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El Portillo beachfront villa

us$ 780.000

Beautiful wooden beach home for sale on one of the best beaches in El Portillo, next to Las Terrenas. The home has 4 bedrooms, large kitchen and salon facing the beach and of course the outdoor living is the best... Large outdoor salon and outdoor dining and large outdoor bbq/kitchen. Small terraces, also directly in front of the beach under the shadow from the trees.

Beachfront wide 18,48 meters = 61 ft
Large parking space, laundry and small home where employees can sleep. The home is located inside a safe gated community with only residential villas inside.

Property Id : 40604
Price: us$ 780.000
Property Size: 250 m2
Property Lot Size: 1.040 m2
Bedrooms: 4
Bathrooms: 4

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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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