Caribbean MLSReal Estate

031 Condo | 031 Tower – 1 Bedroom Apartment Off-Plan, Santiago

Available on request

The brief

The reason to consider it.

1-bedroom unit in 031 Condo, the first mixed-use tower in Santiago, located in the exclusive Reparto Panorama sector. Fully furnished. Features 1 bedroom, 1 bathroom, 62 m², and 1 covered parking space. Payment plan: US$85,000 now, 50% of the value during construction, and the remainder upon delivery. Project amenities include a 21st-floor restaurant, rooftop, equipped gym, swimming pool, sports bar with golf and Formula 1 simulators, ice plunge, helipad, co-working area, and conference room. Benefits from Ley CONFOTUR. An ideal model for short or long-term rentals (hotel management). High-appreciation location in Reparto Panorama, Santiago.

Last confirmed

Type
Condo
Land
Available on request
Year built
Available on request

What this listing includes

  • Parking
  • Furnished
  • Restaurant or bar
  • Rooftop pool
  • Fitness centre
  • Pool
  • Concierge
  • Conference room

What people say about Dominican Republic

Sources agree on the core of buying in the Dominican Republic: foreigners, including non-residents, can generally own registered property on the same terms as Dominicans, but the buyer's own checks do the protecting.

  • Mixed Hire your own independent Dominican lawyer and check the title (and deslinde) yourself
  • Concern Pre-construction projects can stall or lapse; deposits and CONFOTUR claims need verifying
  • Mixed Closing costs and annual tax: 3% transfer tax, legal fees, IPI above a threshold, CONFOTUR exemptions
  • Concern Property managers: fees vary widely and owner experiences are uneven

Read what people say, based on 15 sources

Cost of entry

The asking price is not what it costs.

What completing costs

US dollars

Who bears the transfer cost is market practice, not law