Waterfront Home, Elevated, Income and Awesome Views and a… Great Deal!

  • $259,000
Bastimentos Island, Panama
Featured For Sale Reduced Price Price Reduced

Waterfront Home, Elevated, Income and Awesome Views and a… Great Deal!

Bastimentos Island, Panama
  • $259,000

Description

 

Owners are MOTIVATED to sell and reduced the price of this home. This elevated waterfront island house is located on an area known as Juan Brown Point on Isla Bastimentos. There are several very nice island style homes in the area and they all share a small beach, a concrete dock, and common grounds. The house has a great view of Isla Solarte, the mainland mountains and part of Bocas Town in the distance across the Caribbean channel. There is a boat dock for your boat and also a small swimming beach for the small group of residence. There are no HOA fees but the neighbors collectively pay for cleaning of the common grounds.

The local hardwood house features 2 bedrooms, office, 2 baths, a kitchen, dining area and living area. A huge front porch serves as an additional dining area, BBQ area, entertainment section and general chilling out on the hammock feel. The house is located on 1885.07 sq mts of land with very clean ROP Rights of Possession papers. Title work was started several years back and can be continued if wanted. There is ample room to build additional cabins on the ridge behind the house for additional income. The owners did some major improvements 2 years ago.  They installed a new roof, new back deck and steps as well as kitchen counter/sink. There is new AC solar power from old DC generator power and all new storage batteries. There is 4400-gallon water storage tank on its own concrete pad with new pressure tank and pumps.

In September 2022 the owners covered the steps up to house with a roof, bought new Honda 2200 generator, remodeled and updated 2 showers, and added insulation to the roof. They also now have a bahia with roof at the dock area. 

The owners do not live here and the house enjoys a successful rental income program with a professional women and friend. You are only 10 minutes by water taxi to Bocas Town and only 5 minutes to Old Bank Town on Isla Bastimentos where there are cool funky bars, restaurants and small markets.  It is a great location! Come see this tropical home and marvel at the incredible view. It’s the kind of house that makes you want to move here and enjoy your tropical life to the fullest.

 

Details

Updated on November 11, 2022 at 8:42 pm
  • Property ID: HZB439
  • Price: $259,000
  • Property Size: 1885.07 m2
  • Bedrooms: 2
  • Bathrooms: 2
  • Property Type: Business, Homes, Income Property, Residential, ROP
  • Property Status: For Sale, Reduced Price
  • Address Bastimentos Island, Panama
  • City Bocas del Toro
  • Area Bastimentos
  • Country Panama

Compare listings

Compare
Search
Other Features
Buena Vista Realty
  • Buena Vista Realty