Monday, February 16, 2009

They're Back!

Red Frog is slowing moving forward. The last conference call reinforced the feeling that the project is moving forward with investor money from current owners. Right now the marina village is being built as well as a scaled down version of the amenities.

The first resident who move in several years ago just turned 70 and has decided that, although he feels the project will reach completion, it will not be soon enough for he and his family to enjoy it. Too bad. It's a nice lot, #11 with great views, a great Tortuga model, and includes his cart, boat and slip along with the Panama corporation(s) used to hold these in. Contact Ron at jubillado@gmail.com for more information. His asking price is $745,000. If we had the money we would consider the opportunity!

I am also told that there are limited opportunities to buy into the first phase at prices well below what they will be once the project really gears back up. Contact Dan Cranney at dcranney@redfrogbeach.com and tell him Mick and Janis sent you.

- Mick @ Lot 11

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