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Sosua : 4 beds Villa in exclusive gated community on 15,058 m2 / 3,7 acre lot Price: US $ 685,000 Location: Sosua Status: Active Contact Agent Previous    Play Pause    Next Bedrooms: 4 Bathrooms: 4 : Lot size (m2): 15,958 Lot size (sq feet): 162,084 Lot size (acre): 3.72 : Living area (m2): 440 Living area (sq feet): 4,736 : Floors: 1 Year Built: 1996 Distance to beach (miles) : 2 Monthly maintenance fee: US $ 280 Distance to airport (miles) : 8 Distance to supermarket (miles): 2 Noise Level 1=very quiet: 3 Home Features Cable/Satellite TV Closed Parking Furnished Internet available Pool Project Generator Telephone Line available Whirlpool Description: Sosua : 4 beds / 4 bathrooms Villa in exclusive gated community on 15,058 m2 / 3,72 acre lot. Space for keeping horses or building 2 Villas more on this huge plot. Big garden with pool, beautiful threes and floors. Guesthouse with maid quarter. Roof terrace on second level. Lot size: 15,058 m2 / 162,084 sq. feet 3,72 acres Living Area: 440 m2 / 4,736 sq.feet Stables for horses. Bedrooms: 4 Livingrooms: 2 Bathrooms: 4 Kitchens: 2 Year of construction: 1996 Monthly cost for maintenance: US$ 280 includes water, security and garbage. This property is situated within a quiet, well maintained and exclusive hillside Villa-Resort between Sosua and Cabarete with good access road from the 3 km distanced main road. Contact Agent Mortgage Calculator Printer Friendly Version of This Page Email This Listing to a Friend More Description: This villa has been constructed in 1996 from the current Swiss owner. The villa contains of 2 almost identical parts with the idea of several possibilities of use (renting of one part, use as guest tract, use for two generations, purchase by two friendly families etc.). Complete living size with all terraces 440m2. From the complete lot size of 15,958m2 there are approx. 3.000 m2 well maintained landscaped gardens with area of fruit trees (Bananas, Oranges, Limes, Coconut-Palm-Trees, Date-palms and other tropical fruits). The remaining property is well maintained pasture land with enough gras to feed two horses. Each of the two house wings contains 2 bedrooms, 2bathrooms as well as a spacious living room with kitchen. The 2 house parts are divided by a round building which includes a small grund flor terrace and a big round upper floor terrace covered with palm leafs. A separates building of approx. 50m2 contains a maids quarter with shower and toilet, the laundry and a technical room as well as a 40,000 liter freshwater cistern. The property is part of an exclusive residential community located only 3 km from the main road from Sosua and Cabarete, 60 meters above the sea level. This gated community is one of the best organized in the area. - Gated community with 24/7 security service. - Own portable water from a 70 meters deep artesian well - Multi lingual administration - Internal street lightning - Internet and Cable-TV - Tennis court - 15 minutes to the international airport Puerto Plata - As property owner you are automatically member of the owners-association with one membership vote at the annual owner´s assembly. The annual maintenance costs per property in 2008 have been $3,350US. The nationalities of the current property owners are Swiss, USA, German, Czechoslovakia, England and Canada. The tourist centre´s of Sosua and Cabarete are offering varieties of sportive possibilities like Kite-Surf, Windsurf, Diving, Fishing, Swimming and Horse-Riding. Next existing golf courses are in Playa Dorada (15 min.) and Playa Grande (45 minutes). Several restaurants nearby are offering a big variety of international cuisine. The villa is simply and rustic furnished and offers nature and animal lovers a high living quality to very favorable conditions with the security of a residential community situated on a place with one of the best climatic conditions in the world. Lot: 162,084 sq. feet, 15,958 m2 Listed by: Default admin Homepage: http://www.dominican-properties.com This listing has been viewed 1048 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