SOLD Sold After Jan 2024

Luxurious Tropical Retreat in Encuentro, Cabarete.

SOLD $489,000

Encuentro Beach, Dominican Republic, Dominican Republic-RealtorDR-

26 Photos

Luxurious Tropical Retreat in Encuentro, Cabarete.

Property ID – RDR-51832
Address – Encuentro Beach, Dominican Republic, Dominican Republic-RealtorDR-

Price

SOLD

US $489000

Overview

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Property ID : RDR-51832-property
Bedrooms
4
Bathrooms
3
Lot Size
388 sq m
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💰 What’s the cost of living?
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🏡 Can foreigners buy property?

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🛂 How do I get residency?
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Description

SOLD

Dive into the beauty of the Caribbean and step into your ultimate tropical retreat here in Encuentro, Cabarete!

Inside, this beautifully furnished and fully equipped villa is adorned with high-end finishes, including air conditioning and a gourmet kitchen. With four bedrooms and three bathrooms there is ample space and privacy. From the terrace you can relax and enjoy stunning blue ocean views.

This property boasts two distinct apartments, each with its own private entrance, ensuring privacy and convenience for guests. Connected by an internal staircase, these living spaces offer flexibility; you can rent each unit separately, combine them for a full property rental, or live in one while renting out the other. With multiple options available, you can customize your arrangement to suit your preferences. Additionally, both apartments feature their own kitchen allowing for independent meal preparation.

Step outside and immerse yourself in the serene ambiance of the glistening private pool which is perfect for enjoying the warm Caribbean sunshine, nestled among swaying palm trees and complemented by a cozy cabana. Whether you’re starting your day with a refreshing yoga session or sipping your morning coffee, the cabana provides an ideal spot to relax and rejuvenate.

Surf enthusiasts will delight in the proximity to the world renowned Encuentro beach, just a short stroll away, offering easy access to catching waves and embracing the beach lifestyle.

Find serenity and style at this peaceful retreat… contact us today to book a showing!


Financing Available: Up to US$ 150k can be financed directly with the seller for 3 years with 8% interest.

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.