Welcome to Atitlan Terrax

About Us

Ralph Krause  and Leonor Luna de Krause established Terrax, the first Real Estate Agent in Panajachel with more than 25 years of experience.

Our mission is to be a leading and innovative company in the field of Real Estate, offering our customers a personalized service with better quality, price and professional ethics providing information in a fast and effective way.

We have an extensive portfolio of properties that cover the entire Lake Atitlan basin.

If you are thinking of selling, renting, buying or remodeling a property give us the opportunity to serve you.

We have an additional service of Carpentry, Blacksmithing and Fumigation.

US $325,000 Negotiable


Lovely property in Santiago with the most wonderful views of the Lake Atitlan. It has 2 large Bedrooms (up to 9 people) with 2 Baths, Dining Room, Living Room, Kitchen, Jacuzzi, BBQ Pit, Landscaped Gardens, Solar energy, Deck with the most transparent waters of the Lake. treated water, stone paths, hiking, kayaking and the only access to the Villa is by boat.


1635 Square meter
US $325,000 Negotiable
US $330,000

Charmingly cozy and tranquil lake front villa. This tastefully landscaped & manicured property is very private but still within walking distance to the center of town. Fully landscaped right to the lakeshore.                                          

2 bedrooms
1 full bath
living room/dining room
family room
fully equipped kitchen
telephone line 
caretaker house with bath
Boat house
ramp and floating dock

Property is securely enclosed with walls.




  • Great View

 House: 120 square meter (1200 square feet) 
1,800 square meters (approx 1/2 acre) fully registered land (but in total it is more) 



$330,000 US

US $195,000

Large centrally located 2 story house less than 5 minutes walking from the main market in Panajachel. 

Has 4 bedrooms and 3 bathrooms. First level has ample room and kitchen both with high ceilings. Separate formal dining room. The kitchen has access to a private patio. From this patio there are stairs to the second level. The second level has two bedrooms (one with a private bathroom and the other has  a private entrance from the street), another lovely bathroom with a skylight as well as a living room. Another spacious bathroom with shower is on the first level. The third level has a spacious terrace area overlooking Lake Atitlan. Would be easy to convert to 2 sizeable suites as there is also a second entrance.

Would be a good rental property. 





  • very central
  • rental property


Land: 300 mt² (3200 square feet) 
Building: 250 square meter(2700 square feet)



US $200,000

Impressive 4 acre development property located higher up - above as well as below the main road and also has lakefront frontage. Mainly paved road connects to Panajachel and a short 2 hour drive to Guatemala City Airport or the Pacific Coast from both large pieces of this land. Near San Antonio and has its own private 100 square feet of beachfront. Property gracefully slopes at a 35 degree angle which provides the best views of the lake and volcanoes from every point on this property. The gradual slope also makes this perfect terrain to develop on. Optional developments include a hotel or spa, lakefront restaurant with marina, luxury bungalows, ecotourism development. A master plan could also be made to develop a gated community for retirement or secondary homes or could be subdivided into lots and sold individually. 

Electricity is available. Water at this part of the lake is very clean and deep. Likely has natural hotsprings as neighboring property does. Property has road access and boat access. 

Investors will see significant appreciation in land values when the newly opened road from San Antonio Palopo to Agua Escondida is paved as planned in the near future. 

Enquire Now as large lakefront land parcels, especially with top class views, road and boat access are becoming rare!! And this is priced to sell as the market value is higher. First $200K takes it. 




  • Excellent development property


Land size: 4 acres (16,000 square meters)



US $500,000

This large lakefront property is be used as a Commercial Property, at this moment is a hotel but can also work very well as a B&B, a retreat or luxurious private residence. Located in a clean bay with its own dock, protected from wind and sunbathing area. 

The buildings have been placed spaciously throughout the beautifully manicured tropical garden with its own waterfall as well as an abundance of beautiful palm trees. There is also a lovely windowed Palapa which is a quite and cozy restaurant on the waterfront. 

The land inclines softly from a paved road through the property to the lakefront. The views are superb from all corners of the property.  Located near the center of San Marcos. Has its own parking space from the main road.



  • multi-purpose
  • commercial
  • investment


Land: 3000 square meters(3/4 acre)

Buildings: 250 square meters ( 2500 square feet) 


$500,000 US

US $280,000

Large 3 bedroom house in central Panajachel located close to the banks and hotels, secure and quiet. Has 3 full baths, living room on main level and family room (or gorgeous office) upstairs. Has unique floor plan with skylights. Covered parking as well as a covered deck. Cypress ceilings. Master bedroom has a balcony with views of volcanoes and sunsets. Has heated jacuzzi, swimming pool and beautiful gardens all enclosed by 8 foot high walls for complete privacy. Enough parking area for 5 vehicles. Includes an above average sized caretakers house that could potentially be turned into a rental. 

With all these features this property could easily become a profitable Bed and Breakfast or keep it as your own retreat within Panajachel.

Includes all furniture.



  • private hidden location

Land: 800 square meter (8600 square feet)
Building Sixe: 343 square meter (3700 square feet)

$280,000 US negotiable


Guatemala and Lake Atitlan

Of all Guatemala's natural attractions, perhaps the most beautiful is the volcanic caldera of Lake Atitlan (Lago de Atitlán) and its unforgettable highland setting that has seduced travelers for centuries. Its various bays and inlets give the lake an irregular shape, but it measures about 19 km (12 miles) long, 12 km (7.5 miles) at its widest point and over 300 meters (1,000-ft) deep. Lake Atitlan is known as the most beautiful lake in the world.

Lake Atitlán is transcended by three towering volcanoes, Volcan San Pedro, Volcan Toliman and Volcan Atitlán. In addition, there are a dozen or so lakeshore villages and towns around the Lake. The Mayans are known for their friendliness and are welcoming of strangers. Some are Kaqchikel, some Tz'utujil and they all speak different dialects. So the lake villagers have been accustomed to dealing with strangers who don't speak their language, long before visitors began arriving on holiday. 

Panajachel is in the mayan highlands and is an 800 year old village of about 14,000, mostly Kaqchikel Mayans and some foreigners. Panajachel is packed with hotels, restaurants, lively nightspots with souvenir shops and stalls lining the main street. Of all the lakeside villages, Panajachel is the place where most head to first and has become a center for the tourist trade, providing a base for visitors crossing the Lake Atitlan to visit the other villages.

Lakeside Pana's appeal is all about its position overlooking the lake and volcanoes and its laid-back atmosphere. Transport connections are superb, with regular buses and shuttles and boats linking Panajachel with the other lakeside towns & villages around Lake Atitlan.


Our carpentry has the expertise to meet your needs. We can work on small individual home projects and large projects too. Our company maintains that the finished project is only as good as the...

We offer to our customers a personal service on-site and at our workshop. We are able to fabricate windows, gates, railings, staircases, balconies, beams and anything else you care to mention made...

We offer indoor pest control, rodent control, and termite extermination to keep your home or business safe.


We eliminate all types of pests in...