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Boutique B&B and Owners Residence!

House
Price $1.650.000

Details

 

A rare opportunity to purchase this highly-acclaimed Boutique Bed & Breakfast (called Casa de Montaña) located a short 15-minute walk from downtown Boquete, Panama, in a safe and established neighborhood. Boquete has consistently been on the short list as one of the Top Five Places in the world to retire and to re-invent oneself! That is exactly what they did. They currently rank #2 (out of 28) on TripAdvisor of all the Bed & Breakfast / Inns in Boquete and have been given the TripAdvisor’s Traveler’s Choice and Certificate of Excellence Awards for 2015. Casa de Montaña has also been rated as one of the top ten Bed & Breakfast / Inns in all of Panama by TripAdvisor. In two exciting and productive years they have established themselves as a profitable higher-end Bed & Breakfast with a steadily increasing client base and revenue. Pursuit of another new business venture has resulted in us listing our property (and business) at this time.

If you are ready to live in a diverse community with Spring-like climate all year round, this business/property is for you! If you have been fantasizing about pursuing a new life where you are the boss and can still live a vibrant and full life while you meet people from around the world, this property and business is MOST DEFINITELY for you! Why just retire and not have a source of income? Yes, you can have your cake and eat it too!

Here are some specifics about the property:

Land Size: Just over a third of an acre.
Home Size: 6000 square feet covered space.
Bedrooms: 7 (6 guest rooms and an additional bedroom as part of the master suite).
Bathrooms: 7 Full and 1 Half-Bath. Master bath and another bathroom have a Jacuzzi tub.

The home is designed by Rene Bacil, a well-respected and leading architect in the area. He did a superb job of providing spacious outdoor seating areas, abundant windows throughout the home, and stayed spot-on with the desire to have a contemporary Spanish design for the home. Great landscaping and mature flowering plants and bushes add splashes of color throughout the perimeter of the home. Casa de Montaña Bed & Breakfast truly stands out as an architectural landmark in Boquete. It has been built to the exacting standards of high-end U.S. built homes. The home has been lovingly painted in beautiful bright colors and furnished and decorated with an eye toward staying true to its contemporary design. Each guest room has custom built beds and side tables as well as tables for laptops/writing surfaces. The queen size guest room beds have memory foam mattresses and pillows and high end linens and duvets. There are flat screen televisions, refrigerators, microwaves, programmable safes, and ceiling and pedestal fans in each of the bedrooms. The home has a 5-space parking lot for guests. There is un-official parking for two cars just outside the gate and an additional parking for three more cars across the street. The home is hooked up to a 20 kW G.E. automatic back-up generator that is large enough to supply electricity for the whole house in the event of a power outage. There are surge protectors hooked up for the whole house to protect all the appliances. There is city water supply and a large reserve tank with an automatic pump as well a septic tank for sewage. There is also a worry-free UV water filtration system. There are two large water heaters and an additional smaller one that supply non-stop hot water to all the showers and sinks. There is a large storage/workshop room (aka basement) with a lot of room for you to create a private space in order to indulge in any hobbies of your choice. There is also a storage/housekeeping room on the main floor. There is a separate business office with business machines and all kinds of resources for the guests.

In addition to functioning as a Bed & Breakfast, they have also been providing regular cooking classes, and an occasional wellness workshop as well as catering of special dinners. One is only limited by one’s imagination when it comes to using the space that is available at Casa de Montaña!

The home must be seen in person to appreciate all it has to offer. .

The two-story home has 10-foot ceilings throughout and vaulted ceilings in the dining and livings rooms. The massive sliding doors open up to the large covered breakfast terrace with a gas fireplace and views of the Jaramillo and Alto Lino Mountains. There are steps leading down to two more terraces. Guests have been known to use these spaces for yoga. There is also a private (owner’s) patio with a state-of-the-art dual gas and charcoal grill with a gas burner. The dining and living rooms are large enough to comfortably seat 10-12 people. The gourmet kitchen is designed in such a way as to serve both the owner’s needs as well as the needs of the Bed & Breakfast guests. Every imaginable stainless steel appliance is available in the kitchen such as a five burner stovetop, double oven, warming drawer, ice machine, huge side by side free standing refrigerator and a freezer, a dishwasher and a microwave and even a wine refrigerator! The home has black granite countertops in the kitchen and throughout each of the 8 bathrooms. Each of the bathrooms has glass bowl sinks. The custom cedro wood cabinets abound in this home with clean lines and contemporary fixtures. The master bedroom suite and two of the guest rooms (with attached bathrooms) are located on the main floor. Each of the rooms have their own private access so that guests don’t have to walk through the private residence. These rooms have their own outdoor seating as well. Each main floor and upstairs bedroom has recessed lighting and tray ceilings and dimmer switches to create the kind of mood one wants to create!

The four upstairs bedrooms, in addition to their private bathrooms, have an attached balcony for guests to appreciate their privacy and enjoy the stunning mountain views. The upstairs bar area is a public place for the guests to either cozy up to the bar or laze around on the couch with a book (from the lending library) in front of the gas fireplace during the pleasantly cool days/evenings. The bar is also the place for the evening “Social Hour” where guests have a chance to meet each other and the owners and to share stories of their travel – a great place to mingle while listening to the background sounds of the cascading water feature located in the front of the home on the hill! There is a large laundry room on the second floor as well with two commercial grade washers and dryers to meet the demands of a busy Bed & Breakfast. There is plenty of storage room for all of the linens, towels, toiletries, beddings, extra pillows, room supplies and back-up bar supplies.

If you have made it this far in reading the description of the home and like what it has to offer, let us give you some additional information that will give you a feel for what has already been set up for the Bed & Breakfast part of the home that you don’t need to worry about setting up:

• Property is in a Panamanian Foundation – easy transfer
• Business is under a Panamanian Corporation – easy transfer
• Applied for the property tax exemption
• ATP Tourism license
• Liquor license
• Restaurant license
• Health permit (from Ministerio de Salud)
• Aviso de Operacion – Business license to operate as a Bed & Breakfast
• Approval as a “commercial” building by the Fire Department (Bomberos)
• On-line booking engine (no need to do unnecessary paper bookings!)
• Already set-up on several booking sites such as Booking, Expedia, Hotels, Airbnb , VRBO and TripAdvisor Business Listing
• Factura machine (official Panama government machine to log-in sales)
• Business computer and a combo fax/printer/copier
• High Speed Internet, WIFI and Cableonda Cable service throughout the home
• Commercial smoke detectors and fire extinguishers

To ensure a peace-of-mind for the owners and the guests, Casa de Montaña has 8 cameras located strategically throughout the perimeter of the home with 24/7 DVR recordings being done. In addition, there are several motion detector lights in key areas of the home. There is a fence around the whole property and a lock on the gate. The home is located on Avenida Central (main road, so guests and potential guests can easily find us!), in a very safe neighborhood with excellent neighbors – a combination of Panamanians and expats. There is a great team of experienced, reliable and trustworthy staff (no need to hire new staff right away!). They offer up to a month of hands-on training to the new owners as part of the deal to ensure a smooth transition. The price of the home includes most of the furnishings (except for personal belongings, some electronic equipment and the vehicle). Payment for the purchase of the property can be made directly to either our bank account in the U.S. or to our bank account in Panama. No owner financing available.

General Features

Burlgar Alarm, Cable Net, Cable TV, Central Vac, Dish Washer, Exterior Lighting, Fireplace, Range/Oven, Jacuzi Tub, Satellite Dish, Swimming Pool, Tennis Court, Wood Stove
7
2013
6,000 Sq. Ft
2
Residential
7.5
6
1-036

Contact

The Panama Investor
Panama City, Panama