Beachfront Development Lot
Located approximately 20 minutes drive east of Cabarete, one of the last available beachfront development lots available for an affordable price per m2. Here we present 75,000m2 with deslinde, 388 meters of linear beach frontage.
Suitable for a residential development, be it condos, villas or a mix of both. Up to 3 levels of construction is permitted on this property according to local zoning regulations.
Beachfront development lot
According to an article written by Global Property Guide “The Dominican Republic’s residential property market is growing fast, thanks to robust tourism growth and the arrival of luxury international and boutique hotels. Non-resident stay-over tourists rose by 3.8% in 2017 to almost 6.2 million, despite hurricanes Irma and Maria, which caused cancelled flights from major tourist source countries, while cruise arrivals soared 36.9% y-o-y in 2017 to 1,107966 people. The Dominican Republic has a population of just 10.2 million people and a GDP per capita of US$7,360 in 2017, according to the IMF.”
When comparing the price of this beachfront development lot to those of similar Caribbean island destinations, the price per m2 is outstanding and almost unheard of. Soon deals like this will be a thing of the past, as prices begin to rise and land becomes less and less available.
This property can also be sub-divided into 3 smaller beachfront development lots.