Spence Enterprises LLC, based in Northern California, is excited to announce the completion of a luxury member-owned private residence club located on Costa Rica’s best beach, Playa Flamingo—The Palms Private Residence Club.
A labor of love developed by Bob Spence, he discovered the property in 2005 and it had the potential to be the permier location in all of Costa Rica. The 32-villas are adorned with only the finest appliances and finishes. The Palms is now available for sale under both whole ownership and private residence club ownership. For second home buyers looking for an authentic experience in a land virtually untouched by the modern-day resort scene, The Palms is the answer.
Offering all the advantages of vacation home ownership with the services and amenities of a first-class resort, The Palms offers it’s owners a luxury sanctuary and a more authentic experience. The private residence club appeals to those seeking to have access to beachfront real estate in an eco-sensitive country full of activities for every member of the family. Unlike other developments in the United States and Central America, The Palms represents a great value without sacrificing quality or luxury. Potential owners can purchase 1/8th or 1/10th starting at $129,000.
Bob Spence fell in love with Costa Rica’s Gold Coast several years ago during a trip with a personal friend. The company purchased five properties in Costa Rica, The Palms, being its crown jewel. All five Costa Rican properties are premier, rare, and privately-titled Pacific Ocean beachfront properties. Mr. Spence prides himself on developing all of the properties to the highest standards so that their owners may enjoy Costa Rica as much as he and his family have over the years. Over the past 40 years, Mr. Spence has been a successful businessman, investor and real estate developer. Spence Enterprises LLC owns a number of diversified business interests and its operations include properties in the United States, Australia, and Costa Rica.
Costa Rica remains the “hot spot” in Central America. The country is one of the most environmentally protective and bio-diverse countries in the world. It’s stable, democratic and safe – and the opportunities for second-home purchases are varied, memorable and affordable. Costa Rica, the most popular country in Central America, offers beautiful beaches and eco-tourism activities including hiking, zip lining, rainforest trekking, scuba diving, golfing, sport-fishing, surfing and charming towns to explore.
Costa Rica represents only .03% of the earth’s surface and yet contains 6% of the entire planet’s biodiversity. Over a quarter of the country is under ecological protection programs through national parks and reserves.
Nine volcanoes and 500,000 species of fauna and flora are part of Costa Rica’s ecosystem.
The Palms provides the most authentic experience in Costa Rica and is situated on the exclusive Playa Flamingo beach. Located in the heart of the Guanacaste region of Costa Rica’s Northern Pacific Coast—The Gold Coast—Playa Flamingo is ideal for swimming, body surfing and boogie-boarding. Renowned for its clear warm waters (80 degrees year round), soft white sand, breathtaking sunsets—Playa Flamingo is one of the most desired beaches in Guanacaste. There are no other real estate offerings in Costa Rica or Central America that are literally steps away from the beach like The Palms. Other developments may overlook the water from atop a high cliff or do not offer direct access to the ocean due to roads running between beaches and resorts. Only five percent of Costa Rica’s coastline is privately titled property. The remainder can be leased from the government, but not owned (including the Four Seasons Papagayo property). The
Palms is a rare exception of privately titled Costa Rican beachfront and insures value for generations to come. The Palms has protected competitive advantages and more attractive natural aesthetics than future projects in the development pipeline.
Guanacaste’s climate and culture are unique among the Costa Rican provinces. There is little rain and consistent sunny skies from November to April. From May to October the climate is cooler, with regular afternoon showers that support Costa Rica’s tropical vegetation. [member]
Today many fractional ownership purchasers could easily afford full ownership, but choose a Private Residence Club (PRC) for the advantages of resort amenities and services, and the limited time they have to spend at their vacation home. The added value is very appealing, especially when compared with timeshare vacation clubs or full ownership. A timeshare, no matter how luxurious, is a usage contract; and full ownership comes with full responsibility, including maintenance—often a headache for owners thousands of miles away. The Palms is the only private residence club in Costa Rica offering spacious twobedroom Villas within steps of Playa Flamingo Beach, views of the ocean and the Catalina Islands offshore, and a luxuriously tropically landscape sanctuary. For golf enthusiasts, The Palms also offers a golf membership. The Club is designed to offer members worry-free ownership and hassle-free vacations.
Instead of California, Florida or Mexico, a handful of Americans have discovered new havens for their second homes. Central America is drawing a big crowd of Americans looking for a more exotic adventure… and a better price. Travelers who have been to Central America say that Costa Rica is like Hawaii was 20 years ago, but with even more to offer independent travelers and those looking for an authentic experience. Plus, the region hasn’t experienced Hawaii’s growth and increased tourist prices… Costa Rica has emerged as a popular second home destination, as word continues to spread about its pristine beaches, volcanoes, golf courses, rain forests, sport fishing, surfing and scuba diving.
The Costa Rican people are known for being friendly, educated, gentle and warm. They are open minded and eager to assist. Because of the foreign influence and a strong education system, most of the people are well-educated and many are bilingual. Ticos (Costa Rican people) are passionate about their country and respect the beaches, forests and cities in Costa Rica.
With daily direct flights to Liberia International Airport from major US and Canadian cities, Costa Rica is now easier to get to than ever. Just a 45 minutes drive from Liberia International Airport to the property, owners of The Palms are able to get to their private escape in Playa Flamingo without spending a full day traveling. Due to the tremendous growth in this area, the Liberia International Airport reached maximum capacity in a few short years. The airport is undergoing a $30 million expansion to accommodate additional traffic, and will allow for more direct flights from primary U.S. cities. Celebrities from Liz Taylor, Richard Burton to Julia Stiles and Robin Williams have been escaping to Playa Flamingo for years for its beautiful beaches, privacy and exclusivity.
Four Seasons Papagayo is reputed to be the most profitable Four Seasons hotel in the world and has been visited by A-list celebrities including Brad Pitt, Angelina Jolie, Kim Kardashian and Reggie Bush. All other five star hotel brands are looking for property on this pristine coast, including JW Marriot, Rosewood, Canyon Ranch, Hyatt and St. Regis. According to the Wall Street Journal, Guanacaste Costa Rica was the hottest real estate market in the world in 2007. With economic recovery, the five star development activity will resume. [/member]