11-Bedroom Building near Cabarete with Great ROI—Fully Furnished

$890,000

Building

27986 sq ft

11 bedrooms

Interested in purchasing this home?

Contact us and we'll send you an info package with financing options, owner fees and rental income.

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located in Cabarete, dominican republic

$890,000

Yes

Building

Already Built

27986 ft²

11

10

Shared Pool Access

Incredible 11 Bedroom Surf hotel with great rental history and very good ROI. Only a 5 min walk away from the world-famous surf beach Encuentro.

Common Pool    Landscaped Gardens    Granite Countertops    Fully Furnished    Balcony    24-7 Privacy

nearby highlights

This well-known operating business is nestled away in the center of what has been deemed by the Dominican government as the Surf capital of the country. This profitable business is located only a 5-minute walk to the world-renowned beach, Playa Encuentro. A 20-minute drive from the North Coast’s largest International Airport, just 10 minutes to both Sosua and Cabarete city centers.

This boutique hotel has been ranked #1Trip Advisor for the last 3 years for its record of returning and happy clients. Its ties to the surf and kite community keep Hooked Cabarete fully booked for all of the high season and at over 70% capacity in the low season.

Walk into the lush tropical gardens and you are met with tranquility. There are 8 studio apartments, each with its own kitchenette and garden balcony, plus an ocean view 3 bedroom unit with a large kitchen and rooftop terrace. Five of the studios are larger and can sleep up to 4 people, 3 smaller for a maximum of 2 people.

A big draw for clients to these units is the private terrace where guests can immerse themselves in Caribbean living with their own hammock, table, and chairs.

The water filtration system in place for the hotel purifies the water, making it drinking quality everywhere on site.

Around the corner of this walled property is a picturesque roofed wooden structure with hardwood flooring and gorgeous tropical flowers and fauna around the perimeter.  Accompanied by the sounds of nature, this space can be used for yoga or fitness classes, workshops, private or group therapy sessions, or events. Next to the open structure is an outdoor kitchen, that is used by caters to prepare meals and a huge garage perfect for storing the tools and appliances needed.

The grounds are impeccably maintained, with herbs, orchids, flowers, and colorful plants at every turn. In the far corner next to the slack line and library nook is a separate covered BBQ area and dining tables. Between the BBQ hut and the rooms is a large swimming pool with an interesting shape.

Located at the top of the main structure there is an oversized 175m2, 3 bedroom, 2 bathroom apartment with stunning views looking over the green trees to the ocean. It can be kept just as a much larger rental option or split into more rentable units for more income potential. Currently, it is occupied by the managers of Hooked. The living area is spacious and open plan, with wooden beam finishes, and newly installed countertops. Outside there is an oversized sun-soaked terrace, but it also could be converted into rentable space.

The potential of this property is uncapped for visionaries, opportunities to invest in a business of this nature do not come around every day.

It’s worth noting that the Playa Encuentro neighborhood has seen the most growth in property value on the North Coast of the island, arguably the entire country! Word has caught on about the world-class waves, cheap lifestyle, beautiful people, and great nightlife.

Features

  • BBQ Grill
  • Dryer
  • Fridge
  • Garden View
  • Gas Range
  • Grass Yard
  • Hardwood Cabinets
  • Kitchen Granite Counters
  • Microwave
  • Pool Inground
  • Private Garden
  • Stove
  • Terrace
  • Tile Flooring
  • Wall Air Conditioning
  • Washer

Interested in owning this home?

Contact us and we'll send you an info package with financing options, owner fees and rental income.

On parle français | Nosotros hablamos español

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