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 this inviting and luminous 3-bedroom condominium that spans across two levels, boasting an enchanting rooftop area. Situated within an exclusive gated beachfront community right along the pristine shores of "Playa Coson," it offers a tranquil oasis just a 10-minute drive from the heart of Las Terrenas.

Perched on the second floor (+1 from ground level), the main level of the condo features two bedrooms, each graced with its own ensuite bathroom and closet, complemented by a charming balcony providing captivating ocean vistas. Nestled on opposite sides of the living room is the fully equipped kitchen, seamlessly connected to the dining area, fostering a seamless flow.

Ascending the stairs inside the unit leads to the second level, where the expansive third bedroom awaits, boasting its own ensuite bathroom complete with a shower, sink, and toilet, as well as an adjoining walk-in closet. The master bedroom further extends to a rooftop terrace, adorned with a sheltering pergola and a comfortable sitting area.

Equipped with central air conditioning, the condo boasts natural coral stone floors and bathroom finishes, along with European bathroom fixtures. This unit presents an ideal opportunity for partial or full-time living, and its allure extends to those seeking a holiday home within this charming beach town.

Should you wish to acquire them, the furniture and appliances are available for an additional US$25,000. The Homeowners' Association (HOA) fees amount to US$500 per month, encompassing comprehensive maintenance of communal areas, reception services, security, potable water, and access to the swimming pool. A property management service is also provided, with a fee distribution of 30% to the hotel and 70% to the owners. This service covers rental management and promotion, excluding condominium cleaning. With an occupancy rate of 35%, the condo yields a net yearly return of 5%, factoring in all expenses and commissions, with potential for enhancement. The project's average occupancy rate hovers around 60%.

Benefiting from the Confotur law, Coson Bay offers an array of attractive tax incentives to prospective buyers, including exemptions from property transfer tax, property tax, and certain capital increase and revenue-related taxes. The project boasts a rich set of amenities, including beachfront access, free Wi-Fi in communal areas, dedicated parking, expansive outdoor spaces, swimming pools, a children’s area, 24/7 security, a poolside restaurant and beach club, reception and hotel services, emergency power generators, and an available rental program.

For more information about the Confotur Law and approved real estate projects, please refer to relevant sources.
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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

HOA Fees: US$500

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

Mngt Costs: US$629

Monthly Profits: US$2,066

Legal Fees: US$3,950

Transfer Fees: US$11,850

Yearly Taxes: US$2,280

This listing

Price / SQM: US$1,795

ROI: US$6

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Market Price / SQM: US$1,795

Market ROI: US$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.