HOUSE IN FRONT OF THE CARIBBEAN SEA, LOCATED IN THE PROVINCE OF COLON, ISLA GRANDE.

HOUSE IN FRONT OF THE CARIBBEAN SEA, LOCATED IN THE PROVINCE OF COLON, ISLA GRANDE.
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Property Details

Property ID
23395
Status
For Sale
Location
Colon
Property Type
Duplex
Sale Price
$ 250,000
Built Area
200 m2
Total Area
620 m2
Bedrooms
2.5
Bathrooms
3
Title Status
Right of Possession
Date Published
May 21, 2021
Updated
Mar 6, 2022
Times Viewed
8153

Property Description

HOUSE IN FRONT OF THE CARIBBEAN SEA, LOCATED IN THE PROVINCE OF COLON, ISLA GRANDE.

$250,000 / 2br - 150m2 - Caribbean Island Home (Isla Grande (Portobelo))

Beautiful 2.5 bedroom 3 bath three floor home on Caribbean Island Isla Grande (Portobelo area).

Spectacular views of Sailboats transiting between the island and mainland which about 600 meters away. Views of the mountains in the background. Five minute walk to restaurants. Natural safe swimming area directly in front of home where there is a corral reef just 75 meters out that protects from waves. Great surf break for experienced surfers. Non titled but CAN be titled. Right of Possession (ROP) 620m2 beach front lot.

Has two queen beds and two bunk beds. First floor has kitchen, dinning area, bathroom and storage. Second floor has two bedrooms, bathroom living room and small balcony. Third floor has master bedroom, bathroom, screened porch and large balcony. Panama Tel Call +(507)6672-0089 for appointment. Sale price at $250,000 for cash price... It has the BEST view of any property on the Island. Payment can be in USD, cash, euros, gold, bitcoin. Photos of the interior will only be shown to PRE-QUALIFIED BUYERS WHO ACTUALLY ARE IN PANAMA. Shown by appointment only after meeting face to face in Panama City. Do not just show up on the island and expect to be shown the property.

This property is not titled, but MAY be titled. A Right of Possession and the improvements (the house) are being sold. The owner has not wanted to title the property due to the legal cost of the procedure (approx. $ 10,000), and due to the fact that once titled, he will have to pay property taxes approximately 1% of the cadastral value. Maintaining the property in Possession Law does not incur property taxes. Sale price: $ 250,000

Payment can be in USD, cash, euros, gold, bitcoin and payments can be accepted in Europe, the USA or in Panama. Financing is possible for qualified buyers. Photos of the interior will only be shown to PRE-QUALIFIED BUYERS WHO ARE ACTUALLY IN PANAMA AND HAVE PROVEN FINANCIAL SOLVENCY.

ABOUT ISLA GRANDE

Isla Grande is an island in the Caribbean Sea and a village located in the province of Colón that belongs to Panama.

Despite what its name indicates, it is a small island where the famous statue of the Black Christ is found in the corals.

Access to the island is through boats driven by the local inhabitants; Being half an hour from the city of Colón, cars are not allowed to enter the island as there are only trails for walking. Throughout the year, the waters between the island and the mainland provide excellent conditions for practicing water sports such as surfing.

Property Features

  • Furnished
  • Pet Friendly
  • Balcony/Terrace
  • Ocean View
  • Beachfront

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