Penonome with Planning Permission

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Neighborhood: Penonome
City: Penonome
Price $: $995,000

Lot Size: 80 acres
Annual Property Tax: zero
Status: Active


Full Description: Cascadas del Tue
Tucked away in the hills, 1000 feet above sea level, Cascadas del Tue is a sympathetically designed sustainable village development of some 32 hectares, where peace and tranquillity abound. Surrounded by undulating hills this stunning community is being built on the banks of the river Tue, with its attractive waterfall and abundant wildlife. Still within easy reach of civilisation; the burgeoning Costa Pacifica lies less than 40 minutes away along the Pan American Highway, giving access to the beaches of Playa Blanca, Decamaron and Santa Clara and numerous others beyond.
Rather than imposing themselves on this magnificent environment, La Negrita Developments has sought to work with the natural terrain that exists, in order to preserve the beauty and biodiversity of this rare river valley. The masterplan for the first 14 hectare phase has already received government approval, and will comprise a small commercial area, condominium block and 28 further residences built on lots ranging in size from 1400 to 4000 sq metres.
Situated just 8 kilometres north east of the historic and bustling market town of Penonome with Rio Tue running diagonally through the centre of the development, Cascadas del Tue lies within the boundaries of the district of la Negrita, a simple hamlet set amongst rolling hills and far from the madness of crowds, but within easy reach of local amenities.
Penonome marks the centre of the isthmus of Panama, lying less than 2 hours west of Panama City along the Pan American Highway. It has excellent local facilities including a new hospital, supermarket and a vibrant market, where friendly local people will sell you anything that you can reasonably require.
The area around Penonome is fast becoming a sought after location, with new infrastructure being built including a new metalled road connecting it with the fashionable hilltop town of El Valle. This road runs close by Cascadas del Tue.
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