460 feet Beachfront in Bocas del Drago, Isla Colon- Panama

 Panama Residency / Posted 11 months ago by Anne-Michelle Wand / 495 views

Location – Bocas del Drago, Boca del Drago, Bocas del Toro, 00000

Price: $329,000

This beachfront property in Del Drago is about a 35-40 minute drive from Bocas Town Property is 33,507 sq meters ( 8.25 acres) w/approx 460 ft of beachfront. Clean ROP with approximately 75 % on the beachside of the road, and only a thin, pie-shaped property extending into the forest on the other side. One of the most forested parcels in the area, with many large trees on both sides of the entrance.

There are 2 structures, a casita, and pavilion. Both were constructed approx 10 years ago, and even though foundations are in good shape, they are both in need of repair. The property has a long entrance that required many truckloads of caliche fill but does require a 4-WD vehicle. There are great views of the water and Bird Island.

The elevated home site is not a vertical cliff, but slopes very steeply toward the water.  This reduces the amount of salt spray (and constant maintenance) that can occur during rough offshore weather, compared to sea level sites. It is also a bit cooler, which reduces the biting bugs, compared to something closer to the water.

On the far left/west side of the property, you can walk down to the sea, where there is a small area of rocky beach and small spring.

There is a locked gate at the entrance, and the key is held by United Country Real Estate in town.

  • Enables residence and/or citizenship in:: Panama
  • Price range: US$250,000 - US$500,000
  • Ownership type: Freehold
  • Minimum holding period to maintain residence/citizenship status: 2 years
  • Construction status: For renovation
  • Property type: House/Villa, Land
  • Income-generating property: Yes
  • Annual maintenance costs borne by the buyer: Yes
  • No. of rooms: 3
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