Location:

SOLD Sold After Jan 2024

🌊OCEANVIEW VILLA WITH BUILDING POTENITAL IN BOOMING PLAYA ENCUENTRO!🏗️

SOLD! $469,000

In the Surf Capital of the Dominican Republic, Playa Encuentro

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🌊OCEANVIEW VILLA WITH BUILDING POTENITAL IN BOOMING PLAYA ENCUENTRO!🏗️

Property ID – RDR-42355
Address – In the Surf Capital of the Dominican Republic, Playa Encuentro

Price

SOLD!

US $469000

Overview

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Property ID : RDR-42355-property
Bedrooms
3+1
Bathrooms
3
Garage
2
Area
260 m
Lot Size
456 sq m
Year Built
2022
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Description

SOLD!

Welcome to this amazing property in the heart of the surf town paradise of the Dominican Republic, Playa Encuentro. 🌴🌊🤙 This is a 2 bedroom house plus a detached 1 bedroom house with the potential to build up to a 3rd floor or create an upscale backyard you will love. 🏡🏄‍♂️🏖️

This 456 sqm property is truly unique 🏡✨ As it has been crafted from locally sourced materials, providing a unique blend of modern design meets natural sustainable building. 🌿🏗️

The centerpiece of the property is an open concept two-bedroom home designed with comfort and functionality in mind. 🛋️🍽️ The spacious living area features large sliding doors that allow the living room, dining area, and kitchen spill out into your own private garden. 🌳🏞️

Next to the full-sized kitchen, there is a spacious storage room that contains the backup power inverter. 🔋🔌 On the other side of the kitchen is a full bathroom. 🚿 Upstairs there are 2 bedrooms, each with ocean views, that share a large terrace and a full bathroom. 🌅🛏️

Now, let’s explore the second structure on the property, a charming one-bedroom haven. 🏠🛌 This self-contained unit is perfect for guests or generating additional rental income. On the ground floor is one bedroom with AC, a full bathroom, and a closet. 🚽❄️🚪 Then on the second level of this structure is an open-air kitchen and living room with an ocean view. 🍳🌊🪟

The last structure is not permanent, it is a Taino inspired tiki hut with a bed and desk inside. 🏠🏞️ This tiki hut unit earns about $30USD per night when rented alone or can be rented along with the 2-bedroom house for an extra $15 a night. 🪙🌴 Behind the tiki hut is an outdoor kitchen complete with a sink, bar fridge, and gas stove top. 🍽️🏖️

Building Potential 🏗️🏡

The possibilities here are endless. Create your own garden oasis, add a refreshing pool, or design a barbecue area for memorable gatherings. 🌴🏊‍♂️ The size and layout of the property allow you to embrace your imagination and make it your own. The construction was designed so that a 3rd level can be easily added so you can easily build an additional unit on each of the 2 cement structures. The outdoor kitchen can be expanded upon to create an impressive outdoor bar area, and the wood shop outside can easily be turned into a guest room or an additional rental unit. Currently, this property offers a studio, a 2-bedroom, and a 1-bedroom, with an additional investment at least 3 more units can be added to this without using any of the yard space. 🏗️🏠🌳

Location, Location, Location! 🌍📍

Let’s not forget about the location! Situated in the booming capital of surf in the Dominican Republic, you’ll have access to some of the best waves in the Dominican Republic. Enjoy a vibrant community with local shops, restaurants, and a laid-back lifestyle that’s hard to resist. There is also the major convenience of having several restaurants, shops, markets, and attractions all within walking distance. 🏄‍♂️🌮🛍️

Playa Encuentro is a surf beach community located between Perla Marina and Costa Azul. 🌊🌴

Anyone who owned land in Playa Encuentro 5 years ago has seen its value go up over $120USD per square meter. The reason this neighborhood has become so popular is because it is centered around the sport of surfing. Cabarete is now officially been named the Surf and Wind capital of the Dominican Republic, and the center of surfing is Playa Encuentro. 🏄‍♀️🏄‍♂️

What was once just a few villas and condominiums has now grown into a bustling community with a food truck park, 2 skate parks, beachfront restaurants, a plaza with shopping, offices, and restaurants, there are 2 separate gyms, and 2 separate stores for groceries, an ATM machine and now 3 schools. 🍔🏢🛒

There have been 4 new condominiums built in Encuentro and plans for over 200 more to be completed in the next 5 years. Because of its world-class waves, friendly community, and surf tourism, this community has seen incredible growth. 🏄‍♀️🏢🌴

People wanted to spend time in Playa Encuentro when there was nothing to do but surf, now with its many businesses, people don’t want to and don’t need to leave. 🏄‍♂️🌴🍔

To schedule a showing contact Gigi Tea. 📞📅🏡

Features

Property on Map

Have Questions About Life in the Dominican Republic?

Ask anything about living, buying, investing, or relocating to the Dominican Republic.

💰 What’s the cost of living?
🏥 How does healthcare work?
🏡 Can foreigners buy property?

📈 What’s the rental income potential?
🛂 How do I get residency?
🏖 Which area is best for me?

Chat with RealtorDR AI Assistant

Powered by thousands of real buyer conversations, local expertise, and hundreds of DR listings.

What people who were once in your shoes have to say

Jessica Fernandez

I had the pleasure of working with Cornell Wilson last month to purchase a piece of land in Sosúa. From start to finish, he made the entire process straightforward and stress-free. Since I was unable to travel to the Dominican....

Judit Ronai

I loved Natalie`s personality, beauty, kind confidence and professionalism, more importantly, she truly understands the DR real estate market! At first, I didn’t like what she had to say about my dearly loved property. Natalie was refreshingly-and sometimes brutally-honest. She....

HABI DOMINICANA

We listed a property exclusively with Realtor DR, and the experience was excellent from start to finish. Brett Henry handled the exclusive listing, and from the beginning of the process through the final closing, which was managed by Hennah Pérez,....

Lolo Manso

(Translated by Google) I want to thank Hennah Pérez for her professionalism and excellent work, which made one of my dreams come true by helping me acquire a wonderful property in Cabarete. The transaction was quick and efficient. Thanks again,....

Barb Pellerin

We met with Audrey and her knowledge of the market was immediately evident. This made us feel confident in having her sell our property. Additionally, the RealtorDR organization was behind her providing a legal team, along with a large team....

Andrew Bell

I recently purchased a villa in Dominican Republic, and I can’t recommend my agent, Cornell, enough. He was outstanding throughout the entire process, handling every detail with care and professionalism. Even when challenges came up, I felt confident knowing I....

FAQs

Yes! The buying process for foreigners and Dominicans is exactly the same. No matter your citizenship status, you can own property in the DR.
Closing costs are typically 3.5% additional to the sales price. 1% would be for the lawyer’s fees and 2.5% go straight to the government for title transfers and taxes.
Not only can you receive quality healthcare in the DR, it is very affordable. A standard visit to your General Doctor would cost less than $25 USD without insurance and you can get a top tier insurance policy for $400 USD per year.
Yes. Property taxes are 1% per year of the appraised value of the property in the tax office of approximately over $150,000USD. So if your property is officially valued at $200,000USD, you would pay 1% yearly property taxes on just $50,000USD.
The DR’s policy for extended stay of non-residents is one of the most relaxed in the world. You only need to pay a fee if you stay longer than your tourist visa. Your tourist visa from the airport expires in 30 days, so if you leave 30 days – 3 years after your visa expires, you will pay a fee at the airport that is calculated based on how long you stayed.
No. It is just as easy to own property in the Dominican Republic for citizens as it is for visitors. That being said, getting residency in the DR is a straightforward yet lengthy process that can be beneficial for some.
For non-residents it is possible to get financing from local banks like Scotiabank or Banco Popular however, it is not common and most property transactions in the DR are cash purchases. Having residency or citizenship in the Dominican Republic can be advantageous when getting financing to buy property.