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Property Details

Property Description

Located in the Exclusive gated community of Coronado, this charming Ranch style home is offered at the amazing price of $269,000.00. With 2 years of membership fees paid ahead for new buyer!!

If you are looking for an affordable property in a gated community, but don't want the typical 'model' home version, preferring something more tropical with a Latin charm, this is the property for you!

The building is two homes, sharing one connected wall. The Main House has 3 bedrooms and 2 bathrooms. The master bedroom is on the 2nd story of the Main House and has its own private balcony. The master bathroom and walk-in closet are very spacious.

The main floor hosts the kitchen and dining rooms as well as a spacious living room with built-in benches and accents. Two guest rooms and a bathroom are located on the opposite side of the kitchen. A laundry area with washer and dryer are located behind the kitchen in the Main House.

The 2nd House offers a kitchen, dining and living rooms and 3 bedrooms and one bathroom. The master bedroom in the 2nd House has French style doors opening onto the front terrace.

The Homes together offer 6 bedrooms and 3 bathrooms. This could be a rental income property, or perfect for large families and offering the privacy of separate living areas, while sharing a huge, ranch-style terrace. This property offers many, many options and opportunities.

Along the front of the homes is the huge terrace that sprawls from one end of the building to the other end. The terrace is covered and with the French style doors that open onto the terrace, it easily becomes an extension of the living, dining and even bedrooms.

The property is on a corner lot facing East and offers 1,144m2 / 12,313ft. The building is constructed of block and concrete and has just undergone an inspection of the foundation and walls. The structure is sound and well built. The homes have a brand new roof, installed to U.S. specifications, completed on May 18, 2016.

Both homes have been outfitted with new aluminum windows with screens (19 in all), and 5 new French style doors; 2 doors per House and 1 for Main House master balcony. The Houses have been freshly painted both inside and outside.

BONUS: Monthly Golf Membership for Blue Bay Resort is paid 2 years ahead to new Buyer!!

A membership to the Coronado Golf and Beach Resort (Blue Bay) is included with this home. A one-time $5000 fee, paid directly to the Hotel Coronado, is mandatory to transfer the property membership to new resident.

Members enjoy private use of the Hotel’s 4 restaurants, two swimming pools, tennis courts, gymnasium, spa, beach club/restaurant, pro-shop and lifetime greens fees. Members living in Panama full-time pay $260 per month in member fees, members living in Panama less than 6 months a year pay $130 per month in member fees. BUT, with purchase of this property, Seller will pay Resort fees ahead for 2 years!

For more information and to see this unique, charming Rancho call 6205-5782

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Sale Price

$269,000