Dorado Beach Real Estate Heats Up as Expansion Continues & New Tax Incentives Become Law
More sun-drenched days are in store as the Summer wanes and the beginning of the Fall glimmers on the horizon at Dorado Beach Resort & Club. And there has never been a better time to become a resident of the private resort community. Updated reports show brisk sales across all Dorado Beach’s exclusive offerings, reinforcing the need for expansion. And recent legislation bolstering tax benefits for those relocating to Puerto Rico has certainly sweetened the deal .
Only four properties remain in Dorado Beach’s Plantation Village, and Dorado Beach East Residences has only three homes left, making Dorado Beach Resort & Club homes a rare find. The last phase of construction on the The Legacy at Dorado Beach East community includes only 9 estates. Taking cues from the varied and vibrant styles found throughout the private resort community, The Legacy is planned to be the final jewel in the crown of Dorado Beach Resort & Club.
Along with residential expansions, Dorado Beach celebrates the new Puerto Rico Oversight Management and Economic Stability Act, or PROMESA.
“On June 30th, President Obama signed into law PROMESA, a bipartisan bill establishing a financial oversight board that will institute the necessary reforms so Puerto Rico can begin to turn its economy around and get on the path to fiscal health. This brings to an end the uncertainty that may have been affecting business and investment decisions,” says Jaime Morgan, Managing Director of Dorado Beach. “Puerto Rico and especially Dorado Beach continue to be vibrant places to live and play. Come down and let us show you why we like to say that we are in the business of providing happiness. Dorado Beach is a world all to its own.”
With PROMESA now in place, the local government has created an aggressive economic and tax incentives program with the purpose of helping operations on Puerto Rico become more profitable to those individuals and companies who establish themselves here, according to the Department of Economic Development & Commerce of Puerto Rico.
Dorado Beach Resort & Club’s idyllic shores embraced by crystal clear waters and azure skies complement some of the most gorgeous natural and architectural features in the world. With the water-sport mecca of East Beach and peaceful West Beach, fun attractions like the Watermill Aquatic Park, luxurious amenities like the Ritz-Carlton Spa Botanico and 3 championship Golf Courses, Dorado Beach Resort remains the premier destination for living the ultimate Caribbean lifestyle.