Lot/Land for Sale in Miches, Dominican Republic

Striking Beach Front Property Perfect for Development $13Sqm

424 hectares (963 acres, or 4.24 million square meters) of property in Miches, on the Eastern side of the Dominican Republic.

Miches lies on the Southern side of the Samana Bay, famous for its boutique hotels and upscale resorts, El Limon waterfalls and is the annual spawning grounds for whales travelling south to give birth to their offspring.

This property has almost 1 kilometer of virgin white sand beach with calm and shallow waters. It also has an access road on the south side of the property including electrical power.

Upon completion of the new highway that will connect Punta Cana and its regional airport to Miches/Sabana de La Mar which passes by this property, travel time by bus/car will be:

• Punta Cana – Miches: 1 hour 15 minutes
• Santo Domingo - Miches: 2 hours 30 minutes
• Samana - Miches: 1 hour (via car ferry from Sabana de La Mar)

Furthermore, by boat, one could easily cross the calm Samana Bay and dock at the Samana marina within 45 minutes.

For sale for USD 55,000,000 / USD 13.00 per square meter, this is an opportunity to acquire nearby Samana property for 50% of the Samana price. Splitting up the property in smaller lots can be considered.


The Opportunities

• Tourism
Tourism now accounts for 20% of the Dominican Republic’s economy. This property is uniquely positioned to be developed into a Beach Resort, Private Villa Development, or Golf Course

• Commercial
The property has an out of use landing strip that could offer a solid foundation to build a regional airport to service the tourism to the SAMANA and MICHES region. With the expansion of infastructure and tourism investment, eventually a regional airport would become a necessity.

• Investment
o With tourism growing in the Dominican Republic, this region has been declared as the next major “Tourism Zone” by the Dominican government. The value of this property will only increase over time.

o In 2012, the construction of a brand new highway connecting the Dominican Republic’s center of resort tourism – Punta Cana – with Miches/Sabana de La Mar. This highway passes right by this property. Upon completion, this brand new infrastructure will immediately boost the value of the property due to improved accesability.

o In 2009, on neighboring property, the Cisneros Group broke ground on the construction of a $2 billion luxury, eco-friendly, resort called Tropicalia. The wealth and elite from around the world will begin visiting this hidden gem, which will generate further interest in investment in this area and increase the value of this property.

Location, Location, Location
The property is 5 km east of MICHES on the North East Coast of the Dominican Republic. MICHES is about a 1:15 hour drive from the Punta Cana International Airport.

On the North, the property is graced by nearly 1 km of virgin-white sand beach facing the pristine waters of SAMANA BAY (and the Atlantic Ocean). The SAMANA area across the bay is one of the recent success stories that have typified the boom of resort tourism to the Dominican Republic, just like PUNTA CANA to the South-East.

The main highway from Punta Cana to Miches borders the South end of the property and an access road continues on the Eastern side that provides access to the beachfront.

Free & Clear Title
Unlike many properties in the region, the title to this land is cleared by the Dominican Authorities and all tax obligations have been fulfilled.