Caribbean MLSReal Estate

2-bedroom condo in Cabarete, Sosua, Dominican Republic

Available on request

The brief

The reason to consider it.

Two-bedroom condo of 122 m² in the Cabarete project, located on the beachfront in Cabarete, Sosua, Puerto Plata, Dominican Republic. The unit is on the 1st floor of a completed development (Jan 1998) and is sold fully furnished.

  • 122 m², 2 bedrooms (both en-suite), 2 bathrooms, 2 balconies with sea and pool views
  • Open-plan kitchen, living and dining room; 1 storage room; fully air-conditioned; ceiling fans
  • Gated community with 24/7 security, on-site parking
  • Private pool access and landscaped garden areas
  • CAM fee: €489/mo; stated gross rental yield: 9%

Included in the monthly fees are security, maintenance of the outside areas and twice-weekly cleaning of the apartment.

Year built
1998
Type
Condo
Land
Available on request

What this listing includes

  • Private pool
  • Garden
  • Terrace
  • Balcony
  • Air conditioning
  • Furnished
  • Parking
  • Gated community

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