SOLD Sold After Jan 2025 Featured EXCLUSIVE LISTING

๐ŸŒŠ OCEAN VIEW CONDO IN ENCUENTRO โ€“ STRONG RENTAL INVESTMENT

SOLD $232,000 $242,000

Ocean Palms Residences - Cabarete, Cabarete, Dominican Republic-RealtorDR-

16 Photos
EXCLUSIVE LISTING

๐ŸŒŠ OCEAN VIEW CONDO IN ENCUENTRO โ€“ STRONG RENTAL INVESTMENT

Property ID – RDR-57866
Address – Ocean Palms Residences – Cabarete, Cabarete, Dominican Republic-RealtorDR-

Price

SOLD

US $232000

$242000

Overview

|
Property ID : RDR-57866-property
Featured
Bedrooms
2
Bathrooms
2
Area
86 sq m
Seller Financing
No
Gated Community
No
HOA
$275
Oceanfront
No
Tax Exempt
No
Luxury Listing
No
Construction
Already Built
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Have Questions About Life in the Dominican Republic?

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

๐Ÿ’ฐ What’s the cost of living?
๐Ÿฅ How does healthcare work?
๐Ÿก Can foreigners buy property?

๐Ÿ“ˆ What’s the rental income potential?
๐Ÿ›‚ How do I get residency?
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Description

SOLD

Nestled in the serene community of Ocean Palms Encuentro, this 2-bedroom, 2-bathroom ground-floor condo offers comfort, convenience, and investment potential in one of the Dominican Republicโ€™s most desirable locations.

Property Highlights:

  • Living Space: 88.62 mยฒ (953 ftยฒ) of thoughtfully designed living space
  • Bedrooms: 2 spacious bedrooms, perfect for relaxation or hosting guests
  • Bathrooms: 2 well-appointed bathrooms for added convenience
  • Ocean Views: Enjoy tranquil ocean views from your living space
  • Location: Ground-floor unit, just steps from the community pool for easy access and outdoor enjoyment

Community Features:

  • Prime Location: Situated just a short walk from the world-famous Encuentro Beach, known for its laid-back vibe and surfing culture
  • Amenities: A beautifully maintained pool, lush tropical gardens, and gated 24/7 security for peace of mind

Rental Management Options:

  • Take advantage of in-house rental management services, making it easy to generate rental income.
  • Alternatively, manage your property through third-party rental platforms for flexibility and broader reach.

Lifestyle:

Ideal as a primary residence, vacation retreat, or rental income property.

Why This Property?

โœ” Strong Rental Investment Potential: The condoโ€™s proximity to Encuentro Beach, combined with the vibrant expat and surfing community, ensures consistent demand for short-term and long-term rentals.
โœ” Turnkey Convenience: Benefit from in-house management services, or customize your rental approach with a third-party agency.
โœ” Desirable Features: Ground-floor access, poolside location, and ocean views make this property a standout for renters and owners alike.

This condo is the perfect opportunity for anyone looking to enjoy tropical living while making a smart investment.

๐Ÿ“ฉ Contact us today for more details or to schedule a showing!

Features

Property on Map

Have Questions About Life in the Dominican Republic?

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

๐Ÿ’ฐ What’s the cost of living?
๐Ÿฅ How does healthcare work?
๐Ÿก Can foreigners buy property?

๐Ÿ“ˆ What’s the rental income potential?
๐Ÿ›‚ How do I get residency?
๐Ÿ– 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 Sosรบa. 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 didnโ€™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 Pรฉrez,....

Lolo Manso

(Translated by Google) I want to thank Hennah Pรฉrez 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 canโ€™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 lawyerโ€™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 DRโ€™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 โ€“ 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.