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Some of our friends are investing in a place called Malibu Beach Resort. Its a gated community on the beach. Has anyone heard of this property? We are considering retiring to Panama but don't want to invest in something not yet built. Have any of you purchased something at pre-construction prices and had good experiences?
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The market is pretty overheated by now and my guess is that some developments will never get built. I would only invest after construction has actually started but that's me. You will of course get a better price if you get in earlier.
I never heard about the Malibu Beach Resort and I can't find a website for it either. Do you have more details?