Well located just 3.5km from the town of Penenome - great property for development.
TEAK TREES dot this property - enhancing this investment.
Large lots - 2.5 acres and larger
Penonome investment Lots
Timber estates
The Timber estate lots near Penonome are created with a long term view of the increasing value of real estate in Panama and are planted in teak giving them 2 factors that will increase their value over time. A prime location for future development. Located on the main road to La Pintada which is being extended to the Caribbean cost and located only 5 km for the main Pan-American intercontinental highway and 3.5 km form the fast growing town of Penonome. This project today has paved road access to the main project and city electric and water on the main road in front of the project. With a second dirt road access to the back of the project and dirt roads within the project. It is located adjacent to a small community with a connivance store and bus stop. This is an excellent investment because do you get land value appreciation, and there is also managed teak growing on the lot which almost guarantees a value growth of the investment. In the end the timber can be harvested and the lots resold for development at a much appreciated price. There is limited availability of these lots now available at $3.50 per m2 which allows you to get into a small land investment in a lot selling at the price of raw land in the area and they are planted with teak with a 25 year management contract as an extra bonus. The large lots have building areas and views to the near by mountains.
Located close to a spa hotel that boasts bookings for the next two years, this property is actually a better location with more expansive views of the mountains.
The hotel is situated on a 2.7 hectare lot at the entrance to a 200 hectare master planned development. This lot has river frontage with a large bohio overlooking it.
The 8 rooms have hot water and A/C and there is Satellite TV in the bohio and in one room to date. There is a fully equipped modern kitchen ready for use.
The constructed area is 380m2.
The lot is a fully titled finca.
The hotel has never been operational since completion as owner was otherwise occupied with developing the adjoining property.
Great potential for spa type boutique hotel
Owner has a contract for weekly horseback tours with major Hotel in the area - this could be expanded.
MIDPOINT VILLAS, GOLF & MARINA: Twice the experience, half the price MIDPOINT is a private, gated golf community located in Penonome, capital of the province of Cocle, the geographical center of the Republic of Panama.
This community was designed especially for those who enjoy nature and the comfort of urban life. Our project combines a number of unique amenities at the best prices available, the best value alternative in this category .
MIDPOINT VILLAS, GOLF & MARINA offer 3 beautiful designed villas with spacious floor plans and meticulously maintained grounds, all just a brief stroll from the first tee of the 9 hole course.