This property consists of the Rights of Possession to approximately 6 hectares or roughly 15 acres of coastal property near the town of Quebrada de Piedra in the Chiriqui province of Panama. The site is situated at the entrance to a large estuary system where there is a Government Naval Base. There is extensive ocean front and calm protected bay waters on the other side of the point of this peninsula. Located just an hour and a half from the City of David, access to the Punta is a five minute boat ride from the dock at a nearby sport fishing lodge. Plans have been approved for a pier and floating dock to accommodate a medium to large yacht. The property has a good supply of water and a full time caretaker. A lot of time and money has been invested to insure possession and the property has been well maintained including the planting of hundreds of fruit trees. There is an application in place for titling the property to within 22 meters of the high tide line. The net area consists of 5.7175 hectares or 14.5 acres. It has over a half a mile of ocean frontage, quite a bit for a tract this size as it is the tip of the peninsula. Similar sized ocean tracts have 300 to 400 feet. The buildable sites stretch over 1621 feet of westerly “Malibu” sunset views with the top tier at 300 feet.
From here you can look back down the other side of the hill and see the gently sloping topography which leads down to the flat land on the protected bay area.
The incredible 270 degrees views from the top are looking out to the islands in the Pacific down the beaches from Las Lajas to Boca Chica and back to the mountains.
SITE MAP
GOOGLE EARTH AERIAL
In much the same fashion as neighboring Costa Rica, Panama is emerging now as a prime destination for North American and European tourists including those seeking second homes or retirement alternatives. International tourism has more than doubled since 1994 to over 1,000,000 visits per year. Even during the downturn, in 2009 an additional 5 % increase occurred. Last year it was estimated that close to 1,200,000 visitors came to Panama.
Panama City is just 2.5 hours by plane from Miami and already receives more than 400 international flights each week. Here Panama offers the ambiance similar to Miami with a combination of the old city of Havana.
Affluent North and South Americans are flocking to Panama not only for its easy access but also for its natural beauty that includes such diverse and pristine ecosystems as tropical rain forest, virgin beaches, and volcano high-altitude mountain environments, which rival any destination in Central America. Let us now leave the City and learn more about this wonderful country. The country’s economy has been growing at a strong and sustained rate in recent years, driven primarily by expansion of the Panama Canal, international business and increased tourism.
Another attractive draw for international tourism is that Panama offers a modern health care system with American-trained, English-speaking doctors and several top hospitals and clinics that meet U.S. standards, yet the cost of health care services is a fraction of comparable costs in the U.S. Finally, Panama continues to enjoy a unique relationship with the U.S. characterized by a deep commitment to the preservation of its security situation and the rule of law, resulting from the Canal’s strategic importance and the scale and international significance of its banking system.
In summary, Panama is a phenomenally beautiful and diverse country with infrastructure that rivals many developed nations. Its unique beauty and potential have begun to attract international recognition, showing that Panama is in fact the next resort frontier of the Americas.
A short flight from Panama City takes you to David, the seond largest city in Panama where you can find anything you need in the way of goods and services including an excellent hospital with good doctors and specialists in just about every field. From David you can drive an hour and a half on the Pan American Highway where you will turn off the road onto what was the old Pan American highway. Just 8 miles down the road takes you to an incredible fishing lodge where you can access the Pacific waters. From the lodge you can see the point of the peninsula where the property is located.
The Paradise Fishing Lodge will soon offer mooring for small and large yachts as well as gas and diesel sales from the end of the pier.
In another 5 minutes by panga and we arrive at the peninsula where the property is located.
The site owner has an application for a pier and floating dock, allowing seamless access to the property. Here is the location of the sheltered deep water where the boat dock and pier will be located.
Just around the point of the peninsula you have a magnificent shoreline and an incredible beach known as Morro Negrito.
Morro Negrito beach is a long curvilinear beach with swimming, snorkeling and surfing.
At the end of the beach there is a surf camp accessible by water and several choices including nice surf break out front that runs 5 to 7 feet.
A short boat ride offshore and you can surf P-Land located on the outer island and breaks left. P-Land is one of the most recognized waves at Morro Negrito due to its size and power. This wave is consistently the largest wave at Morro Negrito and will hold surf 20+ feet.
Head out offshore for diving and you will run into pelagics including huge hammerhead sharks, whale sharks, manta rays and humpback whales.
Image courtesy of Colibri Productions
The offshore waters offer an abundance of outdoor activities including diving and surfing. For the fisherman, the choices are endless culminating in the world famous Hannibal Bank that is one of three locations in the world for Black marlin and huge Yellowfin Tuna.
Here is a video of a 700 pounder caught from one of Paradise Fishing Lodge’s boats.
Isla Coiba is just 30 miles away and is a designated UNNESCO World Heritage Site. It is the largest island off the Pacific coast south of Vancouver. It offers incredible diving, whale watching, coral reefs, hiking and wildlife exploration. Here is a video that covers this precious resource we have in Panama and one of our national treasures.
Back to shore and on the peninsula we see lush tropical fruit trees and flowering plants as well primary forest and streams.
The property is a fantastic canvas for a vision of either a private estate home for a marine and Eco enthusiast and or a combination first class Eco resort.
Chill space down by the water with a bar and restaurant.
Maybe a spa up on the ridge overlooking the Pacific Ocean
A surfer village with quick access to the point break and offshore island breaks by boat.
Hiking trails through the forest full of wildlife.
Sustainable resources.
Here is a google earth shot of the area.
Here is a map showing the site location and access.
PHOTO GALLERY
Here we are back at Paradise Fishing lodge looking out to the Punta which is just to the left of the sunset.
For further information and details on this property contact:
Tom Brymer tbrymer@brymerpa.com
In the US call 305-448-1003
In Panama call 6810-1074
Notice to Investors:
The Punta Entrada property is a Rights of Possession property and as such the investor should seek proper advice before investing.
Under Panama Civil Law one can have control over a land parcel or property not only as a duly recorded owner but as a possessor. There are still land parcels and properties in Panama that are under the control of individuals or entities who have never filed an application before the competent authority to obtain title. Those in this situation have rights of possession. According to the Civil Law System an individual –or entity- has rights of possession over a property when he/she occupies/controls/holds a piece of land or a property, under certain conditions, and considers him/herself the owner of said property, without having title. In general terms, rights of possession can be transferred, inherited, attached, encumbered, foreclosed and titled. They are protected by law as a stage prior to titled property. Those who hold rights of possession are entitled to file lawsuits against squatters, build improvements, apply for title, prevent/demolish improvements from third parties, etc.
That said, newly enacted Law and recent Decrees have spurred hope that Panama is on the right path towards addressing the issue of Rights of Possession properties and the ability for individuals to apply for title. The Government understands the importance of these issues as it impact the future growth and foreign investment in coastal and island properties in Panama.
Thomas,
Wow!, this is what I’m looking for. How much? Did the larger tract adjacent already sell? Will there be access to this property via a road or easement over land?
Gary