Price Reduced! – 4800 Sq Ft 5 Bedroom at La Perla del Caribe

Villa Coral is the largest of the twelve villas at La Perla del Caribe. The villa has 5 beautiful bedrooms each with its own private bathroom. It also has 2 additional bathrooms on the first and second floor as well as an outdoor shower. The villa is the only one at La Perla to have an in-house enclosed laundry room area and an enclosed garage.

The villa also has four separate screened verandas to enjoy the beautiful landscaping and ocean views. The third floor contains the large master bedroom suite as well as two large patios to enjoy both gorgeous sunrises and sunsets.

Villa Coral was completely remodeled several years ago to include new high-efficiency air conditioners, new fans, and beautiful crown wood molding throughout the three floors. There are also new appliances and furniture.

The villa has never been in the rental pool and has been enjoyed by the owners only several weeks during the year. If placed in the rental pool, the new owners would enjoy a significant return on their investment while still enjoying the villa during their stays. The next closest in size grossed $41K US in Q1 2023. Net is approximately 50% of the gross. This property will NET over $25K US annually after all expenses and HOA are paid.

The home has 5500 square feet of livable space, which includes enclosed verandas (4800 cooled living space. Plus the 4 screen porches and outdoor space on 1st and 3rd floor).

La Perla Del Caribe is a professionally run corporation. The 46-page annual report with financials is available. When you buy this property you are buying shares in the corporation, which means there is no transfer of Title, which means no Stamp tax of 8%, which means you save over $50K US in taxes on the purchase.

Whether you want to take advantage of the seller financing or pay cash, the transfer of this property is quick and easy. It is part of a corporation and you simply purchase the shares and the keys are yours.

Seller financing is available with a minimum of 40% down.

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