LA GOLETA is a prime undeveloped parcel of land approximately 3 kilometers west of Cabarete on the north coast of the Dominican Republic. The plot is approximately 240,000 square meters, or just under 60 acres. The drive west to the Gregorio Luperon International Airport is about 15 minutes and the flight north to Miami about 1.5 hours. This parcel of land has been held in a family estate for nearly 100 years and is unspoiled farmland lying between the ocean to the south and the main federal highway to the north. The terrain is relatively flat with a combination of beautiful sand dunes and cliffs at the ocean shoreline. The property is unique for the area because of the large acreage between the main road and the ocean, encompassing sufficient space for a modern, creative planned unit development. Road frontage on the main federal Highway #5 is 266 meters or 872 feet. In addition, there is a 106 meter (348 feet) arterial road that leads from the main road directly to the ocean on the east side of the property. Besides accessibility from two sides, electricity and water have been brought in. Thus, the property is ready for development. This pristine farmland has a few isolated areas of small trees, but is mainly open throughout and ready for construction and fresh tropical landscaping. La Goleta lies between the cities of Sosúa to the west and Cabarete to the east. It is one of the last remaining major pieces of undeveloped land in the area and consists of prime space for a development that could become a new and centrally located commercial center. Both of the surrounding cities are unique and popular in their own way, enjoying Caribbean vitality and color as year-round playgrounds for tourists. Developers working together could create La Goleta into a major tourism destination, as well as a fabulous retirement community with full metropolitan services. Value and Best Use: La Goleta has the potential for mixed-use development, combining residential, multi-family and commercial sectors, allowing one to support the other. The property has both ocean frontage and main road frontage and the highest value and best use might be for commercial property on the road, progressing to residential then multi-family living on the ocean. The beach can be separated into three distinct areas: one for use by the residential community; one for a multi-family condominium project; a third for a hotel or bed-and-breakfast. The entire area or part thereof could be planned as a private gated community with limited public access.
The Dominican Republic holds the title of tourism market leader in the Caribbean, according to the fourth quarter 2013 Caribbean Market Update from Integra Realty Resource, a real estate valuation and consulting firm. It is an international gateway country, the beneficiary of eight international airports and expanding airlift service from many major U.S. cities. Miami is a two-hour flight away, making real estate in the Dominican Republic highly desirable Read more about luxury homes in Dominikanische Republik