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Location: Azuero Peninsula
Panama |
Price: $730,000 |
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New Listing |
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This incredible property is located in the little village of Cañas near Tonosi in Los Santos Province of the Azuero Peninsula. Ocean views from many spots on this 18.5 (7.5 hectares)plantation with over 12 acres (5 hectares) of teak forest with trees 10 to 15 years old.
As a bona fide teak plantation this property carries with it:
- Investor’s visa with the right to reside in Panama
- Tax exemptions for processed wood.
- Exemptions on real estate tax
- Exemptions on real estate sales tax when selling a property
- Exemptions on capital gains tax when selling a property
There is 350 meters of asphalt road frontage with access to utilities and the property's ocean side is formed by a protected stand of mangroves. Additional acreage on the property is planted in coconut palms.
This productive teak plantation has mature trees measuring more than a meter in diameter and all the certifications and procedural documents necessary for an official reforestation project. And while the timber in itself adds significant value, property in the Azuero like this one, with ocean views, just a short ride down an excellent road from Pedasi (one of the area's hottest real estate markets)is always an excellent investment.
Azuero Panama Property Listing | Teak Plantation for Sale
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Type: Land and Lots |
Size: 18.5 acres |
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Buying Real Estate In Panama
507-6714-9180 Panama
772-905-2652 United States |
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