Full Description

STEPS AWAY FROM THE PANAMA CANAL.

Beautiful single-family home in the Panama Canal area, a few minutes from shopping, supermarkets, pharmacies, schools, and all the amenities you may need. This exclusive neighborhood in the reverted areas was once reserved for U.S. military officers and has undergone a complete refurbishment between 1999 and 2005. The location retains the surroundings with fauna and flora typical of the rainforest at only a 10 minute drive to fine shopping centers and all cities other amenities. The neighborhood features tennis courts, hiking trails, 24/7 security.

This spectacular home is new having been built in the last 1.5 years. The home boasts 2 extra bedrooms with their own bathroom, main bedroom with bathroom and Jacuzzi that includes an additional space for a small office, new kitchen with all brand new appliances: Fridge, Stove, Dishwasher, Washer/Drier and heater, 2 car garage with roof and open space for two more cars, ample space to design a garden or build a pool. This house is one of the few homes being sold in this wonderful area. It is perfect for a family looking for peace and quiet, with the convenience of being 10 minutes away from the downtown center of the city.

The Republic of Panama is perhaps the ideal destination for anyone looking for serious financial privacy and no taxes, corporate or personal. The Panamanian government created great incentives for property developers interested in Panama City's Casco Viejo (the Old City). Flexible corporation and private foundation laws allows to structure landholding entities for tax and asset protection purposes. You won't have to pay any property taxes for up to 20 years from the time of construction. Signs of private investment prompted by these incentives are everywhere. You don't walk far without passing a restored building or one in process of renovation. Scaffolding seems to be on every corner. There's an almost "land rush" feel to condominium development in the area.

Panama is one of the world's top offshore havens and it is continuing to emerge as the next great retirement destination. Panama offers certain advantages over every other Central and South American destination. Tax advantages. Privacy advantages. Not to mention that you'll find some of the world's most beautiful mountain, beachfront, and island property here. Add to all of this what many consider the world's best incentive program for retirees, and you've got something worth paying attention to.

Key selling points and investment justifications

• Halfway between Panama Canal rainforest preserve and urban Panama city
• High resale value and demand due to low density of single-home units
• Investor-friendly landholding corporation regime and 15-year property tax regime
• 5 minute drive from commuter airport and Panama's largest shopping mall
• Newly rebuilt

Ancon Villa
Panama, All Regions, Panama City

Chalets / Villas / Estates 300m2 to 300m2 - 323000 to 323000 euros
CLASSIC PROPERTY
EXPECTED RENTAL INCOME UP TO 9.0%