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For Sale Condo PRE-CONSTRUCTION

THE WAVE PHASE 2 🌴 | Modern Condos for Sale in Playa Encuentro Near Cabarete

Starting at: $200,000

The Wave Condos, Cabarete, Dominican Republic-RealtorDR-

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PRE-CONSTRUCTION

THE WAVE PHASE 2 🌴 | Modern Condos for Sale in Playa Encuentro Near Cabarete

Property ID – RDR-67624-property
Address – The Wave Condos, Cabarete, Dominican Republic-RealtorDR-

Price

Starting at:

US $200000

Overview

|
Property ID : RDR-67624-property
Bedrooms
1
Bathrooms
2
Area
86 sq m
Year Built
2027
Seller Financing
No
Gated Community
Yes
HOA
$258
Tax Exempt
Yes
Construction
Pre-Construction
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Description

The Wave – Phase 2 🌴

Modern tropical condos in Playa Encuentro designed for relaxed Caribbean living and exceptional real estate investment potential on the North Coast of the Dominican Republic.

Phase 2 of The Wave introduces a new collection of contemporary condos in Playa Encuentro, one of the most sought-after beach communities near Cabarete and Sosúa. Famous for its surf culture, relaxed atmosphere, and growing tourism market, Playa Encuentro has become a prime location for buyers searching for investment property in the Dominican Republic, vacation condos near Cabarete, and modern Caribbean real estate opportunities. 🌊

This new residential development will feature 60 thoughtfully designed condos, each offering:

  • 1 Bedroom
  • 2 Bathrooms
  • 86 m² of construction

These modern condos in Playa Encuentro combine clean contemporary architecture with tropical design, creating comfortable living spaces ideal for full-time residents, digital nomads, retirees, and vacation rental investors.

Designed for both lifestyle and functionality, each residence offers bright open interiors, spacious layouts, and seamless indoor-outdoor living that reflects the natural beauty of the Dominican Republic’s North Coast. 🏡

While Phase 2 does not offer direct ocean views, it provides something equally valuable — access to the vibrant Playa Encuentro lifestyle at a more accessible price point within one of the fastest-growing real estate markets near Cabarete. Owners will still enjoy proximity to the beach, world-class surfing, beach restaurants, wellness spaces, and the growing international community that continues to drive demand for condos in Cabarete and Playa Encuentro.

Residents Will Enjoy Access To Premium Resort-Style Amenities Including:

  • Swimming pools with lounge and social areas
  • Poolside bar
  • Beachside restaurant
  • Modern clubhouse and community spaces
  • Fitness center
  • Children’s play area
  • 24/7 reception and onsite services
  • Rental management opportunities for vacation rental income

Built by the same trusted developer behind Ocean One, Ocean Dream, and Ocean Harmony in Cabarete, The Wave continues a strong reputation for delivering successful residential and investment properties on the Dominican Republic’s North Coast.

Located just minutes from Cabarete and close to Sosúa, The Wave Phase 2 offers a unique opportunity to own modern real estate in Playa Encuentro while enjoying the perfect blend of tropical living, investment security, and Caribbean lifestyle. ✨

🇩🇴 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

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25 Years Fixed
7.95% Interest
  • Principle and Interest

MacHenry RealtorDR

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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.

MacHenry RealtorDR

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