Hacienda Samana Bay Luxury Apartments Dominican Republic

We are very excited to announce this new development of Luxury Apartments with Private Island Beach club.

A Luxury residential property development in Samana or given its proper title “Santa Bárbara de Samaná” the capital of the Peninsula of Samana.

Samana bay is renowned as one of the most beautiful in the world with its famous island of Cayo Levantado with its stunning beaches.

Samana is famous for watching the Humpback whales that come to the bay every year to breed, the Peninsula is an environmental gem of natural beauty that is protected by the government to ensure its remains free from high-rise buildings and mass urbanisation.

Samana has a natural harbour that is home to both private and tourist boats for hire, a long pedestrian malecon runs along the bay this offers facilities for both walkers, runners and cyclists to enjoy.

The Hacienda Samana Bay Luxury Apartments is being built on its own hill that covers almost 50 acre’s giving uninterrupted views of the beautiful bay.

This gated development will have over 400 residential properties offering all the services afforded a luxury hotel, a combination of apartments and condo hotel apartments.

These will be developed in planned phases, with phase one ground breaking starting June 2018, Phase one will consist of seven buildings each with four floors all facing the sea.

The first phase will include 228 total units with 175 underground parking.

The first two main buildings to be released in phase one are available now and consist of a 60-unit condo hotel and a 40-unit condominium.

All apartments have balconies and full views of Samana Bay, which is widely recognized as one of the most beautiful bays in the world.

Hotel Services:

Hacienda Samana Bay Luxury Apartments with Private Island Beach club will have all the services of a hotel including:

Full management and maintenance of the property
24-hour security service in lobby
Parking garage
A program that will handle the rental, maintenance and cleaning of units

Hotel Amenities:

Large lobby and reception
Restaurant with different gastronomy areas
Lounge & pool bar
Three infinity pools
Gym & spa
Sports and activities
Recreational area
Medical area
Shopping area
Terraces and social areas all surrounded by and integrated into about five acres of common and green areas.

Restaurant area:

A place that owners can enjoy the best food service, music, beauty and atmosphere of Samaná.

Condo Hotel Units:

Condo Hotel Studio/1 bath 559ft2 or 52m2 price from US$93,000 to US $103,000

Condo Hotel 1 bedroom/1 bath 850ft2 or 79m2 price from $159,000 to US$179,000

There is a mandatory furniture cost of $20,000 for a studio, $23,000 for a one-bedroom

Living Restrictions:

In the condo hotel, owners are restricted to 30 days of annual usage without any blackouts or restrictions on how or when they use their unit.

Hacienda Samana Bay Luxury Apartments Apartments:

The apartments come unfurnished, however, if an owner wishes to place his condo in the hotel’s rental program, it must be furnished like the condo hotel units.

The additional cost would be $20,000 for a studio, $23,000 for a one-bedroom and $28,000 for a two-bedroom unit.

Studio/1 bath 559ft2 or 52m2 from US$85,000 to US$100,000

1 bedroom/1 bath 850ft2 or 79m2 from US$13,000 to US$156,279

2 bedroom/ 2 bath 1,237ft2 or 115m2 from US$220,000 to US$256,279

3 bedroom units* N/A Available in Phase 2 *

The developers will offer the flexibility to combine units to create up to three bedrooms, but this option will only be available in the second phase.

The Apartment units do not have any restrictions. Buyers who wish to retire or use their units longer than 30 days per year, should consider purchasing an apartment unit!

Maintenance:

US$3m2 includes use of all amenities at the beach club and Cayo Vigía, garbage, sewer, cable, Wi-Fi, valet parking, 24-hour security and common maintenance.

Real Estate Taxes:

NO TAXES NO 3% PURCHASE TAX NO 1% ANNUAL LIVING TAX

Living Restrictions:

In the condo hotel, owners are restricted to 30 days of annual usage without any blackouts or restrictions on how or when they use their unit.

The condominium units do not have any restrictions.

Buyers who wish to retire or use their units longer than 30 days per year, should consider purchasing a condominium unit.

Pets:

The property will be pet friendly, within reason, and will likely offer the services of dog walking, pet caring, etc.

Parking:

Secured parking entry for 175 underground parking spaces with elevators that will provide direct access from the parking lot to your unit.

Hacienda Samana Bay Luxury Apartments

Rental Return:

The project will include two types of units: condo hotel and condominium.

The condo hotel program will be run by a professional management team and anticipated returns are between 5% and 8%.

From the start of the operation, tentatively August 2019, the developer will guarantee the following minimum returns for the first three years, with any excess going to the client based on a 65% (owner) – 35% (management) split:

1st year: 3%
2nd year:4%
3rd year: 5%

Owners of a condominium will have the opportunity to place their unit into the rental program too, provided it meets the same standards of the condo hotel.

Owners may receive a rental income too, but the return is not guaranteed and condominium owners will have to conform to the same usage terms and quality standards of the furnishings as the condo hotels.

Residency:

A purchase of $200,000+ will fast track an investor’s permanent residency and legal status in the D.R., allowing them to skip the provisional residency process.

Otherwise, foreigners may not remain in the country for more than 120 days.

Reservation Requirement/Deposit:

All payments made by the buyer will be secured through an escrow account.

To reserve your unit requires a $1,000 deposit, with 30 days to complete the first payment of 10%.

10% due at the signing of the contract
55% due during construction paid in monthly installments
35% at the delivery of the unit, tentatively January 2020

Alternatively, the developer will accept this payment schedule, requiring fewer payments:

20% at contract
15% at groundbreaking
30% at top off
35% at delivery of the unit.

The developer will discount the purchase price by 5% for buyers who put down a 50% deposit at contract, or they may have a 10% discount by paying 100% cash down at contract.

All payments made by the buyer will be guaranteed by an Escrow account and these will be released only and exclusively for expenses related to the project.

Title insurance:

Through the payment of a single coverage, protects, defends and indemnifies the owner of the same, offered by Las Americas Title Services.

Please ask us to put your name down on our reservation list and to receive progress reports on the construction of this very exciting development

The Hacienda Samana Bay Luxury Apartments the first of its kind in this area!