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Coson beachfront villa

us$ 1.495.000

Spectacular beachfront villa on the blue flag beach Playa Coson at Las Terrenas. A villa with the wow-effect and the last years visited by many vacation guests who enjoyed here there holidays. This villa is a rental income generator. A perfect up and running rental business generating over 150,000 usd per year in revenues. And only growing.

A full service villa with security, maids team and private chef.

Open salon, 2 pools, outdoor living that opens up to the beach. The villa can accomodate around 20 guests divided over 9 bedrooms. All with airco.

International airport Las Americas at Santo Domingo at 1,5 hr drive and El Catey international airport at 20 minutes drive.

The villa is fully equipped and running as rental business. Has laundry,

The nearest airport is Samana El Catey International Airport, 16.1 km from the property or 30 minutes only.

The next door lot is available for expansion of the house.  Beachfront property (empty land) next door, 3665m2 with 40 meters beachfront, is for sale at 595,000 usd.

 

Country: Dominican Republic
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Property Id : 55632
Price: us$ 1.495.000
Property Size: 400 m2
Property Lot Size: 3.000 m2
Bedrooms: 9
Bathrooms: 8
Pool Size In M2: 18
Year Built: 2007
Parking: Open parking
Roof Type: Wood + Shingles
Structure Type: Blocks
Septic: Septic on property

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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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