• $575,000

PRICE REDUCTION on November 1st 2023! Down from $650,000 USD

This is a truly unique beachfront property located in beautiful Playa Corona, just 20 kilometers west of Coronado. Playa Corona is home to a quaint beachfront neighborhood and a mix of Panamanians and expats/foreigners. The long white sand beach is also host to some great surfing. There is plenty of infrastructure, amenities, and attractions nearby as the InterAmerican highway is only a short drive from the beach.

This property is held in the name of a clean, lien free, good standing Panamanian corporation used by the owners for the purpose of holding ownership of this property only. Sale of the property can be made by transferring the property into the name or company name of buyer’s choosing, or by transferring the corporation and its asset (THE PROPERTY) to the name(s) of the buyer’s choosing.

The property itself is a 1,100 m2 compound consisting of the following:

Principal House
    200m2 single story.
    2 bedroom/2.5 baths

A 50m2 PRIVATE APARTMENT under same roof (Newer construction)   Fully self-contained loft design with kitchen, full bath and private office.  Office, sleeping space, living room and kitchen all with great ocean views.

    Deposito (for 2 cars) with laundry
    Large ocean facing terrace

Seawall: 
    Massive reinforced poured concrete seawall at lower end of property.   This professionally engineered and  
    constructed seawall is the largest and strongest of all residential properties on the Playa Corona.

Casitas

 Casita del Mar 
       Located at the Seawall
       Single story-open loft design at the Seawall
       Interior ~50m2 with ~50m2 terrace balcony cantilevered over seawall.
       Kitchen fully equipped, full bath, queen-size bed, sofa bed, fully furnished.
       Recent construction 2016
       A/C, utility area with tinas, calentador for hotwater, propane tank
       Sliding glass doors 24 linear feet open to ocean views
       Internet high-speed and cable

 Casita del Sol
        Location on hillside close to the Seawall
        Single story-open loft design
        Interior ~50m2 with ~50m2 terrace balcony
        Kitchen fully equipped, full bath, queen-size bed, sofa bed, fully furnished.
       Recent construction 2016
       A/C, utility area with tinas, calentador for hotwater, propane tank
       Sliding glass doors 16 linear feet open to ocean views.
       Internet high-speed and cable

In addition . . .
   Access to beach sand from property in seconds through secure seawall door
   The casitas have been utilized primarily for short-term vacation rentals.   

Other:
Water source:  Well on property created 2017.  Twelve gallons/minute.  Water also provided by the Municipal of Corona.
Water storage (tanks x 3)  870 gallons.  Pressurized system for house and casitas
Septic systems x 2   Recent construction
Third apartment with kitchen under roof of Principal house  for option of 3rd rental.  
High speed Internet and cable to house and casitas.  
Electric submeters for the 2 casitas and for in-house apartment.