For Sale

$325,000us

Move-in-ready, Open-Concept Bungalow in Bocas

Price reduced

Property Description

Would you like to live on a permanent vacation? Getting up in the morning and jump into the clear Caribbean water from your private terrace. Watching the dolphins and fish jumping in front of the house. If you are up for this lifestyle, then get your private over-the-water Bungalow, sit back and relax.

The Bungalow is built over water on concrete stilts. It offers a large open living room with a kitchen, two bedrooms, three bathrooms, a cabinet for the washer and storage. There is excellent internet connectivity and mobile phone coverage.

The water around the house is crystal clear, with corals in the back. The depth of the water in front of the terrace is about 8 ft. Jump from the deck into this blue/green warm Caribbean water. At nighttime, enjoy the fantastic light of bioluminescence when swimming.

The Bungalow is sustainable, off-grid. It is powered by a new high-quality solar system. You’ll never run out of water with its three large rainwater catchment tanks. The septic tank, along with the solar and water system, is in the backyard out of your view inside a 20 m² shed with more storage space.

A roof at the back of the dock protects your boat from sun and rain. A pier connects the main house with the dock and the shed. On the land, there is a laguna and lush jungle.

Refurbishment:
The house was refurbished in December 2020/January 2021, and most appliances have been renewed. Here is a list of what has been done:
- New appliances: LG fridge, cooktop, oven, hood, water heater
- New faucets, fans, and mirrors
- Sanded and varnished all wooden floors
- Sanded and varnished windows, doors, frames, and some types of furniture
- Painted ceiling and walls
- Painted pool
- Replaced wooden planks at terrace and pier
- Sanded and oiled terrace, balconies, and pier

The property is ROP (right of possession) with solid ownership history. ROP ownership is widespread in Panama, especially for constructions built over the water. A water concession is in place, reinforcing the ownership of the whole property (land + water). Neighbors can look after the property in case you leave for an extended time.

The land has about 585 square meters, and the water concession has 1,880 square meters, which add up to 2,465 square meters (.6 acre). The backyard is not used as a recreational space as the house is constructed over the water within the water concession boundaries and becomes the principal enjoying place. No land maintenance is necessary.

Tourism in Bocas is growing each year. You can generate a solid revenue stream if you are interested in renting the house to tourists. A familial luxury bungalow like this can be rented for $150.00us to $350us/day, depending on the season.

This is a perfect property for retired people looking to relocate to a stable country with a stable US dollar. Easy access one-story house. Almost maintenance-free. Just enjoy your “vacation”. Add this one to your visit list.

Property ID: 

R902

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Property Details

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

R902

Bungalow

Residential/Commercial

Over the water

Bocas Bay

Right of Possession

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

6,460ft2 (600m2)

1,292 sq ft. (120 m2)

1

2

3

2012

Features:

✓Built To American Standard

✓Refurbishment January 2021

✓Solar/Water system inst.

✓Income Producing Poss.

✓Starfish Beach close by

✓Very secure location

✓Great snorkeling/Diving spots

✓ Alarm/Security System

Property Location

Colon Island, close to Bocas Town

Video of the Property: