Lot for sale in El Cosón, Las Terrenas, Samaná

36,000 M2 beachfront lot Playa Coson for sale

US$ 10,500,000

Lot: 36,189 m²

Overview

Lot for sale in El Cosón, Las Terrenas, Samaná: 36,189 m² lot. Price: US$ 10,500,000. Includes beachfront.

Features

Beachfront

Full listing description

The Cosón Beach Project (formerly Isabela Beach Resort) is located at coordinates 19° 17' N & 69° 35' W, at Playa Cosón Beach, Las Terrenas, Samaná Province, Dominican Republic. Specifically, it is situated on parcel No. 3918-A of Cadastral District No. 07, in the municipality and province of Samaná, with approximately 100 meters of beachfront. The total surface area is approximately 36,189.15 square meters, covered by two Title Certificates (attached). The property comprises two sections, separated by Cosón Street: The first section is approximately 16,477.66 square meters with 100.97 linear meters of beachfront. The second section is approximately 19,711.49 square meters. Both lots have direct access via a paved road. During its operational period, it had the capacity for approximately 114 hotel units with a maximum of 120 rooms. It also featured four family-style villas at the front. The 3 options to buy: • A. Sale of the entire lot, 36,189.15 m2, US$10,500,000.00 • B. Sale of a 16,000 m2 beachfront lot, US$8,000,000.00 at a rate of US$500.00 per m2. 477.00 m2 of this lot is reserved for a pedestrian access path to the second lot. • C. Lot of 19,711 m2. 49 m2 at US$185.00 per m2, approximately US$3,600,000.00, with direct pedestrian access to the beach. Very important notes: • On Lot B, it is possible to develop or rebuild 140 new rooms, given that the existing structures predate the 2007 MITUR regulations. • On Lot C, the aforementioned regulations apply, allowing for approximately 35 rooms per hectare (approximately 70 rooms total). • If Lot C is negotiated first without requiring the access road through Lot B, Lot B could be sold with its full area of 16,477.66 m2.