Confotur (Tax Free)
|Listing Type||Duplex Condo||Bedrooms||2|
“The Beach” is a brand new development of condos in Downtown Punta Cana at Pre Sale for Phase I.
Located in Downtown Punta Cana, only a 10 minute drive to the Puntacana International Airport in the main road.
This amazing development offers a “Crystal Lagoon” TM which resembles a beach with white sand, even so, Bávaro beach is only a 5 minute drive.
Delivery for phase 1 is set to be delivered in two years.
One Bedroom Condo: US $95,000.
Flat Rate of US $150 monthly maintenance fee
Two Bedroom Condo: US $125,000.
Flat Rate of US $225 monthly maintenance fee.
THE BEACH also enjoys from the tax exemption CONFOTUR, which includes 15 years free of the 1% annual property tax as well as the one time payment of the 3% transfer tax.
2,500 Reservation Deposit
10% upon contract signature
10% 3 months after contract signature
30% paid in 6 installments of 5% paid every three months.
Example for Two Bedroom Condo: 125,000
Reservation Deposit: US $2,500
First Payment 10%: US $10,000 upon contract signature
Second Payment 10%: US $12,500 60 days after contract signature
30% paid in six installments of US 6,250 every three months or in 18 monthly payments of US $2,083.33.
50% upon delivery in 24 months
Clients’ payments go to an escrow account to the Fiduciary who will administer funds for Construction: Fiduciaria Universal.
*DISCOUNTS AVAILABLE FOR PROMPT PAYMENT*
About Downtown Punta Cana:
Downtown Punta Cana has become the commercial hub of the Bávaro-Punta Cana area, where Bavaro and Punta Cana combine to accommodate all needs for tourists and locals. It is considered the financial district of the area, as it is where most of the mayor commercial offices are located, banks, supermarkets, pharmacies and mayor shopping centers. The Punta Cana International Airport (PUJ) is a 10 minute drive, and the top beaches and tourist attractions only a 7 minute drive.
There is a wave of new developments in the area, intended for long term rentals and commercial means. Downtown Punta Cana may be your go-to investment if you are looking for business-like condos and long term rentals ROI.