Beach Front Acerage on Playa Burica

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Location: Chiriqui Map it Sale Price: Rent Price: Property Type: Total Area: $300,000 - $720,000 N/A Land/Farm 2.7 - 12.5 ha Property ID: Times Viewed: Status: Date Published: 70549020 1,047 Active 2008-03-11 m2:  = sq. ft   ha:    = acres

Two fincas are being offered. Each of the 2 fincas may be subdivided. If either of the 2
fincas are purchased as a whole, a 20% discount is being offered.

Finca 1 consists of 5.4 hectares and 430 meters of ocean frontage.

• Option 1 is for the 5.4 hectares to be subdivided into Parcels #1 & #2. The
  parcels are being offered for $325,000 each. Each parcel will consist of
  approximately 215 meters of ocean frontage and 2.7 hectares (6.75 acres).
• Option 2 is for the buyer who purchases the entire 5.4-hectare finca for a price
  discounted by 20%. This price is $520,000.

Finca 2 consists of 13.9 hectares and 420 meters of ocean frontage.

• Option 1 is for the 13.9 hectares to be subdivided into 3 Parcels #3, #4, & #5.
  The parcels are being offered for $300,000 each. Each parcel will consist of
  approximately 140 meters of ocean frontage and 4.2 hectares (10.5 acres).
• Option 2 is for the buyer who purchases the entire 13.9 hectare finca for a price
  discounted by 20%. This price is $720,000.

Purchase Options

Finca 1: Parcel 1 or 2  

• Price:  325,000 USD
• Size:    2.7 HA or 6.75 Acres
• Ocean Frontage: 215 linear meters
• Price/m2:  12.04 USD per m2

Finca 1 Undivided

• Price: 520,000 USD
• Size: 5.4 HA or 13.5 Acres
• Ocean Frontage: 430 linear meters
• Price/m2: 9.63 USD per m2

Finca 2: Parcel 3,4, or 5

• Price: 300,000 USD
• Size: 4.2 HA or 10.4 Acres
• Ocean Frontage:  128 linear meters
• Price/m2: 7.20 USD per m2

Finca 2: Undivided

• Price: 720,000 USD
• Size:  12.5 HA or 31.3 Acres
• Ocean Frontage: 385 linear meters
• Price per/m2:  5.76 USD per m2

Location

These beachfront properties are located near the border of Costa Rica on the Pacific Ocean. The nearest major city is David, which is the 3rd largest city in Panama and capital of the province of Chiriqui.  Daily flights are available from Panama City on Air Panama and Aeroperlas. From David, the drive to the property is 2 hours, from the city of David through Puerto Armuelles. From Puerto Armuelles, a new road is under construction and is approximately 80% complete. From the end of the existing road, remaines is a 5 km drive along the beach during low tide before arriving to the property.

Utilities
Water: Available on the property.
Power: Available from the neighboring farm.
Telephone: Currently there are no telephone services.

These properties have well documented right of possession.

• Chiriqui
• Chiriqui Real Estate