Family Compound Panama,
Three Villas Oceanside

These three, 4 Bedroom Villas are offered for sale in a TITLED compound on the shores of the Pacific Ocean in Puerto Armuelles, Panama.

This compound has its own private gated entrance which leads 350 yards to the beach and has municipal Power and Water.

There are Three villas in this compound.

The First villa is Casa SORRENTO. It features a back-up solar system with a spring fed well. 2,000 square foot of living space with 4 bedrooms, 3 bathrooms and 4 patios and the roof top patio has ocean views.

If sold separately the asking price is $189,500 USD.

MORE pictures further down.

The second villas is "THE OASIS." It has city water and power, is fully titled and if sold separately the price is $154,500 USD.

MORE pictures further down.

The third villa is the "MIAMI." This has water and power to the house but the interior needs plastering,tiling and painting.

If sold separately the price is $64,500 USD.

MORE pictures further down.

The compound has approx. 3 acres of walkeable property. Each lot is over 1,000 square meters and is 13.5 kilometers from the border and the port city of Puerto Armuelles. From the gate entrance it is approximately 350 yards to the beach.

The gated entrance leads onto a rotunda and the main avenue.

All three villas share the same basic design but the SORRENTO home has the most features.

The SORRENTO has a garage and small rear balcony which leads in to the kitchen.

Passing through the living room you come onto the south facing patio.

Passing back in to the home a corridor takes you to the downstairs guest bed and bathroom.

Going upstairs you find 2 more bathrooms and 3 bedrooms.

A doorway from the master bedroom leads onto the south facing, mid-level patio.

Finally climbing a set of stairs you reach the roof and the fourth patio.

and depending on how high the jungle has grown-yes there is even an ocean view.

This is the view from the beach toward the port.

The second finished villa is the "OASIS." This is finished throughout and has city water and power. This is a possible rental.

If ALL THREE properties are purchased SEPARATELY, the price would be:

CASA SORRENTO: $189,500

THE MIAMI: $64,500

THE OASIS: $154,500

Making a total of $408,500.

The DISCOUNTED price if all 3 were purchased is  $375,500

Offer good until October 1 2020


For further details and possible financing, email us (The Dells) at

chiriquivillage@gmail.com

We are the owners of all three homes and we currently live in the SORRENTO Villa.


Courtesy of Wikipedia

Puerto Armuelles is a city and corregiemento on Panamas coast in western Chiriqui Province next to Costa Rica. It is the seat of Barú District. Puerto Armuelles is the second largest city in Chiriqui provincewith a populationnear 25,000, and has two different type of deep-water ports one for bananas and one for oil.

Overview

Puerto Armuelles is a beach town right on the Pacific Ocean. Starting in 1927, the town was literally built by Chiquita Banana (formerly called the United Fruit Company The name, Puerto Armuelles, was given to the city in honor of one of the heroes of the Coto war, Colonel Tomás Armuelles. Colonel Armuelles was a member of the Panamanian Defense Forces (PDF). On March 18, 1921, he died in a train accident during the Coto War between Panama and Costa Rica. Puerto Armuelles had formerly been called "Rabo de Puerco" or "Pigtail".

Puerto Armuelles is in the Chiriqui Province of Panama. The capital of the province, David, is 60 miles (97 km) away. It is only 5 miles (8.0 km) from the border with Costa Ricaas the crow flies yet the actual border crossing lis 21 miles (34 km) away at the town of Paso Canoas. Panama City is some 235 miles (378 km) way, or approximately 6–8 hours drive on the Pan American Highway.

Puerto Armuelles' most famous citizen is Omar Moreno, who was a baseball outfielder from 1975 to 1986 in the U.S.

Puerto Armuelles was once the center of a Chiquita Banana's thriving banana business. Then its workers started striking and other activities designed to harm Chiquita Banana i.e. United Fruit Company Finally, in 2003, Chiquita sold its now unprofitable Puerto Armuelles business to a cooperative of local banana workers, called Coosemupar. After Chiquita left, Puerto Armuelles' population dropped significantly. In 1990, its population was 46,093. Then in 2000, only 22,755 people remained. In 2010 the population was at 20,455.

 As of 2017,  Del Monte will start producing bananas in the old Chiquita Banana plantation lands in Puerto Armuelles.

Puerto Armuelles is in the Chiriqui Province and next to Costa Rica on a shared peninsula

Panama fought Costa Rica in the 1920s near Puerto Armuelles in what is called the Coto War. This war was fought over a relatively small piece of territory. Panama was victorious. However, in 1940, Panama gave the territory back to Costa Rica. This happened after the dispute was mediated by the U.S.A. and found in favor of Costa Rica. The President of Panama decided to abide by that ruling although it was a very unpopular decision in Panama. An interesting side note is that today Panama and Costa Rica both have no military, just a civil defense force. Both countries, although doing so decades apart, felt that this was the only way to end military takeovers of their governments

Heavy industry and petroleum

Puerto Armuelles does have some oil-related employment due to the size or lack of it, of the PanamaCanal The Panama Canal cannot handle supertankers and therefore not able to cross over to the Atlantic and then onward to the refineries of Houston and the Gulf coast. About 6 miles away from Puerto Armuelles, on Punta Burica, in the deep water of Charco Azul or in English "Blue Ditch" they found an ideal place to bring in those Super Tankers and unload. They would then put the oil into Panamax tankers so the oil could then cross the canal and on to the U.S. refineries Very soon after that operation started, they realized it would be better to have a pipeline. They built the pipeline in 1982, at that same spot, which they dubbed the Petroterminales of Panama or PTP. The pipeline starts at the PTP and ends at the town of Chiriqui Grande, on the Caribbean coast in the Bocas del Toro province. The pipeline goes over the mountains between the PTP and Chiriqui Grande with the help of pumping stations like that at Boquete. From there they fill supertankers with the oil and they transport it to

Road to Puerto Armuelles

U.S. refineries. At one time there was alot of talk of a refinery being built out by the PTP. In 2006 it was announced that Puerto Armuelles was in the running to be considered for a refinery. Occidental (OXY) said they were interested. At the time, it was estimated that the refinery, with a cost of about $7 billion dollars, will be able to process 400,000 barrels (64,000 m3) of heavy crude from Mexico South America, and the Middle east In 2009, due to the economic downturn globally the plans for a refinery were put on hold. Now, in 2016, it seems extremely unlikely that a refinery will ever be at the PTP. However, they did increase the number of oil holding tanks at the PTP. The oil holding tanks are so large that you can see them from the town of Puerto Armuelles.

Downtown shore line

Earthquakes

Center of Puerto Armuelles

Earthquakes have hit Puerto Armuelles several time including one in July 1934 and another on Christmas night 2003 both of which killed several locals. On July 1, 1979 an earthquake hit Puerto Armuelles, which destroyed the poorly built multistory high school (fortunately it was a Sunday afternoon). The oil terminal also suffered extensive damage worth $2 million, including the loss of a very expensive part into the deep water of Charco Azul, and, although divers were contracted, the steep descent of the oceanfloor led to the part rolling off and never being recovered.

Beyond the earthquakes which are common anywhere in the Pacific Rimof fire, Puerto Armuelles' weather is tropicalweather for latitude 8.28333 degrees. Highs around 92 °F most days and lows around 72 °F at night. The beach is nearby if it is too hot for you or up the mountain, Baru, which towers over the area at 11,400 feet (3478 m) high, and can be seen from hills of Monte Verde. Puerto Armuelles currently is "a company town which lost its company" according to the weekly newsletter "So you want to retire to Panama" May 9, 2005 edition by Paradise Services. Also the mass migration of the young people to the big cities, particularly Panama City, has been on going for decades just like in the U.S. rural areas.

Future of Bananas In Puerto Armuelles

The worker's cooperative, Coosemupar, did not do well after Chiquita left. In 2003, Coosemupar, with government help, purchased Chitiquta Banana's Puerto Armuelles banana operations. Coosemupar did not do well. They were many reasons for this, but regardless of why, for many years they relied on the Panamanian government to continually bail them out. Coosemupar tried to sell its operations for years, but no new banana company has wanted to start a business saddled with Coosemupar's enormous debt. Finally, the government said enough and they refused to subsidize Coosemupar any longer.

However, the government, like Coosemupar wants to sell the banana plantations and operations to a banana company. Consequently, in January 2012, President Martinelli and members of Coosemupar, signed an agreement that states that the government will: 1) Pay off Coosemupar’s 19.7 million dollar debt. Which means the 24 banana plantations will then revert to Government ownership. 2) Give relief and land to the plantation workers who still live on the plantations. 3) Sell the 24 banana plantations (fincas) to company(s) that will provide the greatest number of jobs.

DEL MONTE have come to Puerto and the fincas are now producing bananas once again..

Road Expansion & Port

During President Martinelli's term, money was allocated to widen the road to Puerto Armuelles from a 2-lane into a 4-lane road. This is the road that links PUerto Armuelles to the Pan American Highway (called the InterAmericana in Panama) at Paso Canoas. Paso Canoas is the border town of Costa Rica and Panama, on the Pan-American Highway.

According to the Panama government, one of the key reasons for this road expansion project is to service a proposed deep container port outside of Puerto Armuelles. The proposal is for this multi-purpose port to include 217 storage facilities, a deepwater container, future cruise ship port, and a marina. The idea is that the expanded road and the proposed port would create what the Panama government is callings a 4 lane “dry canal” highway connecting Puerto Armulles to Chiriqui Grande on the Caribbean side of Panama. They are hopeful that it would have a similar economic effect as the “wet canal” in Panama City.

As of 2020, the road expansion is about 95% complete.