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Realtors
Vacant Land for Vacation & Second Homes Development.

Misc ID:    042448
Type:    Lots/Land for Sale
Location:    Magante 
Price:    US$51,000,000 / Sq M (Negotiable)

Listed By

Emilio Brown

Contact Us (Email)

Phone: 786-412-6722
Fax: 305-639-3356
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Features:
 
Lot size: 750 Acres
Property size: 3,000,000 m2
Bedrooms: 0
Bathrooms: 0
 
Amenities:
 
Ocean View   Mountain View   Ocean Waterfront  

Details:   
LOCATION:
Atlantic Coast (North) of the Dominican Republic next to the town of Magante, in the Espaillat Province, near the cities of Gaspar Hernandez and Rio San Juan.

DIMENSION:
2,999,510M2 (741 Acres) mostly flat and rolling hills rising in elevation from Sea Level to 150 Feet Above Sea Level at the Southern Boundary.

GENERAL DESCRIPTION:
The property is in virgin state populated with fruit (Coconut Palms, Lemons, Mango, Oranges, Sea Grapes, Cocoplums) shade and ornamental trees (Royal Palms). It is bounded on the North by the Atlantic Ocean, on the East and West by small rivers, on the South by a RD5 a main highway.

AMENITIES:
Ocean Front with potential for Beach Front Estates. A River (about .6 mile long within the property) that runs into the Ocean with potential for a Marina and River Front Estates. Because of the topography of the land, a Lagoon with Ocean access could be made with potential for another Marina and Water Front Estates.

BEACH FRONTAGE:
0.9 miles of light sand beaches lined with Coconut Palms that provide shade, fruit and coconut water, also Sea Grapes and Cocoplums.

ACCESS ROADS:
The property is bounded on the South and passed through by 0.6 mile of Main Highway. This Highway borders lush green rolling hills almost its entire length.

NEARBY AIRPORTS:
Puerto Plata (50 minutes) and Samana (70 minutes) are both international airports.

NEARBY RESORTS:
Bahia Principe (5 minutes) and Playa Grande Resort and Golf Club (15 minutes).

PROPOSED BEST USES OF PROPERTY:
Villa Estates one (1) acre and one half (1/2) acre
Hotel with Casino
Town Homes and Condominiums
Marina
Heliport & Private Airport

COMPARABLE PROJECTS:
Bahia Principe Beach Resort
Playa Grande Resort & Golf Club
Cabarete Beach & Sosua Beach(Multiple Resorts & Developments)
Atlantica (in planning) near the City of Luperon

PROPOSED INVESTMENT (ASKING PRICE)
Property Acquisition 2,999,510M2 x US$17.00/M2 = US$51,000,000

TERMS OF SALES
US$3,000,000 Retainer with two (2) months allowed for due diligence.

MISCELLANEOUS:
Joint Ventures may be acceptable
Development and Construction financing may be obtainable

OTHERS:
1 - Small scale surveys of the land available.
2 - Topographical data not available
3 - Potable water is available from the municipality
4 - Electrical Energy available from the local utility

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Contact: Vacant Land for Vacation & Second Homes Development.
Misc ID: 042448

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