Overview
- Property ID
- SB-0023
- Bedrooms25
- Bathrooms25
- Property Size900 m2
- Property Lot Size1,400 m2
Description
Uncover the Greatest Deal: Prime Location for Investors Seeking to Revitalize a Property Welcome to the epitome of "location, location, location!" This remarkable residential building is nestled in the heart of Las Terrenas, mere steps away from the pristine beach and one of the town’s main streets. With a rich history intertwined with the town’s evolution, this classic building stands as a testament to the vibrant transformation of Las Terrenas over the years. Situated at the back of the expansive lot, the current large building spans approximately 900 square meters, leaving ample space for a spacious garden at the front. Comprising a total of 25 units, including studios, apartments, and bedrooms, this property presents a diverse range of opportunities. The community is also equipped with essential amenities such as a kitchen, laundry facilities, and a maintenance room located in the backyard. Ready to be revitalized and refurbished, this property represents a perfect investment opportunity for those seeking to establish themselves in the bustling heart of town, just moments away from the beach and the vibrant pulse of local life. The surrounding area is undergoing a rapid transformation, embracing the new era of Las Terrenas. The street itself is experiencing a surge of new commerce and residential development, thereby adding considerable value to this property. Whatever vision you have in mind, your efforts have the potential to contribute to the ongoing development and prosperity of our community. Prepare to seize this unparalleled investment opportunity. Will you let it slip through your fingers?
About Center Town
Las Terrenas Town Center puts you within walking distance of the main beach, Pueblo de los Pescadores, restaurants, markets and schools — the most practical and connected neighborhood on the peninsula for full-time living or short-term rentals.
Frequently asked questions
How much is Prime location residence?
Prime location residence is priced at USD $1,350,000. It is a 25-bedroom, 25-bathroom property of 900 m² in Center Town, Las Terrenas. That works out to about USD $1,500 per square metre.
Where is Prime location residence located?
The property is in Center Town, Las Terrenas, on the Samaná peninsula of the Dominican Republic. Las Terrenas Town Center puts you within walking distance of the main beach, Pueblo de los Pescadores, restaurants, markets and schools — the most practical and connected neighborhood on the peninsula for full-time living or short-term rentals. See all listings and a full neighbourhood guide on our Center Town area page.
What rental return can I expect from this property?
The estimated gross ROI is 20.3%. Projected rental revenue is around USD $22,886 per month, with an estimated monthly profit of about USD $15,398. These are estimates based on comparable rentals in the area; actual returns vary with season, management, and occupancy.
What are the closing costs and taxes on this property?
Typical one-time closing costs for this property are approximately legal fees USD $13,500 and transfer/title tax USD $40,500. Ongoing annual property tax (IPI) is roughly USD $11,680. Atlantique Sud walks every buyer through the full cost breakdown before closing.
Can foreigners buy this property in the Dominican Republic?
Yes. Foreign buyers have the same ownership rights as Dominican citizens and can hold full freehold title (Certificado de Título) in their own name — no residency or citizenship required. Atlantique Sud handles the due-diligence, title search, and closing through a Dominican attorney.
Is financing available for foreign buyers?
Most purchases in Las Terrenas are completed in cash. Some developers offer staged payment plans on pre-construction, and a few local banks lend to qualified foreign buyers at higher rates than in North America or Europe. Contact us to review the current options for this listing.
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