https://www.youtube.com/embed/X8uqQqAopb8?si=v35scOmz-ZqHDzSE

Historic Estate Home with Stunning Views and 5 Casita Apartments - Family Compound or Small Hotel for Sale in El Santuario

About the property

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.

Features

Not just a business opportunity, the estate also serves as an exceptional private residence, featuring:

• Consistent year-round temperatures averaging 72 degrees.
• Meticulously landscaped grounds with diverse flora including flowering gardens, fruit trees, mature pine woods, and coffee plants, along with sculpted hedges and well-defined trails.
• An open-plan layout in the main house providing expansive views of the mountains, Volcan Baru, coffee fields and on a clear day, you can see peak views of the Pacific Ocean from the great room.
• A well-equipped kitchen with modern appliances including a built-in oven, dishwasher, and side-by-side refrigerator.
• Ample storage and a spacious white-tiled bathroom in the master bedroom suite.
• Additional amenities such as a home theater, and separate laundry facilities.
• Five fully furnished rental units with private entrances and decks offer additional income opportunities. Four of them feature full kitchens, while one includes a kitchenette.
• A private chapel.
• Outdoor amenities like a covered patio with a barbecue, swimming pool, hot tub, and additional kitchen in the pool area.
• With a total area of approximately 8,500 square feet, the estate offers ample space for both residential and commercial endeavors.

Moreover, the property offers nine bedrooms and seven bathrooms, providing plenty of space for both residents and guests. There are six balconies that provide excellent views of El Santuario, perfect for enjoying the scenery. Additionally, there are six guest parking spaces available, along with a garage that has a carport.

Additional Information

Additionally, the expansive property allows for potential development, making it an ideal location for a bed-and-breakfast establishment or nature resort.

Spanning 4,758 square meters, this exceptional property encompasses all of the aforementioned features and more, promising a blend of comfort, luxury, and endless opportunities.

This property is truly one-of-a-kind in Boquete, distinguished by its picturesque setting with a pine forest right in front. Coupled with breathtaking views of Boquete's most iconic features—the Volcan Baru, rolling hills, lush coffee fields, the Pacific Ocean, and a tropical garden—it offers an unparalleled experience. To fully grasp the uniqueness of this offering, you must see it for yourself.

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.

Please contact Casa Solution for more information or to visit this Fabulous Boquete Estate Home or Bed & Breakfast For Sale. – Indoor Pool, Theater, Earning Income with 5 Casita Apartments, Furnishings – Perfect Bed and Breakfast Inn with Lots of Room to Expand

If you're looking to buy real estate in El Santuario, Boquete, Chiriqui or properties anywhere in Panama, please take a look at our page for buyers, and if you're considering selling your real estate in Panama please visit our page for sellers.

Stay updated on our latest listings and area news by following us on  Facebook, Instagram, and subscribing to our Youtube channel. We look forward to helping you find your next home or property in Panama!