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Property Near Coronado Panama

Montesito : Río Hato, Panama

100 Acres
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Land Description

Since it has been permitted so long ago about 14 years the road has already been paved. cost about $800,000 and it's done and paid for.

All of the permits and clearances have been done and paid for, a process that has taken many years and cost $218,000 which we have the paperwork to prove and support. In addition the Environmental Approvals were $58,000. Ready TO Build ON Now.

The Development /Charette was created by a renowned International Architectural Firm called Ins.They are still a presence in Panama and have developed the high end shopping center in Coronado as well as other big projects thru-out Panama, The United States and South America. The cost for the development was $68,000 and would be Much more expensive if it were to be created and paid for at the current price/popularity of the region and the prestige of the firm.

The development/plan has a large section of land designated for a high rise overlooking the ocean, and also a view of the Calabasas River.

A big creek runs thru the development with a natural Geyser Spring that could very simply be developed to provide water for the entire project without pumping, but with some electricity.

There is ample space and sun to utilize solar energy panels, etc. to be energy efficient or self sufficient. In addition, a Turban might be able to also generate electricity if placed in the river.

The property is 100 acres. or 400,000 meters. It's very rare to find such a large piece of property so it's priced cheaper for so much land than it would be to buy multiple smaller parcels and try to work them together or have to pay for a duplication of services.

Property is close to Coronado, the new major airport in Rio Hato, a hospital and a golf course.

The weather is delightful, even at the hottest time of the year it's cooler than Panama City and is elevated so that there's a breeze.

More Land Details

MLS / Other ID
Posted on LANDFLIP
315 Days Ago
Last Updated
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