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Key selling points
- Rapidly developing coastal area in booming Panama
- 1.7 km of direct beachfront
- River frontage
- Extremely low price of .40/meter
- Perfect for development with 2 - 4 year time frame
- Owner willing to partner
SPECTACULAR OCEAN FRONT FINCA IN COSTA ABAJO. 2,860 hectares nearly titled located minutes from Coclé del Norte with nearly 1.7 km of direct beach front, priced at an amazing 40 CENTS/METER. Gentle slope up from the beach leads into precious primary forest, providing the ideal property to build a full scale luxury beach resort in front with eco-designed communities overlooking the ocean behind. Two rivers border the property, with riverbeds made of stone and sand resulting in clear waters which do not disturb the crystal Caribbean waters into which they enter. A highway is currently being constructed from the mountain town of Coclécito to Cocle del Norte by a private company. The highway is already within 15 kilometers of the coast and is due to pass within 4 kilometers of this property. Another coastal road from Colon will also eventually pass through the property within the next few years, at which time the property will be located just over 2 hours from Panama City and just an hour and a half from the most popular Pacific Coast communities. Many investors and developers have already purchased and continue to purchase large coastal tracks in the area, and many are already designing preliminary master plans for beach resorts and eco-communities. In addition, numerous subdivided beach front lots in the area have already sold for prices up to and above $50/square meter. This property is priced at an amazing .40 cents per square meter. 1000 hectares are due to be fully titled by January 2008, with full title to all 2,860 hectares delivered in the future buyer’s name before payment is due. Negotiable deposit will guarantee you the property, and can be held by local bank until title is delivered. A penalty clause for non-performance on the part of the seller can also be negotiated. Opportunities for co-developing may also be possible. This is definitely a property worth inquiring about, as the owner is open to finding creative ways to structure a deal and create additional value for the future buyer.
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