Terra Serena is an urban condominium project of 108 units developed by MassMagna DR, the Dominican subsidiary of Canadian developer MassMagna (Montreal), in partnership with local builder Nexo Habitat. Spread across 7 four-storey buildings with rooftops on a 15,000 m² site, the project offers five 1-bedroom + den layouts with 2 bathrooms, from roughly 74 to 135 m², including penthouses with a private terrace, picuzzi and BBQ corner. Residents enjoy two pools of over 150 m², a gym, a social club, a kids playground, a pet zone and 133 parking spaces, all with 24/7 video surveillance and security. Located in the Verón-Bávaro sector, 8 minutes from downtown Punta Cana, 5 minutes from supermarkets and 15 minutes from the public beaches. Prices from USD 120,000.
Location
Dominican Republic
Type
Price
Features
- 1 bedroom + den
- 2 pools
- Gym
- Social club
- Kids playground
- Pet zone
- Extensive green spaces
- Spacious terraces
- Parking
- 24/7 security
- Near Downtown Punta Cana
Gallery
The neighbourhood
Terra Serena is located in the Verón-Bávaro sector of Punta Cana, Dominican Republic, a residential area that follows the rhythm of the city rather than the resort. Downtown, supermarkets and everyday services are a short drive away, and the public beaches are close by.
On site, residents have two pools, a gym, a social club, a playground and a pet zone, all under 24/7 surveillance. Spacious terraces and rooftops extend living space outdoors, a real advantage in the Caribbean climate.
Rental potential
Being close to downtown and shops can appeal to holidaymakers, extended-stay guests and long-term tenants alike. The den, designed as a home office, suits remote workers, and the family-friendly amenities widen the potential market.
Returns depend on the unit, your strategy (short or long term), the condo rules and how the property is managed. Income varies and is not a promise: Horizon31 prepares a personalised projection during your call.
CONFOTUR tax benefits
CONFOTUR (Consejo de Fomento Turístico) administers Law 158-01 on tourism development in the Dominican Republic. In a certified project, buyers get two main benefits: an exemption from the 3% property transfer tax at purchase and from the annual property tax (IPI) for up to 15 years.
These exemptions are time-limited and tied to the certification date. For Terra Serena, Horizon31 checks eligibility and the remaining duration with the developer before you commit. An independent local lawyer or tax advisor can then confirm how they apply to you.
Buying steps
Discovery call
A Horizon31 advisor reviews how you plan to use the condo and your investment goals.
Choosing a layout
You compare the five 1-bedroom + den layouts, including the penthouses with a private terrace, on a virtual or on-site visit.
Reservation
A deposit paid to the developer holds your chosen unit.
Legal review
An independent local lawyer reviews the purchase contract before signing, which can be done remotely.
Payment schedule
Payments follow the developer's schedule, during construction when applicable.
Delivery and title
The unit is inspected, the transfer is registered and the certificate of title is issued in your name. Rental management can follow if the condo rules allow it.
Terra Serena: frequently asked questions
Who is developing Terra Serena?
The project is developed by MassMagna DR, the Dominican subsidiary of Montréal-based developer MassMagna, in partnership with local builder Nexo Habitat. Horizon31 remains your point of contact from choosing a unit all the way to delivery.
What is the den for?
The den is a flexible extra room that can serve as a home office, a reading nook or space for guests. Every layout also has two bathrooms, which adds flexibility for a couple, a small family or tenants.
Can I rent out my condo short term?
That depends on Terra Serena's condo rules. Horizon31 checks them with the developer before you reserve, so that your rental strategy, whether short or long term, is fully compatible with the project.
What costs should I plan for besides the price?
Budget for legal fees, condo fees covering the pools, gym, security and upkeep of common areas, taxes depending on the project's CONFOTUR status, insurance and, if you rent, management fees.
