Originally built as a 10,000-square-foot private home, this mansion lends itself to multiple uses subject to the new owner's wishes.
It could be a boutique hotel, an upscale hostel or B&B, a sprawling multi-family residence, a high-end seniors' retreat, or it could be divided into individual residences.
Located in Jaramillo Centro, the property is secluded and private, yet only minutes away from the town of Boquete.
A grand entrance with stained glass doors and a sweeping staircase opens to the dramatic living room and dining area. This space has soaring ceilings, a stone fireplace, and glass doors that open onto a large, covered terrace with stunning 180-degree views of Boquete, Volcan Baru, and all the way to the Pacific Ocean. The inviting space is a spectacular common area whether it be for a family, or as a lobby for a hotel or hostel. Its open configuration and proximity to the kitchen make it an ideal space for events and group gatherings. The generously proportioned kitchen has abundant counter and storage space. Along with the usual appliances, the kitchen also has two ovens, a large island, three sinks, granite countertops, and a butler’s pantry. This floor also includes an en-suite bedroom and a guest powder room.
The entire upper level is made up of an extensive master suite. The large bedroom has a beautiful balcony overlooking Volcan Baru and Boquete, while the master bath is spacious and well-appointed. The his-and-hers walk-in closets are quite large, one even has its own balcony facing the front of the property, with mountain views. There is an office off the master, with access from the master and also from the indoor balcony. The entire suite is so large that it could easily be divided up into multiple bedrooms. A large storage room can be found upstairs as well, plus a large extra room and a laundry room.
The configuration and size of the lower floor allow the space to be used in a variety of ways. It could be built out as a separate unit with a kitchen, or additional en suite bedrooms could be added. The bonus room could become a dorm-style room, an activity room or another en-suite bedroom. Multiple entry points to the lower level from the exterior are an added benefit for access regardless of function. This property includes an elevator shaft ready for elevator installation to all three levels. This residence is fully gated and has a 2-car garage, a 500-gallon water reserve tank, water filtration systems, and beautiful outer grounds with two electric entry gates.
A full set of plans for the property is available upon request. Panama's legal and tax structures make it a pure tax haven, as it imposes no income, corporate, capital gains, or estate taxes on offshore entities that only engage in business outside of the jurisdiction.