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Punta Caracol Acqua Lodge in Bocas del Toro, Panama, is made up of nine overwater suites that are two stories high. Solar panels installed on the roof provide electricity to the cabins. Although the vibrantly colored bungalows are more no-frills than some of the others on this list, the remote and peaceful location is a big draw. Built over the Caribbean Sea along a mile-long coral reefed coast, the shallow waters are fantastic for snorkeling. If you're lucky, you might even spot dolphins frolicking offshore while lounging on the deck.