Mediterranean Style Villa on a Private Mountain | 4 Min Walk To The Beach

This is a once in a lifetime chance to own your own private ocean view villa in the prestige ocean front community of Loma Bonita. Surrounded by multi-million dollar villas. This Mediterranean style villa is sure to turn heads.

Located 3-4 minute walk to the one of the most beautiful beaches in the world on Playa Las Ballenas. You can enjoy the beautiful local restaurants located at the foot of your hill whenever you Ike.

On a private mountain with only total 10 villas. A small street brings you to this special place. A villa in a prime location for sale in Las Terrenas.

There are so many opportunities here awaiting you, with some subtle changes you can experience instant appreciation along with a large jump in the value of this home.

Please watch the video attached to the listing for a full tour of this property where Kash dives right into this Mediterranean gem located here in paradise.

The property has a laundry and technical room. Besides that, a huge covered garden terrace below.

What really makes this property unique is:

• the garden is a piece of art (the owner is a landscape designer)
• tucked away between other villas, a piece of heaven
• open floor plan with large terraces and jacuzzi
• expansive open green views in front of you
• 3-4 minutes walk from Playa Las Ballenas beach
• distance to town with car 4-5 minutes
• beautiful ocean views
• comfortable layout
• massive master bedroom
• very good maintenance
• inside a safe and secure community
• more than enough space for a pool

Details of this Las Terrenas home for sale:

• 3 bedrooms and 2 bathrooms on the lower level
• kitchen, living, half bathroom, and terraces with jacuzzi on the ground floor
• 1.5 garage in front of the road
• AC in bedrooms
• electricity backup system with batteries
• fully furnished and ready to move in
• private water well and rainwater collection

Costs of this villa in Las Terrenas:

• average electricity around 1,100 USD a year
• maid 9 hrs per week at 1,850 USD a year
• insurance 1,433 USD per year
• Hoa fees 2,400 USD per year (security, road maintenance, garbage pickup, electricity for road lighting
• fiber optic internet 500 USD a year
• fiscal value home is around 165,000 USD, which results in yearly real estate taxes of around 160 USD

Costs of buying the villa:

• lawyer and notary fees 1% + 18% VAT over sales price = 7,670 USD
• 3% transfer tax over fiscal value = 4,950 USD

Rental numbers:

• 2021 gross rental income around 17,000 USD (combination of private use and renting out)
• 2021 net income 14,900 USD a year

What use for this property:

• without any doubt permanent living
• or a combination of temporary living and renting out