3 Bedroom Condo For Sale Playa Blanca Farallon Panama
RECENTLY REDUCED FROM $220,000!!! Living in a beach town is one thing. Sure, the beach is “over there” and you go when you get around to it. Living right by the beach is an entirely different experience — hearing the waves, walking just a few minutes to the water, taking a dip in the ocean whenever you get the whim. If you can combine that with resort-style living in Panama, you’ve done it right! This property also has an excellent income producing history.
Oh, and if you love swimming in pools the size of a lake, it’s got that, too — Playa Blanca boasts the 2nd largest swimming pool in Central America. Add the gym, the tennis court, the kid’s playground, and one of Panama’s best restaurants (Beirut), and you’ve got both a home and a lifestyle in this upscale beach community.
This particular condo has three bedrooms and three bathrooms — space and privacy for every member of your family. The kitchen comes with all appliances and features a bar overlooking the living room. Lots of cabinetry and counter space make it easy to keep a clutter-free cooking area.
Ceiling fans and split air conditioners keep you cool and comfortable throughout the condo. It comes fully furnished and move-in ready, from dining room seating for six to comfy beds to balcony furniture. The condo was built in 2007, so you can enjoy 11 more years of tax exemption!
Is this the year you make the move to the beach or finally buy that investment property?
A very well established rental business 8 years strong
Comes with the Lola Beach Corporation in Panama – would normally cost $1500 + to set one up
Panama bank account attached to the corporation – normally takes about 3 months or longer to secure new one
Web site $2000 + to set up (this will be transferred to new owner only payment is yearly $100 maintenance fee)
VRBO.com listing – paid till Jan 2017 (4th from the top) well established , excellent reviews & ratings – it would take years to achieve this
List of all past guests information – many repeat customers and list of email inquires over the last 8 years
Over 30 templates that have been created over the years answering guest questions – concerning condo, directions, Q&A, travel info, surrounding area info, tours, tips, transportation etc.
Rental income for 2014 was $19,765
Rental income for 2015 was $15,400
Potential could be much higher for someone who is dedicated to social media outlets as well as advertising on many other free and paid vacation rental sites – such as Tripadvisor, Homeaway, A1A, Craigslist etc
26 weeks high season even at my current rate of $1650 per week (Nov 1 – April 30)
26 weeks low season even at my current rate of $1350 per week (May 1 – Oct 31)
At 50% occupancy rate one could earn north of
High season $21,450 (13 weeks * $1650)
Low season $17,550 (13 weeks * $1350)
Total potential rental income $39,000 yearly
Contact Beth for more information on this 3 bedroom condo for sale, firstname.lastname@example.org