All Properties¶

Display #:

New Oceanview Home Boca Chica ¶

Agent

Allen Rosen

Chiriqui

Price

USD $ 274,500

*Check out the slide show here: http://bit.ly/xTXnbO ...don't forget to view it full-screen!*

This new ocean-view home in Boca Chica had just been competed. Designed by an award-winning Canadian architect with 15 years experience building custom homes in Panama, Nicaragua and Honduras, the home has 2120 square feet of living space, including exterior patios; 2 large bedrooms; 2 and 1/2 bathrooms; kitchen with granite counters, refrigerator and built in stove and oven; open-concept living/dining area with cathedral ceiling; laundry room with washer and dryer; infinity-edge plunge pool; air-conditioning; covered patios in front of each bedroom and the lving room, plus a car port.

This is a gorgeous, high-quality home, built with the best materials, including a clay tile roof, custom woodwork throughout and new appliances. The lot is over one half acre (2,500 square meters), with outstanding views of a Pacific estuary.

The owner of this home will be eligible for a 20 year tax exemption -- no realty taxes will be paid for 20 years.

The Boca Chica area is very scenic, with wonderful views of the Pacific ocean and inland mountains. It is close to beaches, marinas, small luxury resorts, the Gulf of Chiriqui marine national park, and less than 1 hour to the city of David (the capital of Chiriqui province) where there is a regional airport with frequent connections to North America and Europe via Panama City.

For fishing enthusiasts, the Boca Chica area offers easy access to some of the best sport fishing grounds in the world, including the Hannibal Bank and Coiba island, where yellowfin, black marlin and many other species are plentiful.

This is the first of only four custom homes that will be built on a 4.5 acre (1.8 hectare) hilltop overlooking the Pacific. There is a charge of $50 per month, payable once a year, for maintenaince of interior roads and electrical lines.

Bank financing for this property is available to qualified foreign buyers with a 30% downpayment.
Gorgeous Beachfront Home ¶

Agent

Allen Rosen

Chiriqui

Price

USD $ 599,000

Price reduction: just lowered from $640,000 to $599,000

Anyone can build a big home, but very few people have the good taste to build a beautiful home. That is what you get with this exceptionally well-designed and well-built, titled property set right on Barqueta Beach in Chiriqui province, half an hour from an international airport and all the stores, restaurants and shopping opportunities you will need in the City of David.

The owners of this home have excellent taste, and it shows in every detail, from the floor tiles to the recessed alcoves in which air-conditioners are hidden, to the first-class kitchen cabinets, to the flawless landscaping.

The home is four years old, has a large kitchen, dining area, living room, three bedrooms, each with an ensuite bath, an enertainment room, also with its own bathroom, a covered outdoor terrace, a garage, a large swimming pool, and high-speed internet.

The house comes fully furnished, and, again, all the furnishings are high-quality and tasteful.

The property comes with a tax exemption that runs for another 17 years. That's right, no property taxes for 17 years.

This is a real turn-key house. You don't need to build anything. You don't need to buy any furniture. All you need to do is unpack your bags and move in.

If you want to live right on the beach, in a gorgeous, fully furnished home, and not pay any realty taxes for17 years, then you need to see this property now.

The price has just been reduced on this property from $640,000 to $599,000. The vendor is eager to sell. If you are a discriminating buyer who demands high quality and good taste, you need to see this home now.
3555 Acres Reforestation Land ¶

Agent

Allen Rosen

Veraguas

Price

USD $ 2,133,000

Chiriqui Coastal has a total of 31,500 hectares --78,750 acres -- of land for reforestation available at a remarkable price of $0.15 per square meter in Veraguas province. This is the lowest price reforestation land in Panama.

This particular farm is 1422 hectares -- 355 acres -- of titled land. In addion to having appoiximately 920 hectares of pasture land ready for reforestation, this farm has roughly 500 hectares of existing forest, much of it consisting of old, mature trees, as shown in the photographs.

This is also a beautiful farm with a river running through it.

Previous large scale reforestion efforts in Veraguas have been highly successful with Caribbean pine.

All relevant offical permits for reforestation can be obtained quickly and easily.
Boca Chica Ocean View Lots ¶

Agent

Allen Rosen

San Loenzo

Chiriqui

Price

USD $ 62,400

Two scenic ocean view lots are available in this Boca Chica property. One is roughly 1600 square meters, priced at $62,400; the other 4000 square meters, priced at $68,600

Boca Chica is one of the most beautiful areas of Panama, on the Pacific coast, 10 minutes from Hermosa Beach, with hundreds of islands nearby and only 50 minutes from the City of David, where there is an airport and lots of shopping and restaurants.
As a special incentive, we are offering a Fly and Buy Rebate with every lot purchase -- Buy a lot and we will refund your airfare and travel expenses up to $2,500 when the final payment is made.
A 10% deposit will reserve your lot for 3 months. Should you change your mind about the lot purchase, your deposit will be fully refunded during the first 3 months.
Luxury Home in David ¶

Agent

Allen Rosen

David

Chiriquui

Price

USD $ 600,000

This is a large five-bedroon luxury home in one of the best neighborhoods in the city of David, Chiriqui province. It is set on a double-sized 2273 square lot (over half an acre) only a few blocks from the best shopping center in western Panama. The home has a massive and imposing living room, with raised ceiling and indirect lighting; plus a large, well-equipped kitchen; TV room; pool with jacuzzi; terraces; barbeque area; covered outdoor rancho for entertaining, and two car garage. There is also a separate wing with two maids' bedrooms, laundry room and pantry.

Total interior space of the home is 423 square meters (4,536 squre feet), not including the garage (46 square meters; 492 square feet), outdoor terrace (88 square meters; 941 square feet), ranco (65 square meters; 695 square feet) and pool with jacuzzi (54 squre meters; 578 square feet)

If you are looking to live large in the city of David, you need to see this property. The owner has moved to Costa Rica for business and the house is being rented temporarily. However, the tenants can be moved out when the property is sold.
20 Acre Farm ¶

Agent

Allen Rosen

Bugaba

Chiriqui

Price

USD $ 198,000

Very nice, well-priced and affordable small farm of approximately 20 acres (8 hectares) located 20 minutes from the city of David, capital of Chiriqui province. There are about 500 lemon trees on the property currently, plus yucca trees, the products of which are sold as cash crops. There are also many mature teak, cedar and tropical hardwood trees. The property has a very pretty river running through it, as well as a caretaker's house and drilled well. The location is excellent, along the coastal plain within easy driving distance of the second largest city in Panama and the regional airport. A good paved road is about 50 meters from the entrance to the property.

This would be an excellent investment for someone who wants to operate a small farm producing cash crops. There are several steel framed greenhouses, although they have not been well-maintainced and require refurbishing. The caretaker's house is basic, but is solid and could be turned into a nice owner's house with a little work.

In other words, this is an excellent little farm with great potential at a very attractive price.
Boca Chica Beachfront Estate Property ¶

Agent

Allen Rosen

San Lorenzo

Chiriqui

Price

USD $ 1,500,000

This is an extremely rare property -- 1.69 hectares (4.225 acres) of titled oceanfront with a beautiful, private beach, and large wooded areas with mature trees. The property includes a pleasant two bedroom house with two bathrooms, a living/dining area, kithcen and large outdoor, covered patio with eye-popping views of the Pacific ocean.

The owner is keen to sell, so make an appointment to view this exceptional property and make an offer.
Restaurant in the City of David ¶

Agent

Allen Rosen

Downtown

Chiriqui

Price

USD $ 99,000

Major price reduction -- from $145,000 to $99,000. Owner wants to retire now.

One of the three best, most popular restaurants in the city of David is for sale. How do I know? Because I live in David and I know all the good restaurants -- all the bad ones, too. I eat at this restaurant often, so I can personally vouch for the fact that the food is excellent and it does good business.

The restaurant specializes in pizza, pasta and steaks. The pepperoni pizza with roquefort is to die for. The imported argentine steaks are the best in town.

The Argentine owner has figured out what people want and he gives it to them -- good food, not too fancy, with prompt, friendly service, at reasonable prices. Not rocket science, but you would be amazed at how few restaurant owners have grasped this basic reality of the food service business, especially in Panama.

The restaurant seats approximately 150 people and comes fully furnished and equipped with 2 pizza ovens, commericial gas barbecue, gas grill, 10 burner gas stove, refrigerators and everything else required for a turn-key operation. Gross revenues average $250,000-$300,000 per year, with net income of roughly $60,000-$70,000. There are two years left on the lease, currently $1000 per month, and the landlord is willing to extend the lease for 3 more years.

If you are interested in opening a restaurant in Panama, you could probably start from scratch with an investment of maybe $100,000--$150,000 for a restaurant of this size. But the vast majority of all new restaurants fail in the first two years. I have seen plenty open and close within a year or two in David.

Or, for roughly the same investment, you can buy this very successful restaurant which has been in business 5 years with an excellent reputation, strong revenues, and a proven track record.

It is hard to understand why anyone would want to open a new restaurant, with a high risk of failure, and all the headaches of getting started in a new business, when you could buy an existing one like this with a successful business formula, a proven track record, and strong revenues, for the same amount of money.

The owner is in his 60s and no longer has the energy to run a business that is open 6 days a week for long hours. He wants to retire, but will stay on with a new owner for a 3-4 month training and transition period.
Beachfront Lot -- Boca Chica ¶

Agent

Allen Rosen

Boca Chica

Chiriqui

Price

USD $ 319,000

Large 3/4 acre beachfront lot in a gated community near Boca Chica on the Pacific coast of Chiriqui province, Panama. This property has a beautiful beach as well as a large building area with mature shade trees. The gated community is first-class, with good services, low fees, and excellent, friendly neighbors.
Las Lajas Beach Lots ¶

Agent

Allen Rosen

Remedios

Chiriqui

Price

USD $ 40,000

Las Lajas beach is one of the longest and best light sand beaches in Panama. This is an opportunity to buy two lots a few minutes walk from this gorgeous beach.

One lot is 1000 sq. meters (half acre), priced at $40,000. The other is 1500 sq. meters, priced at $72,000. Both are titled and have electricity and water wells. Internet is available. Each lot can be purchased separately.

Lots directly on the beach at Las Lajas are priced at $100 per sq. meter. You save 60% by being a couple of blocks from the beach.

For under $100,000 you could buy the smaller of these lots and build a nice beach-house, instead of paying $500,000 for a lot and house in the nearby residential development.

If you want to be close to the beach, without spending lots of money, this is an option you need to consider.