Description
Unfinished Ocean Front Project Home for Sale, Isla Bastimentos, Bocas del Toro
REDUCED PRICE! Owner is ready to sell!
Great opportunity here with this 3-story unfinished home located on the north tip of Isla Bastimentos about a 10 minute walk from the main public dock in Old Bank. Old Bank is the second largest town in the Bocas del Toro archipelago.
This titled property is facing Isla Carenero and the Paunch Beach area of Isla Colon. It offers incredible views and breezes.
The owners have over $400k invested in this project, with all the hard things being done before a personal situation caused the construction to stop. All the cement structure and interior wood is in good condition (the shell of the project). This is a huge advantage because this location requires all materials to be walked to the site! Because of the remote location, this would make an incredible hotel or even condo project.
About 4,500 sq feet of construction, it is designed to have 6 separate units on the top two floors with the downstairs area open for your ideas.
Once completed we estimate its value between $500,000 and $750,000 depending on finishes, Admittedly, this is not for the faint of heart, but this is a must see for the right investor!
PROPERTY FEATURES:
Coastal home w/ rental units
Titled
On grid
Investment opportunity
Amazing ocean views
Great breezes
Close to Beaches
Quiet area
Coastal Property
Hotels / Motels
Retirement & Active Adult
Investment & Income
