Dominican Republic - 4 Bedroom Villa Property For Sale

Property Description

Dominican Republic. 4 Bedroom villa properties for sale. The properties currently have a special offer: Buy 1 villa, get an 1 apartment free. Offer running until 04/07/2008.For more information on this offer please contact us. La Colonia is a new five star Golf and Villa Development in the Dominican Republic.

Highlights

• First 84 villas available off-plan due for completion Q1 2009
• Range of 4, 3 and 2 bedroom villa specifications
• Furniture pack included (approx $60,000 retail value)

Investor options;

• 25% Discount off list price, or
• 3 Years 8% guaranteed income
• $2,000 Reservation fee
• 30% Deposit
• 70% Mortgage available (subject to status)
• Free lifetime membership of Golf Course included (first 35 villas sold, non-transferable)
• Free lifetime green fees (first 35 villas sold, non-transferable)
• Free golf buggy (first 35 villas sold)
• Project governed by Stewart Title, the gold standard in title insurance and escrow arrangementsLa Colonia

Investment Summary

Dominican Republic – an emerging luxury destination for leisure and property ownership.

The Dominican Republic is moving rapidly from an all-inclusive leisure travel destination to a luxury travel and second home ownership haven. The recent arrival of luxury hotel brands such as Four Seasons, Ritz Carlton and Trump has endorsed this trend.

The Dominican Republic is within the sphere of influence of the United States. It is one of the least developed Caribbean islands in tourist and property development terms. This is ironic as it has more abundance of natural wonders and ‘once in a lifetime’ experiences than the best of St Lucia, Grand Cayman or Trinidad combined.

The south and east coast of the Dominican Republic over the last five years have started to match the land and property prices in the rest of the Caribbean, but it still has the potential for higher than average investment returns. The north coast is less developed, providing an excellent opportunity for the property investor who is looking for capital appreciation.

The Dominican Republic is the most visited island in the Caribbean. It has almost 4 million visitors per year (25% American, 14% Canadian, around 40% from UK, Germany, France & Spain). This is twice the annual number of visitors to Jamaica and six times that of Barbados. La Colonia – The first luxury golf development on the Dominican Republic north coast.

La Colonia will offer an excellent hotel/leisure complex, 1,000 luxury golf villas and 200 apartments in an eco-friendly community on the north coast of the Dominican Republic. Each villa will benefit from having full legal title to its land, which is not normally possible for villa developments in many parts of the Caribbean.

Outstanding potential when benchmarked against similar Caribbean investment opportunities.

La Colonia benefits from a combination of remarkably low land and construction costs (compared to the developed parts of the Caribbean, Mexico and US) and an exceptional projected growth in property values and visitor numbers.

In the extensive analysis of golf -based communities, the average fairway/interior lots from other Caribbean islands being sold for around $700 per square metre (some up to $2,000 per metre in the prestige resorts), and around $300 in other parts of the Dominican Republic. In the first phase of La Colonia the Fairway-side lot land is allocated in the overall build cost at around $60 per metre.

This is ONE TENTH of a reference Caribbean average and ONE FIFTH of the Dominican average. Finished luxury villas offer similar levels of value, compared to other year-round golf resorts.

The first 84 properties with the premium fairway and seas view aspects are offered off-plan at a 25% discount or with a three year 8% rental guarantee. A marketing service is also being offered to sell on in a year when Phase Two opens at higher price levels.Exceptional specification & build quality.

The accommodation and facilities will appeal to all ages, from adventurous families to adventurous seniors, lovers of kite-surfing or sand wedges, tropical birds or dolphins. Beautiful investment and vacation homes, which can be rented to provide income throughout the year, or second/retirement homes to enjoy the balmy Caribbean winters and summers.

La Colonia comprises high specification luxury villas to the successful Bostonian, New Yorker, Hamburger, Londoner, Madrilenõ, Milanese or Parisian templates. Full daily maintenance, pool cleaning and gardening will make owning or renting at La Colonia an effortless pleasure, with highend levels of personal service.

Excellent amenities & facilities

Challenging and rewarding golf of the highest quality – 18 holes set amongst the rolling hills of Puerto Plata, looking up at Isabel de Torres Mountain and across to stunning sea views. The natural contours of the hills and the Ponko designed course will combine with luxurious indigenous landscaping, to create a testing and infinitely repeatable experience for improving golfers and low handicappers.

La Colonia will offer owners and guests horse riding, tennis and five miles of nature trails and jogging tracks. The concierge team will ensure that the gourmet seafood and steaks consumed in the Citadelle or in the wide choice of excellent restaurants along the coast can be worked off during the day in this natural gymnasium in the hills.

Permanent residents and guests will find the Citadelle will offer shopping, restaurants, meeting centres and coffee shops, sports equipment hire, banking facilities. When the beach club is developed guests can choose safe swimming in pools and the sea, with on-site security and maintenance services and with access for owners and guests throughout the community via golf buggy or car. Luxury and indulgence with a conscience.

Central to the development is the reinstating of indigenous trees, plants & fauna. Villas, apartments and townhouses are to be constructed using the maximum of local labour, materials, woods, marbles creating excellent facilities that assist the local community and artisans. The building and landscaping techniques used have a low carbon footprint and high biodiversity. La Colonia will go several steps further to have a positive impact on the local environment – from the use of smart materials and energy management to the establishment of the La Colonia Foundation, which will invest 1% of La Colonia turnover into local neighbourhood education projects, business start-up investments and the local community. An impressive development team with the essential local influence.

If you would more information about our property for sale in the Dominican Republic or have any questions in regards to owning or buying a property in the Domincan Republic, then please feel free to contact us.

Price Options

You have the option for Villa B at 25% discounted rate of the list price. Prices range from $653,000 - $845,000. This offer does not include the option of a 3 year guaranteed rental.

For Villa B with the 3 year guaranteed rental prices range from $870,000 - $1,112,600.

Check current price and availability

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