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El Espino | Project: 40 Hectare and 107+Lotes. Sea view. Rio and 2 Quebradas.

Price
B/.1,107,000
Lot Size in m²
406600

El Espino | Project: 40 Hectare and 107+Lotes. Sea view. Rio and 2 Quebradas.

Location

El Espino

Published

23/05/2024

Price/m² of land

B/.2.72

Title

Titled Property

PDF with property information

Download

Benefits

Ocean View
Mountain View
River Waterfront
Easy Acces

Details

Two adjacent properties/finches in the Province of Panama, District of San Carlos, in the area of Copecito (between the Pan American Highway and El Valle). 14km from the Pacific Coast and 115 km from Panama City. The total area of both combined properties is 40.66 Hectáreas and a total perimeter of 2,886 linear meters (including 612 linear meters on the east side limiting with the Calabazo River)

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Attached is a PDF with a link to a google drive folder with more photos, maps, links to a google map, video, the charette of the project, etc.

Both farms are located by the road on the west side and both have direct access to the property. No roads or internal infrastructure have been created. Both properties have sea view and seasonal streams. The largest property is also adjacent to the Calabazo River on the east side, with 612 meters in front of the river.

In 2011, the owner started the initial phases of the project called Montecito. Since then, all permits and approvals have expired, but indicate the potential of the area. The number of lots projected for housing was 130, with an estimated average sales price of $58,600.00. An environmental impact study was conducted and approved for the following Uses and Zoning Codes:
Residencial Rural RR
Natural Tourism of High Intensity Tn3
Commercial High Intensity C2
Recreative Park Vecinal Prv
Green Area Not Developable Pnd

FOR SALE: Two adjacent properties / fincas in the Province of Panama, San Carlos District, in the area of Copecito (between the Panamerican Highway and El Valle). 14km from the Pacific Coast and 115 km from Panama City. The total area of both properties combined is 40.66 Hectares (100.5 acres) and a total perimeter boundary of 2,886 linear meters (1,8 thousand). 612 linear meters or 669 yards along the east side of the property is bordering the Calabazo River. .

PROPERTY ON GOOGLE MAPS:

Both farms are adjacent to the road on the west side, both with direct access onto the property. No internal roads or infrastructure have been created. Both properties have ocean views and seasonal creeks. The larger property is the one that is adjacent to the Rio Calabazo on the east side, with 612 meters of river frontage.


This link (above) gives access to a folder on google drive that contains the following documents:
Copy of Montecito Charrette - (Property architecture and design plan)
Drone Videos 1 & 2 of property
Environmental Impact Study / Environmental Impact Study
Catastral Maps of property Plot 1 & 2
Property folder
Zoning Plan Approval / Land Management Scheme 2012

The properties are owned by Worldwide Property Adventures Inc. and are referred to collectively as Montecito. Combined they have a total area of 40.66 Hectares and a total perimeter boundary of 2,886 linear meters (including 612 linear meters on the east side bordering the Rio Calabazo)

Montecito Project Plan Summary: Charette, Investment, & Permits
In 2011, Worldwide Property Adventures Inc. began the initial phases of the development of the property. All permits and approvals have since expired but indicate the potential for the area. There were several plan options but the projected number of lots for homes was 130, with an average estimated sale price of $58,600.00. They had an environmental impact study done and received approval for the following Uses and Zoning Codes (Use of Soil and Area Code):
Residencial Rural RR
Natural Tourism of High Intensity Tn3
Commercial High Intensity C2
Recreative Park Vecinal Prv
Green Area Not Developable Pnd