3-BR condo in luxury beachfront community

Cosón, Coson Bay, Las Terrenas

Features

• Near beach
• Beachfront
• Gated community
• Secured community
• Common pool
• Gym
• Terrace
• Night Watchman
• Day Watchman
• Garbage Collection
• Electricity
• Maintenance
• Water
• Reception
• Pool
• Planta / Generator
• Security Cameras
• Drinks & Food

Description

Welcome to the bright and homely 3-bedroom condo built on 2 levels and featuring a wonderful rooftop area. It is located in an exclusive gated beachfront community right on the beautiful “Playa Coson”, 10 minutes away from the center of Las Terrenas.

The condo sits on the second floor (+1 from the ground floor) and on its main level, we find 2 bedrooms, each with an ensuite bathroom and closet and a nice balcony from which you can see the ocean. The two bedrooms are on each side of the living room where there is a fully equipped kitchen that opens to the dining area.

The second level is accessed via stairs inside the unit. Upstairs we find the third and very spacious bedroom with an ensuite bathroom with shower, sink, and toilet as well as a walk-in closet. The master bedroom opens on the rooftop terrace with covered pergola and a sitting area.

The condo counts with central air conditioning, floors, and bathroom are made in natural coral stone and European bathroom fixtures. The unit is ideal for living partially (or full rental) and is perfect for visiting the beach town during holidays.

The furniture and appliances are for sale for an additional US$25,000. The HOA fees are of US$500 per month and they include maintenance of all common areas, reception, security, drinking water, swimming pool. There is a property management service with a fee of 30% paid to the hotel and 70% for the owners. The fee covers the rental management and promotion (but does not include condo cleaning). The condo occupancy is 35% which brings a return of 5% net yearly, after all the costs and commissions, and leaves room for improvement. The average occupancy rate is in this project is around 60%.

Coson Bay 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 case of capital increase and on revenues (27%). You can read more about the Confotur Law and approved real estate projects.

You can read more about the Confotur Law and approved real estate projects.

AMENITIES
• Beachfront • Free Wifi in common areas • Individual parking spot • Large outdoor area • Swimming pools • Children’s area •24/7 security • Poolside Restaurant and Beach club • Reception and hotel service • Emergency power generators • Rental program available
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Location

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Cosón

This westernmost area of Las Terrenas runs along the long and scenic playa Cosón. It is a true haven of peace found just 10 minutes away from town.

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Coson Bay

This beachfront community is located in Playa Cosón, one of the biggest beaches in Las Terrenas, and at 4km from the center of town. This residence offers impressive amenities and the highest level of services of a 5* hotel. Most apartments offer ocean views and a gorgeous sunset over playa Cosón. Very calm and peaceful place, ideal for enjoying the beach and the sea.

Financials

Utilities: $180

Maintenance: $80

HOA Fees: $500

Monthly Rev. (50% occupancy): $3,195

Mngt Costs: $629

Monthly Profits: $1,806

Legal Fees: $3,500

Transfer Fees: $10,500

Yearly Taxes: $2,100

This listing

Price / SQM: $1,591

ROI: $6

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Market Price / SQM: $1,591

Market 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.