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

  • $259,000
Featured ROP Sold
Bastimentos Island, Panama
Featured ROP Sold

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

Bastimentos Island, Panama
  • $259,000

Description

  •  

Owners are MOTIVATED to sell and have just 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 valuable hardwood house features 2 bedrooms,  2 baths, a kitchen, dining area. an office and living area. A huge front porch serves as an additional dining area, BBQ area, entertainment section and general chilling out in a hammock There is ample room to build additional cabins on the ridge behind the house for additional income. The owners have done  some major improvements.  They installed a new roof, new back deck and steps as well as kitchen counter/sink and a new gas stove. There is new AC solar power with a new $2300 quiet backup generator and all fairly new storage batteries. There is 4400-gallon water storage tank on its own concrete pad with new pressure tank and pumps.

Recently the owners covered the steps up to house with a weather protected roof.   New interior paint applied and remodeled and updated 2 showers.  Insulation was added under the roof   new bahia or rancho with roof at the dock area for relaxing in a hammock at sea level.  

The house is located on 1885.07 sq mts of land with very clear (ROP) Rights of Possession ownership papers. There are no property taxes with this property. Title work was started several years back and can be continued if wanted. A Panama Corporation is also included in the sale.

The owners do not live here and the house enjoys a successful rental income program with a professional agent. 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 with wonderful neighbors not too close. 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 new tropical life to the fullest. This could be the deal of the year!

 

Details

Updated on February 7, 2024 at 7:02 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: ROP, Sold
  • Address Bastimentos Island, Panama
  • City Bocas del Toro
  • Area Bastimentos
  • Country Panama

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