Titled Waterfront Home on Isla Bastimentos, Panama

Old Bank Bastimentos 00000 Bocas del Toro Panama

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* FOR SALE

$200,000

MLS: 60002-21118

2390. SqFt

1,200 SqFt

2 beds

2.0 baths

What You Should Know

  • Titled

  • Waterfront Home

  • Open Floor Plan

  • Close to Beaches

  • Sunset and Mountain Views

  • Affordable

  • Generate Rental Income

  • Private Dock

Why You'll Love It

The Bastimentos Town of Old Bank has its own special cool vibe compared to other real estate in Bocas del Toro. It was originally populated with people from Jamaica who worked for the banana company. The music has a Bob Marley reggae feel and the ex-pats who buy here are down-home people, able to see the potential of this place and buy early for the now low prices.

Ready for showings, this coastal home is clean and spacious and was remodeled in 2018. The waterfront home boasts a modern, open floorplan, vaulted ceilings, 2 bedrooms, 2 baths with a private boat dock. It has refinished wood floors, newer appliances, new wiring, new plumbing, windows, and roof.

This home can be a very comfortable home to live in, rent, or expand. There is a small back porch with a laundry room that leads to the walking path that goes through Basti Town where you can find great restaurants, grocery stores, and the path to Wizard Beach where the surf is. The property lends itself to a live-work situation where you could provide much-needed services for the community. You could also build over the sea with the proper permits.

The property comes with a dock. But if you don't want to have a boat, a water taxi to Bocas Town for $3 is an option. You can sit in your front yard and enjoy the spectacular views of Bastimentos Bay, Bocas Town, and Isla Solarte as well as watch the sunset over the mainland mountains. You are 5 minutes by boat from the entry to Red Frog Beach, one of the most popular beaches in Bocas del Toro Archipelago.

The home is titled, on-grid electric and city water and there is an extra storage tank for rainwater as well. If your plan is to obtain residency in Panama, this purchase could qualify you and your spouse for the Friendly Nations Visa!

If you like small-town living, set your showing up now with Abram Akradi.

Where You'll Find It

  • Street Address: Old Bank
  • City: Bastimentos
  • Province: Bocas del Toro

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Abram Akradi

Property Relocation Expert