For Sale

$269,000us

Move-in-ready, 2 story House with huge Oceanfront

Financing

Property Description

The Caribbean lifestyle is like…a permanent vacation. Get up in the morning and jump into the clear Caribbean water from your private terrace. Swim/snorkel to coral reefs surrounding the house. Watch dolphins and fish jumping in front of your eyes and be in love with majestic Caribbean sunsets. There are even hundreds of fish that make their home under the house! Enjoy sunbathes on your private small beach. If you are up for this lifestyle, own this piece of Paradise, sit back and relax.

This impressive large waterfront property is located on the west side of Loma Partida, only 3 minutes to the local gas/propane/market/bar/restaurants in Loma Partida Island village. A boat taxi line is now available. They take you to Bocas Town or Chiriqui Grande (for David shoppers) in only 20 minutes for $8us/pers.

This home is in moving-ready condition—Ready for you to move in and start enjoying the beauty of this property and surrounding areas. An internet provider installed a tower on top of the land for the surrounding community. So the property has free internet service. The cellular coverage is available for all your digital equipment. It is a sure winner when choosing a full-time or vacation home here in the Bocas South Community.

The two-story solid-built house is a Panamanian style built over the water. With some cosmetic updates, it could be transformed to be a fantastic home or a tourism cabin for long-term investment. The solid and stable dry land of the property offer potential for segregation and further development. The land topography allows the construction of several additional cabins or large homes without sacrificing privacy or unobstructed views. Also, additional on-the -water structures could be added in front of the property land.

The House measurement is 28 feet long by 24 feet wide (8.5m x 7.3m). On the first floor, you will find an open area kitchen/dining/living room space, including the robust off-grid solar system and the upper-level stair. On the second floor, the main bedroom with a ceiling fan, one utility bedroom, and the bathroom. Both 8 feet wide (2.5m) side balcony are covered Three (3) large covered boat slips are in place and a 42 feet2 (4.8 m2) lockable storage room is connected to the main house. Enjoy a 40 feet long (12m) front dock for boating purposes and another 60 feet long (18m) to get to the land.

The solar system is fully functional. It is a 12volt OutBack inverter/charger, 16 x 6-volt batteries, and 16 Suntech solar panels 285W/each, including a gas Hyundai 3,600 generator backup. The water catchment system is composed of 2 water tanks for a total of 7,700 gal. It is installed under the roof on a concrete platform of 440 feet2 (41 m2), up on the property, taking advantage of the height to supply water by gravity to the house. On the upper levels of the property, there is a small workshop with tools and gardening accessories.

As a bonus, the property comes with a 32 ft yacht. The yacht, the "Island Gypsy", was purchased to be a "floating living quarters" for one or two people. It could be equipped with everything needed to be fully functional (i.e. stove, fridge, bed(s). etc). While not operational as a moving vessel, it certainly can be enhanced for a friendly rental or guest hideaway.

Throughout the property, there is an abundance of mangos, citrus, bananas, plantains, yucca, breadfruit, sugar canes, guaba, guanabana, avocado, pineapples and coconut trees. There is the potential for further plantings and plenty of fertile land for farming or livestock.

The property is “ROP” (Right Of Possession, which means you have the legal right to live on the property) with solid possession ownership history. It includes infrastructure and improvements. ROP ownership is widespread in Panama, especially for constructions built over the water. You will live amongst a friendly local community where several expatriates worldwide speak multiple languages.

FINANCING: (as a second option)
Down payment: 50% of the purchase price at the signing of the Purchase/Sale Agreement.
Balance: Monthly payment based on a 2 to 3 years term with an interest rate of 5% to 6%. Term and interest rates will be adjusted to the buyer's financial capacity.

Features:
✓Financing ✓Acreage ✓Additional construction sites ✓BBQ area ✓Beach front ✓Covered Boat slips ✓Close to beaches ✓Close to schools ✓Close to shops ✓Commercial possibilities ✓Covered terrace ✓Fruit trees ✓Fully landscaped ✓Garden ✓Hardwood floors ✓Long term rental possibility ✓Matures trees ✓Open concept ✓Open Terrace ✓Storage room ✓Washer ✓Wood ceiling ✓Wood construction ✓Wood deck

Services:
Electricity: Off-grid - Solar system includes a gas generator backup
Water: Rain-catching system. Water to the house by gravity
Other: ✓Free Internet ✓Satellite TV available ✓Internet TV available ✓Cellular signal

Inclusion:
✓Move-in-ready ✓All appliances included ✓1 Panasonic Inverter Refrigerator ✓1 freezer. ✓2 Gas stoves (on with 6 burners) ✓Gas oven ✓Washer ✓Solar system ✓Rain collecting system ✓Gas Generator backup system ✓3 Covered Boat slips in place ✓Construction/Maintenance/Gardening Tools ✓Vessel “Island Gypsy”

Don't miss out on this opportunity. Please make your appointment with us for a personalized showing!

Property ID: 

R207

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Property Details

Property ID:
Property Type:
Prop Category:
Property Style:
Property View:
Ownership:

R207

Family Home

Commercial/Residential

Panamanian

Chiriqui Bay

Right of Possession

Land Size:
House Size:
Floors:
Bedrooms:
Bathrooms:
Year built:

Locality:

7.1 acres (2.8Ha)

672 sq feet (62.5m2)x2

2

2

1

2005

Over the water

Main Features:

✓Small Private Beach

✓Fully landscaped

✓Financing

✓Move-in ready

✓Huge waterfront (438f)

✓Corral Reefs in front

✓Commercial possibilities

✓Additional Constructions

Property Location

Loma Partida Island, Bocas South Community

Video of the Property: