Existing Magnificent Island resort for sale in Taytay, Palawan, Philippines.

Ownership: Individual, Tax Declaration with expired SLUP and unfinished FlagT Application

Size: 30,000sqm

Price: Php500,000,000

Magnificent island resort is rather unique. There is nothing like it in the Philippines, perhaps all of Asia. It is the result of an American dream and 10 years of old-world craftsmanship by 100 Filipino artisans.

The results were impressive, a piece of paradise was created. The attention to detail combined with dreamy architecture and skilled craftsmen, create a beauty and function rarely found, especially in a developing country.

Taytay Ordinance established a Marine Sanctuary around the coral reef and appointed as the guardian of the marine life and coral reef.

Magnificent island was developed across three elevations: the beach, the middle, and the top. The primary objectives in development were to always leave plenty of natural unspoiled areas. Over 80% of Magnificent island is an undeveloped open space (forest, jungle and vegetation) even after considering the extensive roads and pathways providing access to all parts of the island.

ISLAND FACTS

Location: Taytay, Palawan

Island Area: 30,000 sqm as per DENR, 40,000 sqm as per Google Earth

Peak Island Elevation: 250ft

Sand Color & Texture: Powdery White

Water Color : Crystal Clear

Years in Business: 10 years

BUSINESS

This elaborate estate has become a thriving resort for those seeking the road less travelled. A maximum occupancy of 12 guests creates a special ambiance enjoyed by all. The guest capacity could easily be increased, but the current owners prioritize maintaining small guest numbers to support coral reef education, management, and protection. With plenty of room for expansion, Magnificent can be a profitable high-end resort or remain as a paradise for private use. Perhaps Magnificent Island resort will simply remain as it is: a harmonious blend of paradise and business.

Hanging Bridge connecting to the Helipad located at the northeast side of the island ( constructed for 10 passenger Dolphin helicopters).

THE CORAL REEFS

Since 2006, the coral reef has been an official Marine Sanctuary, largely due to its extraordinary beauty, remarkable health, and vast size.

Features:

• The 15 meters wide and 12 meters deep natural sandy channel directly in front of the beach, allows the large boats to approach the beach.
• Everywhere in the reef begins at the shore which made the swimmer it’s easiest possible access to the coral reef.
• Most of the reef is quite shallow; as a result, it facilitates excellent coral viewing. Nevertheless, there are also big walls and deep areas, which provide a challenge for those with greater skills.
• Furthermore, it hosts a diverse array of marine life, including numerous rare and hard-to-find species.
• In addition, the reef is relatively safe in terms of vicious currents, aggressive marine life, or the presence of stinging creatures such as jellyfish.