OWNER WILLING TO FINANCE WITH 50% DOWN TO QUALIFIED BUYERS
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 the Bocas del Toro archipelago, and it's known for its cool Caribbean vibe. There are no roads, only a wide concrete path lined of both sides with colorfully painted wooden houses. The project called "Beautification 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. Purchase of this property qualifies you for Panamanian permanent residency!
This property includes a 3 story owner's home that has a large loft bedroom, 1 bathroom, and a climate controlled utility room combined with a laundry room. The house is facing Old Bank, offering stunning ocean views and 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, bathroom and utility room. The owner did a fantastic job with the wood and tiling 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 a TV lounge area. There is an additional toilet and sink in the upstairs loft for convenience.
This property has 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 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 offers a fantastic on-grid and off-grid set up. The solar panels and batteries are used for the refrigerator, internet router, and lights. The On grid city electric is used for the 2 AC's in the main house. This means less reliance on the city grid! Rain catchment system is used for the water supply with a huge capacity of 5,770 gallons.
The lawn is beautifully manicured, and you can find many kinds of tropical fruit trees and plants that absolutely thrive here. There is ylang ylang, plumerias, biriba, turmeric, neem, bananas, pineapples, and chili peppers to name a few.
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, come join us and live the Bocas Lifestyle!