Fractional ownership of property in the Caribbean is the most popular method of owning your piece of Paradise – from Aruba to the Mayan Riviera in Mexico. A new fractional opportunity in the Dominican Republic has just been announced.
One of the most beautiful and exclusive privately owned luxury villas in the Dominican Republic is now offering the opportunity to purchase a 1/10th share of Villa Castellamonte, which allows them five weeks of enjoyment in the DR. You know I am a fan of fractional ownership. It is a way for people to enjoy their slice of Paradise without having to fully own the property. There are some “potholes” to avoid with developments that are promoting that they have fractional ownership opportunities, when, in fact, it is not true. So, it is a “Buyer Beware” for people investigating a fractional ownership anywhere in the world.
Villa Castellamonte is one of the DR’s top 5-star luxury villas. The private villa has 15,000 square feet of living space, with eight bedrooms and ten full baths. It has a complete staff as part of the package and is located on the North coast of the Dominican Republic at the Playa Grande – Cabrera area. You may remember seeing this villa featured on MSNBC’s “On the Money”. It was even named a “Top Ten Villa” in the Caribbean, and mentioned by Fodor as a must-stay if you are visiting the DR.
The Playa Grande – Cabrera area is about 70 miles east of Puerto Plata, and is now extremely popular for two reasons: 1) It’s gorgeous white powder-sand beach and the incredible Robert Trent Jones – designed 18 hole golf course. Playa Grande Beach was rated as “…one of the Top Ten most beautiful beaches in the world” by Condé Nast travel magazine. Along with the mash potato powder-like sand, the beach is lined with coconut palms and bordered by the rugged coral cliffs. You know I love to surf and this area of the DR is noted for it’s big waves. As you have discovered from my past articles about the Dominican Republic, it is not just a place that makes world class cigars, it is a world class destination.
Villa Castellamonte is privately owned by Mr. Jason Matthews and he will keep a 20% ownership in it. “For me, the rationale to fractionalize Villa Castellamonte made sense because although my ownership will be less, so too will be my expenses. And, fractional ownership programs are found throughout the world, allowing investors to own and enjoy a property of a much higher value than they could typically afford individually,” Financing any second or third home in the world is a real challenge today, given world economic climate. So, Mr. Matthews has agreed to personally provide financing for qualified investors who would like to purchase a fractional ownership in his breathtaking villa.
If you would like more information about how to be one of the very special owners of Villa Castellamonte, contact me anytime and I will send you information. Until next time…your Caribbean lifestyle detective remains on duty.