|Date added: 07/08/20||Lot size: 2.82 hectare||Status: RoP||Type: House Island Escape Vacation Rental|
A FABULOUS OPPORTUNITY FOR ISLAND VACATION RENTAL INVESTMENT
Designed to entertain and built for the good life, it’s always 5 o’clock on this dock. This property is actually made up of 3 segregated lots, with a multitude of buildings on 2.28 Hectares total. With all the best bells and whistles and parking space for all your water toys, this is the perfect vacation rental investment.
Five O’ clock dock is located on the Southern tip of Isla Solarte, and is an already well known landmark in Bocas Del Toro. It could easily be considered the best location of the archipelago for a few reasons :
The Southern tip of Solarte is where a channel connects the large Bay of Almirante to Bahia Honda, one of the most sheltered bays in the Archipelago. This channel gives you easy and fast boat access year round to Bocas or Bastimentos (10 min), but also to the most desired tourist attractions and hot spots (Red Frog, Coral Cay, Zapatillas Islands, Dolphin Bay). Despite the proximity of these locations, the remote island feel and privacy of the site has been entirely preserved.
Built by an experienced American Designer and Master Builder, this property is built to last and to generate Rental Income. The entire property is divided into 3 parcels.
- The ultra-comfortable main house with pool sits on .85 acres (valued at 450,000$ USD)
- The Island Bungalow with 2 bedrooms and separate Boat Entrance sits on .25 acres and provides a rental income (valued at 250,000$ USD)
- The beautiful elevated lot of 1.7 acres for further development or resale (estimated value 100,000$ USD).
This whole package, loaded with vacation rental investment potential, is listed for 750,000$, dividing the property is possible.
PROPERTY 1 – MAIN HOUSE and STUDIO CASITA
- .85 Acres
- 3 bedrooms/ 3.5 bathrooms
BEDS AND BATHS: a large master suite on the upper floor with 2 more large bedrooms below. Each bedroom has its own bathroom which all have huge custom tile showers. An additional 1/2 bath for guests is located in the laundry room.
KITCHEN: Large modern kitchen has beautiful white cedar cabinetry and a local hardwood island, a 6 burner propane stove, dishwasher and huge side by side energy saving refrigerator with ice maker.
INDOOR LIVING SPACE: The living room and laundry room are both spacious and on demand propane water heaters are throughout the home. Approx. 70% of the upper story exterior walls have huge custom cedar windows to take advantage of cool breezes, views and bringing the outdoors into the home.
OUTDOOR LIVING SPACE: A Large wrap around deck offers expansive views of the channel and Almirante Bay, the outdoor space includes an outdoor kitchen/bar area. Plenty of space to entertain. Broad 10’ overhangs allow for open air home even in rainy weather. Grounded galvanized metal roofing insulated against the suns heat.
POOL DECK: a beautiful 15’x 20’ – tiled swimming pool with a separate solar pool pump with a 5×8 hot tub all surrounded by large cement patio and decking with views. Rear work shop with lots of storage.
OFF-GRID SYSTEMS: Three water tanks providing 3750 gallons triple filtered water catchment with 1 hp pressure pump. For every inch of rain the catchment system collects 1800 gals of water. A new 7200 watt 48 volt Outback solar system. An 8 x 10 generator shed with 8 kw Briggs n Stratton propane powered generator and room for garden tools. Home is protected by automatic insect misting system providing undisturbed outdoor living. Easy access concrete pathways and treated wooden steps throughout the site.
OUTBUILDINGS: Four covered greenhouse style raised garden beds and a small chicken/hen house. There is 12’ deep mooring at the palapa and swim dock where there is electricity for sailboat anchoring. SUP board and kayak storage also on the dock. Two covered boat slips. One with a 3,000 lb boat lift and one with a 9000 lb. boat lift. Fresh water storage and a convenient 12 volt fresh water shower system at the dock for rinsing and washing. An 8×14 dock side Scuba bodega. On this same parcel there is a separate private studio casita, fully self contained with kitchen, laundry, bath/shower and storage area. A 2500 gal filtered water catchment, 1/2 hp pressure pump, demand water heater, UBC standard septic system, covered deck with Sunbrella weather curtains.This building houses the solar equipment and batteries and currently producing rental income.
PROPERTY 2 – THE ISLAND BUNGALOW
- 2 bedroom 2 1/2 bath
- .25 acre ROP
- 247,000$ USD
AMENITIES: Full modern kitchen with white cedar cabinets, 6 burner range, washer and dryer.
OUTDOOR SPACE: Huge deck with views of the calm waters in the channel, decks have Sunbrella weather curtains.
INDOOR LIVING SPACE: A comfy living room, an inside storage area,
OUTBUILDINGS: a 10×12 storage/work shop bodega. A covered boat dock conveniently located down a gentle meandering walkway where you can enjoy your own private white sand beach.
OFF GRID SYSTEMS New Outback 3600 watt 48volt solar system. U.S. standard septic system. 2500 gal filtered water catchment with 1 hp pressure pump with on demand water heaters.
DEVELOPENT POTENTIAL: Property is a private setting with room to add on out the back or the front of the building. Perfect spot over looking the cut to install a personal swimming pool.Currently producing rental income
PROPERTY 3 – BUILDING PARCEL
- 1.7 Hectares
- 65,000$ USD
LAND: surveyed parcel with beautiful 10 mile views towards Isla San Cristobal and Almirante. The property is elevated into the cool ocean breezes and groomed as a tropical park with several coconut palms bordering the perimeter. Many hardwoods provide soothing shade.
BUILDING SITES: Features a large/private building site as well a private knoll perfect for an additional studio casita.
ACCESS: Easy access thru shallow mangrove to install dock with 10’ to 12’ deep waters in a protected cove perfect for the mooring of sailing vessels.
If you dream of the island life but are looking to invest in a property that will support you, find more opportunities like the ‘5 O’clock Dock Vacation Rental Investment’ on Roots Real Estate Panama’s Commercial page.
View on map / Neighborhood
- boat lift
- full kitchen
- fully furnished
- outdoor kitchen
- rain water collection
- solar system
- proximity to beach
- proximity to national park
- rental income