Parques Las Terrenas

Presented By: DR Paradise Real Estate

Please click to view PHOTO GALLERY

Dominican Republic Investment Opportunity Las Terrenas; The Caribbean’s Untouched Jewel

The Dominican Republic is located in the heart of the Caribbean.  It is located just 1,000 kilometers southeast of Florida. It is an independent country in the West Indies, a region of the Caribbean Sea. It occupies the eastern two thirds of Hispaniola, the second largest island in the Greater Antilles.
Hispaniola lies between the islands of Cuba and Puerto Rico.  The Dominican Republic’s land area, 48,000 km, makes it equivalent to the US sate Maryland.
The capital of the Dominican Republic is Santo Domingo.  Once ruled by Spain, the official language of the Dominican Republic is Spanish.  The country is predominantly Roman Catholic with 95% percent of the population practicing Roman Catholic faith.
Previously dependant on the export of sugar and other agricultural products, the Dominican Republic has become the most popular tourist destination in the Caribbean.  Today tourism and the Dominican Republics free trade agreement the US and 5 countries in Central America have helped to stabilize its economy.
The Dominican Republic really does offer something for everyone.  For those who dream of a one-on-one with Mother Nature, a visit to Las Terrenas on the Northeast coast is like pulling up a chair on her front porch.  

Las Terrenas

With the opening of a brand new International Airport, El Catey, located 30 minutes from Las Terrenas this year and the construction of a new highway coming in from Santo Domingo, the capital city, cutting traveling time down to 1 hour and 30 minutes, Las Terrenas has seen a boom in Tourism and much attention by local authorities and large international investors. 

  Unspoiled white-sandy beaches, coconut-covered mountains, clear mountain streams winding through lush, tropical rain forests, vibrant coral reefs, internationally known whale-watching and many other attractions, a destination of adventure is awaiting your discovery.

Las Terrenas has a very interesting mix of cultures and nationalities where you never know which language will be spoken, but you can always be sure to get a genuine French croissant, a fabulous gourmet Italian pasta, and a Japanese Sushi dish to die for. 

Census in Las Terrenas approximately: 
Number of Dominican's 25,000
Number of Tourists in the area: Around 5,000-8,000 in high season (Aug, Dec-Apr,)
Number of ex pat's in the area.  5,000 (living in Las Terrenas for 6 months or more)
Around 2,000 to 4,000 Haitians, (This number has increased, and is flocculating) 

Tourism in Las Terrenas

As with much of the world's mountainous terrain, Samana peninsula is fortunate to have a number of picturesque waterfalls.

The most famous Las Terrenas adventure is: El Limón Waterfall, locally known as Cascada El Limón or Salto Del Limón.  Here you can take a 4 hour tour on horseback with local guides through tropical rainforests and small native villages and end the trek looking over the breath taking water fall of El Limon. 

Las Terrenas is located in the Samana Peninsula which offers a variety of excursions and activities in less than 2 hours time driving. 

From the twin capes of Rincon Bay in Las Galeras to Playa Bonita in Las Terrenas to Los Haitises National Park across the bay from Sanchez to Samaná in the heart of the peninsula, the sights and sounds of this tropical paradise will remain with you forever, haunting your memory and tempting you time and time again to return. “You may leave Samaná, but Samaná will never leave you".

Real Estate in Las Terrenas

With the new International Airport, and Interstate highway from the capital, (finished in January 2008), Las Terrenas has seen much attention from large international investors. 

We are DR Paradise Real Estate, located in Las Terrenas.  Please view our website at: www.drparadise.com. 

Real Estate has been booming in this area for the past 6 months, and will continue to rise for next 4 years.  This is an undiscovered market and is becoming more popular, but as of right now there are still opportunities for every investor. 

Legal Options in the Dominican Republic

Investing in the Dominican Republic can be risk free when dealing with the proper real estate agents and law firms. We use Guzman Ariza Law Firm. Check out website at:  www.drlawyers.com.

Founded in 1927, Guzmán Ariza is the first and only national law firm in the Dominican Republic, with offices covering the city of Santo Domingo, the northern part of the island (Sosúa, Las Terrenas, Samaná, San Francisco de Macorís) and the southeast (Bávaro-Punta Cana).

We personally recommend Cesar Calderon.  He can be reached at:  ccalderon@drlawyer.com.

Stewart Title and American Title are also offering title insurance policies here in the Dominican Republic.  

See website at: www.stewartdr.com

Another wealth of information can be found at: www.bancentral.gov.do

Parques Las Terrenas

Located in La Barbacoa, a high end residential area in Las Terrenas, just 7 km from the center of town and lined with over 6 km of sandy stretching beaches. 

This area, La Barbacoa, has seen recent interest and development by some of this areas biggest investors and best developers. 

Parques Las Terrenas is a natural park area developed and owned by Michel Bizet, a French founding father of the area.  The Parque has over 1,500,000 sq. mts., over 370 acres of rolling luscious hills with stunning ocean views, tropical gardens, and developments. 

Investment Opportunities in Parques Las Terrenas

After years of hard work, land development, and sales, the owner of the project, Michel Bizet is ready to sell.  Confirmed price for Parque Las Terrenas is 1,000,000m2 - 10.00 US$ per m2. The owner will consider dividing the 1,000,000 meters into 3 lots..

As mentioned before, single family home serviced lots of 4,000 sq. mts. 1 acre, are selling in this project for $35-$55 US$ per sq. mt, which is 160,000 US$ per acre.

How to get a return on your investment

Existing in these 1,000,000 sq. mts. that are available is a project called Los Pintores.  This project consists of 30 lots for single family homes around 3,000 to 4,000 sq. mts., .75 to 1 acre priced between 90,000 US$ to 220,000 US$ per lot. This is 30 US$ to 55 US$ per sq. mt.  (Remember selling price of 10 US$ per meter)

Los Pintores has paved roads to access all of the lots, with curbs and drains, and has each lot plan and each lot marked out clearly by numbered marking posts.

This project is ready to sell, only needing the installation of electricity and water for each lot to be serviced.

Los Pintores is a great area that can be dedicated to an Artsy Caribbean Design Housing Project. 

There is room for at least 5 more projects similar to Ocean Breezes, in size of 100,000 sq. mts. or 25 acres.  These parcels include land with stunning ocean views, and also tropical garden land which is perfect for residential development.  These lots of 100,000 mts. will sell for the price of 20 US$ per sq. mt bringing back 10,000,000 US$.  

There are also areas for the smaller investors which would be perfect for the development of town houses.  There are 4 areas of 35,000 sq. mts., 8.75 acres, which would sell for 20 US$ per meter, these lots totaling 700,000 US$ each, bringing back 2,800,000 US$.

This area with town houses is a great area to develop in a modern and renewable energy style. 

We already have 2 investors looking for investments of this size and price to do projects of this nature right now.  They are just looking for the right land. 

Ocean Breeze Real Estate Project, Luxury Villas

 

We can help, especially at the design stage of your villa, with design ideas, materials and an architectural service already proven by the quality of our existing villas.

We can design your dream villa starting from your own design ideas or by providing detailed suggestions on the design work, based on our portfolio of Ocean Breeze approved designs.

Villas are envisaged as being between 350M2 and 650M2 of construction which provides ample space for inside and outdoor living with three to five bedrooms and a pool.

When the design of your dream house is complete you will have the opportunity to construct with our own building company or to choose from one of the approved alternative constructors.

May we suggest that you go to development page where you can see plans and 3D visuals plus in many cases photos of the finished villas.

 

Building Homes in Parques Las Terrenas

 

As you can see on the map, there is an area called the Ranch Club and the Cultural Zone and also a large existing office building.  This area covers about 5 acres of land. 

We recommend turning this area into 2 tennis courts, and a sports club.  This will be one of the features and selling points for residential buyers and developers. 

The ranch club can be kept with horses which will be available for home owners to use and tour the grounds by horse back.

The project will, of course, have sufficient security with armed guards and cameras. 

The details are of course to be figured out, but here is the big picture. 

Numbers and Returns on PLT Investment

Parques Las Terrenas Estimated Sales Plan
Property in Parques Las Terrenas
	Number of Lots		Aprox. Sq.mt.per lot		Price per Sq. Mt.		Total US$
Los Pintores	27		3,000		50 US$		$4,050,000
Lot Project A	30		3,000		40 US$		$3,600,000
Lot Project B	30		3,000		40 US$		$3,600,000
Lot Project C	20		3,000		40 US$		$3,600,000
						Total US$	$14,850,000
Housing Development:  Land sold to Developer’s looking to build and sell house packages
Project A	25		5,000		20 US$		$2,500,000
Project B	25		5,000		20 US$		$2,500,000
Project C	25		5,000		20 US$		$2,500,000
						Total USD	$7,500,000