A Rare Titled Beachfront Parcel Only 5 minutes from Downtown Puerto! ID#032316
$299,900 NOW $249,000 and includes Panama Residency option!
***Ask me about getting residency with this property purchase! CONTACT: Debbie@visitPuertoArmuelles.com
Over one acre of Titled property with 280 feet of beach frontage. Perfect for a gentleman’s estate or an investor could subdivide the property into 5 lots with 56 feet of gorgeous beach frontage each.
One of the best investments for appreciation on real property in the country of Panama is in the farthest west and second most developed Province of Chiriqui. Things are really exploding here as “smart money” is pouring millions and millions of dollars into this part of the country through private investors and the Panamanian Government.
Puerto Armuelles, “Puerto” as the locals refer to it, offers an evolving opportunity for those who seek outstanding accessibility in a beachfront setting. Puerto has around 22,000 people; and is about 55 miles from Panama’s third largest international airport located in David (the second largest city in Panama). Puerto has all of the amenities one needs, including banks, shopping, restaurants, and a hospital.
The El Provenir neighborhood, just north of Puerto Armuelles, offers some of the most beautiful beaches in the area. Investors have purchased most of the beachfront property; leaving very little property currently available for sale. Over 90% of beachfront property is R.O.P. (Right of Possession), so TITLED property is a major plus!
All roads leading to this beachfront area are immaculate and smooth. Real Estate is appreciating fast as people see the value in beachfront property with the infrastructure of a small city. The lot is able to be subdivided into 5 parcels, with each one having 56 feet of beach frontage. There are currently 2 Panamanian concrete homes on site with water and electricity. These houses could be used for a caretaker house and a place to live as you develop the property.
***I have a buyer interested in half of this parcel, if they find a buyer who wants the other half. ONLY $125,000 EACH.
Be a part of the exciting growth in this part of town!
Land with 2 small homes
Size of Lot: 4,474.26 square meters (49,245 sq.ft. Over one full acre.)
Location: El Porvenir
Features: 280 meters of Beachfront, close to downtown, views of Banana Pier, investment potential, negotiable, can be subdivided into 5 individual lots, flat & build-able, electricity & water to property.
Property ID# 032316
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