On The Beach | Bavaro |Beach Residence is one of the newest and most luxurious developments along the beautiful Bavaro Beach. HGTV House Hunters International will be featuring this beach condo community in early 2011. Only 30 meters away from the beach, less than a two minute walk from the door of your condo. Most units offer partial ocean views. A total of 18 units in three buildings of 2 and 3 bedrooms. The 3 bedroom penthouse units are two levels of luxurious living area plus a private roof top terrace. Amenities include a beautiful pool, gazebo with BBQ area. High Quality Finishes!
Beach Residence is located in El Cortecito and Los Corales, in the heart of Bavaro. Is the closest to a small beach town/fisherman village in the area. This area is considered to be the downtown of Bavaro-Punta Cana. You will find restaurants, bars, pharmacies, supermarkets, shopping centers, gift shops and banks within walking distance. In addition, you are only minutes away from Palma Real Shopping Village, the largest mall in the east coast, where you will find Hard Rock Cafe, Tony Romas, Armani Exchange, Puma, Mailboxes Etc, a 3 screen movie theater and a nice mix of exclusive shops and boutiques. Punta Cana International Airport, Hospiten Hospital, Cap Cana Heritage School and Punta Cana International School only 15-20 minutes away.
This is one of the last established beach front communities within the 35 km stretch of white sand and turqouise colored beaches. Beach Residence is your home on the beach!
Testimonials – Beach Residence Property Owners
We have had the pleasure of knowing Scott for well over a year now and he was instrumental in helping us find a suitable vacation property in Punta Cana. We found Scott to be extremely knowledgeable about the real estate market in Punta Cana and he patiently showed us a number of properties until we were able to find the right property. Scott helped us get the right property close to the beach and he was also very helpful in negotiating a good price for us.
The best thing we like about Scott is his quick follow up to answer any questions or deal with any concerns. Scott is highly respected in the Punta Cana real estate business and working with him was like “a one stop shop”. Scott was able to refer us to a reputable lawyer to assist with the closing for our condo. After we closed, he also referred us to a very good interior decorator who assisted us with furnishing our property according to our tastes. He even assisted with obtaining necessary property insurance for our condo, opening bank accounts, opening utility accounts etc., which made our first real estate purchase experience outside of Canada a real breeze. Our condo purchase transaction closed in January of last year and because we got to know Scott and found him to be very reliable, always helpful and above all honest, we decided to retain Scott as our property manager and he is currently managing our rental property in Punta Cana.
We actually spent a couple of weeks at our condo last summer and got to get a feel of the real Punta Cana (outside of the resorts) and simply fell in love with Punta Cana and its people. Punta Cana has a lot to offer and we are hoping to be able to spend more time at our condo in Punta Cana this year. Needless to say, we are very pleased with our decision to purchase a property in Punta Cana and can hardly wait to return to paradise.
Munir & Fawzia – Toronto, Canada
Dominican Republic Yearly Property Tax Exemption
In regards to the yearly property tax exemption, any property that is worth RD$5,000,000 (approx. US$150,000) and under, according to government appraised value and not purchase price or market value is tax exempt. The government appraised value is a lot less than purchase price or market value. If the government appraised value exceeds RD$5,000,000 (approx. US$150,000), the first RD$5,000,000 (approx. US$150,000) are exempt and you pay 1% on the amount that exceeds RD$5,000,000 (approx. US$150,000).
For example, government appraised value US$200,000, first US$150,000 exempt, US$50,000 additional only pay 1% or US$500 per year. A property that has a government appraised value of US$200,000, probably has a market value of US$300,000 or more.