Beautiful beachfront parcel with approved plans on Panama`s most rapidly developing coastal stretch. Your direct neighbour is Buenaventura resort with future Nicklaus Golf course. Nikki Beach, Playa Blanca, Decameron, and future Hard Rock Hotel are all within a 5 km radius. This is a highly sought after location and one of a limited number of beach front properties in the area not impacted by the 50 km long cliff running along much of this pacific coast.
The property totals 8 hectares (20 acres) of flat ocean front land with over 500 meters (1,625 feet ) of beach frontage. Pre-project approval in place for approximately 2,000 units including hotel, condo hotel and mixed condo development up to 30 stories. Environmental impact study already approved as well, meaning project is ready to begin sales to the public today. Master plan, floor plans, architectural renderings, and marketing plans in place. Full build-out inlcudes over 2,000,000 square feet, with $400,000,000 in potential sales and $100,000,000 in potential profit.
The property is located within the Designated Tourism Zone No. 4, providing numerous development incentives including no real estate taxes for 20 years, no income taxes on profit of operation, no import duties on construction materials, etc.
