ESTATE

Titled 5 Acres (21.000 sq/mts) property in the Palmira area of Boquete, about 4000 feet asl (1200 mts). A beautiful, organic orange grove (200 trees), 10 lemon trees, 80 coffee trees, mango, bananas, plantains, yucca, berries. Private water supply (governmental concession), backup water tank, electricity, internet, trash pd.

Mild and sunny, Shangri-la land has a gentle topography on an open ridge, excellent views both of the ocean and the Volcan Baru, with double entrance, easy access.

Trees and high pines provide shade, privacy, wind block. Shangri-la is a protected, tranquil location, 12 minutes away from Boquete downtown. Shangri-la entrance is 200 yards away From the main road, which provides a lot of security.

The cozy cottage is one of the few wooden houses in the area, two-bedroom, two-bathroom furnished, with all the comforts of this type of accommodation.
Infinite pool, minor facilities: janitor's house, small warehouse, chicken coop, large parking area. A flat multipurpose area (i.e. vegetable garden, tennis court, etc.)

Great potential for luxury residences, multi-unit projects, or subdivisions. Realtor estimates the value of the land being around $25 per sq/mts.

All serious offers will be considered

Important Note

The property is legally owned by the Orange Grove International Foundation, a Panamanian foundation. Instead of completing a conventional real-estate title transfer, the transaction may be structured through the transfer of control of the Foundation to the buyer.

Under this structure, the buyer becomes a member of the Foundation’s Board and obtains full control over the Foundation and its assets, including the Shangri-La property. The Foundation remains the registered legal owner of the property, while control and beneficial use of the asset pass to the buyer through the Foundation’s governing structure.

This alternative may offer significant savings in legal, administrative, and transfer-related costs. Estimated closing expenses are approximately USD 2,000, compared with approximately USD 20,000 for a conventional property title transfer, although actual costs may vary depending on the transaction and the parties’ legal requirements.

All documentation and changes to the Foundation’s governing structure are completed formally through the Foundation and the appropriate legal process. This provides an efficient and potentially more cost-effective alternative to a conventional real-estate title transfer.

A traditional property title transfer may also be considered if the buyer prefers that option; however, any additional legal, administrative, and transfer-related costs associated with this option would be borne by the buyer.

See Shangri-la on Google Maps

Shangri-la: Palmira, Boquete, Chiriquí, Republic of Panama. More info about Boquete