Several villas and penthouses close to beach


Built: from 1,453 ft² / 135 m²

to 2,088 ft² / 194 m²

This new development of villas and penthouses of minimalistic design is located only 1,090 feet / 100 meters from playa “Punta Popy”, in a calm residential area, close to restaurants and a sandy beach. It consists of a gated community comprising 7 private villas each with its own garden and swimming pool and 9 penthouses. All the units feature 3 bedrooms and are built on 2 levels.

All units are built with the highest standards and quality materials (top grade aluminium frame windows, premium woodwork and ceramic tiles, LED lighting, air-conditioners with inverter in each bedroom etc…).

The full in-house management and maintenance service makes it an ideal investment with rental purpose. With limited monthly HOA fees of 160 USD, the administration is responsible for all maintenance of the common areas, private swimming pools, your private garden, common gas, 24/7 electricity with a backup power system , 24/7 security; and optional personal cleaning and laundry services.



Project timing

The project will be built in 2 distinct phases. The construction of phase 1 started in May 2019 and is expected to be completed by the first quarter of 2020. During the first phase will be built:

  • 7 individual villas + The lobby + The common areas of phase 1

The second phase is expected to start by the end of the 1st quarter in 2020, when phase 1 is completed. The second phase will see the following units being built:

  • 9 penthouses + The common pool and areas of phase 2 + The office area


In-house rental management

The development offers the option of looking after your property with various management packages for owners, both for the long and short term rental markets. Based on the option you choose, you can expect up to 6% annual return on your investment. Thanks to the desirable location of the residential a high rental demand is assured.

Future owners will also benefit from the law “Confotur” which is an incentive for investments in tourism projects. Thanks to Confotur the owners are exempt from all property-related taxed over the first 15 years. Buying taxes of 3% and annual property tax of 1%.


Payment structure

  • The first 5 % is to reserve the chosen property

  • 1st payment: 30 % at the beginning of construction

  • 2nd payment: 30 % to the ceiling of the ground floor

  • 3rd payment: 20 % to the ceiling of the second floor

  • Upon completion and hand over of the property: 10 %

  • Delivery of title of ownership: 5 %


Amenities

  • Gated community with control of access

  • 24/7 security with camera surveillance

  • Common WiFi

  • Common pool with Jacuzzi

  • Rainwater collection and filtration

  • Lobby with car rental service / management / concierge

  • Back-up power plant

  • A/C with inverter in the bedrooms


Location

 

Asking Prices:

Penthouses: US$260,000

Villas: US$295,000 to US$310,000


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