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Cebaco Island

Hidden beaches flanked with palms, clear turquoise seas, and dense rainforest dotted with waterfalls are the hallmarks of Cebaco Island, a Central American gem located less than five miles from Panama's Pacific coast. The nearly 20,0000-acre island is nestled between nationally protected marine areas in the Gulf of Montijo in the underwater ridge connecting the Galapagos Islands and the Costa Rican island Coco. Dolphins and migrating humpback ...

Hidden beaches flanked with palms, clear turquoise seas, and dense rainforest dotted with waterfalls are the hallmarks of Cebaco Island, a Central American gem located less than five miles from Panama's Pacific coast. The nearly 20,0000-acre island is nestled between nationally protected marine areas in the Gulf of Montijo in the underwater ridge connecting the Galapagos Islands and the Costa Rican island Coco. Dolphins and migrating humpback whales are often spotted offshore, and three small fishing communities reside on Cebaco Island’s northern coast.

A sizable piece of this tropical haven is now available, 7,410 acres of freehold land made up of almost 5,000 acres of mature forests and 2,500 acres of established plantations filled with native hardwood trees — representing a net present value of USD 5,000,000 for the wood and a harvest value of more than USD 15,000,000. Three camps with facilities for more than 120 workers are on site, but currently only 15 people reside in them. The property also includes two residences: a four-bedroom beach house with sweeping ocean views on the island’s Playa El Cedro, and a three-bedroom house on the mainland located about 500 feet from Playa Reina, locally known as a good surfing beach. Approximately 378 acres, encompassing the best beachfront and viewpoints of the property, have been divided into 22 lots for development and are in the titling process. If these parcels were sold, they could conceivably generate more than USD 10,000,000.

The next investors in Cebaco Island also are in a great position because maintenance is minimal, and there are no taxes on future plantation income due to registry under the reforestation law. No property taxes apply either, because the land ownership falls under possession rights that are well documented and respected in Panama. The island’s proximity to Panama City, a short flight away, further enhances its profile as a developer’s dream.

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