48,5 Acre Raw Land Waterfront Peninisula - International Real ...

The property for sale has a total real surface of 64.25 Acres (26 hectares). The titled land consists of exactly 48.57 Acres (19 6569 hectares) and this is the only amount of land that you pay for.

The topography reflects an elevated area throughout the entire central line, softly declining towards both sides of the lake. The property harbors several coves, in the shape of protected pockets, which would allow for a swift construction and maintenance of artificial sandy beaches.

New asphalt roads, electricity, and telephone services lie 200 lineal meters (656 ft) from the property. A brand new water treatment plant for the nearby towns of Escobal and Cuipo has been approved and its distribution network will lie in the same location as the other services, i.e. parallel and contiguous to the road.

Check out the property's website at www.panamarawlandinvestment.com

It is of note, that the new bridge project which will cross the Panama Canal over the Lake Gat?n Locks (already approved and bid out), will grant superb access to the property from Colon City. Furthermore, the Penonom?-Colon highway with access to Costa Abajo, which is pres

ently being built in sections and whose path is completely laid out in its totality, is the same road that passes directly in front of the property in its stretch between Cuipo and Escobal.

In our opinion the most valuable aspect of the property is the fact that its peninsular shape endows it with 3,855 linear meters (2.40 miles) of waterfront and therefore has an extremely high (and equally rare) waterfront-total surface area ratio. It is extremely easy and lucrative to build sandy beaches using the appropriate retainers. The water is live due to the currents formed by the several rivers which flow into the lake? and the wind which flows freely in the water mirror of the 43,500 hectare (108,000 acre) lake.
In current market conditions, the value of this land surpasses $12.50 per m2, but a very motivated seller is starting to accept offers at $7.50 per m2. All serious offers will be considered. A few years ago, a very prominent Panamanian real estate group, Tribaldos, suggested that once lotified at a cost of $10.00 per meter, the lots could easily sell at $50 per m2; market conditions have improved since.

Source: http://www.internationalrealestatelistings.com/6327/la_ullama_gatun_lake_panama_lots_land_for_sale

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