For Sale | Pedasi | Panama
6 Bedroom | 7 Bathroom | 535.48 m² (5764 Ft²) | 555 m² (5974 Ft²) | Previously listed at $375,000
JUST REDUCED FOR QUICK SALE $295,000
In recent history, Casita Margarita was the hottest bed and breakfast in Pedasi. A place where locals and expats alike would congregate to discuss local politics and town happenings. For many who now live in this town, Casita Margarita provided their first experience here, and there is no doubt that the ambiance contributed to their excitement in moving to Pedasi. With its traditional Panamanian style and Spanish influence, the building has a lot of charm!
Built about twenty years ago as the private home one of Pedasi’s bedrock families, the property converted in 2008 to a well-loved hotel offering fishing and activity tours. Inside are five bedrooms, a fully-stocked kitchen with service for about thirty people, an office,library, sitting room, dining room, and second kitchenette with bar in the back terrace. Outside is a very welcoming veranda with seating for about 25 people. Lovely gardens and a functioning fountain create a very pleasant ambiance. Additionally, there is a separate building for laundry, storage, and a large single bedroom with private bath, perfect for the live-in owners or to convert to something new!
Casita Margarita presents multiple opportunities for usage with incredible visibility on the main road at the edge of town when going to Playa Venao. We see a great location for a restaurant, school, spa, cafe, fishing hostel, virtual office or to be converted back into a beautiful single family home.
Highly motivated sellers have drastically reduced the price for a quick sale. Casita Margarita won’t last long at this price! Don’t let this opportunity pass you by!!!
Known as “The Pearl of the Pacific”, Pedasi is the hidden gem of Panama. Its several quiet, pristine beaches stretch for miles along what is known as the Tuna Coast. Located on the southeastern tip of the Azuero Peninsula, about five hours drive from Panama City, the town is known for its safety and simple beauty. Visitors and residents enjoy world-class surfing and sport fishing, scuba, snorkeling, whale watching, swimming, beach-walking, and many folkloric culture events. Without a single stop light, the town has a charming, tropical appeal. A bilingual school is on the horizons for this town which will soon make it a premier destination for families in addition to the retirees who have happily called Pedasi “home”.
Age of Property: Approximately 20 Years
Source of Water: IDAAN
Source of Electricity: Fenosa (city)
Titled Lot: Yes
Tax Exempt: No
Total Construction Interior and Exterior : 555 m² | 5974 ft²*
Total Construction Interior Main Structure : 184.66 m² | 1988 ft²*
Total Construction Finished Exterior: 298.65 m² | 3214 ft²*
Total Construction Ground Level : 429.81 m² | 4626 ft²*
Total Construction Upper Level : 105.67 m² | 1137 ft²*
Exterior Laundry/Storage/Maids Quarters: 52.17 m² | 562 ft²**
*Measurements based on Public Records. Buyer to verify
**Agent measured space, buyer to verify
- Five Hotel bedrooms complete with beds, linens, bathroom linens, and desk/dresser, chair
- Kitchen complete with over 30 complete table settings, alcoholic beverage glasses, utensils, serving platters, pots, pans, cups, glasses and coffee cups
- Professional blender, coffee service, electrical skillet
- Appliances: Two refrigerators, dishwasher, two freezers, Beverage refrigerator, two washers, two driers
- Air conditioners in all bedrooms, office and indoor dining area.
- Separate, standalone room and full bathroom for operator’s living quarters, maids quarters, storage facilities or to rent.
- Computer with access to all accounts used to run Bed and Breakfast
- Website, domain name
Casita Margarita has a license to operate as a Bed and Breakfast. This includes the serving of breakfast foods and alcohol to overnight guests. It does not qualify as a restaurant, café or bar under the current licenses. This license also is registered with the Panama Tourism authority and allows for marketing as tourism destination.
From the date of accepted offer, Buyer will have seven days to complete all due diligence and physical inspections, at buyer’s expense.
Property sold in AS IS condition.