The owner of this gated community is from Texas and Oklahoma. After years of working overseas in Asia he first visited the power house of Central and South America… Panama in 2002. Looking for property that reminded him of parts of Asia where he had spent much of his adult life working, he found Boca Chica, Panama and bought roughly 1,200 acres and called it Istana Properties. With designs of it being a family compound, he was enticed to develop a 200-acre parcel on the oceanfront and rivers edge at the Rincon River, soon to be named Rincon Beach Estates. Rincon Beach Estates and Boca Chica are now only a short drive from David, Panama in Chiriquí Province due to the construction of 4 lanes on the Pan-American Highway. The Enrique Malek International Airport is in the second largest city in Panama. The airport was recently remodeled and is ready for International flights. There are daily flights from Panama City to David and their airport is now under a major expansion program.
On a clear day you can see Coiba Island to one side and Isla Parida on the other. There's a smaller island, Isla Venado,where you can swim and fish for lobsters. Farther offshore you have some of the world’s best sportfishing and for those familiar with this sport, Hannibal Bank and more are close by.
Panama is a multi-cultural nation and is renowned for its banking and favorable tax laws. Their financial system is based on the US dollar and English is widely spoken. The Panamanian Government has recognized the importance of tourism to their economy. The government has created an atmosphere which welcomes marine and tourism industry growth and development by simplifying the regulations for obtaining concessions, gathering permits, and registering assets/property as well as the modernization of infrastructure as seen in the widening of the Pan American Highway and Canal along with airport construction and expansion.
Now looking at more commercial development within, we will focus on services required of themed communities, tourist interests, and the community at large. Marine development is being explored and will be tailored to support both the local boater and international traveler. All through this growth it will be about our neighbors as well and building the quality of life for all around the project.