Over The Water Vacation House On Isla Colon

  • $290,000
Colón Island, Panama


The owner just reduce the price on this  over the water home/rental to $290,000. The house was updated last year with appliances, plumbing and varnish/painting!!!

Imagine driving up to your house, docking your boat, your house being surrounded by crystal clear water and then sitting in the small pool with a cold one. This place is paradise at it’s finest for a reduced price of $290,000.00.

You want to  live a permanent vacation right? Getting up in the morning with the view to the sea. Jumping into the water from your private terrace. Watching the fish jumping in front of the house and if you are lucky you can even see dolphins. If you are up for that, then this house might be of interest to you.

This house is 120m2 with 2 bedrooms and 3 baths with showers, a soaking pool, indoor open space for kitchen, living room and a huge amount of outside deck over looking the small pool, mainland mountains and Caribbean. This home  has just been refurbished including the following items.

  • New appliances: LG fridge, cook top, oven, hood, water heater
  • New faucets, fans and mirrors
  • Sanded and varnished all wooden floors
  • Sanded and varnished windows, doors, frames and some furniture
  • Painted ceiling and walls
  • Painted pool
  • Replaced wooden planks at terrace and pier
  • Sanded and oiled terrace, balconies and pier
  • Added more soil to the back of the property and planted some shrubs
  • Many other small improvements

The house is on a water concession lot of 585m2  and is situated 30 meters from land  by a dock that takes you to the bodega and 3-1250 gallon water holding tanks. The house is built over water on concrete/PVC pilings.

The water around the house is crystal clear with corals in the back. In front of the terrace, the water is about 8 ft deep—great for jumping from the terrace into the water right after breakfast. Or enjoy the amazing light of bioluminescence when swimming at nighttime.

The house is powered by a high-quality solar system. Three large rainwater catchment tanks ensure you’ll never run out of water. All of this equipment, along with a septic tank, is in the backyard out of your view. A 20 m² shed contains the solar system equipment, water pump, batteries, and more storage space.

A boathouse at the back protects your boat from sun and rain. A pier connects the main house with the boathouse.  At the back there is a lagoon and jungle. You will need a boat as the property is only accessible by boat.

The property is (ROP) Rights of Possession with solid ownership history. ROP is very common in Panama, AND there are no property taxes.

There are also neighbors around who can look after the house in case you leave it empty for an extended time.

The property has about 6300 square feet, but as the backyard is not used as recreational space it does not matter really that it is rather small.

If you are interested in renting the house to tourists, you can generate a solid revenue stream. Tourism in Bocas is growing each year, and a house like this can be rented for 150-350 USD / day depending on the season.

Contact us for a viewing of this very unique vacation house recently reduce to $290,000.00



Updated on December 28, 2022 at 6:13 pm
  • Property ID: HZCO690
  • Price: $290,000
  • Property Size: 585 m2
  • Bedrooms: 2
  • Bathrooms: 3
  • Property Type: Business, Homes, Income Property, Over the Water, Residential, ROP
  • Property Status: ROP, Sold
  • Address Colón Island, Panama
  • City Bocas del Toro
  • Area Isla Colon
  • Country Panama

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Buena Vista Realty
  • Buena Vista Realty