Caribbean MLSReal Estate

Bubali 73B Apartment 1

Not published

The brief

The reason to consider it.

Situated in the Bubali neighborhood, this apartment offers ample space and comfort. It includes a large living room, an open kitchen, and a garden for enjoying the outdoors. The apartment comprises two bedrooms, one bathroom, and an additional guest toilet. A fully fenced garden ensures privacy and security, with the convenience of private parking just outside.

While the apartment requires some renovation and care, it presents a great opportunity for customization. Currently, the apartment is already generating income through long-term rental with no Homeowners Association (HOA) in effect. Its location is ideal, being just a short walk from the scenic Eagle Beach. For daily needs, Cheng’s supermarket and Superfood are about a 10-minute walk away, along with popular dining spots like Madame Janette and Quinta del Carmen. The vibrant high-rise district is also just a 5-minute drive away.

NOTE: This apartment is leased under a long-term rental agreement for USD 1,200 per month, excluding utilities. The lease does not have an end date, and the Buyer must take over the existing tenant as part of the sale.

Last confirmed

Year built
2004
Type
Apartment
Land
1,485 ft²

What this listing includes

  • Air conditioning
  • Gated community
  • Garden
  • Parking

What people say about Aruba

Sources agree that foreigners can buy property in Aruba on the same footing as locals, with no nationality restriction.

  • Positive Foreigners may own property with no nationality restriction; same process as locals
  • Mixed Freehold (eigendom) and long lease (erfpacht, usually government land, often 60 years) both exist; leasehold is tradeable and mortgageable
  • Mixed Transfer tax rate is described inconsistently: tiered 3%/6% (law firm) vs flat 6% (expo article)
  • Mixed Owning does not give residency; non-resident stay limit reported as 180 days by one source, forum member asks if it fell to 90

Read what people say, based on 13 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