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Apartment on the beach

us$ 175.000

Special opportunity. 2 bedroom apartment on the Playa Las Ballenas beach in Las Terrenas. Close to center town and restaurants, shopping. The apartment is on the ground floor in front of the pool area.

Fully serviced apartment and complex has hotel service with on-site restaurant, spa, wellness and of course the beach. A really top beach. Fully furnished and equipped apartment ready for the rental pool.

netto income after deducting ALL expenses:
2014: 8,193 usd
2015: 8,245 usd
2016: 7,760 usd (more private use)
hoa fees 437 usd per month.
Address: Las Terrenas
Country: Dominican Republic
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Property Id : 37921
Price: us$ 175.000
Property Size: 104 m2
Bedrooms: 2
Bathrooms: 2
Pool Size In M2: 150
Year Built: 2011
pool
tropical garden

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  • General Information

    Legal & notary fees to buy the property and to put the title on your name in general 1% over the sales price. And over that amount 18% itbis. So a home from 200,000 usd will do in legal and notary fees around 2,360 usd. More info here...

    Transfer property tax: is 3,1% of the registered value from the property at the DGII (DR tax-office). More info here...

    Ownership: There are no restrictions for foreigners to purchase and/or own real estate in the Dominican Republic. Full ownership 100% on your name or whatever other legal entity/company. More info here...

    Yearly property taxes: Property(s) owned by an individual and assessed by the DGII (DR tax-office) below DOP 7,019,383 (around 150,000 usd) will be exempt of yearly property taxes and any excess will pay 1% per year over that difference. All properties owned by a company will pay 1% per year of the assessed value with no exemptions. More info here...

    Deslinde: According the DR's Property Registry Law a property purchase cannot be recorded at the Property Registry without a clear Certificate of Title (with deslinde). A "deslinde" refers to a clear title which has been issued after the property has received the final judge's approval certifying it has been properly surveyed and that its property lines and boundaries have been clearly defined and established from the original title dating prior to the new registry law or a new title altogether. No purchase should be carried out without a clear Certificate of Title. More info here...

    Construction prices: The average construction prices are starting around 600 usd per m2 (60 usd per sf2). This is a basic construction with concrete polished floor, wooden or concrete thatched roof for example, pine tree wood or oak. Pool prices do around 500 usd per m2 (50 usd per sf2). Marmoline inside, with poolpump and filter. More info here...

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