Walk to the El Cortecito & Los Corales - Bavaro Beach, Punta Cana

• 27 UNITS
• 26 UNITS ARE 2 BDR 2 BATH, 115M2 = 1,237SF, 1 UNIT IS 3 BDR LOFT PH 198M2 = 2,131 SF
• 7 Minute Walk to the Beach!
• From US$147,000
• COMPLETION DATE - NOW READY FOR OCCUPANCY!

Great Potential Rental Income Opportunity

26 units are 115m2 (1,237 SF) 2 bedroom and 2 bath condos and 1 unit is 198m2 (2,131 SF) 3 bedroom and 2 bath PH with Loft.  All units have pool views right from your very own balcony. Solid concrete construction, marble floors, granite counter tops, precious woods. First floor units will have side terrace with patio access and third floor units will have a private roof top terrace (50m2-538 SF). 

Corte Sea, built by The Montas Family.  They are one of the most reputable, reliable builders in Bavaro-Punta Cana and the Dominican Republic.  The Montas Family are the ones responsible for me being in Punta Cana.  They knocked on my door in my Miami in 2006 and provided me the opportunity to sell Arenas de Bavaro and Corte Sea.  They even turned me into property owner of one of the condos in Arenas de Bavaro.  I believed in them, in the quality of their construction and how responsible they are with their products.  You can see the full story on when I moved from Miami to Punta Cana on HGTV House Hunters International.  Click Here HGTV Part 1-You Tube, Click Here HGTV Part 2-You Tube, Click Here HGTV Part 3-You Tube

As of August 2012, in Arenas de Bavaro we have sold 25 of 42 units and in Corte Sea we have already sold 12 of 22 units sold so far.  Two of those units were resold prior to the completion of the construction and delivery. That is a total of 14 sales in Corte Sea.  If you are looking for the Corte Sea and Arenas de Bavaro experts, then you have found them.  See the testimonials below from the owners that have already closed and moved into their units.  

Last but not least, I want to thank Don Luis Ulises, Eridania, Edgar, Isabel, David and Johanna for their hard work and dedication and for always working with me and my team to ensure happy clients.  I consider the Montas Family to be my Family in the Dominican Republic and look forward to many more years to come.

Thank you for making my dreams of life in the Caribbean come true!

Corte Sea is 500 meters (4 city blocks) from the shoreline of the El Cortecito Beach. El Cortecito Beach is the closest to a small beach town/fisherman village in the area. This area is considered to be the downtown of Bavaro-Punta Cana. You will find restaurants, bars, pharmacies, supermarkets, shopping centers, gift shops and banks. This is one of the last established beach front communities within the 35 km stretch of white sand and turqouise colored beaches. Best value that can be found in the Punta Cana Real Estate market.

• Prime Location (Downtown area)
• High Quality Solid Concrete Construction
• Reputable Developer
• Walking distance & access to El Cortecito and Bavaro Beaches
• 24 hour security
• Gym
• PH has private access to roof top terrace from the interior of the unit.
• 5 minutes from Casinos & Restaurants
• 15 minutes from the Punta Cana International Airport
• 8 minutes from Hospiten Bavaro Hospital
• Proximity to World Know Golf Courses
• New Shopping Centers Palma Real Shopping Village (5 minute drive) and San Juan Shopping Center (10 minute drive). Hard Rock Café, Tony Romas, Super Pola Supermarket, Moviemax, Armani Exchange, Rolex, Converse, Puma, El Burrito Mexican Restaurant, Banco Popular, Pizza Hut, Haagen Dazs, Levi's and much, much more.

Sylvain & Carita - Canada

When you buy a property in a foreign country, you need to rely on your realtor to make sure that you make the right investment.  Let me say that we had a wonderful experience working with Ellen and Scott from Punta Cana Real Estate.

It was our first experience buying anywhere outside Canada and Ellen was able to be patient, knowledgeable and reliable; working around our specific demands as we were in search of our first paradise investment. Scott went way far beyond our expectations in providing us with his assistance in setting up bank accounts, temporary storage, and so much more. We couldn’t be more happier with the condo that we found and the friends that we made!

Ellen and Scott are way more than realtors but are part of our very special family in Punta Cana.

Thank you so much for making our dream come true.

Carita & Sylvain

Jesus & Enid - San Juan, Puerto Rico

Dear Scott:

We find it hard to believe that what began as a dream a few years ago has become a reality!  It all began as a news paper article which we saw in Puerto Rico talking about La Costa Destination and the benefits of investing in real estate in Punta Cana.  We had visited Punta Cana before but it was not until we contacted you and La Costa Destination that we fell in love with Punta Cana especially with its beautiful beaches and its warm people.

When we decided to look at the properties we were pleasantly surprised at the quality of the construction and the attention to details.  We appreciated the courteous treatment and the patience with which we were shown around.  A short walk to the beach and a look at the turquoise waters and white sand completed a perfect picture.  Needless to say that before leaving Punta Cana we optioned an apartment in Corte Sea based mostly in the blueprints as construction had not yet began.  We also noted that what we were originally offered was improved on significantly as you did not settled for something that was already good and, drawing from the experience of previous developments made ours better.

We must admit that, initially, we had some doubts about investing in a foreign country as we were not familiar with the laws and procedures.  In this area you were more than helpful taking us through the whole process and placing us in contact with very competent professionals like attorneys, bankers and others.  We appreciate your professionalism which is second to none.

Not being there we have relied on you to take care of all the details of making the apartment ready from keeping us informed, through e-mails and pictures, of the construction progress to furnishing and decorating it, connecting the utilities, etc.  You guys leave nothing to chance!

Having an apartment as an investment and at the same time as a second home is the best of two worlds.  Although in the last couple of years the apartment has not appreciated in value we have noted that is maintained its value unlike properties here in Puerto Rico (and in most places in the United States!) where property prices have plummeted.

We plan to spend more and more time in Punta Cana in the not too distant future and are seriously considering acquiring another property there.  Needles to say we would count on you, Scott, to help us in this endeavor.

Enid & Jesús 

In regards to the tax exemption, any property that is worth 6,500,000 Dominican Pesos (+/-US$160,000) and under, according to government assessed value and not  purchase price or market value is tax exempt.  The government assessed value is a lot less than purchase price or market value. If the government assessed value exceeds 6,500,000 Dominican Pesos (+/-US$160,000), the first $6,500,000 Dominican Pesos (+/-US$160,000) are exempt and you pay 1% on the amount that exceeds 6,500,000 Dominican Pesos (+/-US$160,000).  For example,  assessed  value 7,500,000 Dominican Pesos (+/-US$185,000), first 6,500,000 Dominican Pesos (+/-US$160,000) exempt, 1,000,000 Dominican Pesos (+/-US$25,000) additional only pay 1% or 10,000 Dominican Pesos (+/-US$250) per year.  A Property that has a government assessed value of 7,500,000 Dominican Pesos (+/-US$185,000), probably has a market value of 11,000,000 Dominican Pesos (+/-US$275,000) or more.

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