Caribbean Development Potential - $10.8mm

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Caribbean Development Potential - $10.8mm

Located less than a 3 hour drive from the thriving metropolis of Panama City; on the crystal clear waters of the Caribbean. Over the course of 5 years, 9 bordering pieces were acquired from beach to main road totaling 216 hectares + 0173.66m2 (533.79 acres). The 9 pieces are titled (verifiable through the public registry in Panama City), with approximately 16 HAS of beach front currently in rights of possession, requested for purchase (ie: a title request) in 2004 under the name of a Panamanian Corporation. The granting of title on the beach front is pending.

The property has approximately 1.2km (3,937 feet) of sandy beach and approximately 35m+ (114 feet) of main asphalted road frontage. The beach is a beautiful cove with natural coral formations that protect it from erosion and provide a calm water experience with limited tidal changes. Of the 1.2 km of beach front, approximately 40% is direct to the water access, with the balance a mixture of non-direct to water access composed of coral and mangrove. The property is designated as a low density, coastal tourist zone (see addendum).

Panoramic View: