| Pacific Oceanfront For Sale in Chiriqui Panama Titled Oceanfront Lots Asking Price: $75,000 USD Pacific Oceanfront Lot, Titled.
Best Pacific Ocean Views In Chiriqui, Panama.
No Loud All Night Parties
No All Night Drunk Fest
Nothing but the sounds of small little frogs that whistle at night and that of the jungle night birds. Very Peaceful.
The lot is located in the formal Development of Villas de Playa Tortuga.
Safe beach and secluded beach with private gated access. Our beach is very safe for water activities with limited rip currents or under-tow. Only when the surf gets big do we experiences hazardous swimming conditions. Other popular beaches in Chiriqui do have a recorded history of very hazardous swimming conditions. The most hazardous being the beaches of Las Lajas.
Great access with no road washouts during the rains. Rainy season in some areas of Panama means limited access with road washouts. Forget driving these roads at night during the rainy season, very dangerous.
No threat of the beach washing away due to illegal activities such as mangrove destruction and trying to re-route a river mouth. Such is the case in the Las Lajas area.
Legal residential development, the ONLY Pacific Coastal Development in Baru-Chiriqui. Can't stress the importance of buying into an approved residential development.
Buy Direct From The Developer, No Real Estate Fees.
Outstanding High Pressure Fresh Water On Site.
Roads, Water, and Power To Development.
FREE SATELLITE TV (Not DirectTV) with Home Purchase.
Located outside of the 10K Border Zone (Article 121 of tax code revision by Law#2).
Being so close to the 10K border we get asked much about Punta Burica. So here is the skinny.
Words of warning: Beware of illegal developments in the Punta Burica area. These developments have not done any of the requirements to legally offer lots for sale. Nor, by law can they sell lots. The reason is they can’t ever be an approved residential development because of their location within the 10 kilometers of the border. These people selling community lots can not by law offer ROP lots that are segregated into any type of community development. By law these parties selling community lots are to have the approval seals from:
Environmental Department ANAM, Ministry of Roads MOP, Ministry of Housing MIVI, Health Department, Ministry of Economy and Finance MEF (Article 121 of the Tax Code-10 kilometer border zone), Transit Authority, etc.
Article 121:
Article 121. No foreign natural or legal person and no national legal person of foreign capital, whether partial or total, may land from the State or private persons, which are situated less than ten kilometers (10KM) from the borders. However, the rights acquired upon the entry into effect of the Constitution shall be respected, but the corresponding assets may be expropriated at any time, with the payment of an adequate indemnification.
Notice the wording, ACQUIRE. It does not state can not title or own. It states acquire which wording is implemented in ROP and Titling.
Webster Dictionary Definition: 1: to get as one's own: a: to come into possession or control of often by unspecified means.
Corporation game in Punta Burica. Do not become a victim of this game played by the lawyers representing properties in Punta Burica. A corporation is made up of what? People, right? Within the papers of the corporation are the names of the members and the nationality. Having a corporation in Panama does not make your corporation above the law in Panama. When, RIC, S.A. asked a lawyer that represents several parties selling property in Punta Burica about Article 121, his response was typical of acting like the law does not matter. A shrugging of the shoulders, and the little dance with the words, well you know the game. What game? Setting yourself to be ripped off? Selling property that has the restriction of Article 121 upon it? Of course the subject changed really fast.
As stated many times by RIC,S.A. do not take our word for it, go to the MEF office located in Panama City and ask them about Article 121. Go to the office of MIVI in Panama City and ask about any known legal project in Punta Burica. You will find out that we are right on the money with the advice we have given.
 | | About This Property | |
| Category: | | Lots/Land | | Address: | | Chiriqui
Panama | | For Sale By: | | Owner | | Construction Year: | | n/a | | Area: | | 1,000 m2 | | | Bedrooms: | | n/a | | Bathrooms: | | n/a | | Sleeps: | | n/a | | Stories: | | n/a | | Parking Spaces: | | n/a | |
| | Features - Amenities | |
| - Pet Friendly
- Ocean View
- Lake View
- Mountain View
| | - Ocean Waterfront
- Best Beach Community Location In All Of Chiriqui
- Located Only 10 Minutes Away From Shopping And Health Care
- Power
| | - Water
- Roads
- 24 Hour Security
- Gated Community
| | | Contact - More Information | |
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