Los Naranjos, Boquete, Chiriqui

Price Reduction!! Historic Estate Home with Stunning Views and 5 Casita Apartments - Family Compound or Small Hotel for Sale in El Santuario Nestled just above Boquete's downtown lies a distinct area known as El Santuario. Accessed via a short paved road lined with coffee plantations and vibrant foliage, El Santuario offers a raised area with expansive views and a favorable microclimate, just a 5-minute drive from the town center. This sought-after neighborhood is home to an exceptional estate, occupying the prime location within El Santuario. The property offers a wide range of amenities carefully developed over the years to cater to discerning buyers. It includes a main house with stunning views, five rental casita apartments, a chapel, swimming pool and spa, spacious meeting area, home theater, expansive gardens, and two subdividable lots ready for development. With a focus on both residential and business opportunities, the property provides a unique chance for entrepreneurs. Great Investment Opportunity: Cost to Build per Square Foot Construction costs in Panama currently range from $130 to $200 per square foot, depending on materials and design complexity. This estimate does not include the cost of land, which can significantly increase prices, especially when considering location, finishes, and special features of the property. However, this property in El Santuario offers an exceptional opportunity in terms of investment. With 8, 500 square feet of construction and a total land size of 4, 758 square meters, this property is fully constructed and furnished, making it a highly competitive option. At an estimated cost of $200 per square foot to build, constructing a property of this size and quality would cost 1.6 million dollars, not including the land or special amenities like the pool, hot tub, and home theater. Additionally, this property includes 5 fully furnished rental units that provide passive income, further enhancing its value. The land also offers excellent development potential, allowing for future expansion or diversification of the property. In summary, this property provides significant value in relation to the cost of construction. It is ready to be used as a family residence, small hotel, or bed and breakfast, fully equipped and with ample land for future improvements or expansion. What a Great Experience Five out of Five Stars James Orr & David Bottisti For more information, a more complete description and updated prices for this property, please visit Casa Solution's website.