Sale of Beachfront Property in Barranco, Donoso, Colón, 56 ha + 7,725.83 m2 - US$1,875,000.00
The Panamanian Caribbean coast is an undeveloped jewel compared to the Pacific Riviera. With the construction of the fourth bridge over the Panama Canal and other infrastructure works in the Province of Colón, the region is drawing the attention of investors who are acquiring beachfront properties, anticipating future increases in land prices in this region of the country that already has tourism projects in full development. Panama is finally preparing for tourism in the Caribbean.
This totally virgin property of almost 57 hectares and 650 meters of beachfront, called "Vista Cascada", will benefit from the fourth bridge over the Canal, already completed, the new Atlantic highway in Costa Abajo under construction and the new international airport of Colón. The region has numerous opportunities for outdoors recreation, including freshwater and sea fishing, kayaking on rivers and lakes, beautiful horse-riding pastures, trails to explore forests, wildlife, and bird watching.
At the moment the land can be accessed by road to Miguel de la Borda where you take a 30-minute boat ride. The land is located between Punta Platanal and Coclé del Norte. The government already has plans to build the remaining 40 kilometers of road between "Miguel de la Borda" and "Coclé del Norte". It can also be accessed by helicopter.
Vista Cascada consists of large cliffs that form a protective wall around small sheltered bays where you can enjoy a truly private beach. From the top of these cliffs the views are spectacular. At the back of the property there are huge trees and a variety of fruit trees. The most unique feature of this lot is a 3-step waterfall located in the center of the property, which offers numerous natural pools. The land is about 10 miles (16 km) from San Miguel de la Borda, giving you incomparable privacy.
With a price of only US$3.26 per square meter, the lowest in the area, this is a unique opportunity to buy a property that could quadruple in value in the next 5 years with the construction of the new road.