Hidden paradise – SOLD

Yes, really a hidden paradise. On a private mountain with in total around 10 villas. A small street brings you to this special place. A secluded villa in a prime location for sale at Las Terrenas.

The property has a laundry and technical room. Besides that a huge covered terrace below. And next to that is probably the best place to add a pool if you like.

What really makes this property unique is:

• the garden is almost a piece of art (the owner is a landscape architect)
• tucked away between other villas a piece of heaven
• open floor plan with large terraces and jacuzzi
• open green zones in front of you
• within 3-4 minutes walk you are at Playa Las Ballenas beach
• distance to town with car 4-5 minutes
• beautiful ocean views
• comfortable layout
• massive master bedroom
• very good maintenance
• inside a safe and secure community
• more than enough space for a pool

Details of this Las Terrenas home for sale:

• 3 bedrooms and 2 bathrooms on the lower floor
• kitchen, living, half bathroom, and terraces with jacuzzi on the ground floor
• garage in front of the road
• AC in bedrooms
• electricity backup system with batteries
• fully furnished and ready to move in
• private water well and rainwater collection

Costs of this villa in Las Terrenas:

• average electricity around 1,100 USD a year
• maid 9 hrs per week at 1,850 USD a year
• insurance 1,433 USD per year
• Hoa fees 2,400 USD per year (security, road maintenance, garbage pickup, electricity for road lighting
• fiber optic internet 500 USD a year
• fiscal value home is around 165,000 USD, which results in yearly real estate taxes of around 160 USD

Costs of buying the villa:

• lawyer and notary fees 1% + 18% VAT over sales price = 7,670 USD
• 3% transfer tax over fiscal value = 4,950 USD

Rental numbers:

• 2021 gross rental income around 17,000 USD (combination of private use and renting out)
• 2021 net income 14,900 USD a year

What use for this property:

• without any doubt permanent living
• or a combination of temporary living and renting out