Panamanian Style home with Large Lot on Main Road ID #121615
$40,000
Panamanian-style house in the up and coming beach community of Palmar Sur, across from Coronado, in Puerto Armuelles, Panama. Where over a dozen expats are already remodeling these homes into international-style dwellings. You won’t find beach community prices like this anywhere else!
The beach barrios of Corezon de Jesus, Coronado, and Cucuy are quickly becoming the hot spot for expats looking for laid back beach-side living at an affordable price. The paved main road that separates the beach communities from Palmar Sur is where this home is located. Everyone heading to the beach communities passes by here. Location – location – location! Only about a 15 minute drive from downtown Puerto Armuelles with all the amenities, including banking, a hospital, shopping and restaurants. Palmar Sur itself has a couple of popular restaurants, convenience stores, and a medium sized grocery store.
This is a Panamanian-style home with 3 bedrooms and 1 bathroom. The special features include being on an over-sized lot and bordering a cebrada so there is a lot of room for expansion and privacy in the back of the property. Most of the lots in this area are about 400 square meters, where this property boasts about 2500 square meters! Over 4 times the size of average lots in Palmar Sur. There is a covered patio on the side of the house and in the backyard. Mature fruit trees are growing throughout the yard, which is completely fenced.
It would not be hard to upgrade or expand on the home and the possibilities with the lot are endless. Do you want to raise livestock, have a workshop on site, build an additional home? There is plenty of room for your dreams here!
This area is quietly experiencing a transition from tiny rural Panamanian homes to upscale international beach-side community homes. Re-sale prices on these new homes is $75,000 to over $100,000 each! Pick up a home in the area for $25-35,000, put about $20,000 into remodeling, and re-sell for a nice return. Smart investors are starting to snap up these properties while the prices are so low – it won’t last much longer. This home would be a great remodel project, rental, or business venture.
Residential Home
R.O.P.
Bedrooms: 3
Bathrooms: 1
Size of home: About 600 sf
Size of Lot: About 2500 square meters
Construction: Block with metal roof
Features: Over-sized Lot, three blocks from beach
Location: Palmar Sur, Puerto Armuelles
$40,000
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Property ID# 121615
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