Beachfront Property On Panama’s Azuero Peninsula
“Part of the group was at the beach, enjoying the sunshine and the sea,” wrote Lief Simon, reporting on his weekend visit to his Los Islotes property on Panama’s Azuero peninsula.
“Others,” he continued, “were walking the hills of the property, enjoying the panoramic views up and down this long stretch of Pacific coastline.
“But those who’d stopped for shade at the palapa had perhaps the best day of all.
“They had clear views of the beautiful nearby islands, of the long beach up and down the coast, and of the Cerro Hoya peaks inland. But what really got their attention were the dolphins, just offshore, doing their best to push schools of yellow fin tuna to the surface.
“The waters between our western Azuero coast and Isla Coiba are known for their great fishing, it would seem, not only among the local fishermen, but among the local dolphin population, as well…”
You could say that Lief spent more than 12 years looking for this piece of land on Panama’s Pacific coast. In those dozen years, Lief tromped beaches from Nicaragua to Honduras…from Belize to Mexico…from Ecuador to Brazil…
Over the past dozen years, in fact, Lief has traveled the coasts of North, Central, and South America…he’s explored the sandy beaches of the islands of the Caribbean and the shores of the Med…
He’s seen coastlines from Thailand to the Philippines, from Vietnam to India…
From Australia and New Zealand to Argentina and Uruguay…
And this is where he chose to focus his attention. Here on the western coast of the Azuero Peninsula, in the province of Veraguas…a part of Panama that is just beginning to attract attention and that sits smack dab in the path of this country’s current progress.
Here, after a dozen years of scouting, Lief and his partner, David Stubbs, have purchased 750 acres with 1 kilometer of Pacific coastline and two separate beaches, one of which continues for 9 kilometers to the south, allowing for long, uninterrupted walks on the sand.
Just offshore Los Islotes are three small islands, from which the property takes its name. Beyond them, each evening, is the sunset.
This coast is the only place in Panama where you can watch the sun set over the water, for it’s the only stretch of Panama’s coast that faces west.
There’s a secluded cove where the waters of the Pacific are calmed and warmed…perfect for swimming.
Nearby are Cerro Hoya National Park and Coiba National Park, a UNESCO World Heritage Site, where jaguars and ocelots roam free and the scarlet macaw is common.
This is a natural paradise, a region of Panama that boasts some of the best deep-sea fishing in the world, plus surfing, snorkeling, and scuba diving. Around Coiba lies the largest coral reef on the Pacific side of the Americas.
On these 750 acres, Lief and David have master planned a private, gated, residential community that will include a Spanish colonial-style town with shops, restaurants, apartments, and a central plaza for daily strolling and nightly entertainment.
Other areas of the property will be given over to individual homes, low-rise condos, casitas, and town homes, as well as a high-end boutique hotel.
Planned community amenities include a gatehouse, a beach club, three pools, an equestrian center, tennis courts that will double as basketball courts, a fitness center, parks, hiking trails, riding trails…even an area of petanque.
All utilities will be underground. The plan calls for central wastewater treatment, fiber optic cable for Internet, and sidewalks.
It’s an ambitious project that will take 10 years to build out in full.
I’m well familiar with the details of the plan, as Lief Simon is my husband and this is something of a family project. I’ll be involved in the designing, the landscaping, the finishing, and the furnishing…
But don’t let our personal involvement in this project cloud your view.
“Buy what you see,” I remind you often. This advice is no less important in the context of Los Islotes.
What do you see at Los Islotes today?
Simply the most beautiful piece of land for development that Lief has found in more than a dozen years of concentrated searching. My description…even photos…don’t do the setting justice. Its undulating hills, dramatic shore and surf, and expansive ocean, island, and mountain views are postcard-perfect.
That, then, is what you’d be buying today. A chance to participate in the development of a piece of land that boasts the best Mother Nature has to serve up anywhere.
Accessed via a paved highway.
Hidden about 75 minutes from the bustling, fast-growing town of Santiago (which will provide the labor and other resources required to carry out Lief and David’s vision for what Los Islotes will become).
In a part of this country where big names with deep pockets are right now making serious and long-term plans.
Furthermore, as of this writing, at Los Islotes, you’re buying into a piece of property officially zoned for development.
This is big news, and it’s come just this week. Lief and David have just received formal notification that their zoning permits have been signed and they now can push ahead with plans for the launch of retail marketing. This is an important step in the overall development process here in Panama.
No, Lief and David can’t (and aren’t) yet offering lots for retail sale. But they are extending, privately, a chance to participate in an early-in Investor Package offering.
Lief and David had been making a similar early-in investor offering for the past year or so…and it sold out.
So I’ve asked them now, now that they’ve received their zoning permits, if they could extend another private investor invitation to Live and Invest Overseas readers…and they’ve agreed.
Specifically, they’ve created additional two-lot Investor Packages. Each package will consist of two ocean-view lots about a half-acre in size (1,800 to 2,000 square meters) each. When you invest, you’ll choose your lots on a first-invested, first-to-select basis.
These two-lot Investor Packages are currently priced at US$125,000, and Lief and David have seven packages available.
To make the decision to invest now a little easier for you, they’ve done something else, as well. For the first time, and, again, on an exclusive basis, they’re offering short-term financing.
You can invest with 50% down, 25% paid three months from the contract date, and the remaining 25% paid six months from the contract date.
Remember, priority in lot selection is based on when you invest. With the current financing opportunity, the seven new packages will go quickly.
Yes, there will be many other opportunities to become part of what Lief and David are building at Los Islotes. But this is your one-time chance to get in early.
When Lief and David launch retail sales (and the countdown now has begun), prices will increase, of course.
As this part of Panama continues to attract attention, from tourists, investors, and the world press, prices will increase.
As the infrastructure in the region continues to improve, prices will increase.
Panama’s recently elected President Elect Ricardo Martinelli is talking of building five new international airports in this country…one in his hometown province of Veraguas. If this happens, the travel time to Los Islotes would be reduced by two hours…and, yes, again, prices would increase (big-time).
Meantime, you have a limited-time chance right now to take a position early.
This is not a retail offering…but an investment opportunity.
I’d say it’s the best one you’re going to find in Panama today.
And Panama? It’s where the smart money continues to find its way.
Lief can tell you more. Reach him by e-mail here: LosIslotes@LiveandInvestOverseas.com.
Kathleen Peddicord
P.S. I’ve been covering this live and invest overseas beat for nearly 25 years. In that time, I’ve had lots of woulda’, coulda’, shoulda’ experiences.
The trouble is that, typically, it’s not clear that you should have bought into such-and-such a market at such-and-such a time…until sometime maybe much later.
I’m telling you that this is the time to buy into this west coast of the Azuero peninsula market. This is the early-in chance. This is the opportunity you’re going to regret missing out on if you don’t go for it right now.
Out here on this stretch of the Pacific, the landscape is being transformed as I write. Better roads, new restaurants, bigger hotels, more people…every time we visit, we’re struck by how quickly this market is moving…
P.P.S. As I said, pictures don’t do Los Islotes justice. Still, take a look.
