Modern 2-BR condos in new development in Portillo

El Portillo, Armonia El Portillo, Las Terrenas

Features

• Near beach
• Near town
• Gated community
• Secured community
• Tax-exempt
• Private Jacuzzi
• Common pool
• Designated Parking
• Gym
• Spa
• Night Watchman
• Day Watchman
• Garbage Collection
• Maintenance
• Reception
• Pool
• Security Cameras
• Drinks & Food

Description

Modern, spacious 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 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. This is an 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-Finishing 
Phase 2 begins in December 2025. 
Phase 3 begins in December 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 in 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 the 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
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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.

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Armonia El Portillo

This community offers modern and spacious condos that are designed for those who enjoy natural light. The 90 condos are located right on the beach of El Portillo, 10' 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.

Financials

Utilities: US$140

Maintenance: US$60

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

Mngt Costs: US$438

Monthly Profits: US$1,282

Legal Fees: US$2,150

Transfer Fees: US$6,450

Yearly Taxes: US$710

This listing

Price / SQM: US$2,048

ROI: US$7

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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.