Nestled just 300 meters from the iconic Lake Atitlán, this lush green oasis in downtown Panajachel offers an exceptional investment opportunity in one of the region's most desirable locations. Situated on a prime lot with 40 meters of street frontage on a main street, this property is one of the few remaining large parcels that hasn’t been fully developed, making it a standout choice for future growth and development.

Property Highlights:

• Expansive Lot: 2,619 m² of prime land with ample space for further development or expansion.
• Existing Structures:
  • Six spacious studio apartments, each with its ensuite bathroom, are arranged in a two-story building (three units on each floor).
  • A charming two-bedroom, two-bathroom main house with a walk-in pantry, updated kitchen, and a cozy stone fireplace.
  • Fully equipped caretaker’s quarters and a laundry room for added convenience.
• Lush Landscaping: The property boasts expansive lawns, gardens, and decades-old mature vegetation, offering a tranquil environment while being steps away from Panajachel’s vibrant downtown.

Development Potential:
This property offers a unique opportunity for investors. The existing setup allows for steady rental income while also presenting potential for expansion. Build additional rental units, vacation homes, or townhomes while preserving the natural beauty of the lush surroundings.

Location:
The property’s unbeatable location provides easy access to Lake Atitlán, restaurants, shops, and local attractions, making it a highly desirable destination for both tourists and expats.

Key Features:

• Lot size: 2,619 m²
• Road frontage: 40.28 meters
• City water and sewage connections
• Most furniture and appliances included in the sale
• Increasing demand for high-end vacation rentals in Panajachel

Investment Opportunity:
With the growing influx of tourists and expats, demand for short- and medium-term vacation rentals in Panajachel is on the rise. This property provides the perfect opportunity to enter the lucrative vacation rental market or expand an existing portfolio.

Don’t miss this chance to own a rare gem in Panajachel with limitless potential. Contact us today for more information or to schedule a viewing!