Old Bank, Isla Bastimentos, Bastimentos, Bocas del Toro, 00000
This home is located just a short walk up the hill from the main dock on Isla Bastimentos, only a 10 minute water-taxi ride from the town of Bocas. Old Bank is the second largest town in Bocas del Toro archipelago and it's known for its Caribbean vibe. There are no roads, only a wide concrete path lined of both sides with colorfully painted wooden houses. The project called "Beatification of Afro-Caribbean architecture" is currently being developed by the Panamanian Foundation for Sustainable Tourism with the plan to improve the look of Old Bank town to make it even more attractive for tourists. This is the time to invest in this area before the prices increase.
This property includes owner's home which is 3-story and comes with 1 bedroom, 1 bath, and a large closet room combined with a laundry room. The house is facing Old Bank, offering stunning ocean views and ocean breezes. The bottom level of the house is utilized as a workshop and for the solar system storage. On the main level is the kitchen and the main bathroom. The owner did a fantastic wood and tiling job throughout the house. The kitchen includes a large pantry with an AC unit which is a clever idea for food storage in the tropical climate. The entire upstairs area is used for the bedroom and entertainment and it's being accessed by walking up a beautiful spiral staircase. Additional toilet and sink have been installed in the upstairs space.
This property has a rental income potential! There is an additional 2-story building with 2 rooms on the second floor. Each individual room comes with its own bathroom and a small loft that can accommodate up to 4 people. Downstairs space is utilized as the kitchen and the dining room area for guests. There is also an additional full bathroom that is separate from the guest house.
Owner's home: 840 SqFt
Guest house: 1,560 SqFt
Even though close to town, this property gives you a sense of privacy with the tall fencing surrounding the land. There is an additional covered bar and seating area with a potential to be turned into a small cafe.
In addition, the owner has built couple of chicken coops for a daily supply of amazing organic eggs.
This property is kind of unique as it offers both on-grid and off-grid set up. Rain catchment system is used for the water supply with the capacity of 5,770 gallons.
The lawn is beautifully manicured and you can find many different kinds of tropical fruit trees and plants that absolutely thrive here.
Ready to move to paradise and generate income while living there? Bocas del Toro is becoming more and more popular for expats. Don't miss your opportunity and come join us in living the Bocas Lifestyle!