Friday, August 24, 2012
Dear Reader,
I wrote on Wednesday about the plans for a new beach town in the Dominican Republic. This beach town will have luxury hotels, a hospital, school, commercial center and top-quality infrastructure. And this place will become an upmarket country club – where you will be able to play a round of golf, dock your boat at the marina, dress up for dinner or dress down for the beach.
We’re in country club territory. In the 50-minute drive from Santo Domingo’s international airport we’ve passed a series of country clubs. They’re following a trail blazed by the big daddy of them all, Casa de Campo.
Casa de Campo is, in a word, magnificent. It started in the early 1970s. It sprawls over 7,000 acres. It’s like stepping into another world – a world of the super-rich and super-pampered.
Guests and owners dock their mega yachts at the 400-slip marina. They can fly in their private jets to the international airport that’s only eight minutes from check-in at the resort.
They come here to relax and unwind in this private retreat. They can choose from four golf courses…play tennis or polo…or spend the afternoon clay pigeon shooting.
They dine or sip cocktails at the dozen or so restaurants, cafes and bars in Casa de Campo. They stock up at the resort’s own grocery store. Inside the grounds of the resort, Minitas Beach is a curve of white powder sand lapped by turquoise seas – and impeccable service at the beach bar.
There’s even a replica of an Italian hilltop village complete with art galleries, a church and an amphitheater that hosts concerts and private events.
Casa de Campo is a playground for the seriously wealthy. It gives them the privacy and security that they need and the level of amenities and service that they expect. It’s the cream of the crop as far as country clubs go. You don’t get much better than this.
Of course, property prices in Casa de Campo reflect its elite status.
Marina condos, golf course homes and mega-mansions dot the resort. The lowest-priced re-sale condo I saw on a recent tour cost $590,000. I saw some older golf villas from $875,000. A huge 10-bed 14-bath house boasted ocean views, luxury finishes and an asking price of $12 million.
In short, Casa de Campo isn’t early-in. And it isn’t cheap.
But 25 minutes down the road we’ve found an early-in opportunity. Grupo Piñero plans to transform 1500 acres of land with more than a mile of beachfront into an exclusive high-end resort and country club.
The plans include many of the elements that make Casa de Campo a success. This community will have a 200-slip marina, a golf course, beach clubs, tennis courts, an equestrian center, restaurants, bars and cafes.
So, you’ll enjoy country club amenities on your doorstep. And on a more practical front, the community will also have a hospital, commercial area and even a school.
The community is easy to get to. It’s close to two international airports. It’s less than an hour’s drive from the capital with big-city shopping, dining and entertainment, and a beautiful colonial center. The Caribbean coastline is a feast for beach-lovers, too. You can take your pick from unspoiled white-sand beaches, hidden coves and stunning tropical islands.
In short, this community is taking shape as a highly convenient, comfortable spot for a vacation or retirement home, or a snowbird destination to avoid the cold winter months back home.
But the price tags in this luxury community won’t break the bank. Because it’s early-in, it’s still highly affordable.
One deal in particular stands out. It’s a strong opportunity with very favorable terms, including a good discount. That discount means you can buy a lot here for less than $70,000.
I’ll give you the real skinny tomorrow on how you can snap up a slice of this luxury country club lifestyle for less.
Margaret Summerfield
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