Eco-conscious buyer sought for undeveloped islands off Panama — asking price: $100 million


News from Panama / Wednesday, December 30th, 2015

100 million island

What do actors Johnny Depp, Leonardo DiCaprio and Mel Gibson have in common besides box-office successes? They’ve all succumbed at one time or another to a sort of island fever and ended up owning their own.

Now three tropical islands off Panama are for sale at $100 million. The undeveloped Cayonetas Islands, available for the first time in more than 35 years, include about 50 beaches, 19 miles of coastline and 1,800 acres.

The trio — Bayoneta, Cañas and La Caida islands — are home to endangered turtles and 12 emerging sub-species of birds not found on the mainland. Up to 30% of the land is eligible for eco-conscious development. The rest is designated to remain a nature preserve.

The islands are set in Panama’s Las Perlas archipelago, about a 20- to 30-minute helicopter ride from Panama City.

Pangea World, a company focused on sustainable development and scientific exploration, is the co-seller.