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Exceptional luxury development of Penthouse with high end finishes and extensive rooms located on the beachfront of Playa Portillo, a short 2 minutes drive to the active beach of Punta Popy in Las Terrenas and 5 minutes to the center.
The project will be very intimate with 3 detached buildings on 3 floors. Each building will be composed of 3 Penthouse in total:
Bloc B: 3 Penthouses with private rooftop pool | Price : 425,000 US$
Bloc C: 2 Penthouses with private rooftop pool | Price : 415,000 US$
The project benefits of the Certification CONFOTUR (Law 158-01) which offers a 15 years Tax exemption for the first owners in the project:
- Exemption from the 3% Transfer Tax for the transfer of the title
- Exemption from the 1% Annual Property Tax (IPI)
- Exemption from the Tax on Capital Gain when reselling the property
- Exemption from the Tax on rental income
The project enjoys a prime location of choice on the first line of Portillo Beach, next to the famous beach restaurant “El Porto” and the “Mosquito Beach Bar”. The area is known for chic tourism.
The spacious condos feature an extensive covered patio with tropical gardens surrounding the property. Double glazed aluminum doors open fully to reveal vast living spaces, a comfy salon and Italian modular kitchen with island bar.
In the back one finds the large bedrooms with full en suite bathroom and Italian shower. On the upper level, one finds a additional room with a social area and a private swimming pool. The condos also offer a separate bathroom for guests. All rooms are equipped with air conditioning.
The project is built and developed by a recognized local architect-constructor with proven experience and success in Las Terrenas, Samana. The building quality is always of high standards and finished with the best materials:
- Coral stone floors
- Quartz worktops in the kitchen and island
- Brazilian oak for all cabinets and interior doors
- Double glazed sliding doors and windows in stainless steel
The apart-hotel will offer the following amenities for maximal comfort of its guests:
- Swimming pool
- BBQ area by the pool
- Laundry facility
- 24/7 security
The construction starts on July 2022 and will be completed in June 2024.
The payment terms are the following:
- US$5,000 to reserve your unit
- 5% at signature of the Promise of Sale (30 days from reservation)
- 20% at the beginning of construction
- 25% when the foundations and structures are complete
- 30% at the start of finishing phase
- 20% at reception of the keys
We highly recommend this project as a sound investment property with high returns, exceptional location and building standards. Success guaranteed!
HOA fees are estimated at US$ 1.5 per m² monthly, equivalent to 370 USD monthly for the penthouse units. They include internet, cable, security guard, maintenance and electricity in the common areas.
Luxury Penthouse in intimate beachfront community
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