Available in 20 floor plans — which accommodate everything from one to five bedrooms in one-and two-storeys homes — residences measure from 893 to 6,499 square feet.
Prices range from $475,000 US for an apartment to $1.7 million for a beachfront villa.
Architect Juan Perez Morales took advantage of the surrounding natural beauty, blended them with modern man-made materials to come up with the designs and finishings for the residences.
Each home has granite countertops, stainless steel appliances, travertine and marble baths, coral stone terraces and mahogany doors.
As for the amenities on the property, they include rooftop solariums, children’s areas, pathway system, beach club, spa and gym, tennis courts, amphitheatre and mini-market.
The Dominican Republic boasts fine golf courses, marinas, exciting nightlife, ecoadventure opportunities, and cultural and historical destinations.
But at the same time, it provides plenty of space to just hang out.
Sonia and David Glass are Michigan snowbirds who bought an apartment in Balcones Del Atlantico in 2008 as an escape from Great Lakes’ winters. They have been able to watch the development grow.
“We had no hesitation investing while the development was underway,” says David. “We looked all around the area and Balcones was by far the best development, with the finest in construction quality and detail.”
There is the weather, beaches and the laid-back lifestyle of the Dominican to consider, but don’t forget the investment attributes.
Investors can buy prime oceanfront property for a fraction of the cost of comparable properties in the U.S.
In 1998, the government enacted a law allowing foreigners to buy property in the country with the same rights and obligations as Dominican residents — the only requirement being that title registry offices keep a record of all purchases made by non-citizens.
There are numerous incentives the government provides for foreign direct investments, including hands-on assistance to investors, a highly-developed free trade zone system, and one of the strongest telecommunications sectors in Latin America.
“Baby boomers are preparing for a life of rest and relaxation and are turning to the Dominican Republic to find their dream home,” says Morales. “The Dominican is now among the top 10 destinations in the Caribbean, Central and South America for areas to retire.”
While most of the world saw an economic downturn during 2009, the Dominican Republic’s tourism industry continued to grow. In addition, investment is also holding steady.
So far, Balcones Del Atlantico has sold 95 per cent of its first phase, as well as 25 per cent of its ongoing second phase.
A couple enjoys balmy seas in a colourful sailboat off the coast of the sun-drenched Dominican Republic in the Caribbean.