Friday, December 14, 2012
Take a look at this Caribbean island beach:
With 19 miles of beautiful beaches, it’s not surprising that Las Terrenas in the Dominican Republic is a popular spot for vacationers.
But property prices here might surprise you. You can buy a condo 200 yards from this beach for only $139,000.
You could jog on the beach in the early mornings. Cool off in the sea in the tropical afternoons. Stroll to a little beach bar to shoot the breeze over a couple of beers. Walk to grocery stores and restaurants. This condo’s central location is super-convenient.
The location appeals to renters, too. You could expect 70% occupancy if you rented it out short-term. High season runs from December to April. You can charge up to $190 per night during high season. Rates go down outside those high season months; renters usually pay $110 in low season if they rent for more than a week.
The condo is a three-bed two-bath corner unit on the ground floor with 1291 square feet of living space. That includes a large terrace for relaxing or entertaining that overlooks landscaped grounds. The complex has a swimming pool and social area:
The condo comes fully furnished. You can move right in and start enjoying Caribbean island life. Or you can start renting it straight away and generating rental income.
The owner needs to sell. He’s cut the asking price to $139,000. He’s firm at that price. It works out to $108 per square foot. That’s a good price for a condo in a great central location and a short stroll to the beach.