Fixer-Upper in Coronado – A Renovation Project with Huge Potential!

Discover an incredible opportunity in the heart of Coronado, Panama’s premier beach town. This 4-bedroom, 2-bathroom main house is situated on a spacious 1,500 sqm (0.37 acres) lot, offering ample space for renovation and expansion. With 112.85 sqm (1,214 sq. ft.) of living space, the home boasts good structural integrity (“good bones”), making it an ideal fixer-upper for those seeking to create their dream beach property.

The property also features a separate caretaker’s casita with 19.06 sqm (205 sq. ft.), perfect for additional living space or as a rental unit. The casita includes 1 bedroom and 1 bathroom, and the grounds offer plenty of storage and a bohio, enhancing the outdoor living potential.

Located just an 8-minute walk to the beach, this property is perfect for beach lovers and those looking to capitalize on short-term rental opportunities. Coronado is one of Panama’s most desirable beach communities, known for its vibrant expat scene, world-class amenities, and proximity to the capital, Panama City. With grocery stores, restaurants, golf courses, and medical facilities nearby, Coronado is a top choice for both full-time residents and vacationers.

This foreclosure property is priced at $242,100, offering an exceptional value in a prime location. Whether you’re looking to renovate for personal use or to develop a short-term rental business, the potential is limitless. Coronado’s steady demand for vacation rentals makes this an attractive investment, and its proximity to the beach ensures a consistent flow of guests.

The large lot provides space for further development, whether adding a pool, a garden, or additional guest accommodations. With some TLC, this property could become a tropical oasis for future owners or vacationers.

This is an as-is sale, giving you the freedom to design and renovate to your liking. Don’t miss out on this chance to invest in one of Panama’s most sought-after beach destinations!