For Sale

House For Sale in Mariato

$ 900,000

"Villa Papagayo", as this spectacular home is called, sits upon a 4693.76 square meter (+1 acre) titled lot inside the gated community of Morrillo Pacific Heights, overlooking the Pacific Ocean and direct sunset views! Ideally suited for large families or groups, the main level of this fully furnished luxury home has 390.31 m2 (4,200.64 sq.ft) of enclosed living space, plus a massive swimming pool and deck. The additional tier includes three independent luxury suite apartments (1-bedroom efficiencies, each with their own kitchen and bath), which share a plunge pool and spacious deck overlooking the expansive ocean below. You and your guests will be welcomed with a massive double high wood-inlaid ceiling entrance, leading to an open dining and butler's bar area, easily seating 20+ people. The large, enclosed living room with huge open kitchen features luxurious finishings and appliances, including a spacious pantry and two more guest bathrooms. The primary bedroom features an amazing ocean view, has a spacious walk-in closet with custom-crafted mahogany built-ins and huge bathroom with double sinks, bathtub and shower. The generously sized second bedroom includes a walk in closet and large bathtub with spa jets and shower. This floor also includes a laundry room with maids’ room (or kids bedroom), plus a large enclosed garage. Opening onto the large pool with massive deck, you and your guests can listen to the waves on the shores of Mata Oscura Beach, while enjoying 180-degree Pacific Ocean and sunset views. The Villa Papagayo luxury home has a total fully enclosed living area on the top floor of 500 square meters (5,381.96 square feet); plus 170 square meters (1,829.86 square feet) of roofed but open space; and 575 square meters (6,189.59 square feet) of open space. The total constructed area of the home, including enclosed space, roofed open space, and open space, is 1250 square meters (13,454.88 square feet). Main House Includes: Living Room: The living room is very spacious 73.21 m2 / 788.00 sq.ft), enclosed with air conditioning, with all glass windows and sliding doors for open ocean and pool views, high end mahogany hardwood paneling on walls and doors, fully equipped with 2 large comfortable sofas and multiple chairs for seating over 10 people, plus a huge 48" smart TV, and spacious guest bathroom with high end finishings. The living room sliding glass doors are designed to offer the flexibility of leaving the space open to the cool morning or evening breezes coming off the expansive ocean nearby, and the home is uniquely designed for taking advantage of cross ventilation. Kitchen: The kitchen is open to the living room and very spacious (16.85 m2 / 181.34 sq.ft) with ocean and pool views, beautiful granite counter-tops, masterfully custom crafted high quality hardwood cabinets, fully equipped with high end top of the line appliances (including full size gas stove top, full size oven, large refrigerator, full size microwave, toaster oven, dish washer, and fully equipped with pots, pans, dishes, all kinds of cookware, and silverware for entertaining large groups), and includes a massive granite bar and chairs that seat 8 people very comfortably. Pantry: The pantry room is conveniently located behind the kitchen, it is very spacious (7.38 m2 / 79.45 sq.ft) with custom built hard wood cabinets and shelving, with a large freezer for extra freezer storage. Dining Room: The massive (103.50 m2 / 1114.0647 sq.ft) dining room is located at the main entrance to the house, in the middle between the enclosed living room / kitchen and the side of the home that has the main bedroom, laundry, garage and guest bathroom, and it has huge double high ceilings with masterfully crafted hardwood paneling, with high end ceiling fans and lights. It is an expansive, spacious outside dining area with a massive hard wood table for seating groups of up to 20 + people, with a well designed cross breeze entrance, plus a full guest bathroom, and a fully equipped high end butler's coctail bar, all fully covered yet open to the ocean breeze, craft-fully designed a few steps higher than the pool deck, offering this dining space a spectacular unobstructed ocean and pool view. Laundry Room: The laundry room is very spacious, air conditioned, fully equipped with washer and dryer, sink, cleaning supply storage cabinets, and adjacent is a small bedroom with a bunk bed for 2 maids (or for kids) who can use the shared full bathroom in the dining area. Master Bedroom: The master bedroom is very large (45.5 square meters / 489.76 square feet) and spacious, fully furnished with a king size bed, 2 chairs, a desk, and large glass sliding doors offering a spectacular open ocean and pool view, with high end curtains for light entry with privacy plus blackout curtains. It includes double high ceilings and fan, new split-style high efficiency air conditioner, plus a large walk in closet (9.55 m2 / 102.780 sq.ft), fully equipped with high end custom hardwood cabinets, drawers and shelving with hangers for clothing. The large en-suite bathroom (15 m2 / 161.46 sq.ft) includes high end double sinks with fine granite counter tops, a large luxury ceramic bath tub, plus a separate large shower that could fit an entire family of 4. The master bedroom also has well designed indirect lighting, high quality ceiling fan and a comfortable desk and chair. Second Bedroom: The second bedroom is very spacious (22 m2 / 236.81 sq.ft), with a king size bed, side tables, chair, desk, double high ceilings, nice lighting, ceiling fan with lights, new high efficiency split style air conditioner, a large walk in closet and large bathroom with fine granite counter tops bath tub plus a separate shower. Pool: The home has a large pool with high end ceramic tile finishings, real coraline deck siding around the pool edge, with a huge, tiled deck area, all with a spectacular ocean and sunset view, with an outside pool shower, pool chairs, and stainless-steel railings around the pool deck. Garage: The garage is very spacious (40.2 m2 / 432.71 sq.ft), with an automatic high end (US quality) new aluminum vertical sliding garage door for easy entry, for vehicle storage or for use as a general storage area. The garage also has an access door to the outside yard on the left side of the home. Guest Suite Apartments: Downstairs, below the pool deck, there are three very spacious and comfortable, fully furnished and air-conditioned guest suite apartments, each with their own complete luxury kitchen (fully equipped), spacious bathroom and closet. These rooms have sliding glass doors and curtains with light entry soft white plus blackout curtains. The three guest apartments share a small plunge pool and a large open deck with wonderful unobstructed ocean views, plus a stainless-steel railing surrounding the deck area. The guest suite apartment number one has an area of 39.56 square meters (425.82 square feet) of enclosed space. The guest suite apartment number two has an area of 39.58 square meters (415.27 square feet). The guest suite apartment number three has an area of 41.75 square meters (449.39 square feet). Plus, the apartments have an independent side access and a private laundry room. Location: This property is conveniently located inside of a gated community called Morrillo Pacific Heights, where the owners enjoy privacy and security with an enclosed general gated entrance. The community is well managed, and the surrounding area is well kept with nice landscaping, and concrete road entrance. This is the actual house location on google maps: https://maps.app.goo.gl/TTzchJn88PjZVPHg8?g_st=com.google.maps.preview.copy Access: Getting to the property is easy, the road is perfectly new and fully asphalted all the way from the Pan-American Highway in Santiago to the entrance to the Morrillo Pacific Heights community gate. From Panama City, it is a 3-hour drive to the small City of Santiago (Province of Veraguas), and from there it is about a 1.5 -2-hour drive to the property (+/-5-hour total drive). You can also fly from Panama City (Albrook Airport) to Santiago City on a private charter flight and then rent a car or taxi from there. Contact me for details on charter flight operators. Beaches: The nearest beach to the property is Playa Mata Oscura, which is a dark sand beach famous for its turtle nesting activities. There is also a river mouth at the end of the beach with a port called "Puerto Nance" where there are sport fishing boats ready to take you sport fishing off the coast of the Western Azuero Peninsula and Cebaco Island. From the property to the Mata Oscura beach is only about 1 km in distance, in fact, it is so close by that from the house you can hear the waves crashing on the shore. The next closest beach is Playa Morrillo, about 10 km up the road towards the village of Torio. Playa Morrillo is famous for its amazing waves for surfing. Surfing enthusiasts from all over the world visit Playa Morrillo for surfing this incredible beach break offering powerful and big surf with amazing tube rides for experienced surfers. Playa Torio is a 15–20-minute drive. Playa Reina is a 30–40-minute drive where you will find a nice easy point break and river mouth for surfing. Shopping, Restaurants and More: The nearest small supermarket is the Bramador in the village of Quebro, about 9 km from the property, there you can find the Bramador restaurant and gas station. You can also go the opposite direction to Playa Morrillo and Punta Duarte where there are a few hotels and small eateries. At the village of Torio, about 15 km from the property, you will find several restaurants, a few shops and hotels. And finally, at Mariato, the main town and commercial center of the Western Azuero Peninsula area, you will find many restaurants, a few hotels at Playa Reina, shops, larger supermarkets, banks, hardware stores, hospital, pharmacy, Municipal government offices, police, and many other services. Activities: The Western Azuero Peninsula area is famous for its abundant waterfalls. This area is surrounded with nature, rivers and several waterfalls that are close by within a short drive and hike. With the Cerro Hoya National Park nearby, there is abundant wildlife, all kinds of birds, iguanas, monkeys and other animals frequent this area, offering great hiking and bird watching opportunities. Many visitors also come to this area for the amazing sport fishing activities that are offered off of the long Western Azuero coastline and multiple nearby islands such as Isla Cebaco, as well as the world-famous Hannibal Bank off the tip of the Coiba National Marine Park, which is a 3-hour boat ride from the Western Azuero Peninsula. The surfers also enjoy surfing the nearby beach break of Playa Morrillo on small to medium swells and surfing the point break and river mouth of Playa Reina in the town of Mariato on larger swells. Healthcare: Public healthcare in Panama is mainly free (in some cases there are minimal costs). The nearest small public hospital and emergency care facility is in the town of Mariato, about a 30 - 40-minute drive from the property. There is a larger public hospital and another private hospital in the city of Santiago, about 1.5-2 hours drive from the property. For major healthcare needs, you would need to go to Panama City (5-hour drive), where you will find world class health facilities at the Panama Clinic and the John Hopkins Hospital at Punta Pacifica. Schools: Currently there are only public schools offered in this area up to high school (12th grade) at the town of Mariato. Mata Oscura, Torio, and Malena each have local public elementary schools, up to grade 6. Public education in Panama is in Spanish (English is also taught but very minimal) and is free and open to both locals and foreigners who are residents. Most expats who live in the area use online home school platforms for their children. House construction: Concrete block walls. Poured concrete columns. Fiber cement roof (Panalit) PVC double pane windows and sliding doors Hard wood doors Wood paneling throughout the house Indirect lighting High end fixtures, fans and appliances Stainless steel exterior railings for pool area. Drop ceilings decorated with hardwood. Surrounding area: Spectacular ocean views, close enough you can hear the waves crashing on the shore of Mata Oscura Beach. Sunset views facing southwest. Watch the whales in whale season (July-Nov). The area surrounding the house has many fruit trees, open yard space, gardens with flowers and other beautiful plants. Close to waterfalls. Grocery stores nearby (9 km) in Quebro (Plaza Bramador). Restaurants in Playa Morrillo, Punta Duarte, Torio and Quebro. Access road is asphalt from Panama City and concrete road entry into the Morrillo Pacific Heights community. Utilities and Miscellaneous Info: Electrical Power service is using independent meters and cost is $0.22/kwH. Water is provided by a communal well using underground spring water, that costs approximately $10/month. Back-up propane gas power generator (Generac). High Speed Fiber optic internet. Spring fed water from communal well. Property tax exonerated (zero property tax). Gardens and fruit trees surrounding the property. Financials: Monthly rental income high season: Monthly rental income low season: Total annual rental income: Monthly Expenses: Electric: $250-$500/mo (independent meter) Internet: fiber optic $51.53/mo Water: community well $10/mo HOA Maintenance Fee: $105/mo Propane Gas: propane $10/mo General house maintenance: $250/mo Pool maintenance: $100/mo Gardener: $120/mo Cleaning lady: $25/day x 3d/w x 4 = $300 Total Monthly Expenses: +/-$1200 /mo Annual Expenses: AC maint. (8 AC units): $30/ac/6mo = $500/yr Refrigerator / Freezer maintenance: $100/yr Gas Generator maint.: $250/6mo= $500/yr Corp tax: $300/yr Insurance: $300/yr Prop tax (land): $0 Prop tax (improvements not reg.): $0 Fixed Annual Expenses: +/-$1700/yr Fixed + Variable Annual Expenses: +/- $13,700

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