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Home Real Estate

Construction & Community-Los Islotes

Kathleen Peddicord by Kathleen Peddicord
Nov 20, 2012
in Real Estate
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Los Islotes Beachfront Community
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How In The World Did We Find This Place?

“How did you all ever find this place?” wondered the attendees from last week’s Offshore Summit who Lief and I escorted on an overnight visit to Los Islotes last weekend.

Fair question. Los Islotes isn’t on the way to anywhere.

Five years ago, Lief and a friend, David Stubbs, spent more than a year scouting Panama’s Azuero Peninsula. They’d identified this region as the logical path of progress in this country. So they traveled up and down Auzero’s east coast, looking at Las Tablas, Pedasi, Chitre, Pocri… Then they traveled up and down Azuero’s west coast, exploring the shores around Mariato, Torrio, Arenas, Quebro… A few things became clear.

First, the western coast of the Azuero Peninsula has what Lief and David perceived as a geographic advantage over the eastern coast: It’s hillier, making for dramatic and ever-changing views of the Pacific Ocean from almost any point.

Second, from this side of the peninsula, you can watch the sun set over the water each night.

The third thing that Lief and David recognized years ago when they started paying attention was that Azuero’s western coast was also decidedly less developed than its eastern coast. Less developed means more potential.

Several more months of focused scouting along the stretch of Azuero’s western coast that Lief and David agreed was the most naturally beautiful led them to the cattle ranch called Los Islotes. They were wowed and invited me on a return visit. I agreed. These 300 hectares had everything we’d been looking for—a long stretch of beachfront…hilly terrain along the coast, meaning almost every point on the property has a water view…mountains in the near-distance on the backside, meaning more views…a protected cove for swimming and, a little farther along the beach, frothier waters, great for surfing…plus three little islands just offshore, one of which you can walk to via a land bridge at low tide.

Standing on the beach at Los Islotes this past weekend with the group from the conference, I remembered those early days and all the twists and turns we’ve navigated since. Surveys, inspections, environmental reviews, water analysis, approvals, permissions…then more reviews, approvals, permissions…then, oh, wait…more reviews, approvals, permissions…until, finally, just this month, the last of 17 required stamps, meaning we’re finally, at long last, we’re assured, once and for all, fully compliant. Good to go.

Standing on the beach with our group of 18 last weekend, I looked up and down the long coast in both directions and couldn’t help but smile. Things are about to get interesting.

We’ve got the stamps. We’ve got the master plan. We’ve lined up the equipment and the crews. Our architect is finalizing the drawings for the first houses. Our project manager Gary is chomping at the bit.

As soon as it stops raining, Gary and his guys will begin moving dirt.

Lief and I have been imagining what we’d like to create at Los Islotes for a long time. Now we’re in a position to get to it.

Construction of the first houses will commence in January 2013.

And I can’t wait.

Kathleen Peddicord

Continue Reading: Finding An Affordable Rental In Belize

Tags: 'Los Islotes'David StubbsLief Simonoffshore summit
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Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her newest book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

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