DEVELOPER
Established in 2003 LANE-MEDINA & ASOCIADOS has grown to become one of the most respected real estate law firms & managers on the Azuero Peninsula, Panama; both residential and commercial. Throughout its 18-year history, LMA is a debt free company with a proven track record, has been able to build and maintain strong relationships with its clients, thanks to its commitment to integrity, honesty, service and quality. Lane-Medina Assoc. is now Medina-Medina & Asociados, with Lane semi-retired “at Counsel”, continuing to manage, innovate, provide legal services & offer real estate products in prime & in-demand locations in the Republic of Panama.
LOCATION
These Pacific Ocean View Cabanas are situated in the Azuero Peninsula, Municipality of famous Las Tablas, Los Santos Province. Panama’s only new 2-lane scenic highway. Only 25 minutes from a choice of several gulf beaches &/or ocean surfing beaches.
CABANAS
These Pacific Ocean View Cabanas are constructed on your own Titled large 1/3rd acre Lot, & the Cabanas are 36 square meters (400 square feet). Las Establas Cabanas is at +/- 500 Meter elevation (1,700 feet) & direct access to the most desirable & celebrated city in Panama-Las Tablas..
These large Scenic Lots allow planning for future, larger homes with your Cabana as a guest residence or rental home, or; even subdividing into two lots for resale.
The Cabanas feature one bedroom & one bathroom, a modular small kitchen with a breakfast bar that opens up to a combined living space. The Cabana also includes a patio terrace area perfect for grilling and entertaining guests, with a small private pool .
High-quality, imported & locally-sourced materials, plus quality finishes that are designed to weather the tropical climate will be used in the construction of these units. The favorable elevation provides an ambient, less humid temperature year-round.
The $159,500 price includes a Panama Corporation in which you choose the name, and shall be the principle officers of the Board of Directors. A Corporate Bank Savings Account opened in the name of the Corporation WITH DEPOSITED $500.00.. Titled View Lot, of 1,420 square meters (1/3rd acre+) with all infrastructure installed. A Cabana as described within this prospectus. .
Availability is limited, so we encourage you to contact us now for the latest availability.
AMENITIES
- The Las Establas Cabanas include a beautiful titled, view lot, exonerated- no taxes
- Medina-Medina creates your own, exclusive, Panama offshore Corporation, your selected name and Board Members
- All taxes, honorarios, fees, commissions, notaries and recordings are included; no hidden or surprise costs..
- A reputable Bank account opened in Corporate name to accept rental income and establish an open-door to Residency. These units are ideal for investors looking to earn rental income on “auto-pilot” as they’re fully turnkey.
- Management contract for those wishing to keep the Cabana for exclusive & private use.
- A first-class rental management team with extensive experience in the area along with an existing database of rental clients will manage the properties on your behalf.
MANAGEMENT will take care of everything::
- Marketing
- Booking Reservations
- Collecting rent
- Check-in and check-out
- Maintenance & Cleaning
- Bill paying
Further, investors don’t have to worry about furnishing their homes. An optional furniture package ($5,000) is available that includes everything needed to set up your unit for appliances, lighting fixtures, curtains, beds, TV, dishes, sheets, towels, etc.
- All investors have to do is invest and collect their rental income, which is deposited to their Corporate bank account on a monthly or quarterly basis.
- Financing payments:
- $20,000 down payment with agreement, Your Panama Corp. formed & we deposit $500 in your new Corporation bank account. $37,500 when Corporate receipt of titled lot in Las Establas in Las Tablas $37,500 when construction completion with Occupancy Certificate.
R.E.Contract avail. 6% – 5 yrs
RENTAL INCOME
The LAS ESTABLAS CABANAS are located on one of the most beautiful scenic 2 lane paved Camino. Private, serene & handy to beaches, and they’ve been designed specifically to meet vacation rental demand for families traveling to this part of Panama..
FREQUENTLY ASKED QUESTIONS:
How many Cabana units are available?
At the moment, only 20 units are available at the current low introductory prices.
When will construction begin on the Cabanas?
Construction of infrastructure of the Cabanas has already begun.
How will unit owners receive rental payouts?
Monthly or quarterly, it’s the investor’s choice. Deposited to your new Corporate Bank Acct.
How is the rental management company marketing the units ?
The rental management company will use several channels to market units including Airbnb, HomeAway, Booking.Com , local newspaper ads, and their extensive referral network. They’ll also leverage their existing client base, many of whom are repeat customers. We’ve been in business for a very long time.
Can foreigners own property in Panama?
Yes, foreigners are permitted to own property outright in Panama. Also, foreigners have the same property rights as Panamanians and will obtain a free & clear title to the property. It is no different than owning real estate in Europe or the US. Panama is quickly becoming the world-leader in attracting foreign investment and immigration. There are literally hundreds of thousands of foreign nationals in Panama who own property and businesses.
COMMISSION: To licensed Brokers, Agents & Lawyers – Ten percent (10%); all others a Two Percent (02%) referral fee
***** FROM INTERNATIONAL LIVING: Panama- A fabulous city with great shopping, restaurants and nightlife…charming small towns…beaches, mountains, islands, rainforest, farmland…political and economic stability…safety and security…the world’s best retirement discount program…modern infrastructure and affordable world-class healthcare…
An easy path to residency including second passport options…great business and investment opportunities…bargain-priced real estate…a very low cost of living…friendly people…and a gloriously warm climate year-round with no hurricanes..
If this isn’t enough to make you want to pack up and move to Panama right now, I don’t know what is.
Contact Us :
Lic. Ledys Esther Medina
Acountant & Lawyer
Tel. No. 011 (507) 6-225-8889
ledysmedina@yahoo.com
Lic Esperanza O. Medina
Consulting Lawyers
Tel. No. 6-717-6214
espe2442@hotmail.com
Property Managers
Tel # (507) 6-678-2278