Bid, Buy, and Own This Luxury Panama Estate with Income Potential
Auction Begins In
Bid, Buy, and OwnThis Luxury Panama Estate with Income Potential
Absolute Auction
Selling Regardless Of Price
Live Online Auction
January 16th at 1:07pm
Countdown
Auction Details
Address:
Costa Esmeralda, Panama Real Folio No. 30145455, Location Code No. 8801
Auction Type:
Absolute Auction
Auction Location: Live Online Auction
Auction Date:
Jan 16, 2024 1:07 PM EST
Fees & Commission
Bid Deposit: $10,000
Buyers Premium: 10%
Broker CO-OP: 3%
Open House Dates
Saturday January 4th & 11th
12:00-2:00pm EST
Friday January 10th
4:00-6:00pm EST
MUST RSVP TO ATTEND
OPEN HOUSE
LUXURY
PANAMA ESTATE
Don’t Miss Your Opportunity to Bid, Buy and Own this Costa Esmeralda shipping container compound that represents more than just a real estate transaction - it's an opportunity to own a truly unique, off-grid retreat that combines luxury living and a smart investment.
Being Sold Absolute Regardless of Price to the Highest Bidder- no minimum, no reserve! Auction to be held Live- On-line on January 16th
Whether you envision this as your personal retreat, a savvy investment, or both, this Costa Esmeralda estate offers the rare combination of immediate enjoyment and long-term value.
With its turnkey condition, proven rental history, and Golden Visa qualification, this property represents the perfect entrance into the prestigious Panama real estate market
.
Your sustainable oasis awaits you; it is more than just a property acquisition - it's an investment in your future, a gateway to residency, and an entrance into a lifestyle of uncompromising sustainability and tranquility that most only dream about.
A Sanctuary of Possibility
Nestled in the prestigious Costa Esmeralda community, just steps from Panama’s stunning coastline, this meticulously renovated estate offers more than just a home- it presents a lifestyle transformation, creating an environment where indoor and outdoor living flow seamlessly together.
As you approach through the tree-lined, gated entrance, the estate’s innovative design comes into focus, and you’ll immediately sense the property’s peaceful seclusion. The tranquil oasis sits just seven minutes from the vibrant amenities of Coronado, offering the perfect balance of serenity and convenience.
Crafted from repurposed shipping containers, this unique property embodies the perfect harmony of form and function. Each container has been meticulously transformed into a living space, infusing the rugged aesthetic with refined comfort and style.
Living Spaces That Inspire
The main residence features an open-concept layout, with multiple container units seamlessly connected to provide ample living, dining, and entertaining spaces.
Brand-new German kitchens showcase European craftsmanship at its finest. Three-bedroom suites, each with its own luxurious bathroom, provide perfect spaces for family and guests.
Additional 640 sq. ft. partially finished bonus area which can be used or finished to your liking for various uses:
A 2 BR rental unit
A massive master suite
Recreational room/Yoga Studio/ Home gym
Business/retreat spacePotential for B&B or hostel conversion
Multiple outdoor living spaces become natural extensions of the home. Whether you’re hosting a sunset barbeque on the expansive patio, stargazing from the rooftop deck, or lounging by the sparkling pool, each space has been thoughtfully designed for both relaxation and entertainment.
An Investment Opportunity of a Lifetime
This rare and unique property qualifies for Panama’s prestigious Golden Visa program, providing a path to permanent residency through real estate investment.
As Panama continues to attract global attention for its high-quality living at reasonable costs, opportunities like this become increasingly rare. More and more international investors and retirees find properties like this to be increasingly valuable.
This property truly has it all.
Don’t miss your opportunity to own this amazing oasis. Auctions are fun and easy. Our staff is available to walk you through the process and help you register to bid, buy and own your own personal getaway!
Auction Details
Address:
Costa Esmeralda, Panama Real Folio No. 30145455, Location Code No. 8801
Auction Type: Absolute Auction
Auction Location: Live Online Auction
Auction Date:
January 16, 2024 - 1:07pm
Fees & Commission
Bid Deposit: $10,000 | Buyers Premium: 10%
Broker CO-OP: 3%
MUST RSVP To A Open House
Saturday January 4th and 11th 12:00-2:00pm EST
Friday January 10th from 4:00-6:00pm EST
Welcome To Paradise In Panama
Don’t Miss Your Opportunity to Bid, Buy and Own this Costa Esmeralda shipping container compound that represents more than just a real estate transaction - it's an opportunity to own a truly unique, off-grid retreat that combines luxury living and a smart investment.
Being Sold Absolute Regardless of Price to the Highest Bidder- no minimum, no reserve! Auction to be held Live- On-line on January 16th .Don't let this one-of-a-kind opportunity pass you by! Register for the auction, today!
Whether you envision this as your personal retreat, a savvy investment, or both, this Costa Esmeralda estate offers the rare combination of immediate enjoyment and long-term value. With its turnkey condition, proven rental history, and Golden Visa qualification, this property represents the perfect entrance into the prestigious Panama real estate market.
Your sustainable oasis awaits you; it is more than just a property acquisition - it's an investment in your future, a gateway to residency, and an entrance into a lifestyle of uncompromising sustainability and tranquility that most only dream about.
A Sanctuary of Possibility
Nestled in the prestigious Costa Esmeralda community, just steps from Panama’s stunning coastline, this meticulously renovated estate offers more than just a home- it presents a lifestyle transformation, creating an environment where indoor and outdoor living flow seamlessly together.
As you approach through the tree-lined, gated entrance, the estate’s innovative design comes into focus, and you’ll immediately sense the property’s peaceful seclusion. The tranquil oasis sits just seven minutes from the vibrant amenities of Coronado, offering the perfect balance of serenity and convenience.
Crafted from repurposed shipping containers, this unique property embodies the perfect harmony of form and function. Each container has been meticulously transformed into a living space, infusing the rugged aesthetic with refined comfort and style.
Living Spaces That Inspire
The main residence features an open-concept layout, with multiple container units seamlessly connected to provide ample living, dining, and entertaining spaces.
Brand-new German kitchens showcase European craftsmanship at its finest. Three-bedroom suites, each with its own luxurious bathroom, provide perfect spaces for family and guests.
Additional 640 sq. ft. partially finished bonus area which can be used or finished to your liking for various uses:
A 2 BR rental unit
A massive master suite
Recreational room/Yoga Studio/ Home gym
Business/retreat space
Potential for B&B or hostel conversion
Multiple outdoor living spaces become natural extensions of the home. Whether you’re hosting a sunset barbeque on the expansive patio, stargazing from the rooftop deck, or lounging by the sparkling pool, each space has been thoughtfully designed for both relaxation and entertainment.
GALLERY
RECREATION CENTER
12,800 Sqft. Building
Gymnasium & Weight Room
9 Offices & Conference Rooms
2 Locker Rooms & 3 Bathrooms
4 HOMES
House 1- 1,248 Sqft, 3bed 2Bath
House 2- 1,236 Sqft, 4bed 1Bath
House 3- 1,792 Sqft 4Bed 2Bath
House 4- 4Bed 2Bath (Needs Renovation)
Manufactured Homes Placed On Permanent Foundations
MULTI PURPOSE BUILDING
7,500 Sqft. Main Floor
7,500 Sqft. Basement
2 Kitchens, 10 Bedrooms, 2 Living Rooms, 9 Bathrooms
New Roof, Fresh Exterior Paint
Interior Ready for Customization
DORMITORY & CAFETERIA
8,530 Sqft. Main Levels
5,070 Sqft. Unfinished Basement
3 Kitchens, 8 Bedrooms, 2 Offices, 1 Living Room, 9 Bathrooms
New Flooring, Paint, Windows, Roof, Central A/C & Much More
FULLY FURNISHED
Everything is Included (What You See is What You Get)
Gym Equipment, Sporting Goods & Office Equipment.
Beds, Desks, Chairs, Tables, Couches, Dressers & More.
Appliances, Cookware, Televisions, Home Decor & Supplies.
Historic Property Photos, Newspaper Archives & Original Signage.
School Bus, Farm Truck, Lawn Mower, Tools & Maintenance Supplies
MULTIPLE STEEL BUILDINGS
2,450 Sqft. Steel Building (3 Garage Doors, 2XL Garage Doors & Workshop)
1,200 Sqft. Steel Building (2 XL Garage Doors & Well Tanks)
1,800 Sqft. Pavilion
First Detached Garage- 676 Sqft (2 Garage Doors)
Second Detached Garage- 676 Sqft (2 Garage Doors)
Utility Shed- 150 Sqft. Shed
House 3- 156 Sqft.
PROPERTY HIGHLIGHTS
MAIN RESIDENCE FEATURES
- Fully renovated with luxury finishes throughout
- Completely furnished and move-in ready
- 3 bedrooms
- 3 full en-suite bathrooms
- Brand new imported German kitchen with high-end appliances
- Open Living room, dining room, and kitchen
-Approximately 2,755 sq. ft. inside living space and 688 sq. ft.
extended covered living space outside
PROPERTY AMENITIES
- In-ground pool
- Fully tree-lined fenced lot with fruit trees
- Extensive outdoor living areas: 2 covered balconies, 2 covered patios, & covered BBQ area
- Rooftop deck partially covered 640 ft (688 sq.ft)
- Outdoor bathroom and shower
- Remote-controlled gate
- Video doorbells (front and back)
- High-speed fiber internet & full security system
INCOME GENERATING OPPORTUNITIES
- 1 BR/1 BA guest apartment with brand new custom imported German kitchen, separate entrance, balcony and 5-star Airbnb rating (🔗Tranquilandia Airbnb Listing)
- Additional 64 m of flexible space which can be used or finished to your liking for various uses:
- A 2 BR rental unit
- A massive master suite
-Recreational room/Yoga Studio/ Home gym
-Business/retreat space
-Potential for B&B or hostel conversion
SUSTAINABLE LIVING FEATURES
- Solar panel system
- 14,000kW backup battery
- Grid feedback system
- Average monthly electric bills under $2
-130 ft deep well with two reserve tanks
- Eco-friendly design
- No monthly HOAs
Own This Luxury Panama Estate
~ Golden Visa Qualified ~
All property measurements are approximate. All information on this website was delivered from sources believed to be correct, but not guaranteed. It is the buyer’s responsibility to verify all property specifications prior to the auction date. Prestige Real Estate Auction, LLC is an agent of the seller. Announcements take precedence over printed materials. Not available to residents of any state in which this real estate is not in compliance with the real estate laws or other laws of that state.
For Complete Terms & Conditions, go to the Property Information Packet on this website.
WHERE PARADISE MEETS OPPORTUNITY
Situated in the heart of the coveted Costa Esmeralda community, the estate offers the perfect balance of privacy and convenience. Just a ten-minute stroll brings you to the community’s glistening beaches, where black and white sand create an on-of-a-kind tableau.
Within a Short Drive, in minutes you can access:
~7 Minutes to Coronado: A thriving expat community that makes transition to paradise seamless
~ World-class golf courses nearby including those designed by legends like Tom Fazio
~International restaurants offering everything from fresh seafood to Asian fusion
~Modern medical facilities and wellness centers
~Vibrant shopping districts and artisan markets
Location, Location, Location
Coronado is a popular beach town located on the Pacific coast of Panama about an hour drive from Panama-City loved by foreigners and Panamanians alike. You have access to several big supermarkets, banks, stores, coffee shops, pharmacies, dental care, veterinary clinics, a cinema, a health food store, and a variety of great restaurants. The San Fernando clinical hospital in Coronado, is one of the most recommended private clinics in Panama as it offers quality care and highly qualified medical staff.
Coronado provides the ideal mix of first-class living and activities combined with beautiful nature – from kilometers of relaxing soft sandy beaches to a wide variety of tropical bird and plant life including many fruit trees like mango, banana, and coconut trees.
There is a local fishing community at just 10 minutes’ drive where you can charter a fishing trip or meet the fisherman on the shore to buy their freshly caught fish. Or if you are more of the adventurous type, you can go horseback riding or quad biking in El Valle de Anton, in the crater of an extinct volcano surrounded by mountains and cloud forest.
Coronado has evolved into the service hub of Panama's Gold Coast, offering:
- Major supermarkets (Rey, Riba Smith, Super 99) - Multiple banks and ATM- - International restaurants and cafes
- Hardware stores and home services - Medical clinics and pharmacies
- Golf courses and beach clubs
- International schools - 24/7 security
Why Live Here?
"I love the neighborhood and our neighbors. The area has so much established greenery. In the mornings I go for a jog ion the beach and can breathe fresh air. It's far away from the busy roads, so there in no noise pollution, waking up to tropical bird song every day."
KATE
CONTACT
Janelle Karas
Prestige Real Estate Auction
Janelle Karas commenced her Real Estate career in 1989 in “list and sell” Real Estate, and has been involved in the mortgage industry, real estate development and investing. Since June 2002, Janelle has worked exclusively in the Real Estate Auction industry and has successfully sold hundreds of properties throughout the United States and Internationally.
- Broker/Auctioneer
In Partnership with Local Agent Valeria Batista License #4510
TERMS & CONDITIONS
Property Address: Costa Esmerelda, Panama, Real Folio No. 30145455, Location Code No. 8801
Absolute Auction: No Minimums, No Reserves
Bidders Registration: All prospective buyers must register to bid. An initial deposit of $10,000 USD in the form of a wire transfer payable to - Prestige Real Estate Auction, LLC or Tanya Coronado | PTY Lawyers| Coronado Panama will be required to bid in the auction along with a signed Terms and Conditions, Property Information Package Receipt, Bidder Registration Card and Initial Bid Form. The $10,000 USD deposit will be immediately returned in the event the bidder is unsuccessful. (Please call for wire instructions).
Initial Bid: To register you are required to submit an initial bid. Once prospective buyers place initial bids and the auction company formally commences the auction, each initial bid is binding on the respective prospective buyer.
Buyer’s Premium: A 10% Buyer’s Premium will be added to final bid and included in Total Contract Price.
Earnest Money Deposit: 10% non-refundable earnest money deposit will be due immediately after being declared the winning bidder. The remainder of the earnest money deposit (above the initial deposit) must be sent via wire transfer to Tanya Coronado | PTY Lawyers | Panama Coronado. Wire transfers must post within 24 hours after being declared the winning bidder. This amount will be applied to the purchase price and will be deposited in the attorney’s trust account.
Purchase Contract: Winning-bidder hereby agrees to enter into an Auction Buy/Sell Contract to Purchase the property immediately upon being declared the Winning-Bidder by the Auctioneer.
For on-line bidders: upon the close of the auction the winning-bidder will be forwarded via email an Auction Buy/Sell Contract to Purchase the property for electronic signature. Purchase Contract must be signed and returned, along with earnest money deposit, within than 24 hours from being declared the winning-bidder or will forfeit their initial deposit.
Closing: The remaining balance of the Contract Price is due in cash or new loan at closing within 30 days of the close of the auction. Transfer of Title. Seller shall convey the Property by means of a public deed transferring the title of the property to the Buyer. The legal description contained in the deed shall be the same legal description listed in the Public Registry of Panama.
No Financing Contingency: By participating in this auction, bidders hereby agree that their bid shall NOT be subject to the bidder’s ability to obtain financing and there are no financing contingencies.
Bidder Information Package: A Package of information has been assembled for this property and may include; disclosures, title documentation, HOA Docs, surveys, inspection reports, etc.
Property Previews: Public Previews are scheduled on specific dates and times. It is highly recommended that all bidders personally inspect the property prior to placing any bids in the auction. Property inspections are the sole responsibility of the bidders.
Conduct of Auction:
Conduct of auction and bidding increments are at the discretion of United Country Real Estate- Prestige Auction, LLC. United Country Real Estate- Prestige Auction, LLC reserves the right to deny any person admittance to the auction.
Broker Participation Invited: Seller is offering a 3% Broker CO-OP to the broker that brings the successful high bidder. Brokers must register their buyer 48 hours in advance subject to establish Prestige Real Estate Auction, LLC guidelines. Contact our office for more information 877-612-8494 or WhatsApp
Disclaimer: All information provided is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. Information is subject to change without notice. Real estate is being sold "As-Is, Where-Is" with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to bidding. All information is deemed reliable but not guaranteed- you must do your own due diligence.
Disclaimer:
Prospective buyer’s submission of registration documents does not constitute commencement of the auction or a guarantee that the auction for all or any of the property will occur. The auction will formally commence when the auctioneer places first bid whether live, webinar or online. Seller and/or auction company have the right to extend the auction date and/or withdrawal any or all the property prior to commencement of the auction. Seller has the right to accept or reject any offers to purchase all or any of the property prior to commencement of the auction. Upon commencement of the auction, property will sell to the highest bidder including Buyer’s Premium regardless of price
Prestige Real Estate Auction
820 S. Monaco Pkwy
Suite 318
Denver, CO 80224
Phone: 877-612-8494
Email: info@prestigeauction.com
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