WE ARE PLEASED TO ANNOUNCE THAT PANAMA ADVISORY INTERNATIONAL GROUP HAS BEEN SELECTED TO REPRESENT THE DEVELOPER OF ISLA PALENQUE’S SHOWCASE VILLA IN THE SALE AND LEASEBACK OF “THE ROOSEVELT VILLA”, A MULTI LEVEL 5 BEDROOM, 6 AND ONE HALF BATH OCEAN SIDE VILLA LOCATED DIRECTLY ON THE BEACH AT ISLA PALENQUE.
Quick Facts
Price: $1,200,000
Proposed Leaseback: 4 year primary term where the Developer pays $8,000 per month in Net Net Rent with no maintenance obligations or cost to investor. The return is 8%. In addition, the investor is entitled to stay at the Resort for 40 nights per calendar year at no cost.
The Property
Consisting of approximately 5,400 square feet of covered space, 3,060 sf of enclosed space and a total of 7,630 square feet of built area this villa was completed earlier this year and is being used as the luxury Eco-resort’s boutique hotel. In addition to the two master suites, there are 3 additional guest bedrooms, one of which is in a private guest house, a garden room, den, large kitchen and pantry, infinity pool, entertainment pavilion and sundeck below on the ocean. Isla Palenque will be the home to a select number of owners who appreciate the beauty of this island and the harmony that exists between the land and the low density project that is underway with the upcoming ground breaking on the first 12 homes that have been sold. You too can join them with this unique opportunity to own and use your luxury villa and at the same time earn a good return on your investment. See the Floor plan here. The Roosevelt Villa For a photo album, click here
The Location
Located directly on the ocean on Isla Palenque the property has incredible views of the Pacific as well as it’s own private beach just steps away from the lower deck.
Isla Palenque is a private island located off of the coast of the Chiriqui Province in western Panama. It is situated little over one hour’s drive east of the City of David, home to one of Panama’s newest International Airports as well as numerous shopping centers, specialty shops and hospitals. Access to the island is by yacht from the small fishing village of Boca Chica or by private helicopter that can be provided directly from the David airport.
The Offering
The property is being offered for sale fully furnished, where the Developer will leaseback the property for a term of 3 years on an absolute triple net basis with no ownership responsibilities. The price being offered is $1,200,000 and the monthly rent is $8,000 per month for an 8% rate of return. The developer will pay for all utilities, association fees, property taxes and/or special assessments. In addition, the owner will have the right to occupy the “best available room” at the resort’s hotel for up to 40 nights per calendar year. Details of the leaseback can be seen here. Villa Sale Leaseback Term Sheet
Isla Palenque
A “Sanctuary from Civilization”, this secluded island paradise consists of 400 acres of property.
In the heart of the Gulf of Chiriqui, Panama you’ll find Isla Palenque, a long-forgotten island sanctuary where extraordinary wilderness enjoys careful stewardship by an eco-resort development company founded on the principles of natural and cultural preservation. This characterization of Isla Palenque as a place of refuge goes much deeper than our own present-day experiences on the island: in ancient times, the island was revered by indigenous tribes as a place of sacred significance: they called it “Palenque”, meaning sanctuary.
Isla Palenque is some 400 acres, with five miles of coast and over a mile and a half of soft volcanic beaches, ranging from a large, zebra-striped crescent beach which faces the setting sun and forms most of the island’s southwest side… to numerous secluded private and hidden beaches, known only to those who explore the island extensively.
Stunning views of the ocean stretch in every direction, whether from one of our pristine beaches, wild rocky outcroppings, serene coconut groves, or craggy ridges covered with ancient trees.
Isla Palenque’s beauty doesn’t stop at the coast; the island offers an incredibly lush and varied interior. Hike dramatic bluffs in a verdant tropical forest, take in the view from gently rolling hills, pass along primordial lagoons, or study precious mangroves: our 220-acre nature preserve provides miles of trails for exploration.
Isla Palenque is an idyllic habitat for an enormous variety of native plants, animals… and the favorite island hosts, several troops of howler monkeys that visit the resort daily.
The Villa has a variety of living areas from the ensuite rooms to the open areas on several levels
The main suite has a bath area that opens to the jungle outside
The great room on the upper level is very sumptuous and cozy offering a respite from the noon sun and has a wireless environment
Directly off of the great room is the infinity pool that waterfalls to the lower level.
Down on the lower level there is a huge bohio with a full wet bar and service to the restaurant area.
Below this is a private dining area on a platform over the ocean. Truly, luxurious island living at its best.
For more on Isla Palenque visit the Web Site and learn about Sustainable Development
Learn more about the Developer see Amble Resorts
For a journey to this Paradise, let me take you to Fantasy Island
Contact us for more on this unique offering and the fly and buy program where we will pick up the expenses of your trip to Panama and the Resort.
IS FOR LIVING
LIVE TO SWIM
LIVE TO DIVE
LIVE TO SURF
LIVE TO RIDE
Hi Tom
Great property. I’m not in the market right now but would love to know who the architect was for future reference when I build my own dream home.
Thanks
Daniel