Why You'll Love It
HUGE OPPORTUNITY- Seller is open to financing the project. Escape to Paradise at this Bocas Del Toro Panama Resort "La Escapada". Live and work from the beautiful waterfront property. There is an apartment for you to live in plus 4 rooms to rent, plus 4 unfinished rooms and room for more expansion. There is also a large restaurant and common area with a dock and boathouse. The property comes with a legal concession, saving you money. This oceanfront property is on the mainland of Panama between David and Almirante on highway 11. It has both road and oceanfront access, which is rare. You can also reach it by boat from Bocas in about 40 minutes. Almirante is very close for supplies.
The corporation comes with this Bocas Del Toro Panama Resort. It is a Ley 8 Investors corporation with 7 years of property tax exemption left.( saving you a bunch of money) The corporation allows the owners to apply immediately for permanent residency (cedula) and later nationality if desired.
There is approximately 5.3 hectares of titled land, finca 6962. There is a potable water well 265' through solid rock with hydrostatic pressure to 90'...means lots of water in the aquifer. There are two water tanks on the hill coming down to slow down the water pressure to the bottom where the restaurant and rooms are.
Banks will loan money against the project, proof that it is titled and legal.
The present owner can no longer run it so a lot of TLC will go a long way on this opportunity. New lower price so you can fix up to your own specifications. This property is a fixer uppper.
There are four large rooms, tiled baths and floors with screened in porches, hot water, air conditioning, and four rooms half finished. The impact study allows for 12 rooms total and can easily be updated for more development. The rooms are easy to keep rented.
There is an impact study for the concession and survey. All paperwork has been approved and signed but the ten thousand they want to finish it is not paid. No one else can use, apply, build or anything on that concession even without payment once it has been approved, and it is approved.
As long as the corporation is in place, the concession paperwork is good. IF it is changed, you would have to start over with the concession.
The restaurant sits about 34 people but has a couch set in there for guests to read, relax, and hang out.
There is a diesel Catapillar generator for the restaurant and rooms. There 6500 gas generator at the top for pumping water. The small house at the top has a small amount of solar. The caretaker lives there now.
Electric lines will be within 3.2 km by the end of the year and is being completed in both directions of the highway.
We have 25 kinds of food plants, 100 kinds of hardwood and fruit trees planted throughout the property and most are producing at this time. 12 species of plumeria, 13 of hibiscus, many orchids, 130 species of birds have been seen and lots of butterflies including the blue morphos.
Come see this gorgeous waterfront and road access property and see if it is a fit for you.
Anne Michelle will be happy to answer all your questions about this Bocas Del Toro Panama Resort or any other properties available in Bocas Del Toro, Panama.
Where You'll Find It
- Street Address: Mainland Panama, Bocas del Toro
- City: Almirante
- State: Bocas del Toro