Los Molinos Segovia Condo For Sale – Only $179,000


News from Panama / Friday, July 24th, 2020

This beautiful condo is located in Los Molinos and it has one of the best views.  Numerous windows insure a lot of natural light. Consisting of over 1,300 square feet it has a master suite with en suite bath and a guest bedroom along with a guest bathroom.

The living room is huge and very nicely furnished.  It open to the large kitchen which has a large granite island.

All appliances are stainless steel, counter tops are granite and cabinets and doors are done in beautiful natural hardwoods. Step outside to a spacious balcony with incredible views across the canyon to a magnificent waterfall.

The master suite is large and comfortable with the en suite bath that has a double granite vanity

   

This condo association consists on 12 units within 3 buildings and is well maintained.  There is a common area pool and gazebo just outside the Sergovia building.  The unit also has a covered parking space.

Click on the following picture for an aerial video

Monthly condo fee is $230.  Of the $230, $95 goes to the HOA of Los Molinos for security and common area maintenance.  The balance is for gas service to each unit, building and grounds maintenance and a full time employee who keeps the property in excellent condition.  For $40 per month you have the use of the new gym and on site tennis courts. This includes a $30 credit that can be used in the restaurant and spa.    Los Molinos is a mature community with a hotel and restaurant, underground utilities and wide roads.  It is gated and the Segovia is situated near the guard gate.

If you are interested and need more than 2 bedrooms, the adjoining unit is owned by the Seller and is also available for sale.  It could be connected and enjoyed as a 4 bedroom 4 bath complex or rented out for income.  Both units are fully furnished.  One is held in a Foundation and can be easily transferred to the new owner.  In Panama, a Foundation insure two important things. First, it limits the liability to the owner and second, it provides for direct ownership assignment to an heir avoiding any probate.  This price of $179,000 is much lower than other units that are for sale for $215,000 and $225,000.

This is a must see property and it is aggressively priced for immediate sale for only $179,000.

See the slide show with all the pictures here

See a little more on Los Molinos in the following video.

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