FOR SALE, REDUCED !!! $599,900 - House
High End Beachfront Home and Apt on the Ocean, 20 minutes from Panama City
This is your opportunity to live a luxury lifestyle on the ocean in a warm tropical country, and have income too. This Ocean front home has an income producing apt and the immediate potential to produce even more income if used as a B&B, or yoga/health retreat.
This ocean front home for sale in Majagual, Panama has been totally renovated to include a brand new kitchen, new floor tile, lots of new finishes. The kitchen has granite counter tops and Italian cabinets and a spacious and open floor plan that makes living and entertaining a pleasure. From the kitchen, dining room and living room the ocean views are just spectacular. The home includes one bedroom with full bathroom downstairs, 3 more bedrooms with full bathrooms upstairs, plus an office room and laundry room. The master bedroom is very large and has plenty of closet space. The entire home includes window screens so that you can keep the fresh breeze coming in year round.
This is currently an income producing property because the entire third story, over 219 square meters (2200 sq ft) is an apartment that is being used as a vacation rental. The apartment has 2 bedrooms with 3 full bathrooms, a large kitchen, dining room, living room, and even its own maid’s quarters. It´s perfect to rent out to make some extra income or just invite friends and family to stay while enjoying their own privacy. The apartment has a separate entry drive with gate and covered parking.
Need more income? With no remodeling, the house could be turned into B&B Rent it all, or live in the apt and rent the five bedrooms of the house as a B&B. With the employee rooms/baths the entire place has a total of 10 bedrooms, 10 baths.
The lot is approx 2198.06 sq meters and is plumbed with auto sprinklers for your convenience The front courtyard with electric gate is covered with Japanese grass that feels like walking on carpet, there are trees providing plenty of shade. . The swimming pool is a salt chlorination type, and just 5 years old. During low tide, you can walk and explore over 1 kilometer and as high tide approaches the seawall, the sound of the ocean is so clear it would be easy to fall asleep in a hammock or a chair by the sea.
Don’t know the Majagual area yet? Then you don’t know that it’s less than 25 minutes from downtown Panama City and is a quite enclave on the Pacific Ocean and one area that’s poised for MAJOR appreciation. There are talks of a marina going in right around the corner, and major developers are already VERY MUCH in the area, including the Playa Bonita and Panama Pacifico projects.