Isla Palenque is a island in the Gulf of Chiriqui about thirty minutes from the small port of Boca Chica, Chiriqui Panama. This is the last of three posts about what we experienced in one weekend exploring Isla Palenque.
The island is the polar opposite of the desert Island of Daniel Defoe’s novel Robinson Caruso. Isla Palenque is tropical rain forest and most of it will remain as it is, a nature preserve. The coasts and beaches, about five percent of the island, are scheduled for development. The development is environmentally sensitive, no clear cutting, minimal environmental footprint. The developer is integrating the homes into the landscape as much as possible.
The entire island is privately owned and varies between 400 acres at high tide and 440 acres when the ocean recedes and reveals some wonderful sand beaches and great tide pools.
We stayed in the current six room resort which will become someone’s home and ate some wonderful food. In addition we took a hike, saw some howler monkeys and a lone monster iguana marching the narrow roads cut into the island.
The developer Amble Resorts, is an American company and is selling innovative houses on the island. I doubt anyone will want to live on Isla Palenque full time, so the houses have the option to enter a rental pool. If you did decide to invest $300,000 or more in a home you will have the potential to reap some rental income. If you choose not invest and just want to rent for short stays there should be many options to choose from.
Houses are selling and many more have been reserved. The developer is doing something not seen in a Panamanian project, they are using a US based escrow company. Buyers put down a deposit into escrow with payment due on delivery, something that makes purchasing pre-construction a bit safer than normal in Panama.
If you ever wanted to have a piece of a tropical island for escape from reality this might be an opportunity for you. I suspect we will be intermittent visitors and enjoy the change from the mountains periodically.
For more information see their website. This is the LINK to their website for more information.