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This incredible exotic property is located on the northwest side of the island Taboga, located just offshore of Panama City. This island maintains a small population (which will no doubt grow in the future as the island develops) but sees a huge influx of tourism throughout the dry season (December-April) and a stream of visitors throughout the rest of the year especially during holiday periods. The island has a ferry port where local ferries arrive and depart multiple times a day transporting residents and tourists. The majority of the island is covered in lush virgin jungle, with the small but colorful town concentrated on the East side of the island. The island has an electrical plant as well as a desalinization plant which provide the electricity and water on the island for those who dont have solar power or a groundwell on their property.
This property is located approx 15 minutes from town, up on the hillside amidst the exotic trees. There is road access to a certain point, from which the “servidumbre” or public access roads gives access directly to the property. A vehicle access road can legally be made along this “servidumbre” route granting vehicle access directly to the property. The property consists of some areas which are more steep and better left alone as natural green areas, and other portions of the property which are more level or mellow in elevation and would be excellent for development. A large number of beautiful views from different points of the property looking out towards the ocean and the coast of Panama. Perhaps one of the most interesting points to mention about this property is its extremely close proximity to a new development set to begin next year 2020, which will include a large residential development as well as a yacht marina. This will drastically change the values of the properties nearby, and will bring alot of attention, investment, and infrastructure to this back side of the island.
This is an excellent property for the investor with a keen eye for the future and the potential which it holds.