Modern 2-BR condos in new development in Portillo

El Portillo, Armonia El Portillo, Las Terrenas

Features

• Near beach
• Beachfront
• Tax-exempt

Description

Modern spacious condos designed for those who enjoy natural light, and open views, and for families who value quality time with friends and family.

This new beachfront development of 90 condos is located right in on the beach of “Portillo”. Not far from the center of the town and all its amenities.
The development consists of a gated community of privately owned condos, five common swimming pools, relaxing areas, a restaurant, and a children’s playground. Excellent investment opportunity for families looking to vacation a few weeks per year and enjoy the returns of their unit with a completely hand off approach.

The project is expected to be completed in 3 phases:
Phase 1 - May 2024
Phase 2 - Dec 2025
Phase 3 - Dec 2026

Each condo has its own private parking. Every unit will enjoy high quality finishes. Imported modular kitchens, imported porcelain floors, high quality windows, imported laminated doors and closets. If the buyer wants to change any feature or termination, customization is available on Pre-Sale status.

This property benefits from the Confotur law. This law offers very attractive tax advantages to all buyers. These are; Property transfer tax exemption (3% of the purchase amount); Property tax exemption (IPI 1% annually); The exemption of the taxes in case of a capital increase and on revenues (27%). You can read more about the Confotur Law and approved real estate projects.
You can read more about the Confotur Law and approved real estate projects.

Payment Conditions
U$ 2,000 - Reserve unit
10% - Down Payment
30% - Start of construction
60% - Key and title handling

Amenities
Restaurants · Beach club · Spa · Gym · Kids playground and game room · Event room · 5 Pool and jacuzzis · 24/7 Security and access control · Parking for visitors
Read More Read Less

Location

Card image cap
El Portillo

The easternmost area of Las Terrenas runs along the wild beach of El Portillo. It is home to an all-inclusive resort and several private communities.

Card image cap
Armonia El Portillo

Financials

Utilities: $140

Maintenance: $60

Monthly Rev. (50% occupancy): $1,920

Mngt Costs: $438

Monthly Profits: $1,282

Legal Fees: $2,048

Transfer Fees: $6,142

Yearly Taxes: $648

This listing

Price / SQM: $1,950

ROI: $7

Similar listings

Market Price / SQM: $1,950

Market ROI: $7

Listing Agent

Similar Listings
New
New
$210,000
2 Beds | Built 117 m²
New
$240,000
3 Beds | Built 180 m² | Lot 320 m²
All information, including measurements data and financial calculations, is obtained from various sources, and is approximate. No guarantee, warranty or representation of any kind is made regarding the accuracy of such information and Atlantique Sud Real Estate S.R.L. expressly disclaims any liability.