How much property is left for sale?
While we have sold over 80% of our preliminary supply of phase I Villas, we still have a limited supply of lot's and villas in our sales inventory. The additional build-out of phase I will offer different concepts and price points to the discerning customer. Stay tuned for these announcements.
Will all of the land be developed?
No. Of the approximately 68 hectares in phase I(about 168 acres) only 30% will be developed. The areas which will be developed exist primarily on land that was formerly used for cattle ranching and teak plantations. The vast majority of the land will be preserved- especially tracts of primary rain forest system that we want to protect. Foot trails, lookout points and interpretive displays will provide access and a forum for education of the beauty and importance of the land and wildlife.
Can you rent your property and if so for how much?
Yes, you can choose to rent your property when you are not there. We have a professional Resort Management team to assist you in this matter and rates generally start at about $1500.00 per week. These rates are currently offered on a discounted basis because of the global economy and semi-completed status of the resort. We expect as much as $3,000.00 per week when the economy rebounds.
Who is your typical client?
The majority of our clients are not only looking to retire in the years ahead but are attracted to the adventure of island living. Many are looking to take advantage of current opportunities in the real estate market. About 90% of buyers are from the USA and there is substantial interest in our development abroad as the word is getting out about our project and the Bocas area in general. Many of our clients have experience with real-estate and understand the value of Caribbean property (particularly as baby boomers begin retirement). Property investors have been attracted to Red Frog because of its unique location and our project is well positioned to appreciate in the mid to long term.
What amenities will the resort offer?
This 168-acre beachfront island community is located just off the Caribbean coast of Panama and is only 30 miles southwest from Costa Rica. The beautifully designed homes on 1/2 acre lots will include tile and stone flooring, granite counter tops, stainless steel appliances and private pools. The resort will offer spectacular Caribbean white-sandy beaches, beautifully designed resort pools, two tennis courts, a spa and gym facility, a 119- slip marina, fishing boat-charters, scuba-diving, surfing, fine restaurants, exotic waterfalls and pathways. The rainforest preserve and Caribbean waters are resplendent with life: over 6300 species of plants and animals have been recorded in the region.
How big are the lots?
The lots are all approximately 1/2 acre. Since we are not developing 70% of our total property there is an enormous amount of "common area." We believe that the amount of rainforest left untouched at Red Frog will make this resort truly unique.
Is the beach private?
All beaches in Panama are designated public beaches. However, unless you have access into the resort (either own or are renting your unit) it is very difficult to reach our more secluded beaches.