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Caribbean 3 Bedroom Home - $180,000

Caribbean 3 Bedroom Home - $180,000

One level home with approximately 651m2 of land and 284m2 of construction area available for sale in Portobelo, Colon with 3 bedrooms, 2 bathrooms, 1 studio, kitchen (with wood cabinet upgrades), laundry room, service bed/bath, living / dining room, 2 terraces, backyard area, 2 car covered garage, and 2 septic tanks, located less than 1 hour from Panama City via the Corredor Norte highway.

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.

Contact Form :: Contactenos

Additional Info

  • Status:: Active > For Sale
  • Property Type:: Homes > Beach
  • ID#:: 1301
  • Price Per M2:: $276
  • Province:: Colon
  • Location:: Costa Arriba, Portobelo
  • Lot Size:: 651m2 / 6,965 sqft
  • Size:: 284m2 / 3,038 sqft
  • Views:: Mountain & Sea Views
  • Bedrooms:: 3
  • Bathrooms:: 2
  • Parking:: 2
  • Rent Price:: N/A
  • Sale Price:: $180,000
Read 10120 times Last modified on Wednesday, 14 August 2013 18:00