Walk To Beach | Bavaro | Blue Lake was conceived to deliver to residents a truly exceptional experience. Blue Lake masterfully combines outstanding design with comfortable, luxurious spaces – all designed to provide a feeling of tropical freedom often lacking in the competition. Blue Lake is nestled amongst the lush landscape of the famed “Cocotal Golf & Country Club” community, just across from Melia Resorts fine amenities.
Blue Lake offers such amenities as:
• Lake front infinity swimming pool
• Golf community with clubhouse and community swimming pool/lounge/bar area
• 24/hr guard gated security
• 2 Assigned private parking spots
• Lake & golf course views
• Private beach club with exclusive ownership benefits
• Tennis courts and sports facilities at the Melia Caribe Tropical
Beach and Golf Benefits for owners:
Owners at Palma Real Villas (Cocotal Golf & Country Club) allows you use of hotel-styled pool at Club House. Allows for a discounted Green fee with proof of residency, or you may apply of membership, with a USD$1,000 per year fee, and a Green fee of USD$21 each time you play. Access to beach and Gaby Beach Club, proper ID required, as well as discounts off hotel day and night passes, discounts club house lounge and restaurants, and discounts at Gaby Beach restaurant, the list goes on- call us for more information!
This project qualifies for TAX EXEMPTIONS (CONFOTUR LEY-158-01)
1% OF ANNUAL TAX FOR FIRST TITLE PERSONAL PROPERTY FOR 15 YRS
TAX EXEMPTION OF 3% OF THE TRANSFER OF TITLE TO DEVELOPER FIRST BUYER
Only 15 minutes from the Punta Cana International Airport (PUJ). A short 5 minute walk to Palma Real Shopping Center and Plaza Lama Super Market. A 5-minute drive you will have San Juan Shopping Center and Downtown Punta Cana. You will find Pola Supermarket, JUMBO Supermarket, Pizza Hut, Ikea, Caribbean Cinema, Coco Bongo Show & Disco, and Dolphin Discovery theme park to name a few.
Monthly condo fees will be approximately US$1.5 per square meter. CATV, Internet, phone and electricity services not included in condo fees.
Professionally Managed Condo Services:
Go Punta Cana Real Estate property management program makes vacation rentals a convenient and pleasurable experience for both its homeowners and guests. It is our goal to be the 1st choice for rental management services. The rental management program and property care services offer the best value possible for revenue and the maintenance of your vacation property.
Flexible Payment Plan:
• $5,000 to reserve a unit
• Complete 20% upon signing the promise of sale
• 60% During Construction (4 payments of 15%)
• 20% remaining with the delivery of the unit
Closing Costs & Taxes:
• Lawyer fees 1%-1.5% of the sale
• Blue Lake is a real estate development that will be benefited by CONFOTUR: this will provide important and significant incentives and benefits, to those individuals or companies that invest, such as:
• Properties purchased under Law 158-01 (CONFOTUR) will be exempt from tax on transfers of property rights, the 3% of the property value; and,
• Exempt from annual real estate tax (IPI), which is equal to 1% of assessed value of the condo
Deed (Titulo), Ownership & Financing:
We list only properties with deeds (TITULO). No restrictions for foreigners to purchase or own property in the Dominican Republic. Dominican Banks offer financing for properties with deeds (TITULO). Foreigners MUST have Dominican Residency in order to apply for a mortgage loan. The Dominican Republic is primarily a CASH MARKET.
Our Full-Service Real Estate Office:
We ARE NOT a home/car based real estate business. We DO HAVE a PHYSICAL OFFICE located in a strategic location, which brings us great exposure. That means more walk-in clients for properties that are FOR SALE as well as for VACATION RENTALS.
We DO HAVE 15+ FULL TIME employees with diverse backgrounds that will be able to help you with real estate sales, property & vacation rental management, Internet marketing and house-keeping needs.
We DO HAVE 15+ independent contractors that assist with architectural design, construction, interior design, personal shopping, legal assistance, property insurance, ground transportation and excursions. We understand that buying in a foreign country is a big decision so we provide you with qualified professionals that provide assistance in different areas.