Caribbean MLSReal Estate

Beach Apartment Penthouse in Punta Cana

Available on request

The brief

The reason to consider it.

Two-story penthouse-type condo with three bedrooms, three full bathrooms, kitchen with laundry room, living room with balcony, and a rooftop terrace.

The condo is fully furnished and equipped. All carpentry such as kitchen, doors, and closets are finished in mahogany wood.

This penthouse is part of a community with 44 condominiums in Cortecito, Bavaro, near the beach and all amenities, shopping, and entertainment.

The property is a good rental investment due to the fact that this return on investment in the past 4 years was an average 8% per year.

The community services and amenities include controlled access, 24-hour security, lobby, gym, swimming pool, gazebo area, and assigned parking.

Last confirmed

Type
Apartment
Land
Available on request
Year built
Available on request

What this listing includes

  • Balcony
  • Kitchen
  • Laundry
  • On-site security
  • Lobby
  • Fitness centre
  • Pool
  • 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