Located mere steps from the ocean, this exquisite 4-bedroom, 4.5-bathroom property epitomizes coastal luxury. Every room in the house offers stunning views of the ocean, providing a constant reminder of the beauty of seaside living. Each bedroom is a private sanctuary, complete with its own en-suite bathroom, ensuring maximum comfort and convenience for guests. The spacious living areas are tastefully furnished and flooded with natural light, creating a serene ambiance for relaxation and socializing. Whether enjoying al fresco dining on the patio or taking a leisurely stroll along the shore, the ocean is always within reach, offering endless opportunities for outdoor enjoyment. With its prime location and unmatched amenities, this property is the ultimate seaside retreat, perfect for creating cherished memories with loved ones.
Property Type: Villa
Location: North Coast > Playa Laguna > Sosúa
🏡 SEASIDE OASIS: SPACIOUS 2-Story HOME WITH BREATHTAKING OCEAN VIEW IN SOSUA
$549,900
Playa Laguna, 57000, Dominican Republic -RealtorDR
🏡 SEASIDE OASIS: SPACIOUS 2-Story HOME WITH BREATHTAKING OCEAN VIEW IN SOSUA
$549,900
Playa Laguna, 57000, Dominican Republic -RealtorDR
🏡 SEASIDE OASIS: SPACIOUS 2-Story HOME WITH BREATHTAKING OCEAN VIEW IN SOSUA
Property ID – RDR-8978-property
Address – Playa Laguna, 57000, Dominican Republic -RealtorDR
Price
US $549900
Overview
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Property ID :
RDR-8978-property
Description
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25
Years Fixed
7.95%
Interest
- Principle and Interest
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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.