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Oceanview building lot inside community

us$ 200,000
exclusive with immomexx

Bit more then half an acre ocean view building lot inside Loma Esperanza Residence in El Portillo, just 8 minutes east from Las Terrenas. A quiet and safe community on the beach. With private tennis court and heli platform, large greenzones.

Country: Dominican Republic
Property Id : 51521
Price: us$ 200,000
Property Lot Size: 2,200 m2
gated community

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  • Quick information. Also check our FAQ in the menu op top.

    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

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

    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.

    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. 

    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.

    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.