Manatee Peninsula – Caribbean Beachfront Land Sale – Eco Resort Development Opportunity in the Dominican Republic
The pervasive “green” consciousness of the 21st century has sparked tremendous demand for Luxury Eco Resort Tourism Travel, where families can participate in eco-friendly activities without compromising luxury accommodations and amenities. With over 4.4 miles of pristine and unspoiled beaches, fresh water lagoons, coral reef formations and mangrove forests fronting Manatee Bay, this property offers the idyllic natural tropical paradise setting for a sustainable master planned luxury resort. Better than a private island, the Manatee Peninsula provides the intimacy, serenity and privacy of an island, but with land accessibility within ninety minutes of two international airports: Santiago and Puerto Plata.
The Manatee Peninsula is located in the heart of the Caribbean on the Northwest coast of the Dominican Republic, in an area of outstanding natural beauty, embraced on one side by the unspoiled beaches of the Atlantic Ocean and on the other by Manatee Bay, an expansive lagoon lined with mangrove forests, marine life and exotic birds that define the diverse interior of the region.This historic peninsula was first discovered by Christopher Columbus on his second trip to the New World in 1493, leading to the development of “La Isabela”, known as the first European settlement in the New World, and now a National Park next to this property.
According to Alex Garcia, Principal of AG Real Estate Services, Inc, “When seeking new sites, eco resort developers typically look for several factors that can balance sustainability and business: cost of land, natural habitat conditions, cultural diversity of area, travel accessibility, tourist destination value and local governmental cooperation. Manatee Peninsula offers the best of all worlds:
· Inexpensive land cost at less than $1/square foot, or $10/m2; at 50% of recent appraised value
· Idyllic natural tropical paradise setting
· Conveniently accessible between two international airports
· Already the top tourist destination in the Caribbean
· Historic importance of area as site of “La Isabela”, first European settlement in the Americas
· Development friendly government platform”
Asking Price: $22,000,000 ( euro price is approx, property is listed in us $)
Land Area: 355 acres, 15.5 Million SF, 1.4 Million m2
Ocean Frontage: 4.4 Miles, 7.1 KM
Property Type: Development Land – Eco Resort Development Opportunity
Recent Appraised Value: US$30.2 Million