Located on the Western Pacific Coast of Panama near the the Chiquita Banana Town of Puero Armuelles, Playa Tortuga Chiriqui offers the opportunity to enjoy a lifestyle that beats anything in Central America.
Playa Tortuga Chiriqui is the only fully legal and approved residential project in Baru-Chiriqui, Republic of Panama b y the following ANAM, MIVI, MOP, IDAAN, Ministry of Health, Catastro. So, what does all that mean? Simple…It protects YOU by holding us, the developer, accountable for implementing the requirements of the pervious institutions which govern such projects in the Republic of Panama.
Some words of warning:
In Panama, there are many, many projects that are being constructed in Panama. Some are legal, most are not. What seperates the legal from the non-legal projects are the seals and approvals of the bodies which regulate the projects. Only A Legal Project Is Allowed To Segregate Lots For Title, it will never happen with a project that is NOT LEGAL . We will be happy to show you (In Person, Scheduled Appointment) all of our approvals and seals, which allows us to develop a residential project.
It is for this reason that we can make the statement that we are the ONLY APPROVED Pacific Coastal Residential Project in Baru, Chiriqui. Another factor in the approval process was the fact that our location is outside of the 10 kilometers of the border.
Some Key Points
Legal Project, Can't State That Enough!!!
Playa Tortuga Chiriqui is located 10 minutes away from a 100 bed 24 hour emergency care hospital. Unlike other locations where it takes hours to get to a hospital.
The roads to Playa Tortuga Chiriqui are paved with the exception of the last 1 kilometer which is hard packed gravel. The road to Playa Tortuga Chiriqui does not washout in the rainy season like other locations.
Playa Tortuga Chiriqui is the ONLY approved Pacific Coastal Development in Baru-Chiriqui.
Titled, NOT ROP In the real estate environment that is Panama today, buying ROP in coastal areas is a BIG RISK. You have no way of knowing what other parties also make claim to the property you are interested in. For example we know for fact that many, if not all of the the community next to Playa Tortuga Chiriqui, the residents back 4 years ago signed blank-open documents with more than three different lawyers. This is happening all over Panama with properties being sold three or four different times to different buyers. TALK ABOUT A NIGHTMARE!
Large Ocean Park Area For All Property Owners To Enjoy.
Only 20 to 30 Minutes Away From The Border Crossing To Costa Rica.
One Hour Drive To David.
Local Working Airport.
Gas Stations 10 minutes Away. Other Pacific locations the gas stations are few and far between.
Great Water Sports Available.
Great Weather.
Seclude, Private Access, With A Self-Contained Seaside Community Concept.
New Infrastructure with outstanding good drinkable water pressure.
The weather at Playa Tortuga Chiriqui has been described by one property owner is being like Maui in the Hawaiian Islands. We get a fresh side-onshore ocean breeze that kicks in everyday at 25-30 kph. We also do not experience the rains that the Caribbean side of Panama gets or the rains that the Highlands of Chiriqui receive. Because of the side-onshore breeze it will be clear and sunny at Playa Tortuga Chiriqui while rainy and cloudy elsewhere in the area. Many people that live in Chiriqui try to compare the weather in the our area hotter than that in David. This is not the case because of the proximity of the our area in relationship to the Pacific Ocean and the corresponding sea-breeze.
The location of Playa Tortuga Chiriqui in relationship to the 10 kilometers border zone ( Article 121, revised by Law #2) location of the property is Certified by the Institution of Geography in Panama City.
Playa Tortuga Chiriqui is located across the bay from Punta Burica and is outside of the 10 kilometer border zone by approx. 13.8 kilometers or approx. 3.8 kilometers from the 10K border point (Our Location Implemented) which is located at the first bridge coming into the City of Puerto Armuelles. Playa Tortuga Chiriqui is NOT located on the Peninsula of Punta Burica which lies well within the 10 kilometers of the border. Playa Tortuga Chiriqui is not within the City Limits of Puerto Armuelles which also lies within the 10 kilometers of the border. By being outside of the 10 kilometers of the border the legal status of ownership of property is never a question.
Article 121 of the tax code and the revision made to Article 121 of the Tax Code by Law #2. Article 38. Article 121 of the Tax Code shall read as follows:
Article 121. No foreign natural or legal person and no national legal person of foreign capital, whether partial or total, may acquire land from the State or private persons, which are situated less than ten kilometers (10KM) from the borders. However, the rights acquired upon the entry into effect of the Constitution shall be respected, but the corresponding assets may be expropriated at any time, with the payment of an adequate indemnification. By being located outside of the 10 kilometers your investment will not run into any legal issues of that of being inside of the 10 kilometer border zone.
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