Beach Property Auction by Government Agency

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Province: Area/Town: Location: Panama Panama West San Carlos Map it Sale Price: Rent Price: Property Type: Constr. Area: $15,000,000 N/A Land/Farm 77 ha Property ID: Times Viewed: Status: Date Published: 68601043 2,730 2007-08-17 m2:  = sq. ft   ha:    = acres

A Panamanian Government institution announced the sale of two unique, large parcels of Beach Front Property 

PARCEL # 1   SOLD           US$ 24,000,000

                        PARCEL # 2 for Public Auction , date to be anaunced

The Agency is placing 2 large beach front parcels, in an excellent  beach location closed to Panama City, for sale.

Property size: each with approx 77.2 hectares of terrain
Estimate base value: about US$ 15,000,000 for each Parcel

This beautiful beach front property is located closed to the town of San Carlos, along the Pan –American Highway, in between San Carlos and the and only in a distance of 1 hour and 10 minutes from Panama City.

Both parcels have about 800 meters of ocean front on different levels, and the property stretches about 900 -1,000 meters from the beach towards the Pan-American Highway, with access to the highway and some highway frontage.

The terrain is fairly flat laid out and the land seems had been used for farming. Grassland with some trees are dominant on the property. Some sections forming a cliff in front of the beach , some section allow to have direct beach access.

A existing 4-5 kilometer rural road is established at the property which makes a survey and access to the property easily available.

The plateau of the property is fairly flat and easy to work. Utilities such as Electricity and water are in closed by along the Highway.

Parcel No. 1. is bordered to the north by the highway to it’ easy by a River Valley, south by the beach and west by Parcel No. 2

Parcel No. 2., is boarded East by Parcel No. 1., North by the Highway, south by the beach and east by neighboring properties at ‘Playa Panama’, Parcel 2. is divided by a small creek.

This property can be used for the development of a major Hotel Complex and or residential beach development.

This two lots are one, of the rarely available properties, unique in it’s location and
approximant to Panama City !

The Government is selling these properties in a sealed bidding process.

Proponents are able to present offers on the bidding day, please contact us for representation on such bidding process and details.

Estimate base value of each parcel is about US$ 15,000,000

This calculates an average rate of $ 19.40 per square meter

Panama Realtor® expects that offering rates could go as high as double or more.

• San Carlos
• San Carlos Real Estate