Condo Complex W/Restaurant for Sale and Rent in Calle Principal, Cabarete, Puerta Plata, Dominican Republic

Exceptional Roi in Hottest Developing Area of Cabarete

Vecinos is an acre-plus (4252 sq meters) resort under development which offers an exceptional ROI with a retail condo complex which would also be perfect for a bed & breakfast business or a small company’s ownership as an employee retreat/convention center. If purchased as a family vacation destination, it could accommodate a whole extended family and friends in comfort and tropical beauty. It brings you that wonderful tropical climate and a personal touch - the feeling of neighborhood with 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 top 5 developing areas in the Dominican Republic – and across the street from the ocean, 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, oranges, breadfruit, almonds, coconuts, rollos and bananas from the garden when they’re in season.

The first condo building is completed and has two 1 bed/1bath and two 2bed/2bath condos with tastefully designed, furnished interiors.

There is a flexible plan for an additional 5 buildings, each of which 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. This was our plan, but is only a suggestion now, as it’s totally flexible for a new owners’ personal dream project.

The gorgeous kidney shaped pool is approx 8m x 18m. and uniformly 1.5m deep, surrounded by a laja (similar to 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 suspended mahogany stand-up bar, both of which were hand-crafted on site by a master craftsman.

The original 240 sq meter house has been renovated into a 450 sq meter space 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 with room for two washers and two dryers, and an additional room which could be used as a retail space or an extension to the office inside.

The flat roof has electric and plumbing lines built in, ready to build a 450 sq. meter 3-bed/2bath residence on, 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, tripled in the last three, and quadrupled over the last four, so the best time to buy is NOW! Vecinos is a gem of an affordable find in this exploding market, as there are a dozen large, high to medium-end condo projects under development in our area.

Our brand new condos are furnished and have GE fridges, propane stove and hot water on demand system supplying unlimited hot water, central air-conditioners and inverters for constant power. There are ceiling fans, beautiful wood cupboards and medicine cabinets, granite counter tops with double sinks in the kitchen and spacious balconies to fully enjoy tropical outdoor living. They have cable TV and phone lines installed with a high speed dsl internet connection and wi-fi, currently transmitting that signal to the entire property. Surf the internet on your laptop poolside or anywhere on site.

The current land value is $400,000+ and the completed condo building now retails at $459,600. The renovated restaurant building, new thatched roof bar and pool, and infrastructure add well over $400,000 in value, plus there is the option to complete the project according to our plan for an additional $1.3 million return. This makes the price of $1,250,000 an exceptional value and an extremely attractive investment with the superior ROI of over 40%!!!

It’s truly a “must-see-to-believe” magical spot and we invite anyone interested to come and see for themselves! We’ve now lived here for three years, and find it’s time for us to move to a location which better allows us to reconnect with those powerful “magnets” of family and grandkids, so have priced it to sell quickly and are offering financing to a qualified investor.

For further details, check out our website at
You can also contact us on our email at: vecinos.22@
or phone at 1-809-571-0260 in the Dominican Republic
Best of luck and health to all!
Les and Lynda Lehmann