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Oceanfront Kite Beach Hotel & Owner's Residence
$2,990,000
1,022m² Building
Description
OWN THE BEACH. CREATE THE VISION.
Some properties are investments. Others are destinations. Set directly on the legendary Kite Beach in Cabarete, this rare oceanfront hospitality property offers the opportunity to own an entire beachfront experience in one of the Dominican Republic's most recognized wind and watersports destinations.
The property currently features 26 guest units plus a private two-bedroom oceanfront owner's residence, creating an exceptional foundation for a boutique hotel, kite and watersports retreat, wellness destination, lifestyle resort, or a completely reimagined hosp...
As seen on: yourdrbroker.com
Highlights
Direct Beachfront
ReferenceAVS-101206
Price$2,990,000
Type of Commercial PropertyCommercial
ConditionCompleted
Building Area1,022 m²
BeachfrontDirect Beachfront
ViewOcean Sea
Energy SourceGenerator
Title VerificationInfo Not Provided
CAM FeesUSD $0
Property Price$2,990,000
Down Payment (20%)$598,000
Loan Amount$2,392,000
20%
10%50%
9.5%
6%14%
20 years
Estimated Monthly Payment$0
Total of 240 payments$0
Total interest paid$0
Transfer Tax (3%)$89,700
Legal & Notary Fees (~1.5%)$44,850
Bank Fees (~1%)$29,900
Appraisal Fee$350
Total Cash Needed at Closing$762,800
* Estimates only. Actual rates and fees may vary by lender. Contact a local bank for exact terms.