Tropical Renovation Project

Coco Key, Isla Cristobal, Bocas del Toro, Panama
$ 160,000.00
USD

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Quick Info

Date added: 12/18/20 Bedrooms: 3 Bathrooms: 2 Floors: 3
Area: 603 m² Lot size: 1 hectare Status: Type:

Description

TROPICAL RENOVATION PROJECT, COCO KEY

Only a 10 minute boat ride from Bocas Town on Isla Colon, this off-grid project has beautiful bones, and potential for a spacious home or a stack of apartments with epic tropical views.

 

THE BUILDINGS

The mammoth structure sits up high on the crest of the property, facing north with sweeping views of the bay between Coco Key on Isla Cristobal and the Bocas Town peninsula of Isla Colon. Surrounded by flowering shrubs and hummingbirds this home is ready to be refurbished into the paradise it was 2 years ago.

The 6480 square foot home includes 640 square feet of outdoor living space and was previously used as a single family compound, the original plans were designed for a B&B, hostel or guest house and were drawn to include 11 rooms. The home is built entirely of hard wood, and though in need of repair, has held much of its value through its materials. The polished dark hardwood is a beautiful contrast against the bright greens and blues of the Caribbean. Note that the interior pictures of the Tropical Renovation Project are not recent, though the drone photos are.

The Tropical Renovation project has access to internet service and is already set up with solar/generator, water tanks, a water well and a workshop area.

THE LAND

Beautiful coral reefs are in front of the property for excellent snorkeling. There is a private boat dock where the 70 step path begins to the house, a 4 wheeler track could be built for faster access. The property is a wonderland of fruits from lemon, avocado, guava, mango, guanabana, bananas, coconuts and pineapples.

 

THE DREAM

The Tropical Renovation Project is perfect for the private family dwelling:

Lots of space for a big family! This home is close to the entertainment of town and the beaches of Bocas del Toro.

The Tropical Renovation Project is perfect for a flip:

For the handy people out there, looking for a tropical renovation opportunity, this property has a lot of potential.

The Tropical Renovation Project is perfect for Vacation Rentals:

Originally planned to have 11 rooms, the shell of a hotel is up and ready for completion with much of the infrastructure already in place.

The Tropical Renovation Project is perfect for an off grid apartment complex:

3 large floors, each with lots of private outdoor space, make the bones of this structure appealing for the development of longer term rentals.

View on map / Neighborhood

Amenities

  • back up generator
  • dock
  • rain water collection
  • solar system
  • storage
  • wifi
  • workshop

Features

  • coral reef
  • garden
  • island
  • jungle view
  • ocean view
  • proximity to town
  • sweet water source
  • waterfront
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