Luxury Condominium Beachfront Resort located on the eastern side of Isla Margarita, Venezuela. Known as the "Pearl of the Caribbean", this duty-free Island has 444 sq miles and is located below the hurricane belt. It is internationally known as the windsurfing capital of the world and is chosen by many as an ideal, peaceful dwelling place to retire. Its culture has a delightful mixture of a South American lifestyle with a Caribbean flavor.Planned to start construction in the fall of 2008, Caracola Beach and Spa Resort offers a 7% annual rental guarantee for ten years, full onsite management, free hold title, a tax efficient purchasing process and no real estate taxes.This modern style Caribbean Resort offers four condo layouts to choose from: 1bedroom/1bath with balcony and 2bedroom/2 bath with balcony, with ocean views and/or mountain views. Each unit comes fully furnished including all appliances and TV set.In addition to the concierge services provided, this Exclusive Beach and SPA Resort offers a variety of amenities including 4 swimming pools with water slides, Lazy River and Swim up Bars, a Night Club, a State of the Art Fitness Center, Salon & a 10-15,000 SF of American style SPA, High End Duty Free Shopping and four different styles of Restaurant – fine, casual, family and beach front, Mini Markets a large Conference Center.