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Las Canas : 2,47 acre / 10,000m2 lot with dream oceanview for 4 villas Price: US $ 150,000 Location: Las Canas Status: Active Contact Agent Previous    Play Pause    Next Price per unit US $ / sq feet: 1.39 Price per unit US $ / m2: 15 : Lot size (m2): 10,000 Lot size (sq feet): 107,600 Lot size (acre): 2.47 : : Distance to beach (miles) : 0.8 Monthly maintenance fee: Call For Price Distance to airport (miles) : 17 Distance to supermarket (miles): 0.8 Noise Level 1=very quiet: 1 Home Features Electritricity available Flat Hilly Ocean View Water Description: Las Canas : 20 minutes drive from Cabarete The lot consists 4 plots for bulding houses and 1 construction shell with cistern and septic tank. Lot with dream-view on the ocean and with long-distance view and mountain view. surrounded by old palm threes and on 4 flat level terraces you will have a 4 nice places to construct 4 villas. Extraordinary property! Multilevel lot with fantastic ocean views, yet close to the beach and incl. a construction. The lot is located hillside and close to one of the upcoming areas on the North Coast, the beach of Las Canas. This property contains 4 terraced lots, all with OceanView, on which you can build some dream homes. In addition the property has a construction of a 2 bed/2bath Villa with a living area of 130m2 / 1,400 sq. feet kitchen, dining area, garage and expandable roof terrace. On the lot is a well, a cistern and a septic. The land is fenced and walled for security. The connecting path to all levels inside the property is made with a drainage. The distance from the main road to the property is approx. 500 meter and from the property to the beach approx. 800 meter. An excellent opportunity for a future project or to develop a housing project. Lot Size: 10,000 m2 107,600 sq. feet 2,47 acre Price per unit: 15 US $ / m2 1,39 US $ / sq. feet 60,705 US $ / acre Contact Agent Mortgage Calculator Printer Friendly Version of This Page Email This Listing to a Friend Listed by: Default Admin Homepage: http://www.dominican-properties.com This listing has been viewed 1123 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