Close to Downtown Boquete Large 5BD House for Sale with Mountain Stream

List Price: $390,000
House Size: 3,420.00 Sq.Ft
317.73 Sq.M
Lot Size : 2,886 Sq.M

0.71 Acres

Bedroom(s): 5
Bathroom(s): 5.5
Location: Palo Alto, Boquete, Panama

This large house with incredible Baru mountain views is in a secluded and beautiful location of Palo Alto, Boquete.  It is already a 3 minute drive to the center of town.  It will be less than a 15 minute walk to the center of Boquete with the imminent completion of the new ‘Panamonte’ bridge.  Access to town by foot or car will be even quicker and easier!

The house was built 15 years ago and the structure is solid. Plumbing and wiring points are in place.

The garden is mature, landscaped for privacy and slopes gently down to the road and bridge. The mountain stream, the Quebrada La Sumbona flows down one side of the property below a high wall and provides the pleasant sound of a babbling stream.  Fruit trees (orange, lemon, mandarins, guaba, maranon etc.) and palms fill the garden, along with 200 year old trees which provide privacy and point to the majestic view of Volcan Baru.  The view from the upstairs balcony is especially breathtaking

The present owners were in the process of renovation, but life has taken them in a different direction and they are now reluctantly selling this beautiful home.

The interior of the house was constructed as a five bedroom 2 bathroom property and an example of how the property could be developed are shown in a series of visualizations the owners had commissioned.

The ground floor was divided into the owners’ living quarters with spacious kitchen, lounge, dining and study. Totally separate and private, were 3 bedrooms which were designed for short or long term letting purposes. Alternatively, the 3 bedrooms could be arranged as two separate apartments. Upstairs is the sleeping, library and terrace section for the owner.

The quotation for renovation to complete this 3-bedroom house with 3 bedrooms to let was in the region of $200,000.

The site has commercial potential as a multiple rental unit home, a bed and breakfast or a close to town hostal.

It also makes for a wonderful near downtown Boquete house for the Boquete tropical lifestyle.

Note: some of the photos are from when the property was for sale in 2010.   The older photos have the dates on them.  The ones without the dates are current and show the property in the process of a renovation.

A visit to the site will show why the owners fell in love with the plot and Boquete and why this is an excellent investment and/or development opportunity.