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Bocas Island For Resort Or Private Playground With Approvals

Asking Price: $395,000 USD

This breezy 4 Acre island near San Cristobal Island has coral reefs for snorkeling with up to 90-foot depths for diving, the 90-foot shelf is at the edge of the coral reef, so it's perfect for a resort, or just your own private playground!

Less than 10 minutes from Bocas and the airport, there’s a storage building that can be used as living quarters, a covered 4-slip boat dock made of concrete, steel and nisporo, with 2 covered boat lifts and a rancho at the end of the dock.

An important consideration for the viability of this location is not only the proximity to Bocas but there are no reefs to navigate and entrance to the property is all deep water.

Perfect for a natural sheltered marina close to Bocas and private.

Minimum of 8-foot water depths right off shore with protection for sail boats. 20 barge loads of rock were brought in and 3 years of work with rocks and soil to create walkways and over 200 coconut palms have been planted to reclaim part of the land.

Resort plan and bungalow design refer to photos (additional information available). Approved by the Maritime Authority for multiple floating villas with their own individual title.

Out of ear shot of the Bocas Town music only the sounds of thousands of parrots that nest in the trees across the way and fly out in the morning and return in the evening. Environmental impact study and concession surveys have been started. The property comes in a Panamanian corporation for easy transfer. Also included in the sale is a solar system with 10 panels and frames that just needs batteries, a 4-mile light beacon useful in the evening returning in the night from the town, Sun-Mar 3000 electric low flush composting toilet system good for a large family or small resort, solar and security lights and wind power generators (All these items are still in their boxes).

There are also thirty 40 ft. poles available to be used in constructing a home or other building.

A labor of love has gone into this project and though we are selling we would assist the new owners by sharing the three years of study & information that we have accumulated.

Floating Villas have been designed for the property as depicted on the image photo. Fully contained and air conditioned and self sufficent with flexible solar power rolls designed into the roof.

Prefabricated design bunglows from Finland are also available and funding from the company's bankers.

The Government has passed the new law to TITLE ISLAND PROPERTIES on 31 December 09. Presently the island is ROP in a corporation for easy transfer and awaiting on enacting of the new Government Law for TITLING of islands to come into force. Once the island is titled the owner will reconsider the price.

For the past several years, it has been impossible to title island properties. However, the new law passed recently by the Panamanian legislature allowing island and coastal property to be titled at minimal cost. Once an island property such as this is titled, it will be worth at least twice the current price. The passage of this new law has created a rare opportunity to buy island and coastal properties at discount prices with confidence that they will be titled and will increase substantially in value.

Most islands for sale are being sold as land only we have spent considerable expense and time creating the infrastructure to move onto the island to live. Additional work is needed if required to transport dirt to raise the level on the south side of the island or on the sides of the stone walkways so that the coconut trees can flourish.

Designated tourist development area where the tax concessions are available.

About This Property

Category: Islands Address: Bocas Panama For Sale By: Owner Construction Year: n/a Area: 4 Acres

Bedrooms: n/a Bathrooms: 1 Sleeps: n/a Stories: n/a Parking Spaces: n/a

Features - Amenities

Ocean View

Ocean Waterfront

Pictures  (click to view a larger image)

Contact - More Information

Site:   www.viviun.com/AD-109768/ Your Name: Your Email: (will not be stored, we will never send you unwanted emails) Your Phone: Your Comments:

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