Las Terrenas on the Dominican Republic‘s Samana peninsula is a little piece of paradise. It boasts 19 miles of walkable, public beach, palm trees, warm breezes, and stars so bright it feels like you could pluck them from the sky.
This isn’t a manufactured beach or resort. It’s a laid-back, cultured getaway. In town, behind and between the palm trees, are chic cafés and restaurants run by French and Italian expats.
Round the point and you’ll find Playa Bonita (literally meaning “beautiful beach”). Because this beach is hidden by the point, it’s much quieter than the beaches you’ll find elsewhere in town.
I can’t think of a nicer place to have a beach home. You’ll find your dollars stretch here, too. I’m getting ready to tell members of my Real Estate Trend Alert (RETA) group about a new release of luxury condos just back from this beach. RETA-member-only pricing (once my lawyer has given me the green light) will start at $180,000 for a luxury two-bedroom, two-bathroom condo of 1,100 square feet.
Condos like these can rent for up to $250 per night in Las Terrenas.
This is a high-end project on one of the nicest stretches of beach, yet you are just minutes from the buzzing center of Las Terrenas. But though Las Terrenas is lively, it’s in no danger of becoming sprawling or overcrowded. It will stay boutique with low-rise and low-density development.
Direct flights now come from JFK (as well as Toronto) to El Catey airport 25 minutes away. And, a new (excellent) road means that Las Terrenas is only an hour and 45 minutes from the capital, Santa Domingo.
The rental market is strong. There’s almost year-round demand from Europeans. Wealthy Dominicans (of which there are many) flock here, too, for their vacations and during the big Latin holidays like Carnival and Easter. Canadian snowbirds come to escape their harsh and long winter.
They’re coming to relax in surroundings like this:
You can see why there is rental demand by the night, week, month, and year. And demand is especially strong for high-end rentals like the condos I’ve told you about.
A special situation has also led to one especially good deal in town. The developer is looking for a quick, hassle-free sale. Because of that, this luxury condo, steps from the nicest piece of in-town beach and some of my favorite restaurants, costs just $160,000. That buys you 1,300 square feet of space. Ordinarily, you could expect to pay $210,000 for a condo like this. That’s the most recent comparable price in this little community that my research has uncovered.
This condo was never used. The developer kept it and stored furniture there. It needs an investment of $10,000 to freshen it up and to upgrade its finishes.
This particular condo is in an established community set in lush gardens with its own pool area. It’s close to everything but still feels very private.
Or, if you prefer, you can buy into this beach town lifestyle for even less. $105,000 could buy you a studio condo here.
These are the kinds of opportunities I bring readers of my Real Estate Trend Alert group regularly. To get full and up-to-the-minute information on all of the deals and opportunities I uncover…or to learn more about Real Estate Trend Alert…click here now.
Editor’s Note: Ronan McMahon appears here courtesy of Pathfinder International, IL’s preferred real estate advertiser.