Full Description

MOUNTAIN VIEW PARCEL CLOSE TO THE CITY.

Own a piece of heaven: This larger than usual, spectacular 4747 sqm parcel of mountain land is bordered on 2 sides by the Chagres National Park and boasts exquisite waterfall views, hiking trails, and first jungle growth, in the highly desirable community of Cerro Azul. The heavenly highland temperatures are a maximum of low 80s during the day and the high 60s at night.

Cerro Azul is located just thirty minutes from Panama's Tocumen International Airport and less than an hour from downtown Panama City along the Corredor Sur toll road. It is situated on over 20,000 acres of old growth tropical rainforest. On a clear day in Cerro Azul you can view both the Atlantic and Pacific Oceans. The community is situated at 2,500 to 2,700 feet above sea level.

Cerro Azul is a gated community with 24-hour security, a country club with pool, tennis courts, beautiful tropical flowers and an excellent restaurant. In the surrounding forests you will find exotic birds and wildlife unique to Panama, as well as a well-developed network of hiking trails that will take you through one of the oldest cloud forests in the Western Hemisphere. In the cloud forest you will see spectcular palm trees that grow in very few places in the world. Much of Cerro Azul is within the Chagres National Park, a 300,000 acre protected national reserve. It is not uncommon to see howler monkeys, flocks of parrots, toucans, raccoons, sloths, red and gray squirrels, and white tailed deer.

In addition to the stunning natural beauty of Cerro Azul, there is high-speed satellite internet, Direct TV and modern electricity and telephone services, as well as the best drinking water in Panama.

Key selling points and investment justifications

• Halfway between Panama Canal rainforest preserve and downtown Panama City
• High resale value and demand due to limited parcels of land
• Investor-friendly landholding corporation regime and 15-year property tax regime
• 30 minute drive from Tocumen international airport and shopping malls
• Low property tax
• Financing up to 70% possible

Cerro Azul
Panama, All Regions, Cerro Azul

Land 4747m2 to 4747m2 - 70000 to 70000 euros
CLASSIC PROPERTY
EXPECTED CAPITAL GROWTH UP TO 10.0%