La Goleta Development Land – Price Upon Request – (See Video Below)
La Goleta has been a beach-front farm for decades, but is now released for development. The stunning piece of property has a stretch of beaches, sand dunes and moderately elevated cliffs. It contains 240,000 square meters (60 acres) for a price of $27.6 Million USD. It is located 3 km west of Cabarete on the north coast of the Dominican Republic. The drive west through Sosúa to the Gregorio Luperón International Airport is about 15 minutes. The flight north to Miami is about 1.5 hours.
This parcel of land is unspoiled farm land and has been held in a family estate for nearly 100 years. It situated between the ocean to the north and the main federal highway to the south. 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, which encompasses sufficient space for a modern, creative planned unit development. In addition, it’s strategic location between Cabarete and Sosua makes it a prime acquisition for multi-use real estate.
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. Thus, the site is accessible from two sides. This pristine farmland has a few isolated areas of small trees, but is mainly open throughout and ready for construction and fresh tropical landscaping. With electricity and water already adjacent to the site, this prime property is immediately ready for development.
Situated between the cities of Sosúa to the west and Cabarete to the east, La Goleta is one of the last remaining major pieces of undeveloped land in the area. It is 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.
Highest 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.