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Vacant Land In Magante

Land/Lots/Farm

  Vacant Land for Vacation & Second Homes DevelopmentDominican Republic

Magante, Dominican Republic     DRL# 3754   
$51,000,000 USD  
  • Vacant Land In Magante
  • Vacant Land In Magante
  • Vacant Land In Magante
  • Vacant Land In Magante
  • Vacant Land In Magante
  • Vacant Land In Magante
  • Vacant Land In Magante
  • Vacant Land In Magante
  • Vacant Land In Magante
  • Vacant Land In Magante
  • Vacant Land In Magante
  • Vacant Land In Magante
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  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) acreHotel with CasinoTown Homes and CondominiumsMarinaHeliport & Private Airport Page #1 of 2Comparable Projects:Bahia Principe Beach ResortPlaya Grande Resort & Golf ClubCabarete 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 SalesUS$3,000,000 Retainer with two (2) months allowed for due diligence. Miscellaneous:Joint Ventures may be acceptableDevelopment and Construction financing may be obtainable Others:1 - Small scale surveys of the land available.2 - Topographical data not available3 - Potable water is available from the municipality4 - Electrical Energy available from the local utility



Bedrooms: 1Bathrooms: 1
Levels: 1Lot Size: 2999510 m2







 

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Dominican Republic

33 listings on DRListings.com

Real Estate agent in the Dominican Republic. For more information on this listing call DRListings at 809-571-1027 or 809-779-9949.

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