PUNTA CANA BAVARO LOS CORALES 1 BEDROOM CONDO FOR SALE
Maiya Hermosa is UNDER CONSTRUCTION NOW! Estimated delivery PHASE I: Summer Fall 2022. A ground-breaking new development from a renowned builder and developer. Maiya Hermosa, is located just a short walk to the beach – just adjacent to the charming community of Los Corales – along the shores of Bavaro Beach.
STRATEGIC LOCATION: 4 minute (or 300 meter) walk to the Beach and less than 2-20 minute walk to many other Shopping Areas. Maiya Hermosa is located in the heart of Los Corales, Bávaro (Punta Cana), and surrounded by numerous shopping, entertainment, perfect location for your investment.
TAX EXEMPT BENEFITS!!! MAIYA HERMOSA QUALIFIES FOR THE TAX EXEMPTION! through the CONFOTUR - Tourism Incentive Law No. 158-01
This Confotur “Tourism Incentive Law No. 158-01” was created to promote tourism development in areas in the Dominican Republic that have great potential as new or existing tourist destinations. It is aimed at areas that have not yet reached their expected potential as thriving new communities of international investors. This law and its associated regulations establish incentives for investments in the designated areas and are meant to be a legitimate stimulus to reach the country’s goals and objectives for tourism development.
TAX EXEMPTION WITH CONFOTUR:
• 0% Transfer Tax – Exempt from paying 3% transfer tax.
• 0% Transfer Tax – Exempt from paying 1% property tax over the tax base amount.
• 0% Income Tax – Exempt from paying 20% income tax on rental income received.
• 15 Year Benefit – The above exemptions run for a period of 15 years.
V.S. Properties without the CONFOTUR approval, where buyers are required to pay the one-time 3% Title Transfer and Property Taxes, based on the lower assessed value of the property; required in order to transfer the title from the Developers name to your name. Property Tax – If the property assessed value is over RD$ 7,438,197.00 pesos (or $148,000 USD) owners will be require assessed value.
So the benefits of buying a property with Confotur Approval are substantial.
Just like its successful "Hermosa Condo Community" predecessors, the Developer/ Constructor of Maiya Hermosa condo community has designed a creative and luxurious modern community with a resort-like concept fulfilling every lifestyle.
YET... AT AN AFFORDABLE PRICE.
Open floor providing boundless spaces where contemporary style converges with the current trend. High end materials with streamlined modern cabinetry, solid-surface materials, with a mixture of attractive surfaces, and hand stained wood accents. Inside each of the luxury condos, you’ll find all the amenities you would come to expect and appreciate in such a new construction development. Large and beautiful terraces overlooking the tropical courtyard below. All these exceptional benefits set this community apart from others in the area.
Maiya Hermosa’s modern buildings are well situated around two central courtyards, complete with resort-like swimming pools, lounge areas, and even a tennis court onsite. This concept is the very first in the area.
Built on one of the last remaining parcels of land in the area, Maiya Hermosa has every criteria imaginable for even the most cautious or persnickety personalities.
ELEVATORS EACH BUILDING, A SPACIOUS LOBBY WITH A RESTARUANT, 2 SWIMMING POOLS, PRIVATE INFINITY POOL FOR VIP AREA, MODERN GAZEBO, GREEN TROPICAL LANDSCAPED AREAS ,BBQ AREA, A PLAYGROUND, GATED PARKING, FITNESS CENTER. HANDICAPPED-ACCESSIBLE, CONTROLLED ACCESS, 24/7 SECURITY WITH NIGHT VISION CAMERAS., COVERED PARKING, WIFI COMMON AREAS WITH OSMOSIS WATER TREATMENT, AND EVEN BEACH CLUB ACCESS.
Reservation Deposit $5,000 U.S.
20% due in 30 days, as the initial payment (includes reservation deposit)
60% due during construction (preferred to be divided into 4 payments). ·
20% balance due upon completion, inspection, and delivery of your unit
SURROUNDING BEACH-TOWN AREA AMENITIES: Just a short walk (or even drive) to everything in our fun, safe, expat neighborhoods of Los Corales and El Cortecito (short drive to Cocotal Golf community). Just a short 4-20 minute walk to 5 other beach accesses (w/ beach bar/ restaurants), over 40 dining options, a variety of shopping, grocery stores, Doctors, Dentist, pharmacies, cash exchange/ ATM's, gyms, spas, salons, fruit stands, bakeries, recreational areas (tennis, basketball, children's playground), a dive shop, and so much more! All just a short walk away and within our fun, safe and famous HGTV BEACH-TOWNS!
A SHORT DRIVE TO SO MUCH MORE! Just a short 7-minute drive to the Cocotal Championship golf course, & the Palma Real Shopping Mall; home to Papa Johns, Banks, a pharmacy, an array of shopping, and the larger Super Lama supermarket (to name a few).
Only a 14-minute drive to the newer Downtown Punta Cana area, where you’ll find the San Juan Mall (with Super Pola, a large grocery store), along with an array of other shops. DownTown Punta Cana additionally offers; IKEA, Pizza Hut, Subway, Burger King, Jumbo Super Market, Coco Bongo Night Club, the New wake-board activity center, several more restaurants and shopping, and so much more! Only a 22-minute drive to the Punta Cana Village and Resort, and a 25 minute to the Punta Cana International Airport.
Should you want to venture to other beaches, malls, dining options, or even the newer and Active Downtown Punta Cana area... Public bus transportation is available (for only $1.00 p/p one way) and pick up is accessible just about anywhere. The Public buses are very safe, and used often by tourist and expats (as well as our friendly Dominican locals). 20 minute rotations providing affordable transportation to places like the Palma Real Mall; where you'll find the Super Lama Supermarket, or the Cocotal Golf, or perhaps to The San Juan Shopping Center (IKEA, Cinemas, Payless, etc), Jumbo Mega Shopping, numerous Intl. Dining places, The Blue Mall, or even places in Veron, or Punta Cana Village. Even to the Punta Cana Intl. Airport.
Don't miss your chance to reserve your future home and/or investment!
Land in this area is nearly exhausted. Meaning property values for any condo built within our 2 beach-town areas, (including new condo communities under construction now) will really show significant appreciative values by 2021-2022! So now is the time to buy! Waiting will be detrimental!
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