A Rare Canvas Above the Sea: Ocean-View Multifamily Property in Costambar

Why Start From Zero When You Can Begin With Possibility?

Building from the ground up can sound exciting—until the permits, approvals, architectural decisions, contractor coordination, and construction delays begin. What was intended to be an investment can remain unfinished for months or even years.

Renovation offers a different path.

It allows you to begin with the elements that are often the hardest to secure: the land, the structure, the location, and—in this case—the ocean view.

Set on an elevated street in Costambar, where available lots are becoming increasingly difficult to find, this multifamily property presents a rare opportunity to transform an existing structure into something entirely your own.

The property occupies a 611-square-meter lot and offers approximately 350 square meters of construction, including a two-bedroom main residence, two independent apartments, a private swimming pool, and solar panels.

It is not a finished product.

It is the beginning of a vision.

A Main Residence Positioned Toward the Sea

The primary home features two bedrooms, two and a half bathrooms, a service room, and a living area positioned to capture the ocean views and refreshing coastal breeze.

Its elevated setting gives the home a feeling of openness and connection to the landscape. With thoughtful renovations, the interiors could be redesigned to create brighter spaces, larger windows, and a more contemporary relationship between the home and the sea.

Outside, a terrace leads to the private swimming pool—an area with the potential to become the heart of the property.

Imagine quiet mornings with coffee overlooking the ocean, relaxed afternoons by the pool, and evening dinners outdoors as the coastal breeze moves through the terrace. A small backyard provides additional outdoor space without demanding extensive maintenance.

And Then There Are Two More Possibilities

Beyond the main residence, the property includes two independent one-bedroom apartments arranged across the first and second levels.

Each apartment measures approximately 60 square meters and enjoys an even more privileged ocean view. Because these units do not share the main residence’s pool, they can operate separately while preserving the privacy of the primary home.

This creates several possibilities:

• Vacation or long-term rentals

• Private accommodations for visiting friends or relatives

• Independent suites for an extended family

• Seasonal residences

• A combination of personal use and rental income

For the right buyer, this could become more than a home. It could be a private coastal residence supported by two income-producing units—or a place where several generations of a family can stay close without sacrificing independence.

An Honest Opportunity to Transform

We will not tell you that the property is move-in ready or that it only needs a fresh coat of paint.

The existing structure is in generally good condition, but the design and finishes are dated. Reaching its full potential would require a meaningful renovation, including a redesigned façade, new windows, updated interiors, and refreshed exterior spaces.

That is precisely where the opportunity lies.

A buyer is not limited by someone else’s recent renovation choices. The property can be redesigned around a new vision: contemporary coastal architecture, expanded glass openings, updated kitchens and bathrooms, refreshed apartments, and an entertainment area built around the pool and ocean view.

Solar panels provide an additional practical advantage for the operation of a property composed of three separate residences.

Life Beyond the Property: Discover Costambar

Costambar is an established gated residential community on the Puerto Plata coast, known for its relaxed atmosphere, international residents, beach access, and convenient lifestyle.

Here, everyday life can include:

• Morning or sunset walks along Costambar Beach

• Swimming, relaxing, and dining beside the sea

• Playing golf at Los Mangos Golf & Beach Club

• Enjoying food and drinks at the Los Mangos restaurant and bar

• Fresh seafood and cocktails by the ocean at El Carey

• Visiting the neighborhood’s casual restaurants, cafés, and local gathering places

• Spending the day at nearby Ocean World in Cofresí

• Exploring Puerto Plata’s Malecón and Historic Center

• Visiting Fortaleza San Felipe and the surrounding waterfront

• Dining, shopping, and enjoying the atmosphere around Taino Bay

• Discovering the beaches, mountains, waterfalls, and outdoor experiences of Puerto Plata’s North Coast

Costambar offers a residential environment close to the sea without separating its residents from the services and attractions of Puerto Plata. It appeals to people searching for a full-time residence, a seasonal escape, a retirement destination, or a property that can accommodate both personal use and rental activity.

The Value Is in What Already Exists—and What It Could Become

This is not a conventional turnkey home.

It is an opportunity for a buyer who understands the value of acquiring the right foundation: elevated land, approximately 350 square meters of existing construction, three independent living spaces, a private pool, solar panels, and ocean views in an established coastal community.

After renovation, the property could become a modern private residence, a retreat for an extended family, or a distinctive multifamily investment with two independent rental units.

Properties combining this amount of land, an elevated position, ocean views, a private pool, and multiple residences do not appear in Costambar every day.

The structure is already here.

The views are already here.

Now, it needs someone with the vision to transform it.

Can you imagine what this property could become?

Contact Dominican Coast for pricing, further information, or to schedule a private showing. We will show you the property exactly as it stands today, discuss its possibilities honestly, and help you determine whether it is the right foundation for your coastal vision.