Dominican Republic Real Estate - Ocean Side Realty's Blog. Your Gateway to Sosua and Cabarete's Real Estate Scene.

Piece of Paradise

Welcome to REMAX Ocean Side Realty's vibrant online hub, your premier destination for navigating the dynamic real estate landscape of Sosua, Dominican Republic, and beyond. Whether you're seeking your dream home, considering an investment opportunity, or contemplating a relocation to this tropical paradise, our blog is your comprehensive resource, offering invaluable insights, expert guidance, and the latest updates to facilitate your journey.

At REMAX Ocean Side Realty, we pride ourselves on being more than just a brokerage; we're your trusted partners in every step of your real estate endeavors. With years of experience and a deep-rooted commitment to excellence, our team of seasoned professionals brings unparalleled expertise to the table, ensuring that your property transactions are seamless, stress-free, and ultimately rewarding.

What can you expect to find on our blog? Here's a glimpse:

1. Listings Galore: Explore an extensive array of listings ranging from luxurious beachfront villas and quaint residential properties to lucrative investment opportunities. With detailed descriptions, stunning visuals, and comprehensive property information, finding your perfect match has never been easier.

2. Purchase Information: Navigate the intricacies of the buying process with confidence. From understanding local market trends and financing options to legal considerations and closing procedures, we equip you with the knowledge you need to make informed decisions.

3. Relocation Insights: Thinking of making Sosua your new home? Our relocation guides offer invaluable advice on everything from visa requirements and healthcare facilities to education options and cultural insights, ensuring a smooth transition to life in paradise.

4. Community Events: Stay updated on the latest happenings in Sosua and surrounding areas. From vibrant festivals and cultural celebrations to charity events and networking opportunities, our blog keeps you plugged into the pulse of the community.

5. Travel News: Planning a visit to Sosua? Discover insider tips, hidden gems, and must-see attractions that promise to make your stay unforgettable. Whether you're a first-time visitor or a seasoned traveler, our travel updates ensure that you experience the best of what this enchanting destination has to offer.

And that's just the beginning! Our blog is constantly evolving to meet your needs, with new articles, insights, and features added regularly. So bookmark this page, subscribe to our newsletter, and embark on your real estate journey with REMAX Ocean Side Realty as your trusted guide.

Your dream property awaits – let's make it a reality together. Finding your piece of paradise!!

April 2, 2024

Now Sold Townhouse in Infiniti Blu Beachfront in Sosua

Ocean Side Realty - Your Trusted Partner in Dominican Republic Real Estate

Property Listing - Infiniti Blu, Sosua

Property Type: 3 Bedroom 2 Story Townhouse
Location: Infiniti Blu, Sosua, Dominican Republic
Price: $350,000

Property Description:

Discover the allure of beachfront living with this exquisite 3-bedroom, 2-story townhouse nestled within the prestigious Infiniti Blu gated community in Sosua. Boasting an array of resort-style amenities and unparalleled ocean views, this residence offers the perfect blend of luxury and comfort.

As you step through the front door, you are greeted by a spacious open-concept kitchen and living area, ideal for entertaining guests or simply relaxing in style. The main floor features a large bathroom and a bedroom to the left, providing convenience and privacy for guests or family members.

Descending to the lower level, you will find two additional generously-sized bedrooms, each accompanied by its own private bathroom, ensuring utmost comfort and convenience. A sizable laundry room adds further functionality to the home, meeting all your household needs with ease.

Step outside through the hallway to your very own private garden oasis, offering serene views of the communal pool and BBQ area. Whether you're hosting a summer soirée or unwinding in tranquility, this outdoor space provides the perfect setting for every occasion.

Residents of Infiniti Blu enjoy access to an array of world-class amenities, including a stunning large common pool and a magnificent infinity pool overlooking the pristine beach. With 24/7 security and a prime location just steps from the sand, this exclusive community offers the ultimate in luxury beachfront living.

Don't miss this opportunity to experience the epitome of Caribbean lifestyle at Infiniti Blu. Contact us today to schedule your private viewing and make this dream home yours.

Posted in Sold Listings
April 1, 2024

Some Details on Costs and Taxes When Buying Real Estate in the Dominican Republic

 

 

Below I have outlined the fees and taxes associated with buying property here in the DR. 

Costs 

LEGAL FEES – Paid at closing

In the Dominican Republic when purchasing a home or condo you will have some closing costs. Typically for a standard purchase, the legal fees will run in the 1% of the purchase price range (to a minimum of $800). This is paid in full to your lawyer at closing. 

EXAMPLE

A house for $150,000 would have $1500 in legal fees

A condo for $60,000 would have $800 in legal fees

LAND TRANSFER TAXES – Paid at closing

Land transfer taxes are equivalent to 3% of the assessed value of the property as determined by the government tax office (this amount tends to be lower than the selling price). This is paid on closing and is a tax due to transfer the title to the buyer’s name.

ANNUAL PROPERTY TAXES

A 1% annual tax is assessed on real estate properties owned by individuals, based on the value of all the properties as appraised by government authorities.

For built lots, the 1% is calculated only for properties appraised over 7,019,383.00 DOP (about $150,000). For unbuilt lots, the 1% tax is calculated on the actual appraised value without the exemption.

The real estate tax is payable every year on or before March 11, or in two equal installments: 50% on or before March 11, and the remaining 50%, on or before September 11.

The amount of the exemption is adjusted annually for inflation.

The following properties are exempt from paying real estate tax:

(a) farm properties;

(b) homes whose owner is 65 years old or older, and has no other property in his or her name; and

(c) properties owned by companies, which pay a separate tax on their company assets.

If you have any questions at all please don't hesitate to contact me anytime.

CLICK HERE TO SEE THE BEAUTIFUL PROPERTIES AVAILABLE

If you prefer to see videos of properties for sale :

CLICK HERE TO CHECK OUT OUR YOUTUBE CHANNEL!!

If you would like to chat now please click link below to Whatsapp chat:

IF YOU HAVE ANY QUESTIONS AND WOULD LIKE TO WHATSAPP CHAT WITH ME PLEASE CLICK HERE

 

Posted in Buying a Home
April 1, 2024

Now Sold Ocean Front Condo in Mcquay in Perla Marina, Cabarete $165,000

Located in the beautiful Perla Marina gated community between Sosua and Cabarete. With its prime location just steps away from the beach, this property offers the perfect blend of luxury and convenience.

As you step inside, you'll be greeted by vaulted ceilings and an open-concept living space. The kitchen boasts a granite countertop and a stylish kitchen island, perfect for preparing meals and entertaining guests. The large terrace provides a tranquil space to relax and enjoy the beautiful views.

The community features a sparkling pool and well-maintained common areas, providing residents with a resort-like experience. Whether you want to take a refreshing dip in the pool or soak up the sun on the loungers, you'll have plenty of options for relaxation right at your doorstep.

With its secure gated entrance, this community offers peace of mind and privacy. You'll also have access to a parking space, ensuring convenience for you and your guests.

In addition to its incredible amenities, this condo is ideally situated between Sosúa and Cabarete, offering easy access to both towns. Explore the vibrant local culture, indulge in delicious cuisine, or simply unwind on the pristine beaches - the choice is yours!

Don't miss out on this opportunity to own a piece of paradise at a great price. Contact us today to schedule a viewing and make this beautiful condo your own

Posted in Sold Listings
March 31, 2024

Now Sold - 6 Bedroom Villa for sale in Casa Linda In Sosua, Dominican Republic

This amazing 6 bedroom 6.5 bathroom villa also features a private massage room is nestled on a very private 1/4 acre lot. The spacious open concept living and dining room features a wall of windows opening onto a huge terrace and outdoor kitchen. 2 master suites on each side of the living room both have ensuite bathrooms and walk outs onto the terrace.

4 additional bedrooms each with their own bathrooms open onto a large oversized pool with a shallow shelf for pool loungers, a jacuzzi area and a swim up bar. All overlooking the very private and tropical ravine.

This is a fantastic opportunity for a wonderful large family home or an incredible rental property generating over $120k in rental income in 12 months.

 

HOA $391 monthly

 

Casa Linda is a popular gated community in the Sosua and Cabarete area of the Dominican Republic. Full amenities including :

🤽‍♂️water park

🍝restaurant

🎾tennis court

🚍free shuttle bus to beach

🏖️VIP beach area

👮24/7 security

Featuring a wide selection of villa models, custom villas, resale villas. Also Connections area with condos and apartments in Encuentro area, condos near the surfing beach in Cabarete.

Video walk through of villa here:

See Video of community on Youtube here

Posted in Sold Listings
March 31, 2024

Outline of The Purchase Process in the Dominican Republic

 

Did you know that there are no penalties, restrictions or additional taxes for foreigners buying property in the Dominican . The process is relatively easy and consists of 3 contracts as follows:

1) Offer to Purchase. This is a basic one page document which consists of the potential buyer's name, the property that is receiving the offer, the offer price and any financial terms and conditions to be included with the offer. All counter-offers will be executed on this contract.

2) Promise of Sale. This second contract is drawn up by your attorney, after the Offer of Purchase has been accepted. This contract consists of the seller's name and personal information, the buyer's name and personal information, details of the property being purchased, agreed purchase price, and any financial terms and conditions.

3) Closing Contract. This is the final contract and it is similar to the Promise of Purchase except that it includes the exchange of money and property. The buyer’s attorney will register all documents with the title office and pay necessary fees and transfer taxes.

You will receive your new deeds within approximately 90 days, and you're the proud new owner of your very own piece of paradise!

Please do not hesitate to contact us with any questions.

CLICK HERE TO SEE THE BEAUTIFUL PROPERTIES AVAILABLE

If you prefer to see videos of properties for sale :

CLICK HERE TO CHECK OUT OUR YOUTUBE CHANNEL!!

You can chat with me right now, if you like please click link below:

IF YOU HAVE ANY QUESTIONS AND WOULD LIKE TO WHATSAPP CHAT WITH ME PLEASE CLICK HERE

 

Posted in Buying a Home
March 30, 2024

Just Sold - Beautiful Villa in Ocean Winds in Encuentro, Cabarete $369k

Welcome to Ocean Winds, a stunning house located in the beautiful Encuentro neighborhood of Cabarete, Dominican Republic.

This spacious 2-bedroom, 2-bathroom property is now available for sale, offering a fantastic opportunity for those seeking a dream home in paradise.Upon entering the house, you'll be greeted by an open concept kitchen and living room, perfect for entertaining guests or enjoying quality time with your loved ones. The large private 1/4 acre lot provides ample space for outdoor activities and ensures your privacy.

One of the highlights of this property is the expansive pool, with a beautiful waterfall feature providing a refreshing oasis where you can cool off during those warm Caribbean days. Imagine lounging on the sized terrace that overlooks the pool, sipping on a cool drink while enjoying the tropical surroundings.For those who love the beach and water sports, you're in luck!

This property is just a short walk away from a popular surfing beach, allowing you to catch some waves or simply relax on the sandy shores. Safety and security are paramount, and this house is located within a secure gated community. Additionally, the yard is also gated, providing an extra layer of peace of mind, perfect for pet owners!With its ideal location, stunning features, and generous size of 1800 square feet, this property offers a fantastic opportunity to own your own piece of paradise.

Don't miss out on this incredible chance to make Encuentro your new home. Contact us today to arrange a viewing and start living your dream life in Cabarete!

HOA Fees $275 monthly

See video of villa here:

Posted in Sold Listings
March 30, 2024

Thanks for Visiting Remax Ocean Side Realty - Sosua and Cabarete Real Estate

Amazing Sosua Sunset View!! 👇🌴

 

Thank you so much for visiting RE/MAX Ocean Side Realty! My name is Joanne Hammond and I hope that you found the information on our website useful and suitable to your needs.

Buying a property in a foreign country often seems overwhelming but I am here to answer any questions you have and to guide you every step of the way. Please do not hesitate to contact me if you have any questions at all about purchasing real estate here in the Dominican Republic or just about life in general on the Island.

We continually update the listings and content on our site, so make sure to visit us often and feel free to let me know if you would like to see other sections on our website. My goal is to make sure that you feel as comfortable and confident as possible. I am here to help you make informed decisions and ensure a smooth transition during your entire buying experience.

FEEL FREE TO VISIT OUR WEBSITE TO VIEW ALL OF OUR LISTINGS CLICK HERE

Or if you would like to see great video walk throughs of our listings.

PLEASE CLICK HERE TO VISIT OUR YOUTUBE CHANNEL

Do you have a date planned to visit the DR? I would appreciate the opportunity to show you any properties that interest you and show you our area.

IF YOU WOULD LIKE TO WHATSAPP CHAT NOW PLEASE JUST CLICK HERE I am happy to answer any questions.

I look forward to hearing from you and to helping you find your piece of paradise.

Kindest regards,

Joanne 

Posted in Buying a Home