Property Description

Ocean Front House on the Caribbean island called "Isla Grande" in the Colon Province (Portobelo area). Beautiful 2.5 bedroom, 3 bathroom, three story home sitting on a 620 m2 lot on the corner of a hill facing the beach and the point where the surfers enjoy riding the waves of the Caribbean ocean. The house faces North - West and has an amazing sunset view.

The first floor of the house has a kitchen, dining room, bathroom and patio with an impressive view of the beach, point, ocean, channel and mainland. The second floor has two bedrooms, a bathroom and a balcony overlooking the ocean. The third floor has a master bedroom, bathroom, and a large terrace with spectacular views of the waves and surfers at the point, you can also see the sailboats in transit between the island and the mainland, about 500 meters away, plus a beautiful view of the mountains in the background.

In Isla Grande the beaches are white sand, and the sea is completely transparent, you can enjoy snorkeling, diving, surfing, walk to the lighthouse to appreciate the tremendous view of the Caribbean sea, or venture through the small village of Isla Grande and discover the little shops, restaurants, beaches and snorkeling spots on the other end of the island. There is a safe and natural swimming area directly in front of the house where there is a coral reef only 75 meters away that protects the land on the island from the waves and currents. Right in front of the property there is a great surf break for experienced surfers. This property has the BEST ocean view of any property on the island, because the house is elevated and perched on the corner of a hill facing the beach and surf on the point to the left side, and the kilometer wide channel where the sail boats pass through between the mainland and the island to the right.

This property is not titled, but the title can be obtained by processing it at the lands authority. The Land Possession Right and the improvements (the house) are being sold. The seller of this property has not titled the property because the legal cost of processing the title is approximately $10,000, and once the title is obtained, then the property would be subject to property taxes at a rate of approximately 1% per year of the registered value. As a Possession Right property, there are no taxes levied on the property. Sale price: $185,000.

Payment can be in USD, cash, euros, gold, bitcoin and payments in Europe, USA or Panama can be accepted. Owner financing is possible for qualified buyers. The interior photos will only be shown to PRE-QUALIFIED BUYERS WHO REALLY ARE IN PANAMA AND HAVE THE PROVEN ECONOMIC SOLVENCY.

Property shown by appointment only.

Agent: Jon Hanna

Cel: + (507) 6672-0089

Email: jon.hanna@kwpanama.com

KW Obarrio

Lic # PN-3135

Property Details

Property ID
1052-5476
Status
For Sale
Sale Price
USD 185,000
Property Type
Apartment
Built Area
200 m2
Lot Size
620 m2
Bedrooms
2.5
Bathrooms
3
Date Published
Feb 18, 2020
Updated
May 26, 2020

Location

Features

  • Balcony
  • Concrete
  • Eat-in Kitchen
  • Gas Stove
  • Partially Furnished
  • Appliances Included
  • Enclosed Shower
  • En-suite Bathroom
  • First owner
  • Accessible by Boat
  • Near Beach
  • By the sea
  • NorthWest
  • Sea

Contact


Mobile
+507 66720089
Phone
+507 3680700
Email
jon.hanna@kwpanama.com