Beautiful Pool Home in Los Molinos – Huge Price Reduction!!


News from Panama / Monday, March 16th, 2020

Asking  $459,000  $389,000 

This home is one of the finest in Los Molinos.  With over 4,100 square feet of living area there are 4 bedrooms and 3 and a half baths including a maids quarters, double car garage and huge living room and kitchen.

 

Take a fly by the home here.  

Take a flight around Los Molinos

 

 

Outside, the pool beckons.  It has a built in jacuzzi.

The pool is also huge and sits on the back of the large lot of over one half an acre.

 

There is also a one bedroom, one bath casista with a kitchen in the rear yard that backs up to a seasonal creek.

The casita rents for $500 per month and provides income for the owner.  He offers the use of the pool, the gym facility at Los Molinos and a very private environment.

The master bedroom is located on the ground floor and is spacious.  There is an en suite bath and shower with walk in closets as well.

 

There are two guest bedrooms upstairs each have balconies and are bright and airy.

They share another bathroom.

The owner was a luxury home builder in Bel Aire and modified the “Trinidad” model, supervising the construction daily to insure that the home was built correctly and it is of sound construction, all concrete and steel with a decorative tile roof.  Built in 2009, the home has a real estate tax exoneration on the improvements until 2029.  The lot is registered for $79,434 and the real estate tax on the land is $87.48 on a quarterly basis.  There is a professional appraisal by CETSA that shows a replacement value on the construction of over $600,000.  Lots are valued at $75 per square meter for another $192,000.

We are asking $389,000 for the home and it is held in a foundation which can be acquired, preserving the low registry value of only $188,591.  As a primary residence, the home would have a taxable base of $68,591 and annual real estate taxes of only $342.95 beginning in 2030.

In summary:

– Tax exemption until 2029;

– Open floor plan;

– 4 Bedrooms/ 3 1/2 Baths;

– Separate Maids Quarters;

– Private, quite and clean;
– Pool and hot tub;
– Access to gym, restaurant, and spa facilities;

– Separate Casita (1 bedroom/1 bath);

– Backs up to a creek;
– 2 Car Garage and extra off street parking;

– Partial furnished;

– Built in cabinets/closets;

– Irrigation System; and

– Private patio areas.

The concept of luxury at Hacienda Los Molinos takes on a different dimension in an environment of relaxation with the best options and support service, including:

  • Complete underground  infrastructure including access roads, landscaping, and lightening and excellent infrastructure quality.
  • Gated community with private security covering the entire project, 24/7.
  • Excellent David-Boquete highway. The trip to David takes only 15 minutes.  Bajo Boquete takes only 10 minutes.
  • Sports and recreation areas for children and adults, including swimming pool, spa, gym, an entertainment lounge and a tennis court.
  • Multiple options for outdoor activities including walking, hiking, bird watching, horseback riding, outings to the river and the waterfalls.
  • Clubhouse / Hotel Los Molinos – Restaurant, catering services, cooking lessons, among others.
  • There are lakes, ecological trails, beautiful panoramic scenery, parks, green areas and much more.

More on Los Molinos here

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