Caribbean MLSReal Estate

3 Bedroom Beachfront Condos for Sale, Ocean Bay, Bavaro Beach, Punta Cana

Available on request

The brief

The reason to consider it.

Ocean Bay Condominiums

This is a prime opportunity to purchase new construction beachfront condos at Ocean Bay, a contemporary development located on the last stretch of undeveloped Bavaro Beach in Punta Cana, Dominican Republic. Ocean Bay features 196 units, offering beautiful views of the white sand beach and the turquoise Caribbean Sea.

Unit Details

All 1 and 2 bedroom units have sold out. A limited number of 3 bedroom units remain available. These units come complete with premium finishes, including contemporary Italian kitchens and bathroom fixtures and fittings from Hansgrohe and Duravit.

Amenities and Services

Residents and guests benefit from amenities and services including:

  • A private beach club
  • Swimming pool
  • Fully-equipped fitness center and spa
  • Restaurant and bar
  • Parking
  • 24-hour security

Investment Potential

Located in Punta Cana, the leading tourism destination in the Dominican Republic, an investment in these condos offers the opportunity for high income-generating potential, with rental yields estimated by the developer at up to approximately 10%. Hassle-free ownership is provided via professional management.

Tax Benefits

This development is approved for the Dominican Republic’s “CONFOTUR” program, offering attractive tax incentives for investors. Investors benefit from a 15-year exemption from property tax and transfer tax.

Location

Ocean Bay is ideally located within easy reach of a 27-hole golf course and is 8 minutes from the shops at the Palma Real shopping Center. Punta Cana International Airport and the Blue Mall are approximately 20 minutes away.

Type
Condo
Land
Available on request
Year built
Available on request

What this listing includes

  • Pool
  • Beachfront
  • Fitness centre
  • Spa
  • Restaurant or bar
  • On-site security
  • Parking

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