Last apartments available for sale in one of the most exclusive communities of Las Terrenas, Dominican Republic. The residences are located in Playa Portillo, on the front of an idyllic beach, 5 minutes driving from Punta Popy and the touristy center. The residences are in a luxury resort area and a only few steps away from the Kite surfers’ beach.

The community is built around different atmospheres:

• The Beach villas which are next to the turquoise waters and white sand:
  • • 3 units left – 3 bedrooms – 2,874 ft² (267 m²) – US$468,100

• The Island villas sitting in the middle of a small island and surrounded by spring water
  • • 2 units left – 3 bedrooms – 2,174 ft² (202 m²) – US$353,000

The apartments are sold with a fully equipped kitchen. There is central air conditioning in all rooms. The HOA fees are US$0.27 per ft² (US$3 per m²).  The units are sold without the furniture.

The community benefits from the Certification CONFOTUR which exempts first owners of all property taxes for 15 years:

• No 3% tax on transfer of property
• No 1% yearly property tax (IPI)
• No tax on rental income

Amenities:

• Beach club with restaurant and bar
• Swimming pool and solariums
• Gym
• Massage area on the beach
• Security 24/7
• Reception desk
• Rental Management

Owners have the possibility to leave the rental management to the local team or manage their rental individually through AirBnb, Booking or other rental platforms.

These apartments are sold well below their market value and we expect a strong capital gain on these units. The rental rate is on average US$450/night for the Beach Villas and Island Villas.