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From Tourist Destination to Luxury Real Estate
Well known for its many beach resorts, casinos, adventure travel and other great area attractions…Punta Cana has quickly become the number one Caribbean destination. A stable government and economy driven primarily by tourism and commerce, growing infrastructure, and support by many top names such as Donald Trump and major American and International hotel chains, have provided a safe place to make an investment and contributed to a real estate boom in just a few years.
Punta Cana has gone from tourist destination to luxury real estate.
Punta Cana
Oscar de la Renta, Julio Iglesias, Mikhail Baryshnikov, are some of the many people who have made this their home. Miles of white sandy beaches, oceanfront golf courses by Tom Fazio and P.B. Dye, a six senses Spa, 5 stars hotels and restaurants, and the Puntacana Ecological Fondation make this exclusive community the perfect retreat.
The Punta Cana Name
According to marine route maps from the period, the property acquired by GRUPO PUNTACANA in 1969 on the southern coast of the country was named Punta Borrachón (“Drunken Point”).
Sir Frank Rainieri understood immediately that this name was not attractive for either tourism or commercial purposes. For that reason he decided to use Punta Cana, the name of a nearby area ocated farther south of the property to name the first hotel constructed called the PuntaCana Club.
With the opening of the Punta Cana International Airport, tourists who came to the area thought they had arrived to Punta Cana. What they did not take into account was that upon arrival they were transported to hotels located in the Bavaro, Macao, Arena Gorda, El Cortecito, Cabeza de oro and Uvero Alto areas. That is why today many hotels usethe name Punta Cana along with their brands although not been geographically located in Punta Cana. Having been identified with thename for over 35 years, the Board of Directors of GRUPO PUNTACANA, pioneers in the destination development and tourism, decided to differentiate itself by converting the brand name PUNTACANA into a sole capitalized written word in late 2004.
Punta Cana Resort & Club
Located in Punta Cana, a complex so exclusive that Oscar de la Renta and Julio Iglesias
have chosen to build their vacation homes here, it houses several projects –including a beach club designed by Oscar de la Renta. Home to exclusive Tortuga Bay hotel, Marina and Golf Course designed by PB Dye, another by Tom Fazio– and a third in construction. Owner benefits include VIP services such as private airport pick up, customs clearance, member lounge and private landing strip for personal jets.
CORALES
Within PUNTACANA Resort & Club a community is being grown – nurtured by true Dominican hospitality. A private refuge where neighbors know neighbors and children will develop lifelong bonds. Oscar de la Renta, Julio Iglesias and Mikhail Baryshnikov have chosen to build their vacation homes here because this is no mere vacation home. This is Corales.
Corales will host one of the top golf courses in the world, designed by the renowned architect Tom Fazio. This exclusive course boasts seven seaside holes with an eighteenth hole that is as impressive as it is challenging. Only 126 home sites will exist within Corales. Some include breathtaking views of the course. Others are nestled in a palm forest, just steps from the new Corales Clubhouse.
MARINA
Lots, homes and condominiums have been developed within the beautiful Marina residential
area. At this time everything has been sold and about 150 people already reside here. Our full-service marina is located on the southern end of the Resort and features two docks with mooring for 43 vessels up to 70 feet in length. An eight-foot deep access channel is protected by a water break.
ARRECIFE
In the Arrecife neighborhood (the back nine of the "La Cana" Golf Course) home sites range from one third of an acre to over one and a half acres in size. Sites consist of golf views, partial golf and ocean views and spectacular views across the beautiful 18th hole leading directly to the ocean. All lots are near "La Cana" Golf Clubhouse, which offers pool, beach and restaurant services.
Lot prices range from US $550,000 to over $2 million however there are very few left at this time.
TORTUGA
Home sites in the Tortuga neighborhood (the front nine of the "La Cana" Golf Course) range in size from a quarter of an acre to nearly an acre. This residential development is located within the PUNTACANA RESORT & CLUB gated community.
Views vary from ocean to "La Cana" Golf Course to our spectacular Club House. Over one hundred homes have been built or are currently under construction at La Tortuga Residential Area.
Villa prices range from US $650,000 and up.
The New Golf Mecca of the Caribbean
Punta Cana was rated the Caribbean's Top Golf Destination in 2006 – 2007, by Lihn’s Golf Guide.More than 10 new courses will open their greens to golf “aficionados” over the next 2 years:courses with renowned designers like Nicklaus, Price, Faldo, Dye, Gancedo, Fazio and Montgomerie just to name a few.
The quality of the designs, the beauty of the courses, the astonishing natural settings and all the services and advantages offered in these gated communities make the golf courses of Punta Cana a privileged place to live.
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Many more gollf courses are due to open by 2009. | |