Real Estate in Dominican Republic – Los Altos

Los Altos Residence Club’s luxury villas are ready for occupancy!

Ownership opportunities include fractional ownership starting in the low $200,000s. Whole ownership condos are available starting from approximately $1 million and whole ownership villas from just over $1 million up to several million for an exclusive estate.

Fully Furnished 2 bedroom/2.5 bath (2,533 sq ft)

Price

US$200,000 for 1/8 fractional interest

Length of Stay

3 Weeks High Season/3 Weeks Low Season

Additional Days Available

Yes, subject to availability

Maintenance Fees

$6,000 annually, includes all unit expenses and property tax; utilities, insurance, maintenance, maid service, concierge, security, club fees and owner storage; golf cart, luxury SUV, pre-arrival shopping, beach Club.

Real Estate Taxes

Included in maintenance fees, approximately 1%

Rental/Share Projection

Owners at this property will have an opportunity to participate in a professionally-managed rental program. Due to SEC regulations governing the sale of condo hotels, we as realtors are not permitted to provide this information.

We can, however, put you in touch with our on-site contact at the property who will direct you to their rental management company representative. That representative is best qualified to answer any questions you have regarding the rental program.

Deposits Required/Expected Closing Date

20% 45 Days

Reservation Requirement/Deposit

$10,000 Reservation Deposit to review contract, held in escrow with Seller’s Attorney in a Dominican Republic Bank. Reservation deposit refunded after 21 days if contract is not executed. Balance of 20% down payment due with executed contract.

Buyer Incentives

Seller will pay closing cost of $1,500. One week Inspection Visits for $599. Up to $1,500 credit for travel costs applied to contract for purchase.