Casa Linda Residential Gated Community
“Caribbean Gold Coast Award 2018” for Tourism & Investment in the Dominican Republic.
“Caribbean Gold Coast Award 2016 for the Best in Touristic Villas”
“Caribbean Gold Coast Award 2014 for outstanding Residential and Vacation Project of the North Coast of the Dominican Republic”
Welcome to Casa Linda Residential! Set back from the ocean between the popular beach destinations of Cabarete and Sosua, Casa Linda seamlessly blends North American comforts and Caribbean lifestyle.
Known as one of the safest and most secure gated communities on the north coast of the Dominican Republic, Casa Linda is one of the most successful real estate projects on the island.
Casa Linda is a community of Canadians, Americans, and Europeans. Friendly and welcoming, we grow each year.
The first six phases of Casa Linda saw 150 villas built and sold. Phase 7, 8, and 9 will offer 220 homes with limited ocean view and private ravine lots. Over half the lots have already been sold, which speaks volumes to the popularity of these vacation homes for sale in the Dominican Republic.
Guaranteed Return on Investment in Dominican Republic Real Estate
With tourist demand growing, the Dominican Republic has the largest tourism sector in the Caribbean.
“The Dominican Republic’s burgeoning tourism economy is not reliant on one market. The DR attracts travelers from North America, Europe, and South America, with direct flights from all three continents” (Source: Live&Invest)
Property investment in the Dominican Public is a sure thing when you buy at Casa Linda. The average price increase for real estate on the north coast is around 5% per year and because this area has become so popular with tourists, we are now able to guarantee a net rental income of 6-10% of the purchase price a year for the first two years.
Casa Linda offers a complete rental and villa management: worry free villa maintenance, security, rental, bookings, and care. Lock up and leave!
We Make It Easy to Own Your Dream Vacation Home
At Casa Linda, we believe that buying your Caribbean home should be easy, so we offer home buyers the complete package: land, house, pool, service buildings, car park space, and a landscaped yard.
There are 10 unique models to choose from, or get a custom-designed home for no extra charge. Casa Linda offers full architectural services. Pick your model and your lot and we’ll do the rest.
Villa Buying Options:
- Rental Guarantee Program
- Family & Friends (Fractional Ownership)
- Purchase Outright
Developer and Mortgage Financing
Casa Linda works with several local banks and an international private lender. Below is a basic breakdown of terms and conditions. These vary with each buyer’s personal circumstances and qualifying conditions.
Down payment: 30-40%
Amortization: 10-20 years
Rates: up to 7%
Coming soon – Casa Linda is also working with private lenders to provide no questions asked developer financing with 30% down payment at 5% to 6% interest.
For new purchases with Casa Linda, Scotiabank now offers a program for Canadian, American, and UK clients where they pay only 30% down, up to a 25 year term, and now a fixed interest rate for 5 years of only 5.95% in US dollars. This is the lowest (bank) mortgage interest rate ever seen in this country.
Secondly, the DR nationals or foreigners with cedula/residency (not plan regularizacion de extranjeros), there is a program with only 10% down, 25 years term, 9.95% interest in RD dollars (peso).
All of Casa Linda’s titles in phases 7, 8, and 9 are in place and have deslinde (demarcation).
Using Rental Program to Help Pay the Mortgage:
This is a special program implemented by Casa Linda to assist buyers with the costs of purchasing their villa. Casa Linda has a robust rental program with high occupancy rates. Income earned from your villa will be used to pay monthly mortgage costs as well as monthly expenses for the villa. You will have use of your villa as outlined above, and can certainly rent it back from Casa Linda should you want more time.
- Not needing as much cash upfront – ability to purchase sooner
- Less exposure to fluctuating exchange rates: USD/CAD and/or other currencies
- Re-payment from rental profit only. No extra out of pocket expenses each month to support a second home.
- No specific credit rating or income qualifying requirement
- No hassle dealing with out-of-country banks
Standard Purchase Payment Plan
Like many projects in North America and Europe, Casa Linda constructs based on payments made at certain stages of construction. Although payment terms are based on client needs, the following is the general outline:
- 35% of purchase price to begin construction (this amount is less $15,000 or $25,000 USD if a lot reservation was done previously)
- 30% of purchase price 3 to 4 weeks after start of construction (dependent upon construction schedule)
- 25% of purchase price 7 to 8 weeks after start of construction (dependent upon construction schedule)
- 10% percent upon taking possession of the villa.
Buying property in the gated community of Casa Linda is the perfect opportunity to own your Caribbean vacation home. With its successful rental program, close proximity to beaches, restaurants, and shopping in the Sosua and Cabarete towns, plus complimentary shuttle service, makes Casa Linda Residencial very desirable and affordable to North Americans and Europeans alike.