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Playa Magante; Beach-Restaurant with 3 Guesthouses on 1,71 acre lot Price: US $ 850,000 Location: Rio San Juan Status: Active Contact Agent Previous    Play Pause    Next Bedrooms: 3 Bathrooms: 3 : 3 Livingrooms Lot size (m2): 6,901 Lot size (sq feet): 74,282 Lot size (acre): 171 : : Floors: 2 Year Built: 2006 Distance to beach (miles) : 0 Monthly maintenance fee: Call For Price Distance to airport (miles) : 39 Distance to supermarket (miles): 3.2 Noise Level 1=very quiet: 1 Home Features Furnished Guesthouse Internet Ocean View On the Beach Project Generator Description: Rio San Juan - Playa Magante Beach-Restaurant with 3 elegant Guest-Cabañas on 1,71 acre, 6,901 m2 beachfront property. This popular Beach Bar, Grill and Cabanas are situated on a 6,901 m2 parcel of land with 76 metres beachfront, situated at Playa Magante, a spectacular stretch of sand scattered with palm trees offering plenty of shade, where you can walk for miles and enjoy what nature has given this part of the island. Protected by a double coral reef, there is safe swimming and snorkelling from the beach. Beside the Restaurant there are 3 luxuriously appointed brand new wooden thatched cabanas and 4 gazebos situated directly on the beautiful and secluded beach. All 3 Cabañas are very spacious and have private wooden terraces, luxury bamboo beds, ceiling fans, private en-suite facilities with hot showers, stunning views directly out to sea from all rooms and Internet access. The Cabañas are rented out for 70 US $ a night, so with a 75 % occupancy the property is doing 57,500 US $ a year without the restaurant income. Lot size: 74,282 sq. feet, 6,901 m2 1,71 acres Situated between Gaspar Hernandez and Rio San Juan on the north eastern coast of the Dominican Republic, famous for it's wild beauty and seclusion. Contact Agent Mortgage Calculator Printer Friendly Version of This Page Email This Listing to a Friend Listed by: Default Admin This listing has been viewed 1075 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