Welcome to Bocas Del Toro, Panama, a hidden gem soon to be unveiled to the world. With its pristine golden beaches, turquoise waters that shimmer like jewels, and a charming small-town vibe, Bocas Del Toro has captivated the Panama tourism board. In fact, Conde Nast Traveler’s May 2023 issue recognized Bocas Del Toro as one of “The 50 Most Beautiful Small Towns in the World.” Now is the time to unveil the secrets of Bocas Del Toro’s real estate, where unparalleled opportunities await discerning high net worth individuals like you.
Do you ever regret missing out on that one real estate opportunity that could have changed your life? We all do. In 1978, I had the chance to purchase a lot on North Shore Drive in Grand Haven, Michigan for a mere $2,000. Regrettably, I passed it up. Today, that property is valued at a staggering $300,000. Since then, I’ve been on the hunt for the perfect opportunity, and finally, I’ve discovered it. While we can’t predict the future with a crystal ball, Bocas Del Toro would undoubtedly be at the top of the list for golden real estate opportunities.
Now is your chance to seize the missed opportunities of the past. Over the past decade, real estate prices in Bocas Del Toro have steadily risen, but they are far from reaching their peak. Incredible deals with tremendous upside potential still abound.
Why am I so confident that Bocas real estate prices will skyrocket in the next decade? Let me give you eleven compelling reasons:
- The Panamanian government’s top priorities are logistics (Panama Canal) and tourism.
- Bocas Del Toro takes center stage as the country’s primary tourism zone among the seven identified.
- When you compare the prices of waterfront properties in Bocas Del Toro to those worldwide, they are significantly lower.
- The Bocas Del Toro Archipelago boasts natural beauty that rivals the world’s top tourist destinations. The pristine white sand beaches and crystal clear waters will leave you in awe.
- Experts agree that Panama is the up-and-coming tourist destination in Central America, following the footsteps of Belize and Costa Rica. Wealthy tourists are seeking new and captivating experiences.
- Savvy investors recognize the undeniable benefits of a stable country tied to the U.S. dollar, with a hurricane-free zone in the same time zone—an exceptionally safe haven.
- The Panamanian government has made bold commitments to enhance and expand the airport, as well as build a new road encircling the entire island of Colon, where Bocas Town is located. The road construction is already underway, and approximately 270 homes have been built to accommodate residents who previously lived along the existing airport runway, making room for the airport expansion. Furthermore, a new hospital was opened on the island just two years ago.
- Bocas Del Toro has enjoyed excellent occupancy rates on Airbnb and VRBO in recent years, highlighting its allure as a prime destination.
- Many properties in Bocas fall under the Right of Possession category, exempting them from property taxes. This significant advantage becomes particularly appealing when purchasing vacant land for long-term investment. However, it is crucial to ensure the history of the Right of Possession land is pristine, and an attorney can guide you through this process. For the safest purchase, titled real estate is available, but property taxes apply.
- Bocas Del Toro is among the select few places worldwide that permit over-water construction. From residential bungalows to luxurious over-water resorts and charming waterfront restaurants, the value of real estate will continue to soar.
- The presence of renowned resorts such as Red Frog, La Coralina, and Nayara Bocas Del Toro has set a new standard in the area. These establishments, alongside several planned four and five-star resorts, are propelling real estate prices to unprecedented heights.
Moreover, the area offers an abundance of quality restaurants, bars, live music, and organized outdoor activities that elevate its desirability even further.
Are you ready to embark on an extraordinary real estate journey? Take a look at some exceptional properties currently available throughout the archipelago. Please note that the quality of finish in the area is typically comparable to a luxurious cabin or cottage in the United States:
- Oceanfront Home – $199,000: Immerse yourself in luxury with this stunning 2-bedroom, 1 1/2-bath home on Bastimentos Island.
- Titled Oceanfront Land – $350,000: Indulge in 27 acres of elevated land boasting beautiful coral reefs, a true paradise awaiting your vision.
When considering real estate in Bocas Del Toro, several factors demand your attention. If there is enough interest among my esteemed blog readers, I will delve into these considerations in a future blog post. Some of the intriguing topics that may pique your interest include: Should I focus only on islands with public power and water? Which island offers the best value? Should I explore properties on the mainland? How feasible is it to build over the water? Which property types are likely to yield the highest appreciation? Do I need to be fluent in Spanish? What are the property tax implications for titled land? Can larger land parcels be easily divided? Please provide feedback on this blog post and let me know if you would like to learn more about Bocas Del Toro Real Estate in future blogs by replying below.
We invite you to join us at Nayara Bocas Del Toro (formerly Bocas Bali) and immerse yourself in an unforgettable experience. Spend a half-day exploring the area’s real estate deals while having the time of your life.
What’s next on our horizon? Let us unveil two of our most exciting ongoing projects at Nayara Bocas Del Toro: our awe-inspiring botanical gardens and the creation of ten artificial ocean reefs. Stay tuned for upcoming blog posts, including “Why We Built Ten Artificial Ocean Reefs” and “Cedric’s Secret Garden Mangrove Wonderland.”