After years of careful planning, Tranquilo is breaking ground following the initial release that took place, May 12, 2009, where 25% of the initial tower sold out accelerating current construction efforts. “It is fantastic to be in a position where we are able to allow people who have been dreaming about living within the gates of Punta Leona, to finally have that dream become a reality,” said Rick Valentine, President of Latitude Destination Properties.  The first of its kind in Punta Leona, Tranquilo stretches over 15 acres, within the 750 acres of the private community of Punta Leona.

RESIDENCES
Nestled between the jungle and the sea the initial release includes turnkey quarter ownership residences from 600 to 2,200 square feet starting at $70,000 USD.  Floorplans range from Studio, One, Two Bedroom plus lock off and Three Bedroom Residences. Tranquilo homeowners will have access to some of the finest services and amenities such as private-chef service, personalized concierge and access to Costa Rica’s finest beaches.  

THE REGISTRY COLLECTION
Tranquilo has been selected as part of the Registry Collection exchange program allowing privileged access to premier International destinations.   This program offers access to an elite network of luxury leisure properties, helping to provide ultimate vacation experiences at some of the most desirable resort destinations in the world.  To further enhance your experience, our Collection Partners are available to provide arrangements for private yachts, jets, and adventure programs, as well as custom travel packages and other premium services.  And when your residence is not in use, you can gift your valuable time to friends and family so they can also enjoy The Registry collection exchange program.

QUARTER OWNERSHIP
Quarter ownership at Tranquilo is the intelligent way to own a fully furnished Residence at a fraction of the cost of whole ownership. Yes, quarter ownership is real estate. You will receive an undivided fee simple deed that you can sell, transfer or will, just like whole ownership.  All deeds are recorded and secured by title insurance.  You also receive an undivided proportionate interest in the common property, as you would if you owned a condominium.

The ownership is based on a twelve (12) week interval of time whereby each Owner has the right to choose four weeks from each of the three seasons.  Each season is sixteen (16) weeks and they begin in November and end in October.  Each year, the Owner will be assigned a priority number, which will allow them to choose from each of one of the time periods, thereby giving them a choice in the winter, summer, and fall seasons. Owners may also exercise last minute space available time by making reservations within 48 hours of use whereby available inventory can be used at no additional charge.  Tranquilo is an example of the flexibility today’s second homeowners want.   
 
CONSTRUCTION UPDATE
“I always knew that Tranquilo was going to be a very special place,” said Guillermo Carranza owner and visionary of Punta Leona.  “Our recent sales success allows us the opportunity to accelerate the mobilization of our construction efforts.  We have already completed pre-construction infrastructure and groundbreaking for vertical construction will commence in June.  We are very excited to be working with AIE Construction, one of Costa Rica’s preeminent builders.  Their commitment to delivering high quality construction is evident through years of experience and extensive portfolio of clients from high-end residential to commercial projects, which include the Real Intercontinental Hotel of San Jose, Costa Rica”.  

With construction commencing, now is the time to secure your Tranquilo residence.  For additional information on Tranquilo, please contact us at 1.877.872.6740  or visit www.tranquilolife.com