Project for sale
We, the current owners-managers, are not professional real estate developers or managers, and have no real intention or interest in becoming so. As explained elsewhere on this website we kind of rolled into this: we were looking for a home, but fell in love with the location – the view, nature, the quiet – and ended up buying a much larger area than we intended.
So rather than us managing the development we would like to transfer it to people with a genuine interest in real estate management and development. We are therefore willing to sell the entire development, with the exception of the lot already sold (which would, however, remain in the project), and an area of about 3000m2 where we would want to build our next home. We will definitely stay in this, our place!
Options for expansion
There is the possibility to enlarge the development by purchasing adjacent land, as the owners are willing to sell. Investors should take note: especially once the road is asphalted, which is bound to happen sometime in the coming years, the area is certain to develop, allowing Puerto Plata to expand and to host the growing flow of expatriates living part time or full time on the Dominican North Coast.
Also, because of the natural environment and peace and quiet the project would lend itself very well for the (partial) development of a retreat and/or wellness centre. This could be done on part of the land, with the remainder, as currently, being used as building land for individual homes.
Options for buying
There are various options for buying the development, e.g.:
The entire project, excluding the lot already sold and lots 28 and 29, where the current owners would want to build their next home. Indicative price US$ 1,975,000. This is based on an average price of US$ 20 per m2 of land (for 5 ha), US$ 300,000 for the communal infrastructure, and US$ 350,000 and US$ 325,000 for the villas for sale.
As option 1 but without the villas. Price US $ 1,300,000.
As option 2, but without the two larger, forested areas (total 2.1 ha) and the green area (0.4 ha) (i.e., the sale would include the sub-divided lots with title and the area with common infrastructure including pool area and guard house, but without the two homes and forested areas). Total 3 ha, price US$ 25 /m2, plus communal infrastructure, total price US$ 1,050,000.
Other options / combinations of real estate are possible.