About La Pintada, Panama

Our development is about 4 minutes from a small quiet town called La Pintada, which has a couple of restaurants, an ice cream shop, a couple of general store type grocery stores a pharmacy and such. The people are extremely freindly and as you walk around at night you can see that they are very social with their neighborhood porch parties. 10 more minutes from there, (15 from the property) is a larger town called Penonome. Penonome is much bigger with many restaurants, several large modern grocery stores, two large hotels, several pharmacies, many clothing and shoe and department stores, several banks etc...... It has all the needs of life. Both towns are growing due to the area growing. There is an airstrip at Penonome and the second international airport is going to be built to acomodate the beach resorts in that area. The beach resorts are 25 min. from Penonome. Penonome has everything you need, the only thing it does not have is that big city feel with enclosed shopping malls and movie theatres. But Panama city is only an easy (no mountainous roads) 1hr 50 minutes from the development. What I like about the area is that both towns are clean and there is a lot of pride in keeping the area landscaped and clean. The temperature at the development is, I would say 82 degrees in the day for a high and around 60 degrees at night in the dry season and probably 68 degrees at night in the rainy season. There are some days in the rainy season where if feels like it may be a little hotter in the day, around 85 or so. But the beauty of this area is that the wind comes from the Atlantic, hits the mountains and goes vertical, gets cool and comes back down and hits the develoment and cools things off a bit. The key for the daytime is to get in a little shade out of the sun and it is perfect. I beleive that if you build a house with some nice shade trees around it, you probably would not need ac in the day, and you definitely do not need it at night. You never feel the Florida Summer type of oppressive heat at the property. The lots are larger here than other developments, to offer both privacy and the ability to have some sort of hobby on your property. You can plant fruit trees, flowers, have horses etc..... we want to attract people that don't want to sit in a condo and die, but want to live a more active retirement life in a warm and beautiful environment. The lot sizes are around 2 acres in Phase I. Phase I lots are going for 16 dollars a square meter which is more than half of what other projects are going for. If you buy a lot in Phase I, my guess is that in less than a year, the prices will probably double. So it is also a great investment. A Phase I lot is around $125,,000. House building costs are extremely reasonable here, with the cost of a 2000 square foot house going for around $120,000. So for 2 acres and a 2000 square foot Spanish Colonial house you are looking at around $245,000 US. We think the advantages of our development are as follows: 1. Very safe, no crime area
2. Secluded, uncrowded development, but close to 2 nice clean towns, and less than 2 hours from Panama city. 3. Public transportation from the development all the way into Panama city or all over the country.
4. Early prices are a bargain for Panama right now.
5. Cooler climate, but not cold like the highlands (Boquette)
6. Very beautiful landscape, with 2 rivers and mountain views.
7. Extremely low cost of living. Full time live in maid 150.00 per month, gardener and driver same. Restaurants and groceries are extremely cheap also, especially away from Panama City. You can live very comfortable on Social Security here.
8. Only 40 Minutes to Pacific Beaches and Golf Resorts and 40 minutes to Caribbean.
9. New International Airport being built in Penonome, 15 minutes away that will have direct flights.
10. Next boom area of Panama.