Property Type: Land

Location: North Coast > Rio San Juan

For Sale Land

🏝️ SEASIDE PARADISE: PRIME LAND FOR A SPECTACULAR HOLIDAY RESORT

$16,500,000

Rio San Juan, Dominican Republic-RealtorDR-

🏝️ SEASIDE PARADISE: PRIME LAND FOR A SPECTACULAR HOLIDAY RESORT

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WhatsApp Image 2024-01-19 at 13.25.08 (1)

For Sale Land

🏝️ SEASIDE PARADISE: PRIME LAND FOR A SPECTACULAR HOLIDAY RESORT

$16,500,000

Rio San Juan, Dominican Republic-RealtorDR-

🏝️ SEASIDE PARADISE: PRIME LAND FOR A SPECTACULAR HOLIDAY RESORT

Property ID – RDR-49605-property

Address – Rio San Juan, Dominican Republic-RealtorDR-

Price

US $16500000

Overview

Property ID : RDR-49605-property

Lot Size

255000 sq m

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Description

Nestled near the enchanting Rio San Juan, this extraordinary piece of land offers a golden opportunity to bring your resort dreams to life. With an expansive 255,000 square meters of pristine beauty, this beachfront property is a canvas for crafting an unparalleled destination for relaxation and recreation. 🏝️🌅

Golf enthusiasts will be delighted to discover that the property is conveniently located near the prestigious GolfClub Amon Rio San Juan. ⛳

Don’t miss out on the chance to transform this canvas into a signature holiday resort that will captivate visitors and stand out as a gem along the Rio San Juan coastline. Act now to secure this slice of paradise and turn your vision into a reality.

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Term

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Down Payment

25 Years Fixed

6.95% Interest

Principle and Interest

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Brett Henry

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What people who were once in your shoes have to say

FAQs

Can foreigners buy property in the DR?

Yes! The buying process for foreigners and Dominicans is exactly the same. No matter your citizenship status, you can own property in the DR.

What are the additional costs in a real estate transaction?

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.

Can you receive quality healthcare in the DR?

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.

Are there additional costs to home ownership?

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.

How long can I stay in the DR?

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.

Do I need to get residency if I own property in the DR?

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.

Can I get financing from a Dominican bank if I am not a resident?

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.

🏝️ SEASIDE PARADISE: PRIME LAND FOR A SPECTACULAR HOLIDAY RESORT

🏝️ SEASIDE PARADISE: PRIME LAND FOR A SPECTACULAR HOLIDAY RESORT

🏝️ SEASIDE PARADISE: PRIME LAND FOR A SPECTACULAR HOLIDAY RESORT

Price

US $16500000

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