90 hectares (222 acres) of oceanfront land for sale in Panama located minutes from Playa Madroño, Playa Raya and Playa Venao in Los Santos.
Oceanfront Land for Sale in Panama
Searching for land for sale in Panama ideal for developing a community of oceanfront homes?
This is a great opportunity to acquire an oceanfront parcel offering huge potential.
Spanning 90 hectares (222 acres / 900,000 square meters), the estate is largely covered in woodland home to all kinds of birds and features 2,250 linear meters of ocean frontage with one of the most striking views in all of the Azuero Peninsula, taking in the beautiful surrounding forests, nearby beaches and the island of Cañas.
Ideal for Residential/Resort Development
The property benefits from exclusive access to Playa Madroño and Playa Raya and accessibility via a brand new paved road up to the property and 4 km of 6 meter wide gravel all-weather private road throughout the property, making it ideal for land banking or for residential/resort development.
The site also benefits from excellent cell phone coverage, electricity infrastructure and water wells on site.
An investor could take advantage of various investor incentives.
Law 122 and 82, which promote investment in tourism in Panama, provide incentives to investors in tourism related projects such as 15 year income tax break and a fiscal credit equal to the invested amount. This fiscal credit can be ceded or sold to third parties.
Buying Property in Panama
Find out more about buying property in Panama in our guide for property buyers. Discover how to buy real estate in Panama, where to invest and much more.
Read more: Buying Property in Panama