New Condos at Unique Caribbean Oceanfront Resort and Marina in Panama
Property Group: Residential
Property Type: Condominium
Built: 2008
Waste System: Sewer
Owner Financing: YES
Price: US$ 383,580 For Sale
Location: Oceanfront Resort
Nearest City: Colon
Living area: 111.23 sq/m
Bedrooms: 1
Bathrooms: 1
Living Rooms: 1

For further details contact
John Wallace
143 Longview Drive
Chatham, 12037, NY
United States
Phone: +1-518-392-7062
Fax: +1-877-875-5704

BP-173 (ID-475)

Province/Town: Colon
Exact Location: Caribbean
Type: Beach Condo
Transaction Type: Sale
Sale Price: $383,580.00
Sale Price Terms: Starts at

White sandy beaches, turquoise clear waters, and countless recreational activities. Sound appealing?

Welcome to the finest and most unique Caribbean condo resort and marina. This project is only 80 minutes away from Panama City and 5 minutes from the beautiful beaches of Portobelo.

This spectacular development will consist of:

18 Bungalows situated on the reef with 64 bedrooms & suites.

Two 5 floor Apart-Hotel Buildings with 64 one and two Bedroom suites with one underground parking space per apartment. 28 Bedrooms and 6 commercial units.

The condo hotel distribution will be as follows:

4 two bedroom 163.75 m2 Penthouse apartments

6 two bedroom 160.06 m2 Penthouse apartments

14 two bedroom 117.10 m2 Luxury suites apartments

22 One bedroom 111.23 m2 Luxury suites apartments

18 two bedroom 97.96 m2 Suites apartments

On its spectacular beach, the resort will have a Marina with 20 Moorings, Restaurants, Swimming Pool, Beach Bar and Spa. It will offer all kind of activities including first class diving and sport-fishing.

The development will be built as a turnkey project fully furnished and prepared for the Hotel Operator. All of the above to be managed independently by the proprietors under the umbrella of the Condo Hotel if the investor so wishes. The profit sharing of the 128 apartments in the investment pool will be distributed in proportion to each investor after annual expenses. The calculations are based on an annual occupancy level of 100% and 60%. Rental will be 48 weeks annually, which leaves 4 weeks to be used by the investor.

70% owner financing is available.

Jump on a plane and come grab a piece of paradise!

Email for additional information.

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