Entire Tropical Island Compound— Known as the 5’Oclock Dock- Now Available.

  • $679,000
Isla Solarte, Bastimentos Island, Panama
Price Reduced

Entire Tropical Island Compound— Known as the 5’Oclock Dock- Now Available.

Isla Solarte, Bastimentos Island, Panama
  • $679,000

Description

INCOME PRODUCING PROPERTY

Premiere property on Isla Solarte. 3 homes, 2 docks, 3 boat slips, 2 boat lifts, 4 outbuildings, swimming pool, sun deck and ocean side palapa. Known locally as the 5 O’CLOCK DOCK ! on the “cut” between Isla Solarte and Isla Bastimentos. It is only a 20 minute boat ride to Bocas Town, 10 minutes to famed Red Frog Beach and 15 minutes to Crawl Caye.

THE MAIN HOUSE
One acre parcel, elevated for excellent drainage and enjoying the northern ocean breeze. Home has a large master suite on the upper floor with 2 more large bedrooms below. Each bedroom has its own bath and all have a huge custom tile shower. An additional 1/2 bath for guests located in the laundry room. Large modern kitchen with beautiful white cedar cabinetry and a local hardwood island. A 6 burner propane range, dishwasher and huge side by side energy saving refrigerator with ice maker. Spacious living room and laundry room. On demand propane water heaters throughout. Large outdoor deck including an outdoor kitchen/bar area. Approx. 70% of the upper story exterior walls have huge custom cedar windows to take advantage of cool breezes, views and bringing the outdoors into the home. Broad 10’ overhangs allow for open air home even in rainy weather. Grounded galvanized metal roofing insulated against the suns heat.
Wrap around porch with expansive views of the cut and Almirante Bay. Rear work shop with lots of storage. Home is protected by automatic insect misting system providing undisturbed outdoor living. Easy access concrete pathways and treated wooden steps throughout the site.
Beautiful 15’x 20’ – tiled swimming pool with a separate solar pool pump with a 5×8 hot tub all surrounded by large cement patio and decking with views. Home is built to UBC standards with a concrete slab on grade. The septic system is also built to U.S. UBC standards. Three water tanks providing 3750 gallons triple filtered water catchment with 1 hp pressure pump. For every inch of rain the catchment system collects 1800 gals of water. A new 7200 watt 48 volt Outback solar system. An 8 x 10 generator shed with 8 kw Briggs n Stratton propane powered generator and room for garden tools. Four covered greenhouse style raised garden beds and a small chicken/hen house. There are many fruit tress, pineapples, bananas, passion fruit, mango trees, mature coconut palms, avocado trees and papaya.
There is 12’ deep mooring at the palapa and swim dock where there is electricity for sailboat anchoring. SUP board and kayak storage also on the dock. Two covered boat slips. One with a 3,000 lb boat lift and one with a 9000 lb. boat lift. Fresh water storage and a convenient 12 volt fresh water shower system at the dock for rinsing and washing.
Tons of wildlife and sea life. Extensive landscaping and natural beauty. An 8×14 dock side bodega built for storage.

RENTAL INCOME
On this same parcel The owners have a separate private studio style casita, fully self contained with kitchen, laundry, bath/shower and storage area. A 2500 gal filtered water catchment, 1/2 hp pressure pump, demand water heater, UBC standard septic system, covered deck with Sunbrella weather curtains.
This building houses the solar equipment and batteries. Currently drawing rental income of about $1200 monthly and in high season can be as high as $1800 monthly.

ISLAND BUNGALOW
Also on this parcel, a brand new separate 2 bedroom 2 1/2 bath home. Full modern kitchen with white cedar cabinets, 6 burner range, washer and dryer. 2 large bedrooms, huge deck with views of the calm waters in the cut, decks have Sunbrella weather curtains. A comfy living room, an inside storage area, a 10×12 storage/work shop bodega. New Outback 3600 watt 48 volt solar system. A covered boat dock conveniently located down a gentle meandering walkway where you can enjoy your own private white sand sitting beach. U.S. standard septic system. 2500 gal filtered water catchment with 1 hp pressure pump with on demand water heaters. Property is a private setting with room to add on out the back or the front of the building.
This property has the potential for significant increase in income

Now available an extra 1.7 acre parcel with owners asking $70k. is available Perfect land for building more island bungalows for rental income

BUILDING PARCEL
Room to expand! Additionally, The owners have a separate 1.7 acre surveyed parcel with beautiful 10 mile views towards Isla San Cristobal and Almirante. Features a large/private building site as well a private knoll perfect for an additional studio casita overlooking to calm waters. Easy access thru shallow mangrove to install dock with 10’ to 12’ deep waters in a protected cove perfect for the mooring of sailing vessels. The property is elevated into the cool ocean breezes and groomed as a tropical park with several coconut palms bordering the perimeter. Many hardwoods provide soothing shade. This entire property is an actual “island” surrounded by tidal waters.

This property was built by an American General Contractor using American standards. This property must be seen to be appreciated. Book a tour with us asap. At $679k will not stay on market .

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Details

Updated on June 14, 2021 at 8:31 pm
  • Property ID: HZSO620
  • Price: $679,000
  • Property Size: 10 m2
  • Bedrooms: 6
  • Bathrooms: 6.5
  • Property Type: Business, Compound, Homes, Income Property, Land, Residential, ROP
  • Address Isla Solarte, Bastimentos Island, Panama
  • City Bocas del Toro
  • Area Solarte
  • Country Panama

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