High-end beachfront condos in Portillo

El Portillo, Las Terrenas

Features

• Beachfront
• Near town
• Tax-exempt
• Rooftop
• Garden

Description

This new community of 26 high-end 2-BR condos will be located by the beach of Portillo. All units will feature 2 bedrooms and 2.5 bathrooms with high-quality materials, mechanical ventilation 24/7 , kitchens with quartz top and European appliances

The community consists of three apartment buildings with three levels. The project has a double pool, social area, gym, spa, yoga area, Boutique, reception, as well as a breakfast area. This luxury project has 9 beautiful penthouses on the third level 9 apartments on the first level with private gardens, plus 8 apartments on the second level.

Finishings:
+ Interior floors in porcelain tile first.
+ Coral terrace.
+ Oak doors
+ Imported modular kitchen
+ Stucco walls
+ Double glassing windows and doors.
+ Bathrooms with top imported faucets.
+ Terrace railing in tempered glass.

The estimated starting date is June 2022.
The estimated delivery date is 2024.

The second phase is available also for pre-sales and the delivery date is estimated for 2025.

First phase.
Start date: July 2022
Delivery date: June 2024.
Payment terms
5,000 for the reservation.
15,000 20 days later with the signing of the promise of sale.
20% at the beginning of the work
25% with the gross work March 2023
30% with the gray work finished August 2023
25% with the delivery of the apartment June 2024

Second phase
Start date: March 2023
Delivery date: December 2025
Payment terms
5,000 for the reservation.
15,000 20 days later with the signing of the promise of sale.
20% at the beginning of the work March 2023
25% with the gross work December 2023
30% with the gray work finished July 2024
25% with the delivery of the apartment in December 2025
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Location

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El Portillo

The easternmost area of Las Terrenas runs along the wild beach of El Portillo. It is home to an all-inclusive resort and several private communities.

Financials

Utilities: $140

Maintenance: $60

Monthly Rev. (50% occupancy): $1,920

Mngt Costs: $438

Monthly Profits: $1,282

Legal Fees: $2,650

Transfer Fees: $7,950

Yearly Taxes: $1,250

This listing

Price / SQM: $2,246

ROI: $6

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All information, including measurements data and financial calculations, is obtained from various sources, and is approximate. No guarantee, warranty or representation of any kind is made regarding the accuracy of such information and Atlantique Sud Real Estate S.R.L. expressly disclaims any liability.