,000

  • #9 3BD Unit - Built 204 m² / 2,196 ft² including terrace of 41 m²/ 441 ft² + Rooftop 98 m²/ 1,055 ft² = 410,000


Payment terms

 
  • 10% of the sale price at reservation

  • 30% at the beginning of the construction

  • 25% at building walls construction

  • 20% at roof completion

  • 10% upon delivery of the apartment

  • 5% upon delivery of the title deed


Location

 

MAXIMIZE YOUR INVESTMENT

This modern condominium of apartments is an exceptional chance to invest in Las Terrenas.
Maximize your returns on your property with the rental pool program.

How does the “Hotel Pool” program work?

As a member of this program you will still be the owner of your property.
Leave the renting of your apartment up the in-house team of professionals who will take care of domestic and international advertising, rental throughout the year or when you are not using the property, as well as year round maintenance.

How does the “Hotel Pool” help you maximize your returns?

You can maximize your profits by sharing the revenue generated by all the apartments.
You still receive revenue even when your apartment is vacant.
Expenses are also shared between the members of the program keeping operational costs to a minimum while offering top quality service. Profits are distributed among the members based on the rental rate for your apartment.

Sit back and relax while our team takes care of everything, guaranteeing great returns on your investment!


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Why not build a villa for the same price?

We build Caribbean and modern style villas at very attractive prices from 2 to 4 bedrooms. Close to the beach, on top of a hill or in a secure residence, you will find the land that fits your project and budget and we build the villa that you want on top!