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Developing Investment Resort For Sale in Cabarete, Puerta Plata Dominican Republic Developing Resort Investment Opportunity In Cabarete Asking Price: $850,000 USD (Negotiable - Financing Available) Condos Laguna is an acre-plus (4,252 sq meters) resort under development which offers an exceptional ROI on a retail condo complex or would be perfect for a small company's ownership as an employee retreat/convention center. It would also lend itself well to being a family vacation tropical-isle-destination and could accommodate a whole extended family plus friends in comfort. It brings you that wonderful tropical climate and a personal touch - the feeling of neighborhood, serenity of a tropical paradise, and the comfort of home. This beautifully developing jewel within the Dominican Republic provides an incomparable island getaway, sports destination or exciting vacation-rental spot, along with excellent return on investment.
Its' location is ideal - on the edge of Cabarete – a world renowned windsurfing/kite-boarding destination and one of the 5 hottest selling real estate spots in the Dominican Republic – it’s across the street from the ocean (100m from a beautiful beach), where you can enjoy gorgeous mountain and ocean views. Minutes from the hopping night life in Cabarete, you can relax in serene tropical ambiance while enjoying a beverage poolside at the thatched roof bar, providing the best of both worlds.
The acreage has beautiful landscaping with many mature trees. Pick mangos from the upper condo balcony or avocados, guavas, chinola, citrus, breadfruit, coconuts and bananas from the garden when they're in season. The first condo building is completed and ready for occupancy, and has two 1 bed/1bath and two 2bed/2bath condos with tastefully designed, furnished interiors. The Condos Laguna Company which holds the title, survey and building permit for an additional 5 buildings is included, and an excellent time saver and value for the new owner. Those 5 additional buildings would also have two 1bed/1bath units on the lower level and two 2-bed/2bath condos on the second level, for a total of 24 condos with 36 bedrooms. Infrastructure on the project has been completed, including septic fields, plumbing, a 37.5 KW electrical transformer and all electrical lines, 8000-gallon cistern, fresh water well, telephone and cable TV lines installed.
The gorgeous kidney shaped pool is approx 8m x 18m and uniformly 1.5m deep, surrounded by a laja (flagstone) deck and 4 authentic palapas (thatched roof umbrellas). Next to the pool is the bar with a thatched roof, boasting an impressive curved 5 meter mahogany bar-top on the main bar and a 2.5m floating mahogany stand-up bar, both of which were hand-crafted/custom made on site by a master craftsman.
The original 240 sq meter house has been renovated into a 500 sq meter space with a 4m high ceiling which would make an ideal restaurant or convention/meeting area. Two bathrooms are located off the halls beside the main center area, and 4 other rooms which could be used as a kitchen, pantry, office and library/computer room are also adjacent to it. Along the west side of the building, with outside access, are two bathrooms to service the pool and bar areas. Next to them is a common laundry room and an additional room which could be used as a retail space or an extension to the office inside. The flat roof is wired and plumbed, ready to build on a 500 sq. meter 3-bed/2bath residence, with a wide open concept and wrap-around balcony, designed to take full advantage of its' lush tropical surroundings.
Cabarete is rapidly expanding and currently enjoying a real estate boom where the property values in our area have more than doubled in the past two years. Condos Laguna is a gem of an affordable find in this exploding market. The current land value is $250,000+ and the existing condo building retails at $459,900. Add the infrastructure, pool, bar and restaurant at a conservative estimate of $140,000 in value, plus the option to complete the project for a $3 million return. This makes the price of $850,000 extremely attractive and an exceptional investment. For further details, please contact us by phone (1-809-571-0260) or email.
It's truly a "must-see-to-believe" magical spot and we invite anyone interested to come and see for themselves! We're unable to continue its' development due to recently arisen health issues, and are choosing "health over wealth" so have priced it to sell quickly. Financing is available to a qualified buyer - best of luck and health to all!
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 | | About This Property | |
| Category: | | Resorts | | Address: | | Calle Principal
Cabarete
Puerta Plata n/a
Dominican Republic | | For Sale By: | | Owner | | Construction Year: | | 2006 | | Area: | | 4,252 m2 | | | Bedrooms: | | 6 | | Bathrooms: | | 10 | | Sleeps: | | 16 | | Stories: | | 2 | | Parking Spaces: | | 28 | |
| | Features - Amenities | |
| - Furnished
- Appliances
- Pet Friendly
- Laundry Room
- Pool
- Balcony
- Terrace
- Patio
- Cable TV
| | - Ocean View
- Mountain View
- Across The Street From Beach - With Access
- On Main Road + At Edge Of Caberete
- Phone Lines Installed
- High-Speed Internet + Wireless Transmitter
- Unlimited Hot Water On-Demand
- Central Air-Conditioning
- Inverter And Batteries
| | - 37.5KW Transformer
- Well + 8000-Gal Cistern
- Mature Landscaping
- Numerous Fruit Trees
- Restaurant Under Renovation
- Thatched Roof Bar
- 4 Palapas Surrounding Pool
| | | Pictures (click to view a larger image) | |
| | Contact - More Information | |
| | Les Lynda Lehmann | | | | Phone: | | 809-571-0260
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