El Catey Development Land – $13,000,000 – Las Terrenas
The topography of the El Catey Development Land is generally flat and rises gently up from the oceanside of the property to the Boulevard Turistíco del Atlántico which is also referred to as Highway 133. The property is conveniently located just east of the El Catey Samaná International Airport and approximately 15 minutes west of the city of Las Terrenas.
Highest & Best Use – This site has the potential for many commercial or residential uses. The area is highly conducive for a golf course or exclusive residential gated community. The extensive beach front of this area with long stretches of sandy beach is well suited for an all-inclusive type hotel; boutique hotel surrounded by cabana-type private villas, or a multitude of multi-family concepts. The location near an international airport makes it well-suited for international visitors.
The El Catey Samana International Airport provides non-stop service from both Canada and Europe. With an increase in hotel-room availability in the very near future, it is anticipated that there will non-stop service from the United States which will enhance international arrivals.
The location of the El Catey Development Land is unique in that the Capital City of Santo Domingo and its Las Americas International Airport is approximately 2 hours away on modern, state-of-the-art highways. The road east to Las Terrenas has breath-taking views of the mountains and Atlantic Ocean. Although the subject land has prime ocean frontage with sandy beaches, the eastern tip of the Samaná Peninsula also has world-famous beaches. These include Playa Moron; El Valle; Playa Rincon; and Playa Grande in Las Galeras. The Bay of Samaná which lies between the peninsula and the mainland of the Dominican Republic is great for fishing and all types of boating, and is also world famous for whale watching. The south side of the Samaná Bay is also famous for the Los Haitises National Park that was established in 1976.
Because of its location on the north east coast of the Dominican Republic, it is our opinion that many will consider this area as part of the Punta Cana tourism sector. There is a new modern highway heading north from Punta Cana, through Bavaro and past Miches all the way to Sabana de la Mar on the south side of the Samaná Bay. From there, it’s only a short boat ride away to the Samaná Peninsula.