Owner just reduced as he is building another beach house! This much improved titled lot is located by the fresh water creek in Paunch. The owner raised the elevation on this lot substantially with “Tosca” fill, which is a mixture of clay and crushed limestone. Drainage was implemented, then “gavions” retaining walls were added for erosion control, which are wire cages with football and baseball sized smooth river rock. A considerable amount of funds were spent to make the lot perfect for building structures that will overlook the ocean.
Currently there is a 8ft by 20ft storage container with a roof over it, which will come in handy while building. A big plus is that the property is on the city electric grid and water line. The lot is fenced and some breadfruit trees are producing on the property, as are coconut trees and other tropical foliage. This is a special property where you can build your dream beach house or your dream business located by the best surf area of Bocas and next to a white sandy beach at 850 mt2. The property is titled and is in a Panamanian corporation for ease of transfer. The Titled lot is 817.51 meters square which is about 1/5th of an acre. There are very few oceanfront lots left and this is one of the best! Take advantage of the price drop now. This lot will sell at this price, hurry!