Luxury beachfront condo in Corporate ownership
Cabarete
Property ID: 449446 |
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Features And Ammenities |
Furnished: yes
Telephone: yes
Private Generator: no
Closed Parking: yes
Whirlpool: yes
Internet Available: yes
Gated Community: yes
On The Beach: yes
Satellite Cable tv: yes
Air Conditioner: yes
Generator: yes
Pool: yes
Laundry Room: yes
Security: yes
Ocean View: yes
Close to the Beach: yes |
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Size:
Bedrooms: 2
Bathrooms: 2
Description:
Average Rental Rate: USD $ 130 / day
Sale Price - $80,000. This Corporate Interest is a 25% share in Cabarete East Condominium C-102. By holding title in this manner, each interest in the "Corporate Ownership Plan" will have one week every month for personal use. Each owner also has the ability to trade use periods with other corporate owners - including owners of other corporately owned properties such as condominiums, villas, and yachts.
Cabarete East is located just outside the bayside town of Cabarete in one of the most beautiful and desirable areas on the north coast of the Dominican Republic.
Condominium unit C-102 is situated right on the ocean. It is located on the first floor of a 3-story building. As you can see, the swimming pool and ocean seam like an extension of the lanai.
There are breath-taking ocean views from every room in this spacious 2-bedroom, 2-1/2 bath condominium. It's unique location makes you feel like your staying in a single family villa. With its landscaped gardens and ocean view, you feel like you're living in an island paradise. Just steps from the front door is a beach-side restaurant that serves food all day long.
Corporate ownership is new in the Dominican Republic. It is a practical alternative to wholly owned vacation homes or investment properties where mortgage financing is not available or high prices make individual ownership impractical. This method of ownership provides all the benefits of owning a second home – without excess capital outlays and/or monthly expenses when the second home is not in use. In essence, you vacation at a fraction of the normal cost. It also removes the hassles of management, and when rentals are allowed, rental income can more than offset shareholder costs of owning the property.
When purchasing property in a Corporate Ownership Plan, you purchase shares of a Dominican Corporation formed to own specific real estate. There are typically four (4) shareholders in the corporation, and each corporate owner owns a pro-rata share of the real estate owned by that corporation. In turn, owners share in both the use and expense of owning that property.
If the “Rules and Regulations” of the Corporate Ownership Plan allows rentals, each corporate owner receives rental income during weeks allocated to that owner in the ownership "Use Calendar".
Price: $ 80,000
Distance to:
Airport: 20 km (12.4 miles)
Beach: 0 km (0 miles)
Supermarket: 1 km (0.6 miles)
Extra-Info:
Noise Level (1-Quiete, 3-Normal, 5-Noisy): 1
Bedroom(s): 2
Year of construction: 2006
Kitchen(s): 1
Bathroom(s): 2
Living Area (in m2): 130 sq. m. (1399.3 sq. ft.)
Level(s): 1
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