COASTAL DEVELOPMENT OPPORTUNITY IN BOCA CHICA

ESPERANZA OCEAN BAY | COASTAL DEVELOPMENT OPPORTUNITY IN BOCA CHICA Punta Bejuco, Boca Chica, Chiriquí Approximately 8 Hectares | US$4,000,000 A unique opportunity to acquire an established coastal development project in Punta Bejuco, Boca Chica, combining beach access, elevated ocean views, existing infrastructure, subdivided lots, and additional land reserved for future development. Set along a peninsula and surrounded by tropical scenery, Esperanza Ocean Bay enjoys a distinctive coastal setting, with views of the Pacific Ocean, surrounding islands, and mountains. One of the property’s key features is access to a protected cove with approximately 200 meters of swimmable beach, sheltered from the open ocean by offshore islands. The property also provides access to a second beach, adding another attractive element to its residential and hospitality potential. A DEVELOPMENT ALREADY IN PROGRESS The approximately 8-hectare property was originally conceived in two phases, allowing development to progress while preserving additional land for future expansion. Phase I has already undergone development and is serviced, with more than 20 individual properties subdivided, ranging from approximately 1,000 m² to 3,000 m². Existing infrastructure includes internal concrete roads connecting the lots and extending toward the beach and proposed future dock area, walking paths, electricity, internet, and one existing water well, with a second well currently in progress. Phase II has been land-banked for future development, providing the next owner with additional flexibility to expand or reposition the project according to their vision and applicable approvals. The property’s rolling and elevated topography creates different levels throughout the development, offering privacy between areas and multiple vantage points overlooking the ocean and surrounding tropical landscape. COASTAL SETTING WITH ROAD ACCESS Despite its private, secluded atmosphere, the property is accessible by road. The paved road now reaches the main gated entrance, followed by approximately 1.4 km of unpaved road to the project. This improved access provides convenient connectivity to David and its airport, hospitals, shopping, and other essential services, while maintaining the natural character and privacy that distinguish the Boca Chica area. The property is located near the Gulf of Chiriquí, a Pacific coastal region recognized for its islands, beaches, tropical landscapes, and marine environment, contributing to the area’s appeal for residential and tourism-oriented development. An existing two-bedroom residence positioned on one of the higher areas of the property is also included in the sale. With terraces and ocean views, the home is currently operating as a vacation rental through Airbnb. AN ESTABLISHED FOUNDATION FOR THE NEXT STAGE Esperanza Ocean Bay offers much more than undeveloped coastal land. A meaningful portion of the groundwork has already been completed: subdivided properties, internal roads, utilities, pedestrian paths, beach access, and an established first phase, together with additional land reserved for future development. The project offers flexibility for a future high-end residential community, boutique hospitality concept, vacation-home development, or a combination of residential and tourism uses, subject to applicable approvals. For an investor or developer, this represents an opportunity to acquire a coastal project with an existing foundation and continue its next stage of development in one of Chiriquí’s distinctive Pacific settings. Offered as a complete development project for US$4,000,000.