Las Terrenas Luxury Villa For Sale
We are proud to announce a brand new private gated development of Villas and Villa Penthouses.
The apartments have already been granted the CONFOTUR law 158-01 which means all buyers are
FREE FROM TAX FOR 15 YEARS
No 3% purchase tax
No 1% living tax
No capital investment tax
No rental income tax
These are ideal for people looking for rental investment property or a great place to live full time.
The development will consist of 16 units in total comprising of 7 villas with private pools and 9 Villa penthouses around a common pool.
The location is ideal as its within a 2 minute walk to the beach at Punta Popy with its bars and restaurants, its only a further 10 minutes to walk to the centre of Las Terrenas with all its shops and attractions.
The development will be fully enclosed and have an electronic gated entrance with a security guard building with 24/7 security and cameras.
There will be a large backup power generator to ensure 24/7 electric supply to common areas and all properties.
There will be a reception building that will run the administration and have a full rental management service for owners who want to rent out their properties.
The return is expected to be around 7% per annum
Maintenance of all areas including both private pools and gardens along with LPG gas, back up power is included in the monthly fees.
The Las Terrenas Luxury Villa For Sale will have solar hot water systems and rain water collection to compliment the city water supply.
This villa is one of the six duplex villas being built.
The design is modern contemporary with villas being open plan with the idea of outside inside living they are built over two floors.
There is a private enclosed garden with outside terrace ideal for dining a private swimming pool and carport.
The Las Terrenas Luxury Villa For Sale are constructed to seismic standards and the aluminium windows are to hurricane standards.
The open plan living space has areas for both dining and a lounge there is a half bathroom and stair case to the second floor.
The kitchens come fully fitted and are an Italian modular design with stainless steel appliances and granite counters and a small laundry area.
The sanitary wear is all imported and of a high quality with feature tiling on floors and walls in all bathrooms.
The second floor will consist of a master bedroom with en-suite bathroom plus two further double bedrooms with closets and a separate bathroom.
All bedrooms have inverter air-conditioning units and the living areas are pre-wired.
TV is pre-wired in all bedrooms and the living room.
There are limited garages available for US$15,000
The Las Terrenas Luxury Villa For Sale are in construction phase started May 2019 construction time being 9 months.
The COVID has delayed the build it will be finished January 2021
Phase 1 will be the 7 villas and all administration buildings and infrastructure.
The second phase is planned to start in the Spring 2021 again with the build scheduled for 9 months.
However due to sales and demand this phase may have to be brought forward and run in line with Phase 1
The payment structure is as follows
5% reservation fee
30% when the construction starts
30% when the roof on the first floor is finished
20% when the second floor roof is finished
10% when you receive the finished house
5% when you receive the property title
7% rental return
Water filtration for the project with rain water collection
Top grade imported aluminum windows
Premium Italian modular kitchens
Concrete paved interior street with LED lighting
Community Pool with jacuzzi
Quartz worktops
Brazilian oak woodwork (Roble)
Fiber optic internet, Common Wifi
Security video surveillance 24/7 cameras
Ceramics 60 x 60 and coraline on the terraces
Coraline in the bathrooms
Perimeter wall of the development is 2.50 m in height
Automatic Gate and the control of access to the residential area
Premium bathroom accessories, showers and faucets
LED Lighting
Lobby with car rental service / Management / concierge
Electricity 24/7 is guaranteed by the use of a backup power plant.
TGM Inverters low consumption air conditioners
PER Plumbing
Common LPG Gas to all property
This is a great new development I know the owner very well he is a good friend
I highly recommend consider buying one of these Las Terrenas Luxury Villa For Sale