SOLD Sold After Jan 2025

🏨INVESTMENT OPPORTUNITY – PRIME HOTEL AND CONDOMINIUM COMPLEX IN CABARETE 🌟

SOLD $4,600,000

Cabarete, Dominican Republic

22 Photos

🏨INVESTMENT OPPORTUNITY – PRIME HOTEL AND CONDOMINIUM COMPLEX IN CABARETE 🌟

Property ID – RDR-47293
Address – Cabarete, Dominican Republic

Price

SOLD

US $4600000

Overview

|
Property ID : RDR-47293-property
Bedrooms
57
Bathrooms
57
Lot Size
8.331
Seller Financing
Available
Gated Community
No
HOA
$0
Oceanfront
No
Tax Exempt
No
Luxury Listing
Yes
Construction
Already Built
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Description

SOLD

Are you in search of a lucrative investment property in the Caribbean that promises a steady income, holds immense potential for increased revenue, and comes with seamless paperwork for a smooth takeover? Look no further than this exceptional hotel and condominium complex, Tropical Casa Laguna. This outstanding property is nestled in the heart of Cabarete, offering a host of compelling features that make it a true gem for investors. 🌴💎

Key Investment Highlights:

  1. Impressive 10% Cap Rate: Tropical Casa Laguna boasts a solid 10% capitalization rate, making it a compelling and potentially lucrative investment choice. 💰
  2. Prime Location in Cabarete: This strategically positioned complex sits just 100 meters from the mesmerizing Cabarete beach. On one side, guests have easy access to the vibrant town atmosphere, including its bustling nightlife, making it a magnet for global travelers. On the other side, the property is embraced by a serene national park featuring a freshwater lagoon, rare bird species, and breathtaking landscapes. 🏖️🌄
  3. Proximity to the Ocean: Guests of the complex can revel in the privilege of a mere 100-meter stroll to Cabarete’s stunning beach, recognized as a top 10 wind and water sports destination globally. 🌊
  4. Lagoon Serenity: Despite being a stone’s throw from the ocean, this property offers an exclusive and tranquil freshwater experience, set against the lush backdrop of a lagoon. 🏞️
  5. Security and Peace of Mind: Safety and well-being are paramount at Tropical Casa Laguna. The complex is safeguarded 24/7 by a dedicated team of professionals and state-of-the-art surveillance systems, ensuring a secure and peaceful environment. 🚨🏢
  6. Dining and Shopping: The central location of Cabarete provides guests with a myriad of dining options, from delicious local Dominican cuisine to international flavors. Nearby shops offer a delightful shopping experience, making it ideal for those in search of souvenirs and unique finds. 🍽️🛍️
  7. Vibrant Nightlife: Cabarete’s nightlife scene is renowned for its energy and excitement. As part of the complex’s central location, guests can immerse themselves in the town’s vibrant nightlife. After a day of beach activities, they can explore various bars, clubs, and entertainment venues for memorable evenings. 🌃🍹
  8. Airport Accessibility: Puerto Plata Airport is conveniently located just a 25-minute drive away from the hotel, ensuring hassle-free access for guests traveling domestically or internationally. ✈️

Exceptional Amenities and Accommodations: With 57 luxurious hotel rooms, private pools, and alluring lagoon views, Tropical Casa Laguna is a sought-after destination that caters to the desires of travelers looking for relaxation, adventure, and a touch of luxury by the beach. 🏨🏊‍♂️🌅

Expansion Opportunities:

  • Unused Land: The property includes undeveloped land suitable for constructing two additional buildings, offering an exciting opportunity for expansion, increased rental income, and property value. 🏗️
  • Individual Titles for Hotel Units: The 57 individually titled units within the hotel complex offer flexibility for resale, leasing, or further development, enhancing the property’s versatility. 🏢📜
  • Restaurant with Untapped Potential: A 650-square-meter restaurant space, fully equipped with industrial facilities, presents untapped income potential. Leasing or operating this restaurant could significantly boost the property’s financial performance. 🍽️💼

This is a rare well-diversified investment opportunity, a business with a proven track record of income generation. It provides a solid foundation of HOA fees and commercial rentals for steady cash flow. The potential for expansion, individual unit titles, the utilization of the restaurant space, and the included casino license make this property an attractive choice for investors seeking immediate returns and long-term growth. Careful consideration of the property’s current and potential income streams makes it a compelling investment for those looking to enter the real estate market with a strong and dynamic asset. Don’t miss out on this prime opportunity in the Caribbean’s gem, Cabarete. 🏝️🤑

Features

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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

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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.