Luxury over-the-water Bungalow newly refurbished 

📍Bocas Island (Colon), Bocas del Toro, Panama                                $390,000us 

 Description 

Would you like to live on a permanent vacation? Getting up in the morning and jump into the clear Caribbean water from your private terrace. Watching the dolphins and fish jumping in front of the house. If you are up for this lifestyle, then get your private over-the-water Bungalow, sit back and relax.

 

The Bungalow is built over water on concrete stilts. It offers a large open living room with a kitchen, two bedrooms, three bathrooms, a cabinet for the washer and storage. There is excellent internet connectivity and mobile phone coverage.

 

The water around the house is crystal clear, with corals in the back. The depth of the water in front of the terrace is about 8 ft. Jump from the deck into this blue/green warm Caribbean water. At nighttime, enjoy the fantastic light of bioluminescence when swimming.

 

The Bungalow is sustainable, off-grid. It is powered by a new high-quality solar system. You’ll never run out of water with its three large rainwater catchment tanks. The septic tank, along with the solar and water system, is in the backyard out of your view inside a 20 m² shed with more storage space.

 

A roof at the back of the dock protects your boat from sun and rain. A pier connects the main house with the dock and the shed. On the land, there is a laguna and lush jungle.

Refurbishment

The house was refurbished in December 2020/January 2021, and most appliances have been renewed. Here is a list of what has been done:

- New appliances: LG fridge, cooktop, oven, hood, water heater

- New faucets, fans, and mirrors

- Sanded and varnished all wooden floors

- Sanded and varnished windows, doors, frames, and some types of furniture

- Painted ceiling and walls

- Painted pool

- Replaced wooden planks at terrace and pier

- Sanded and oiled terrace, balconies, and pier

 

The property is ROP (right of possession) with solid ownership history. ROP ownership is widespread in Panama, especially for constructions built over the water. A water concession is in place, reinforcing the ownership of the whole property (land + water). Neighbors can look after the property in case you leave for an extended time.

 

The land has about 585 square meters, and the water concession has 1,880 square meters, which add up to 2,465 square meters (.6 acre). The backyard is not used as a recreational space as the house is constructed over the water within the water concession boundaries and becomes the principal enjoying place. No land maintenance is necessary.

 

Tourism in Bocas is growing each year. You can generate a solid revenue stream if you are interested in renting the house to tourists. A familial luxury bungalow like this can be rented for $150.00us to $350us/day, depending on the season.

 

This is a perfect property for retired people looking to relocate to a stable country with a stable US dollar. Easy access one-story house. Almost maintenance-free. Just enjoy your “vacation”. Add this one to your visit list.

Did you know this...

You can buy and own a Property in Panama just with your passport… no bank account is needed. Panama law 54 grants foreign investors the same rights and freedoms as Panama natives. They are also granted the right to dispose of their investment profits and repatriate their interest, dividends, and gains.

 

Read the list of advantages of investing in this country on "Why Panama/Bocas" and "Foreigners Advantage" pages on this website. Please don't wait too long…step in; it's waiting for you! Unique properties like these are limited. Prices are also rising because Panama's international profile is increasing.

 Features: 

- Private and quiet place

- Starfish Beach close by

- Close to Bocas Town

- Secure location

- Great Family Compound

- Alarm/Security System

- Solar/Water system installed

- Built To American Standard

- Dock in place

- Coral Reef close by

- Income Producing Poss.

- Stunning ocean view

- Great snorkeling+Diving spots

-Refurbishment January 2021

  Property Details: 

ID:   R0220

Status:              FOR SALE

Type:                 Bungalow

Ownership:       ROP

Category:         Residential

                          Commercial

Land Size:       .6 acre

                          2,465 m2

Access:            By boat

Travel time to Bocas Town:
(Subject to boat performance and weather)
- Aprox. 10-15 minutes

 Bungalow Specifications: 

- Type:  Luxury Bungalow

- Size: 1,292 sq ft. (120 m2)

- Wood + Concrete

- Built on stilts

- Bedroom:     2
- Bathroom:    3

- Year Built:   2012

- Stage:   Completed

 

Construction Elevation:

- Built over the water

 Services: 

- Solar system Installed
- Rain catchment system
- Septic Tank installed
- Internet available
- Cellular coverage
- Satellite TV available

 

 Inclusion: 

- Turn key system
- All appliances included
- All furniture included
- Hot water system
- Solar system
- Water collecting system
- Generator Backup system
- Boat dock in place
- Boat protected roof in place

  Addresse: 

Location:         

- Close to Starfish Beach​

 

Island/Land:

- Colon Island, east area

 

City:                 

- Bocas del Toro​

 

Country:         

- Panama

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