World Class Fishing and Water Sports Resort

Panama

Reasonable offers considered

Property Details

Panama
Pearl Islands/Isla Rey/Punta Coco
27 Acres
Reasonable offers considered
IRRG01

No Map Available

Description

HECTARES (27 acres) ON PUNTA COCO, ISLE DEL REY, LAS PERLAS ISLANDS

LOCATION! LOCATION! LOCATION!

Located 60 miles from Panama City, Punta Coco is a one-of-a-kind location for some of the world’s best off-shore bill-fishing and local coastal fishing. The property is located 30 minutes by air or three hours by boat from Panama City. A paved 4000-foot US government built runway is located less than one kilometer away and is accessible by road from the property. Panama City has a ferry service that runs twice weekly to and from the Island.

ALL APPROVED PERMITS FOR:
• Hotel/ Restaurant/ Spa Isla Del Rey
• Class II Marina ? 20 Year Concession
• 162 meter (500-foot) Pier and Mooring Buoys
• 2 x 20,000 gallon (40,000 gallon) Diesel Tanks ? Storage & amp; Sales
• 8,000 gal Gas Tank ? Storage & Sales
• Large Pool
• Tourism Permit (Pending) ? Tax Exemption
COMPLIANCE WORK COMPLETED - START CONSTRUCTION IN 30 DAYS

The property is located in an environmentally sensitive region that is strictly protected by the National Environment Authority (ANAM) and by the Aquatic Resources Authority of Panama (ARAP). Numerous field consultants worked for over three years with ANAM and ARAP supervisors to complete a rigorous series of studies required to comply with regulatory standards concerning land and marine wildlife habitat, groundwater, fuel
storage, indigenous trees and plants, and archeologically sensitive areas.

Once field work was completed on land and under water, further effort was required to complete the process of acquiring development permits and approvals of architectural and building plans for the construction of the hotel, marina and surrounding infrastructure.

With all of the detailed compliance work completed, this unique 11 hectare (27 acres) site is now ready for immediate development. The marina has been approved for the storage and sale of both diesel and gasoline to boaters and will open the area to hundreds of boats from Panama City which currently cannot fish the area without fuel and fresh water supplies.



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