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September 30, 2011

Private Hideaway Pearl Island Offers Villas and Home Sites

By Pardhasaradhi Gonuguntla

Pearl Island, Panama – Reported by Elite Traveler, the private jet lifestyle magazine

An hour by boat and 20 minutes by air from buzzing Panama City, Pearl Island is an undiscovered gem sure to attract vacationers who relish utter, unspoiled island bliss that’s still a hop away from a thriving metropolis.

Leading luxury resort developer Dolphin Capital Investors has partnered with Panama-based Grupo Eleta to deliver a premium, sustainable real estate and leisure development complemented by a range of fully managed services. With 30 km of pristine coastline and 14 private white-sand beaches, Pearl Island is a stunning destination, and its developers intend to keep 75 percent of the 6,000-year-old island untouched and flourishing with native flora and fauna.

Perfectly positioned home sites and cliff-top villas with sweeping ocean views are available for sale in several thoughtfully designed neighborhoods on the Cueva Peninsula, the initial founder’s phase of the development. Home sites range from one to two acres in size, and are priced from $800,000 to $2 million. The villas, limited in number, range from two to four bedrooms and can be purchased on a turn-key basis.

The island’s rich ecosystem is home to humpback whales, turtles and over 700 species of tropical fish. Once known for its pearl fishing, it is set to become a top luxury retreat, with a spa and marina, oceanfront beach club, state-of-the-art equestrian center, tennis courts, fitness facilities and a kids’ club all in the works.

A portion of the funds generated by property sales will go to the not-for-profit Island Foundation, which sponsors projects to protect the local environment and wildlife, while re-establishing the natural pearl farming in the region.

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