| Description: Cabarete .
Is 1 acre-plus (4,252 m2) resort under development which offers an exceptional ROI on a retail condo complex or would be perfect for a small company's ownership as an employee retreat/convention center.
It would also lend itself well to being a family vacation tropical-isle-destination and could accommodate a whole extended family plus friends in comfort. It brings you that wonderful tropical climate and a personal touch - the feeling of neighborhood, serenity of a tropical paradise, and the comfort of home. This beautifully developing jewel within the Dominican Republic provides an incomparable island getaway, sports destination or exciting vacation-rental spot, along with excellent return on investment.
Its' location is ideal - on the edge of Cabarete (one of the most popular tourist towns on the island) and across the street from the ocean, where you can enjoy gorgeous mountain and ocean views. Minutes from the hopping night life in Cabarete, you can relax in serene tropical ambiance while enjoying a beverage poolside at the thatched roof bar, providing the best of both worlds.
The acreage has beautiful landscaping with many mature trees. Pick mangos from the upper condo balcony or avocados, guavas, chinola, citrus, breadfruit, coconuts and bananas from the garden when they're in season. The first condo building is completed and ready for occupancy, and has two 1 bed/1bath and two 2bed/2bath condos with tastefully designed, furnished interiors. The title, survey and building permit for an additional 5 buildings is included, each of which would also have two 1bed/1bath units on the lower level and two 2-bed/2bath condos on the second level, for a total of 24 condos with 36 bedrooms. Infrastructure on the project has been completed, including septic fields, plumbing, electrical, telephone and cable TV lines installed.
The gorgeous kidney shaped pool is approx 8m x 18m. and uniformly 1.5m deep, surrounded by a laja deck and 4 authentic palapas (thatched roof umbrellas). Next to the pool is the bar with a thatched roof, boasting an impressive curved 5 meter mahogany bar-top on the main bar and a 2.5m floating mahogany stand-up bar, both of which were hand-crafted on site by a master craftsman.
The original 240 m2 house has been renovated into a m2 space which would make an ideal restaurant or convention/meeting area.
Two bathrooms are located off the halls beside the main center area, and 4 other rooms which could be used as a kitchen, pantry, office and library/computer room are also adjacent to it. Along the west side of the building, with outside access, are two bathrooms to service the pool and bar areas.
Next to them is a common laundry room and an additional room which could be used as a retail space or an extension to the office inside. The flat roof is wired and plumbed, ready to build on a 500 sq. meter 3-bed/2bath residence , with a wide open concept and wrap-around balcony, designed to take full advantage of its' lush tropical surroundings.
Cabarete is rapidly expanding and currently enjoying a real estate boom where the property values in our area have more than doubled in the past two years. Condos Laguna is a gem of an affordable find in this exploding market.
The current land value is $ 400,000+ and the existing buildings and infrastructure add over $700,000 in value, with the option to complete the project for a $3 million value. This makes the price of $1,250,000 extremely attractive and an exceptional investment. For further details, please contact us by phone or email.
It's truly a *must-see-to-believe* magical spot and we invite anyone interested to come and see for themselves! We're unable to continue its' development due to recently arisen health issues, and are choosing *health over wealth* so have priced it to sell quickly to a qualified investor.
Financing available
Parking Spaces: 28
Features - Amenities
Furnished
Appliances
Pet Friendly
Laundry Room
Pool
Balcony
Terrace
Patio
Cable TV
Ocean View
Mountain View
Across The Street From Beach - With Access
On Main Road + At Edge Of Caberete
Phone Lines Installed
High-Speed Internet + Wireless Transmitter
Unlimited Hot Water On-Demand
Central Air-Conditioning
Inverter And Batteries
37.5KW Transformer
Well + 8000-Gal Cistern
Mature Landscaping
Numerous Fruit Trees
Restaurant Under Renovation
Thatched Roof Bar
4 Palapas Surrounding Pool
Dominican Republic Construction
Contact Agent
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: Christian Vogt: 7/24 Hotline : +1
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Listed by: Benno
Gabbey
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Listing ID : 67
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