featured¶

• Gorgeous Beachfront Home¶

  Chiriqui

  Price

  USD $ 640,000

  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.
  
  

• 20 Acre Farm ¶

  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¶

  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 ¶

  Downtown

  Chiriqui

  Price

  USD $ 145,000

  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.
  
  

• El Cangrejal ¶

  Horconcitos

  Chiriqui

  Price

  USD $ 450,000

  15 hectares titled land near Horconcitos, with another 5 hectares Right of Possession property bordering estuary. Electrical line is 3.3 kilometers away. Good development opportunity. $2.50 per square meter.

• Las Lajas Beach Lots¶

  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.

• New Oceanview Home Boca Chica ¶

  Chiriqui

  Price

  USD $ 274,500

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

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  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.
  
  High speed internet is available.
  
  
  

• La Barqueta Beach Home -- Owner Must Sell¶

  Alanje

  Chiriqui

  Price

  USD $ 279,000

  This is a large and well-constructed, nearly new beachfront home, completed in 2009, with approx. 3500 square feet of living space, including 2 large  patios (upstairs and downstairs), 2 bedrooms, 2 1/2 bathrooms, living room, dining area, kitchen, entertainment room, lots of closet and storage space, all appliances (gas stove, dishwasher, clothes washer and dryer, etc.
  
  The property is being sold through a Private Interest Foundation and comes with a 16 year tax exemption. There are no realty taxes on this property for another 16 years.
  
  The price of this property has just been reduced from $309,000 to $279,000. This is a lot of house for the money, and is set right on the beach, half an hour from the city of David, where you can catch a plane at the airport and do all your shopping.
  
  The house could use some minor alterations and landscaping, but this is an outstanding price. Other homes nearby have sold for hundreds of thousands more. You can save big money with this house, and have only a minor investment in improvements to make it worth much more.
  
  The owner wishes to rejoin his family in the US and needs to sell quickly. You can buy this house at a great price. 
  
  Make an offer today!
  

• Hobby Farm in Las Lajas¶

  San Lorenzo

  Chiriqui

  Price

  USD $ 150,000

  This titled property is an attractive three hectare (7.5 acres) parcel of land just inside the town of Las Lajas in Chiriqui province. The town of Las Lajas is a quaint, quiet and sleepy little place fifteen minutes from one of the best beaches in Panama and less than an hour from the provincial capital David, where there is an airport and all the stores you will even need for shopping. The town of San Felix is also nearby, where there is a small hospital and many stores.
  
  The property has mature shade trees, flat pasture, a creek running along the rear boundary, and would be perfect for a small, hobby farm, with plenty of room to build a home and raise a few horses or cows, sheep or goats.
  
  Priced at slightly under $5 per meter, the property is very affordable.

• Premium Office and Retail Building¶

  Chiriqui

  Price

  USD $ 1,350,000

  This is a very attractive and well-constructed new retail plaza with 4 stores downstairs and 4 offices upstairs in the city of David in Panama. David is the second largest city in Panama and has been growing rapidly over the past decade, even during the recent recession that has affected other parts of the world.  David is booming.
  
  The building is premium quality, centrally located downtown, with lots of of parking and excellent tenants, including a bank, an insurance company, a high-end bistro and a national coffee-shop chain.
  
  For investors who may wish to purchase this or other commerical properties, Chiiriqui Coastal Real Estate can provide all necessary management and legal services, including prioperty management, permanent resident visas and banking arrangements for investors.
  
  if you are worried about the condition of the US or European economies and the tax increases that are inevitably coming your way, this would be an excellent way of moving investment funds off-shore and employing them to generate income.
  
  Contact us for more details about this premium commercial property.
  

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