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For Sale Condo Featured EXCLUSIVE LISTING

🌴 OCEAN VIEW APARTMENT FOR SALE IN MAREAL CABARETE WITH 100K DOWN– RESORT-STYLE AMENITIES & TROPICAL LIVING

$186,000

Mareal Cabarete, Cabarete, Dominican Republic- RealtorDR-

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EXCLUSIVE LISTING

🌴 OCEAN VIEW APARTMENT FOR SALE IN MAREAL CABARETE WITH 100K DOWN– RESORT-STYLE AMENITIES & TROPICAL LIVING

Property ID – RDR-67919-property
Address – Mareal Cabarete, Cabarete, Dominican Republic- RealtorDR-

Price

US $186000

Overview

|
Property ID : RDR-67919-property
Featured
Bedrooms
1
Bathrooms
1
Area
59 sq m
Seller Financing
Available
Gated Community
Yes
HOA
$129
Construction
Already Built
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Description

🌴 Already built ocean view apartment in Mareal Cabarete with generous open space was planned to host the amenities such as a 27 meter pool, a roomy 12 person jacuzzi, a gazebo for member’s activities and a gym.

All of this surrounded by a beautiful lush garden that provides coziness and shade.

Financing available:

The financing works as follows:

  • The new buyer would make a $100,000 down payment and then deal directly with the developer. The buyer would be the first owner listed on the title, which is a significant advantage.
  • The remaining balance can be financed through the banking institutions that work with the developer. The developer offers financing options and support similar to what would be available to an original purchaser of the unit.
  • The loan term, financing amount, and interest rate will depend on each buyer’s individual circumstances, including their financial profile and credit history. Therefore, the specific financing conditions will be determined on a case by case basis by the lending institution.

About the Area 🌴

Cabarete is easily one of the favorite places on the North Coast of the Dominican Republic. 

Cabarete Beach, known for its world-class kitesurfing and windsurfing scene. Explore the charming town center lined with artisan shops, where the laid-back atmosphere merges seamlessly with the energy of the local bars and cafes. 

Whether you’re seeking adventure in water sports, savoring culinary delights, or simply soaking up the sun on the beach, this is your gateway to an exceptional coastal lifestyle in Cabarete. 

Major Airports ✈️

31 minutes from Gregorio Luperón International Airport (POP) 

90 minutes fromSantiago de los Caballeros International Airport (STI) 

3.5 hours fromLas Américas International Airport (SDQ) in Santo Domingo

Features

Property on Map

Mortgage Calculator

25 Years Fixed
7.95% Interest
  • Principle and Interest

Vanessa Gutierrez

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What people who were once in your shoes have to say

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.

Vanessa Gutierrez

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