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For Sale Condo Featured EXCLUSIVE LISTING

$75,000 DOWN – OCEAN VIEW CONDO FOR SALE IN ENCUENTRO 🌊

$170,000

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

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EXCLUSIVE LISTING

$75,000 DOWN – OCEAN VIEW CONDO FOR SALE IN ENCUENTRO 🌊

Property ID – RDR-66269-property
Address – Ocean Palms Residences – Cabarete, Cabarete, Dominican Republic-RealtorDR-

Price

US $170000

Overview

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Property ID : RDR-66269-property
Featured
Bedrooms
1
Bathrooms
1
Area
57 sq m
Seller Financing
Available
HOA
$180
Tax Exempt
No
Construction
Already Built
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Description
💰 Seller Financing Available!

Get this ocean-view apartment today with $75,000 down, followed by 3 years financing at 6%. The plan includes 9 payments of $4,000 every four months and 3 balloon payments of $23,500 at the end of each year.

Ocean Palms – Encuentro, North Coast

This cozy 1-bedroom, 1-bathroom apartment is located on the second floor and offers beautiful ocean views from the private balcony. Perfect as a vacation home, rental property, or beachside residence.

Apartment Features

• Bright living room
• Kitchen with small island
• Comfortable bedroom with en-suite bathroom
• Dual bathroom access (from the bedroom and living area – perfect for guests)
• Private balcony with ocean views

Prime Beach Location

Ocean Palms is walking distance to Encuentro Beach, one of the most popular surf destinations on the North Coast.

Community Amenities

• Swimming pool
• Secure condominium community
• Friendly international neighborhood
• Shared laundry facility

Great Investment Opportunity

Encuentro attracts surfers, digital nomads, and winter visitors every year, making this apartment an excellent rental investment.

🇩🇴 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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Mortgage Calculator

25 Years Fixed
7.95% Interest
  • Principle and Interest

Paola Villegas

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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.

Paola Villegas

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