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For Sale Condo

🏡 FULLY FURNISHED STUDIO WITH TERRACE & POOLS IN PROCAB – GREAT RENTAL POTENTIAL

$125,000

ProCab Calle B, Cabarete, Dominican Republic-RealtorDR-

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🏡 FULLY FURNISHED STUDIO WITH TERRACE & POOLS IN PROCAB – GREAT RENTAL POTENTIAL

Property ID – RDR-62107-property
Address – ProCab Calle B, Cabarete, Dominican Republic-RealtorDR-

Price

US $125000

Overview

|
Property ID : RDR-62107-property
Bedrooms
S
Bathrooms
1
Area
42 sq m
Seller Financing
No
Gated Community
Yes
HOA
$130
Tax Exempt
No
Construction
Already Built
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✨ Step into this inviting 42.5 m² studio nestled in the peaceful Almendra neighborhood of Procab. Fully set up and freshly painted, it’s ready to move into or rent out immediately. A private covered terrace provides a quiet spot to enjoy your morning coffee or unwind in the evenings.

The community includes two swimming pools with a jacuzzi, green spaces, a barbecue and reading terrace, and a rooftop area with additional barbecue facilities. Laundry facilities with washers and dryers are available, along with convenient parking on both sides of the property.

Just a short five-minute stroll brings you to the town center, where restaurants, shops, beaches, and local attractions are easily accessible. The monthly HOA fee of $130 covers exterior maintenance, security, water, Wi-Fi, cable TV, and waste disposal. Pets are not allowed.

This studio combines a relaxed atmosphere with strong rental potential, making it an attractive option for anyone looking for a quiet retreat close to town.

🇩🇴 About the Area 

ProCab is a wonderful gated community located between Janet’s supermarket and Cabarete’s center. ProCab is a small community with land, villas, and condominiums, all walking distance from the town and the beach. Being close to the town center gives Pro-Cab the convenience of location to shops, supermarkets and restaurants, while still being tucked away in a quiet and green oasis. The community borders along a protected laguna full of lush, green, wild growth. It has safe paved roads and speed bumps to control traffic speed for your safety and that of your family. ProCab has space for you to run, walk your dogs if you have, or to safely ride bicycles.

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25 Years Fixed
7.95% Interest
  • Principle and Interest

Kat Herrera

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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.

Kat Herrera

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