Lot with fixer-upper in Puerto Armuelles, 1-minute to beach

Priced to Sell
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Property Details

Property ID
19124
Status
For Sale
Location
Puerto Armuelles
Property Type
Lot
Sale Price
$ 32,000
Total Area
400 m2
Title Status
Right of Possession
Date Published
Sep 14, 2020
Updated
Sep 15, 2020
Times Viewed
116

Property Description

From this 400m2 corner lot you can see the ocean and walk there in one minute flat.

A small structure is on the property and can be upgraded to be used as a holiday house with no problem. There is an estimate from a US contractor to build according to the attached floor plan for $ 20,000. The municipal permit for this house reconstruction comes with the lot. The permits for electricity & septic tanks have already been pulled. The municipal water line is in front of the property.

Initial drawings and percolation tests have been done for the development of small condo building with 4 units. A neighbouring lot features two units and both are permanently rented for $ 450 a month.  

The property is Rights of Possession but can be titled. 

Puerto Armuelles is a friendly beach town in western Panama. Beaches like this aren’t common in Panama — the mainland’s coastline doesn’t have many beaches that are accessible for swimming and strolling. It’s still a somewhat under-the-radar destination, and travelers here can expect to have plenty of the beach to themselves.

For many years, much of Puerto Armuelles served as Chiquita Banana plantation land. Once plantation's workers harvested bananas, they would pile them onto ships waiting in the harbor. After a major worker’s strike, Chiquita left, and the population shrunk considerably. When you walk around town, you can still see the old plantation houses.

Although many locals left after the banana industry was uprooted, today the community has attracted a significant community of expats, who are mostly drawn in by the town’s affordable beachfront property. The town’s long beach is a welcoming place, with a popular tier for fishermen, who sink their lines to catch the many species of fish that thrive in the cold Pacific waters. The seafood and abundant fruit trees support a healthy lifestyle, along with plenty of time in the fresh, seaside air. 

Property Features

  • Pet Friendly
  • Backyard/Patio
  • Ocean View

Amenities

  • Close to Shopping Centers
  • Close to Schools
  • Close to Main Roads

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