Titled Property, 2 Houses

Owner's house and house for rentals

These two houses built on titled land, are located in the Caribbean village of Bastimentos, 10 minutes by boat from the town of Bocas. There are no roads in the village, only a wide concrete path lined on both sides with brightly painted wooden houses, benefiting from a renovation and development programme. Purchasing this property allows you to obtain Panamanian residency!

This property includes a 3-storages owner's house which has a large mezzanine bedroom, 1 bathroom and a laundry room. The home faces Old Bank, offering stunning ocean views and breezes. The lower level of the house is used as a workshop and for the solar system. On the main level is the kitchen, bathroom and laundry room. The kitchen includes a large pantry with an AC unit for food storage. The whole floor is used for the bedroom and a TV lounge area. There is an additional toilet and sink in the upstairs loft for added convenience.

A rental income is possible thanks to the second house of 2 floors, with 2 bedrooms on the second floor. Each individual room has its own bathroom and a small loft that can accommodate up to 4 people. The downstairs space is used as a kitchen and dining room for guests. There is also an additional full bathroom which is separate from the guest house.

Owner's house has 840 square feet (about 85 m2, guest house: 1,560 square feet, (about 160 m2)

The land is bordered by a fence offering privacy. There is an additional covered bar and a seating area that can be converted into a small cafe for additional activity.

There is also a chicken coop for fresh eggs.

This property offers a mixed electrical configuration on the city network and autonomy. The 48v, 4000 watt solar system with new batteries (installed May 2023) is used for the fridge, internet router and lights. The city's electrical network is used for the 2 air conditioning systems in the main house. This means less dependence on the city grid and lower electricity bills! The rain catchment system is used for water supply with a capacity of 5,770 gallons, or more than 20,000 liters.

The lot is well maintained and you can find many types of tropical fruit trees and plants. There is ylang ylang, plumerias, biliba, turmeric, neem, bananas, pineapples and chilies among others.

This property would be perfect for a small tropical Caribbean BnB rental activity and enjoy your independent home.
Owner financing, 50% cash and 50% at one year maximum.