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Property Details

Property ID
For Sale
Altos de Morrillo
Property Type
Sale Price
$ 3,125,000
Lot Size
275,000 m2
Date Published
Sep 30, 2017
Jul 30, 2019
Times Viewed

Property Description

  Listing No. 152-634

This 27 hectare titled ocean view property is located on Playa Morrillo, the most consistent beach break for surfing in Panama.  The property faces South-South-West, and offers spectacular sunsets. Playa Morrillo will become the Panama’s top surf town, similar to Playa Colorado in Nicaragua. The beach is pristine, and the surf is amazing, warm water all year long, and offshore winds half the year during the dry season.  3 minutes from the town of Mariato and 1.5 hour drive from Santiago City & airport (45 minute flight from Panama City or Bocas del Toro). Asphalt road 4 meters from the property. This property is the gem of gems when it comes to surf real estate, as it has spectacular panoramic views of the ocean and the surf from most points on the property. 9% of the land is usable for development. Dirt road on two sides of the property. The property is currently a cattle farm, all covered in cattle grass, so there is no jungle or rivers crossing through the property, making it ideal for development (there would be no cost of clearing jungle, and no bridges to cross the land). Morrillo beach is just 9 meters from the property, just across a small patch of mangrove via a public bridge access. Public power / electricity lines are located along the asphalt road just 4 meters from this property. Spring water in large quantities via private well. Professional architectural & engineering master plan of a residential development including topography, views, roads, water & sewer systems worth $1,. of work and studies. The property is 1% titled in the name of a Panamanian corporation with a low registered value, ideal for maintaining property taes at zero. No claims, lawsuits, or any kind of legal issues with the property title or owners. 

Price: $11.57 / m2 or $3,125,. Make an offer.

Agent: Jon Hanna, Whatsapp / Tel (Panama): (57) 6672-9

Email: jon.hanna @ kwpanama.com

Real Estate Agent ID 3135

Property Features

  • By the sea
  • Near Beach
  • By the sea

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