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For Sale Condo Penthouse Featured EXCLUSIVE LISTING

🌅 OCEAN VIEW PENTHOUSE FOR SALE IN ENCUENTRO | Rooftop Terrace, Financing Available

$350,000

Coconut Grove Residences, Cabarete, Dominican Republic-RealtorDR-

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EXCLUSIVE LISTING

🌅 OCEAN VIEW PENTHOUSE FOR SALE IN ENCUENTRO | Rooftop Terrace, Financing Available

Property ID – RDR-68691-property
Address – Coconut Grove Residences, Cabarete, Dominican Republic-RealtorDR-

Price

US $350000

Overview

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Property ID : RDR-68691-property
Featured
Bedrooms
2
Bathrooms
2
Area
100 sq m
Seller Financing
Available
Gated Community
No
HOA
$180
Tax Exempt
No
Construction
Already Built
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Description

🌊 Nestled between the vibrant towns of Cabarete and Sosua on the north coast of the Dominican Republic, this exquisite penthouse offers unparalleled 360-degree views of the mountains, ocean, and breathtaking sunrises and sunsets.

The apartment features two spacious bedrooms on the lower floor, each with its own private bathroom, ensuring comfort and privacy. The highlight of this property is its rooftop, the highest point in the Encuentro area, offering an unobstructed panorama that’s perfect for relaxing and entertaining.

Encuentro is a world-famous surfing and kiteboarding beach, making this location a paradise for water sports enthusiasts. Additional amenities include 24/7 backup electricity, a refreshing pool, a convenience store within the building, private parking, and round-the-clock security. The building is also pet-friendly, perfect for pet owners.

With easy access to the beach and ideally situated between Cabarete and Sosua, this apartment is perfect for those seeking a blend of luxury and convenience.

FINANCING AVAILABLE

10-Year Term (120 months)
Approx. monthly payment: $2,180 – $2,200/month

15-Year Term (180 months)
Approx. monthly payment: $1,650 – $1,700/month

(No prepayment penalty)

🇩🇴 About the Area 

Playa Encuentro, a vibrant community on the North Coast of the Dominican Republic, is renowned for its surfing scene and sustainable growth. Situated conveniently between Cabarete and Sosua, it offers easy access to amenities and attractions. Surrounded by lush scenery and a friendly atmosphere, it attracts surfers, families, travelers, and professionals alike. The neighborhood boasts a variety of dining options, recreational facilities, and a thriving beach culture. With recent developments including new condominiums and ongoing growth plans, Playa Encuentro remains a sought-after destination for residents and visitors alike.

Major Airports ✈️

  • 20 minutes from Gregorio Luperón International Airport (POP) 
  • 1:45 hours from Santiago de los Caballeros International Airport (STI) 
  • 4 hours from Las Américas International Airport (SDQ) in Santo Domingo

Features

Property on Map

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25 Years Fixed
7.95% Interest
  • Principle and Interest

Andy Jean

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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.

Andy Jean

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