Put Your Beach Bungalow(s) Here

Live the life of Riley.

You can afford to with this screaming deal: 

Only $29K for 84′ of beachfront.

Get a toe hold on beautiful beachfront  – at a price you can afford.

This beachfront property is a fabulous spot to build a beach bungalow.

For only $29,500, you can hardly go wrong.

You’re not paying for any fat — just pure “filet mignon” beachfront.

It is flat and level and ready for construction, or even a trailer.

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Why Live Here

• Walk and swim at the beach every day.
• Enjoys views of Mt Baru and Punta Burica
• Refreshing ocean breezes
• Ocean views.
• Grocery store & restaurants on a 4 minute walk away.
• Downtown Puerto Armuelles 15 minute walk away.
• Strong investment upside.
• Flat and level and ready for construction, or even a trailer.
• Builders available to build your beach home

 Property Details

• 84 linear feet of beachfront
• Lot is a total of 5000 square feet (465 sq. meters)
• All utilities on site
• One of the lowest price beach front lot in Puerto
• Ready for construction
• Flat property with easy access

Great Location

The property is in the San Vicente neighborhood of Puerto Armuelles Panama.

The property is in town, but in a quiet little “eddy” off the main flow. Close to services, including restaurants and stores.

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Titled

This land is titled.  It was titled many years ago by the bank Morgan & Morgan.  This is good news.

If this were a right of possession (ROP) property, as a foreigner, you could not title it.  That is because foreigners are not allowed to own titled land within 10 kilometers of the border. And this property is less than 10 kilometers from the Costa Rica border.  (Find out about the Panama 10K rule here.)

But because the property is already titled, it is fully and completely legal for a foreigner to have the title transferred into their name.  As I said good news.

Morgan & Morgan long ago abandoned its ownership of this and other properties in San Vicente.

This land is titled.  It was titled many years ago by the bank Morgan & Morgan.  This is good news.

Because it allows you, as a foreigner, to own titled land within 10 kilometers of the border.  In Panama, foreigners are not allowed to title land within 10 kilometers of the border. But if the land is already titled, foreigners are allowed to own it and get the title transferred into their name. (note:  This property is less than 10 kilometers from the Costa Rica border.)  Find out about the Panama 10K rule here.

But because this property is already titled, it is fully and completely legal for a foreigner to have the title transferred into their name. As I said good news.

However, we are selling this property to you as an ROP property, just as it and all the beachfront properties in the San Vicente neighborhood have been bought and sold for generations. If you choose to, you can get the title transferred into your name. Your lawyer can handle this that transaction for you. 

If you want the title of this property in your name it is a simple matter to transfer the title from Morgan & Morgan to your name.  It is an optional step.  If you want to do it, your lawyer can handle this whole transaction for you. Others have done this easily and successfully before.

Much like getting a property titled for the first time, there is a cost involved.  It is similar to what it would cost to title an ROP property, if you, as a foreigner, were allowed to do so in this location.

Property Tax Exempt

Another piece of good news is that this property will soon be exempt from property taxes.

On October 18, 2017, Panama passed a huge Property tax reform.  Starting in Jan. 2019, you will own zero property taxes on your primary home if you bought it for under $120,000.

So this property would be tax-exempt. (Assuming it is your primary residence in Panama).

You can find out more about 2017 Panama property tax reform here. 

Expat Community

Another bonus for this location is that it is close to at least 2 weekly expat gatherings.

This property is only a 3 to 10-minute stroll from the restaurants or hotels at which these expat gatherings take place.

Puerto Armuelles – A Charming Beach Town

This property is in the charming & unique beach town of Puerto Armuelles.

“Puerto” is a wonderful place to live. It is an ideal place to enjoy a relaxing beach lifestyle and retirement.

About Puerto Armuelles

• Puerto has a real sense of place
• Located right on the Pacific Ocean
• Historic town. Built by Chiquita Banana, starting in the late 1920s
• 2nd largest town in the popular Chiriqui Province.
• Everything you need, right in town

Although it is not yet a tourist destination, Puerto has features to attract recreational visitors, as well as retirees.

• Horseback riding on the beach or in the hills
• Surfing, stand up paddle boarding, or sea kayaking
• Walks on the beach
• Growing number of weekly expat get-togethers
• Volunteer to teach English at local University and schools
• Help with local volunteer spay & neuter animal clinic
• Fishing (there is even a fishing lodge 30 mins away, Hooked on Panama)
• Feed the monkeys at Mono Feliz (about an hour drive away on Punta Burica)
• Help with turtle rescue at Tigre Salvaje (40 min walk past Mono Feliz on Punta Burica)
• Whale watching in season
• Day trips to Boquete, Volcan or Boca Chica
• Bocas del Toro is only a 5-hour drive away and makes for a fun weekend trip
• River rafting opportunities and more nearby

Puerto Armuelles is a place where you can easily create a happy and relaxed life.

Come visit us in Puerto, and see if you agree with us.

Interested?

If this property interests you, catch a plane to Panama.

Check out the property, town, and Panama.

This is the only way you will ever find out if is a good fit for you.

Please try to give me a heads up about when you are coming to Puerto Armuelles. That way we can set aside some out time to meet you. We enjoy giving people tours of property and town.

We love Puerto Armuelles, and you very well might love it too.

Next Steps

I recommend that you do the following:

1. Contact us to schedule a tour of the property and the town
2. If you don’t already know if Panama is right for you, take our brief “Will I Be Happy in Panama” quiz. The quiz provides a glimpse into the various challenges you may experience in Panama.
3. Explore our site to learn more about Puerto Armuelles and get other FAQs answered

Keep in mind, that you really should spend some time living in Panama before you buy property.  You need to make sure Panama (and Puerto Armuelles) is a good fit for you before making a commitment to buy property.

Financing + Air Fare Bonus

We even sweeten the deal in 2 ways:

1) If you buy one of our properties, we will pay your airfare you spent to get to Panama. 

2) We offer to finance on many of our properties. Since it can be hard & time consuming for individual foreigners to qualify for a bank mortgage this is a great perk. Click for details of our financing and airfare bonus

Discover 10 good reasons to buy from us.

Even if you don’t buy from us, we are always available to answer your questions.

We want to help you be happy in Panama.

Price

A world-class bargain of a beachfront lot for only $29,500

Please contact us if you have any questions.

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Property Summary

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Learn about the “6 Steps to Buy Property in Panama”.

Explore more beach property in Puerto Armuelles.

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