This 51-acre finca, with 360-degree views from several points, is a great value at 95 cents per meter, just 7 km from the Vista Mar Resort (golf, million-dollar homes) and approx 10 Km (7 miles) from the conveniences of Coronado.
This land is fully titled and features a year-round stream and views to the Pacific Ocean, with a great "big sky" feeling. It also has a good internal road system. Other pluses: good cellphone reception and piped water supply from a community well, and at least two "nacimientos" or natural water sources.
Unlike most fincas in this price range, the road access is very good; all year round, a regular 2-wheel drive car gets you up the somewhat bumpy dirt road from the Interamericana highway to the driveway, up the driveway and into the finca, and through the finca's approximately 1.5 kilometers of internal roads. You can drive all over the finca, and take advantage of a basic concrete bridge spanning the stream. Electricity also runs right to the driveway.
The driveway is a permanent private easement road, plenty wide for trucks and your future usage. The finca, which is higher than much of the surrounding farmland, features three elevated bluffs that make it a great candidate to subdivide into three ranches of about 17 acres each, each likely to be worth $100,000 in today's market.
If you are development minded and plan to subdivide into three fincas for resale, take note that without any permit process, each of your buyers is allowed to subdivide their 7 hectares into three large view homesites so there is an excellent profit incentive for them built into the purchase.
Development is beginning this area, which by car is just about 1 hour 15 minutes from Panama City. Anything under $1/meter is being snapped up. Once the dirt road is paved (and the government will get to it, because there are many local families living along the road) the value of this finca should jump significantly.
For more information: developer@jade-coast.com
