Luxury Project in Intimate beachfront community
US$ 285,000+
Property ID 3029

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Description

Exceptional luxury development of condos 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 9 apartments in total:

  • 9 Penthouse with private rooftop pool | Starting Price : 415,000 US$
  • 9 Condos with private garden | Starting Price : 285,000 US$
  • 8 Condos on the 2nd floor | Starting Price : 285,000 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. 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:

  • Gym
  • Swimming pool
  • BBQ area by the pool
  • Laundry facility
  • 24/7 security

The construction starts on Julio 2022 and will be completed by December 2023.

The payment terms are the following:

  • US$5,000 to reserve your unit
  • 20% at the beginning of construction
  • 25% when the foundations and structures are complete
  • 30% at the start of finishing phase
  • 25% at reception of the keys

We highly recommend this project as a sound investment property with exceptional location and building standards. Success guaranteed!

HOA fees are estimated at US$ 1.5  per m² monthly, or US$ 200 for the 2 bedroom condos. They include internet, cable, security, maintenance and electricity in the common areas.

 

HIGHLIGHTS

Prime Beachfront Location | Luxury Rental | Quality Construction & Finishes

Amenities

swimming pool
parking
security 24/7
gated
gated community
air conditioning
wifi
optical fiber
rental management
watchman
security cameras
jacuzzi
emergency generator
laundry room
terrace
cleaning service
garden
gym
BBQ area
furnished
ceiling fans
elevator

location

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Luxury Project in Intimate beachfront community

US$ 285,000+

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Property ID 3029

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