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For Sale Land LOT

PANORAMA VILLAGE SOSUA | 4,558 m² LOT WITH UTILITIES 🌿

$185,000

Panorama Village, Sosua, Sosúa, Dominican Republic-RealtorDR-

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LOT

PANORAMA VILLAGE SOSUA | 4,558 m² LOT WITH UTILITIES 🌿

Property ID – RDR-66765-property
Address – Panorama Village, Sosua, Sosúa, Dominican Republic-RealtorDR-

Price

US $185000

Overview

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Property ID : RDR-66765-property
Lot Size
4558 sq m
Seller Financing
No
Gated Community
Yes
HOA
$475
Tax Exempt
No
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Description

Spacious 4,558.31 m² homesite located in the sought-after residential community of Panorama Village in Sosúa. The lot is fully serviced with water and electricity already connected, making it ready for immediate development.

Set within a peaceful hillside environment, this property offers the perfect setting to build a private residence or investment home surrounded by nature, with refreshing breezes and beautiful views typical of the area.

Panorama Village is known for its large lots, privacy, and natural beauty, with mature trees and a tranquil atmosphere that promotes a relaxed Caribbean lifestyle. The community maintains architectural guidelines to preserve harmony and long-term value, making it an attractive option for both homeowners and investors. Residents enjoy 24-hour security, an on-site aqueduct, backup power, and modern infrastructure, all while being just minutes from the beaches, restaurants, and amenities of Sosúa.

Whether building a full-time residence or a vacation home, this property presents an excellent opportunity to own land in one of the North Coast’s most established and desirable communities.

Features

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25 Years Fixed
7.95% Interest
  • Principle and Interest

Brett Henry

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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.

Brett Henry

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