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Prime Coastal Development Site Priced to Sell

US$ 1,900,000
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This prime development parcel is located in the Punta Duarte region of Veraguas on the Azuero Peninsula. Punta Duarte is the town where the coastal highway runs closest to the ocean. This land borders that coastal highway, giving it very close proximity to the shoreline and offering many building sites with fantastic ocean views.

This particular piece has 75 hectares and about one kilometer of frontage on the main highway and great views of the surrounding mountains, sea, and shoreline. The land offers strong opportunities for both commercial and residential development. In fact, four segregated commercial lots have already been designated along the highway. For an owner/developer who also wants to live on the property, the land includes a small house on a separate lot. A river through the property adds additional ascetic and monetary value to the land. Included with the sale are a completed survey, topographic map, and title insurance policy. Two dirt roads have already been cut allowing easy access by car to prime building sites.

This area is quickly becoming one of Panama’s prime destinations for foreign investment and expat living. Down the road from Punta Duarte Lief Simon of Live and Invest Overseas is developing the upscale expat community know as Los Islotes. A number of other smaller developments are in different stages of commercialization throughout the entire coastal region here. In just the past few months 2 new developments have begun marketing lots. The area has become an attraction for Panamanians looking for majestic country living and expats seeking new opportunities in a region with unparalleled natural beauty and low cost of living. Several prime surf areas in the area have sparked additional tourism (including international surf events). Whale watching, scuba diving, and some of the world’s best sport fishing are further attractions.

The owners are motivated and open to offers. Paradise awaits.

Country: Panama
Property Id : 3232
Price: US$ 1,900,000
Property Size: 750,000 m2
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