An appraisal was conducted in December 2010 by Panamericana de Avaluos highlighting two important values: (1) A market value of $230,000; and (2) A quick sale price of $200,000. With the expectation of finding a qualified buyer in the next 3 months, the asking price has been set 10% below the appraised quick sale price.
While Panama offers a choice of two oceans, many people will prefer the Caribbean for its crystal clear blue waters, minimal tides, rich history, and distinct culture. If you agree - then it will be worth checking out San Marino Ocean Front. Located along the coastline of Colon in an area known as Costa Arriba, just 10 minutes away from the ruins of the famous old Spanish fortified city of Portobelo.
Visit our Destination Colon Province section for a more detailed description of San Marino Ocean Front complete with over 90 photos of the neighborhood and homes.
Additional Info: Built in 2005, 108 lots, 40 homes, gated community, 24 hour security, marina with breakwater, boat ramp, clubhouse with swimming pool overlooking the ocean, gazebos, barbecue, bar area for residents, ocean and mountain views, monthly maintenance: $100/month includes water, garbage removal, and security.