Bahia de Maimon – Puerto Plata
$10,850,000 (309,983 m2) $35/m2 – This stunning farm and ranch land is just west of the new cruise ship terminal in the Bay of Maimon and is situated approximately 25 kilometers west of the Gregorio Luperon International Airport. Puerto Plata is only a few minutes away. This property contains 309,993 square meter parcel of rich farm land (77 acres) and has gentle and rolling hills that slope all the way to the ocean frontage. There are multiple slopes for tremendous ocean views and multiple flat areas for livestock, orchards, barns or residential areas. Bahia de Maimon is a small resort town and parts of the area are a Natural Monument in the Dominican Republic. These areas are protected by the Government due to having unique natural aspects or a significant cultural value including caves, areas with monuments or ruins of historical value.
The property is unique for the area because of the large acreage between the main road and the ocean which encompasses sufficient space for a modern, creative planned unit development. There is also a new road planned direct from Puerto Plata to the beautiful bay of Luperón, which would increase the commercial value of this location.
Highest Value and Best Use: – Bahia de Maimon 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. In addition, a “Farm and Ranch” community could be developed whereby the ranch properties would have access to the amenities of the other developments within the same gated community. The ocean frontage is extensive and the beach areas can be separated into distinct private use 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.
CARNIVAL ANNOUNCES A $65 MILLION CRUISE PORT – Tourism minister Francisco Javier Garcia announced in Santo Domingo the construction of a modern cruise ship terminal in the town Maimon, at a cost of US$65 million. This could generate around 30 million dollars in its first year in operation. He said the terminal will positively impact the province and can simultaneously berth two boats totaling at least 4,000 passengers. Garcia said an investment of this breadth by the Carnival Corporation guarantees the project’s success, expeditious construction, and the massive presence of cruise passengers. “The speed of the work stems mostly because that investment doesn’t require any financing or Dominican Government facilities for the investors.”