The villa that deconstructed the real estate market in the Dominican Republic
Investing in the Dominican Republic takes some time spent on a computer searching Google and other search engines for information on the best real estate listings, and in the case of higher income bracket individuals, that includes beach and ocean front properties. Most people call or email realtors inquiring for a beach front villa or house meeting certain criteria and price; just to realize the truth: there are fewer and fewer ocean front homes available in the island, because nice vistas usually carry a high price tag. Beach land is costly, though as in any other market there`s always hidden gems to discover.
One such listing that might influence the market is a villa built 10 minutes away from Cabarete that seems to be flawless in terms of amenities. Its main building has a custom design facade of old Spanish style with subtle strokes of a more modern architecture. Its 5 bedrooms include 2 in the second floor with amazing vistas of the ocean, and the beach just beyond the fence. Tall cathedral wooden ceilings grace the mezzanine connecting the villa in the second level, with glass windows bringing in the ocean views. The living room below has plenty of space for fine furnishings, and the luxury kitchen in white painted wood and black counter tops perfectly match the tropical decoration in the house.
The villa has a nice classic design, with a bar and swimming pool standing between the main house and the beach, which also has breathtaking ocean views.
Buying the same villa in Sosua, Puerto Plata or Cabarete`s main communities nearer to kite beach would cost around US$1.6 mm or higher, and maintenance would be also far more expensive. Beach houses in Sosua and nearby tourist areas are considered expensive because there`s just a few with beach front or ocean view land. Kilometers of beach await the new owners of the villa, and it means paying US$485k for the villa and 2,575 m2 of land or close to one million dollars for the entire walled property with its guest house and other buildings ( over 900 m2 of construction ).
For those who really want it all, there`s even more land available in the back of the house, around 6,000 extra meters that would probably be cool if the plan was to create bungalows for a surf camp or a beach hotel concept. In any case, this can be called the flawless beach villa away from everything and yet close enough to make it worth owning. Golden Treasures Real Estate can sell this property as a fractional ownership between two or more people, to split the purchase costs, usage and maintenance. Since the market is shaking due to the world economic crisis, this property is expected to sell sooner than most. See more of this Cabarete villa for sale.
Cabarete is one of the nicest places in the Dominican Republic, world famous for its active water sports life.