Welcome to the fourth in this series of Panama road trips for 2011. We have already been back to Pedasi three times this year, meeting with customers and enjoying this incredible place that is still undiscovered by most people, even with many Panamanians who have never ventured out of the City past the gold coast. While the inventory of rooms in Pedasi was once counted on a couple of hands, there are numerous places to stay now and enjoy in this place I call Paradise! Plus the real estate opportunities that we will show you are at the lowest price that they will ever be and the availability to the best is very limited. As I like to say, think Costa Rica 20 years ago!
Let’s take a look at these places in Paradise.
This trip, we stayed with 4 other couples in a multi million dollar villa in the development called Azueros which is one of Panama’s premiere developments and the area is home to some of the wealthiest families including a billionaire who has a home around the corner. After tossing around those kinds of numbers, let me tell you that the rate is only $1,400 per night for entire villa. Welcome to Villa Esplenderosa
Our villa was ultra comfortable and we had one of the most soothing night’s sleep listening to the thunderous surf breaking below us. The stars were so thick out at night that the milky way was like a banner across the sky!! We had a pool, full gym, sauna, steam, Turkish bath, media room, 5 bedrooms and a roof top bohio, bar and grill.
It was birthday time for two of the girls so we did plenty of partying! Eat, drink and be merry.
The Azueros development was a project that was designed by an old world architect from Europe who brought in artisans to train the local people. Local craftsmen have learned to use native wood, stone and old world techniques of construction here in Pedasi from the designer Gilles Saint-Gilles at this project Azueros. It rivals anywhere else in the world. This area is like the riviera of Panama.
You can also still buy oceanfront property in this market from 40 cents per square foot for larger parcels to $10 per square foot for an ocean view lot in a gated community with quality infrastructure. This is of course today, not 2 years from now. Also, there are only a few properties that have title and usage up to 72 feet from high tide here in the Pedasi area.
Some of the estate homes in the area are incredible but can still be built for around $100 per square foot.
With a canvas like Pedasi, creating your dream home can come easy. We have architects and builders who can work with you to insure that no detail is left out.
A short drive from Pedasi town is Venao beach, a very bohemian place like Playa del Carmen was in Mexico before the market exploded. Unlike Mexico, Panama does not have hurricanes!
Venao has big time Vibe. The area is magical and one can ride horseback on the beach, fish, snorkel, visit a local beach bar and restaurant, eat the local specialty fresh caught red snapper or yellow fin tuna, have a cocktail and watch the sunset. For the more adventurous, try surfing in this beginners to medium rated surf, or just sit back with a mojito and watch the beautiful people carve the waves. We can offer you ocean front land or land in the hills above the beach.
A breeze comes in off of the Pacific Ocean and is more than welcome beneath the hot, tropical sun in the clear skies above Pedasi, Panama. Residents and tourists visiting Pedasi relax to the soothing sound of nearby Pacific waves that greet the sandy beaches and rocky shores. The hustle and bustle of city life is unknown in these peaceful Panamanian hinterlands. One of the outposts of the Azuero Peninsula, small and quiet Pedasi, Panama seems to exist in another time and place.
My wife Susie and I have been looking at homes in town and on the ocean a short walk from town where there are a couple of nice projects.
The oceanfront lots there are fabulous and each has access down to the beach below.
You can buy a small ocean view lot for $124,000 or an oceanfront lot with an incredible beachfront for under $375,000, again all underground utilities and a filled to grade building lot right on the ocean.
Two and a half years ago when I came here for the first time, all of this was on paper and roads were being cut in. Now the infrastructure has been built and there are a couple of dozen homes going up this year. Most of the first phases are sold out and we looked at the second phase lots, many of which have already been sold. That is not bad for the market conditions that existed during 2008 to 2011. Pedasi has reached the tipping point and it is definitely on its way up.
Come see for yourself what makes Pedasi special but don’t wait too long. “There is a slowness to Pedasi; a rhythm in the way people live day to day. It’s inevitable that in a few days you will slow down. Your hurry will turn into a cold beer (for 50 cents), waiting for the local taxi to pick you up and take you to visit Isla Iguana, an island that everybody talks about with good reason. When you get to the beach the fisherman that has been waiting for you doesn’t question why you are late. There is no need for an explanation: everybody is late. He starts the engine and somewhere on the way the hum of the engine becomes hypnotic, the ocean slaps against the side of the boat, a light occasional spray covers you. The water is warm, salty, rich and inviting. The ocean translucent, in a nutshell this is Pedasi.” – Jose Goldner, poet.
Pedasi, a small fishing village where people who come here like it that way!!
You can find most of your necessities in Pedasi including medical care and banking needs. A short one hour drive and you can get to Las Tablas, a modern town where you will find just about anything else you need. Pedasi has a regional airport and is less than an hour’s flight from Panama City and a four and a half hour drive by car.
Come visit, come stay and live in Paradise!
Tom Brymer
In the US call 305-448-1003
In Panama call 6810-1074