Caribbean MLSReal Estate

Mirador Norte Lots

Not published

The brief

The reason to consider it.

Excellent investment opportunity in one of the most privileged areas of Santo Domingo. Two adjacent lots are for sale, with a total area of 3,000 square meters, located on a corner facing the beautiful Mirador Norte Park.

The property is on a main avenue, which guarantees high visibility, easy access, and a high flow of both vehicular and pedestrian traffic. Its location makes it ideal for residential developments (apartments) or commercial projects (commercial plazas, retail spaces, offices, etc.).

An investment with high added value and excellent potential for urban growth.

Last confirmed

Type
Land
Land
32,292 ft²
Zoning
residential or commercial
Permitted uses
Apartments, Commercial plazas, Local comercial, Offices

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