Full Description

TWICE THE AMENITIES AT HALF THE PRICE
Just a brief stroll from the first tee, and just 9 miles from the marina, this project of luxury villas was designed for those who enjoy nature and the comforts of urban life. A private, gated golf community near the ocean; it combines a number of unique amenities at an affordable price and is situated in the capital city of Cocle, Penonome, in the geographical centre of the Republic of Panama.

These fabulous villas offer all the luxury features in demand from investors at a substantially more affordable price than similar beach and gated communities in the surrounding area. Offering 3 beautifully designed villas with spacious floor plans and meticulously maintained grounds, residents will enjoy VIP treatment at the golf course and enjoy the use of tennis facilities, a fitness centre, swimming pools, ecological path, hammock area and club House in the exclusive social area.

The Marina in the Pacific Ocean is just 9 miles away in the historical Delta of Rio Grande, now used by local fishermen and pleasure seekers alike. Founded in 1581, Penonome for many decades and still today it is a holiday hotspot due to its close proximity to mountains and beaches. Here you will find medical services and hospitals, banks, supermarkets, shops, etc, all at a lower cost of living than Panama City with less humidity as well. It is currently a district of 60,000 habitants with numerous sports activities such as fishing, golf, horseback riding, hiking, and bird watching. Nearby attractions include the Fisherman's Marina (9 miles), the pre-Colombian site of El Cano ecological park (15 miles), thermal waters and therapeutic Natural spas (20 miles), a par-72 golf course (15 miles) and 3 other par-72 golf courses not more than 50 miles away.

The development will include "El Pueblito", a XIX-century replica town with Colonial architecture, shops and restaurants, which will become the centre for all tourist trips of the area and include a health fitness centre, an internet cafe, hotel-suites, and a small business centre with offices for rent by the residents. A nine-hole par-3 golf course surrounds the property, allowing residents to enjoy the view and facilities of more expensive projects. A uniquely scenic ecological trail will give residents an unforgettable experience.

Key selling points and investment justifications:

- Halfway between favourite ecotourism destinations of Chiriqui and urban Panama City
- High resale value due to low density of single-home units and catering to North American expats
- Investor-friendly landholding corporation regime and 15-year property tax regime
- 15-minute drive from Pacific beaches and mountains
- New construction

PENONOME VILLAS
Panama, All Regions, Penonome

Chalets / Villas / Estates 201m² to 246m² €185,685 to €219,446
Classic - Buy to Let Property
EXPECTED CAPITAL GROWTH UP TO: 20.00%