Sell price
$524,000
This 3-bedroom oceanview villa on a huge lot in Playa Encuentro is perched on a hill in a vibrant surftown, offering breathtaking, unobstructed ocean views that cannot be compromised by future construction.This versatile home splits into a 1-bedroom, 1-bathroom PLUS a 2-bedroom, 2-bathroom, each with its own living room and kitchen, access to the pool, and oceanview from all 3 bedrooms. Truly the perfect family home with rental opportunities.Playa Encuentro is a surf town on its way to becoming a surf city, so the large 1243 square meter (13,380 square feet) lot is a valuable piece of real estate in a growing community. The lower part of the lot close to the road would be a great place to add a detached rental unit.The Outdoor living of this home is really special. The large covered terrace to the front overlook the ocean and also offers potential to be enclosed for more indoor living space. At the backyard, surrounded by large mature fruits trees offering privacy, you have a nice big and deep pool that was recently redone, a BBQ, covered terrace, and lots of green space—ideal for entertaining or simply unwinding in your own slice of paradise.Equipped with backup inverter batteries that power the water pump so you are never without water or electricity, this property ensures comfort and peace of mind in the coolest neighborhood on the North Coast of the DR.At-A-GlanceEstimating Rental Income and Appreciation:This villa, with its guaranteed unobstructed ocean view and larger lot, could command a premium both in rental and resale value. Properties in Playa Encuentro have an average yearly appreciation of 10%.Rental Rate Premium: Given the superior view and lot size, your villa could potentially command a 10-20% higher rental rate compared to a similar-sized villa with no ocean view. Comparable villas in this community without ocean view rent for an average of $250 USD/ night.
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Estimated monthly payment
Based on 8% interest, 20 years (estimate only).
Source: website