Ken, take my word for it he doesn't have any idea about real estate prices in Sosua.
I have seen real estate prices way cheaper than that. I saw a 1/4 acre lot in a gated community in Cabarete for 12k.
Here are a few listings:
Project ID: G-185
Place: Cabarete
Lot
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Lot Price per acre Price Total
0.14 acres
570.00 m? 50,663.38 USD
12.52 USD per m? 7,136.00 USD
Project ID: G-248a Special!
Place: Sos?a
Lots
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Lot Price per acre Price Total
0.19 acres
750.00 m? 51,799.33 USD
12.80 USD per m? 9,600.00 USD
Project ID: G-135
Place: Above Sos?a
Lots with ocean view
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Lot Price per acre Price Total
0.20 acres
810.00 m? 72,842.81 USD
18.00 USD per m? 14,580.00 USD
Project ID: G-122
Place: El Choco/Sosua
Lot - about 5km to the beach, ocean view
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Lot Price per acre Price Total
0.49 acres
2,000.00 m? 30,351.17 USD
7.50 USD per m? 15,000.00 USD
Project ID: G-246
Place: Sos?a
Lots in new residential area
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Lot Price per acre Price Total
0.22 acres
886.00 m? 68,795.99 USD
17.00 USD per m? 15,062.00 USD
Project ID: G-248
Place: Sos?a
Lots with 18 months financing and 20% down-payment
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Lot Price per acre Price Total
0.19 acres
750.00 m? 84,983.28 USD
21.00 USD per m? 15,750.00 USD
Project ID: G-258 NEW
Place: Cabarete
Lots in Golf and Beach Resort
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Lot Price per acre Price Total
0.25 acres
1,000.00 m? 70,819.40 USD
17.50 USD per m? valid only till: 31.Dec.2003
(17,500.00 USD)
12,000.00 USD
Project ID: G-262
Place: Between Puerto Plata and Sosua
Lot with Ocean View
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Lot Price per acre Price Total
0.49 acres
2,000.00 m? 40,468.23 USD
10.00 USD per m? 20,000.00 USD
Project ID: G-166
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So who is crazy?