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Cabarete - Bargain! Nice Property , good Price! Price: US $ 69,900 Location: Cabarete Status: Active Contact Agent Previous    Play Pause    Next Price per unit US $ / sq feet: 2.04 Price per unit US $ / m2: 21.93 Bedrooms: 3 Bathrooms: 3 : Lot size (m2): 3,188 Lot size (sq feet): 34,316 Lot size (acre): 0.78 : Living area (m2): 222 Living area (sq feet): 2,389 : Year Built: 1997 Distance to beach (miles) : 0.5 Monthly maintenance fee: Call For Price Distance to airport (miles) : 18.7 Distance to supermarket (miles): 2.5 Noise Level 1=very quiet: 1 Home Features Cable/Satellite TV Close to the Beach Closed Parking Guesthouse Laundry Room Pool Whirlpool Description: Cabarete : close to the Beach Super Special! only valid until: 31.03.2010 (149,000 USD) 69,900 USD fixed price ! Only the existing 2 pools, house, bar, and small buildings have a value of 75,000 USD. The enclosing wall has a foundation to extend it on 2 m high. Investment opportunity to add 3 - 4 nice Villas on that big plot or to built apartments. Former bar/restaurant but now in a state of disrepair, however plans are available for 18-27 apartments on 2-3 floors. You just have the entire infrastructure done like pool, childrenspool, whirlpool, enclosed property by wall, some gazebos, guesthouse, roofed terrace....... Pool of approx. 120 m2 / 1,291 sq. feet Covered bar of approx. 80 m2 / 861 sq. feet Dominican-style cottage: 36 m2 / 388 sq. feet Building: 88 m2 / 947 sq. feet 2 separate bathrooms Nice property on a corner with large pool (approx. 120 m2), small childrens pool, large bar with attached kitchen, small restaurant (approx. 90 m2) as well as a house (approx. 36 m2) with one bedroom. Authorised structural drawings for 19 apartments in two storey buildings are available. Lot: 34,316 sq. feet, 3,188 m2 0,78 acre Price Per Unit: 21.93 USD / m2 2.04 USD / sq. feet 88,731 USD / acre The property is within a residential area with private villas, apartments and hotels approx. 4 km outside of the local centre of Cabarete. Only 5 minutes walk to the long sandy beach. Contact Agent Mortgage Calculator Printer Friendly Version of This Page Email This Listing to a Friend More Description: Beautiful lot in an international neighbourhood only a few minutes by car from the center of Cabarete and its Kite Surf Beach. The international airport can be reached in approx. 20 minutes by car. This lot is perfectly suite for residential and commercial use, and offers the following: Pool of approx. 120 m2 / 1,292 sq. feet Covered bar of approx. 80 m2 / 861 sq. feet Dominican-style cottage: 36 m2 / 388 sq. feet Building: 88 m2 / 947 sq. feet 2 separate bathrooms Listed by: Default Admin This listing has been viewed 5689 times.

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Dominican real estate or immovable dominican properties is a legal term (in some jurisdictions) that encompasses land along with anything permanently affixed to the land, such as buildings. Real estate (immovable property) is often considered synonymous with real dominican property (also sometimes called realty), in contrast with personal dominican property (also sometimes called chattel or personalty). However, for technical purposes, some people prefer to distinguish real estate, referring to the land and fixtures themselves, from real property, referring to ownership rights over real estate. The terms real estate and real property are used primarily in common law, while civil law jurisdictions refer instead to immovable property. dominican republic real estate

In recent years, many economists have recognized that the lack of effective real estate laws can be a significant barrier to investment in many developing countries. In most societies, rich or poor, a significant fraction of the total wealth is in the form of land and buildings. In most advanced economies, the main source of capital used by individuals and small companies to purchase and improve land and buildings is mortgages -- bank loans for which the real property itself constitutes collateral. Banks are willing to make such loans at favorable rates in large part because if the borrower does not make payments the lender can foreclose, that is, file a court action that lets them take the property and sell it to get their money back. But in many developing countries there is no effective means by which a lender could foreclose, so the mortgage loan industry as such either does not exist at all or is only available to members of privileged social classes. dominican property