5-Bedroom, 4.5-Bathroom Home with Large Lot for Sale in David, Chiriquí

$ 1,500,000
Frente a Riba Smith, David, Chiriquí,
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ID : 1617
Price: $ 1,500,000
Lot Size: 500 m2
Property Size: 5,150 m2
Rooms: 5
Bedrooms: 5
Bathrooms: 4.5
Garages: 5

Description

Large Property with Investment Potential in David

This property represents an excellent opportunity for investors seeking to acquire a large-scale real estate asset in David, in an area beginning to attract new commercial developments.

The residence offers approximately 500 m² of construction on a 5,150 m² lot, equivalent to more than half a hectare. The new Riba Smith development is located directly across from the property, a factor that may increase activity, visibility and the appeal of the area.

Its generous size makes it suitable as a private residence, a high-end renovation project, or a concept focused on lodging, wellness, corporate offices, professional services or private activities.

Layout and Features

  • 5 bedrooms, spacious and filled with natural light.
  • 4.5 bathrooms, conveniently distributed for residents and guests.
  • 2 living rooms, ideal for creating separate social areas.
  • Formal dining room, with space for family or business gatherings.
  • Enclosed kitchen, with cabinetry and multiple work surfaces.
  • 2 balconies, overlooking the green areas and surroundings.
  • 2 terraces, suitable for gatherings and outdoor activities.
  • Separate gazebo, which can serve as a social area or a venue for private events.
  • Bar-ready area, perfect for complementing the entertainment spaces.
  • Existing swimming pool, requiring repairs and offering the potential to renovate the recreational area.
  • Garage for approximately 5 vehicles, convenient for a large family, guests or staff.
  • Electric gate, providing convenient vehicle access.
  • Fully fenced property, offering greater privacy and controlled access.
  • Expansive green areas, with established gardens and room for additional amenities.

A Versatile Property with Multiple Possibilities

The combination of a large residence, extensive outdoor areas and multiple social spaces allows the property to be adapted to a variety of concepts.

It may function as a high-end private residence, a multigenerational family home, or a project focused on lodging, wellness, offices, private retreats or exclusive events. There is also room to add gardens, extra parking, recreational areas or other improvements suited to the chosen project.

The property requires certain renovations, particularly in the pool area, giving the new owner the opportunity to update it and develop a concept aligned with their vision.

Location Across from Riba Smith

One of the main attractions for investors is its location directly across from the new Riba Smith being developed in the area.

The arrival of this supermarket may generate greater activity and make the area more attractive to residents, businesses and new real estate projects.

For a buyer with a medium- to long-term vision, this property brings together three important elements: a large lot, a substantial existing structure and a location directly across from Riba Smith.

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Address: Frente a Riba Smith, David, Chiriquí
City:
County:
Country: Panamá
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Balcony
Bar
Electric Gate
Fenced
Garden
Pool
Social Area
Terrace

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