• Lots & Land
  • Property Type
  • 25
  • Lot m²

Overview

Property ID: ISP-8052
  • Lots & Land
  • Property Type
  • 25
  • Lot m²

Description

This is a special offer for those interested in a growing area. Located just 50 minutes on the other side of the border in Panama from Costa Rica. 41 lots from 1,500m2 – 2,500m2 are now under development. The Las Lomas development in David has lots priced at $10/m2. The entire 25 acre development is also available for sale at $600,000. This is an excellent and unique investment opportunity.

Fast Growing Area

For a diversified investment in one of the fastest growing areas, this is special access to a growing development. Two miles outside of David in Panama, sits Las Lomas; a sparsely populated hillside looking over the Panamanian Highway and the Pacific beyond. Panama is experiencing rapid growth and the city of David is expanding outward. It is difficult to get a good lot these days for under $40/m2.

Growth Investment

This is a chance to secure an inexpensive lot early or invest in a development with great upside potential. A hydro-electric company neighbor is bringing electricity and road improvements to the site entrance. There is good water, firm title, gentle sloping topography, cool breezes and elevation, while enjoying privacy, but accessible to the city center.

Location

This is a surfing crossroads with access to Bocas Del Toro on the back, Pavones to the North and Santa Catalina to the south; as well as access to Chiriqui Islands.David is 10 minutes north, Boquette is 30 minutes east, and the beach is 30 minutes southwest. There are 41 lots available ranging in size from 1,500m2 to 2,500m2, presently at $10/m2. The whole 25 acre development can be purchased for $600,000. This is a great investment opportunity.

More About David

Neighborhood

David, the capital of Chiriquí Province in western Panama, is becoming more and more popular as expats discover its convenience and affordability. David is Panama’s third-largest city, with a developed infrastructure, but a much lower cost of living than bustling Panama City. It serves as the commercial, business, transportation, education, and healthcare hub for all of western Panama.

Yet, with no skyscrapers and easy access via the Pan-American Highway it’s a very manageable city in the midst of the country’s “bread basket” agricultural region.There aren’t many downsides to life here, according to the locals and expats, though if you don’t like the heat, David may not be for you. With daytime temperatures in the high 80s F and low 90s F, it’s known as Panama’s warmest city during the dry summertime season

  • City David
  • State/county Chiriquí Province
  • Country Panama

Details

Updated on February 20, 2021 at 7:41 am
  • Property ID: ISP-8052
  • Land Area: 25 m²
  • Property Type: Lots & Land
  • Property Status: For Sale

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