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Island For Sale in Bocas Panama Bocas Island For Resort Or Private Playgound Asking Price: $265,000 USD REDUCED PRICE originally US$425,000.
This breezy 4 Acre island near San Cristobal Island has coral reefs for snorkeling with up to 90-foot depths for diving, so it's perfect for a resort, or just your own private playground!
Less than 10 minutes from Bocas, 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).
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. A building permit has been issued to build a home over the water. 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.
We are now creating a beach by pumping sand from just off the island on the reef side and continuing to raise the level of the island also in certain areas so that we can continue planting coconuts and other fruits.
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. 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 sale and the price.
For the past several years, it has been impossible to title island properties. However, a new law was 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 4-5 times 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.
Island purchase could be combined with the mainland property (title is being applied for) for road and water access and transportation to the islands.
Designated tourist development area where the tax concessions are available.
PRICE: $265,000
 | | 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 | |
| | Pictures (click to view a larger image) | |
| | Contact - More Information | |
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