This luxurious 5,000 sq. ft. villa is one of Puerto Vallarta's most spectacular oceanfront homes. Villa Las Penas features 4 bedrooms, 3 1/2 baths, and is located six miles south of the city in a sheltered cove overlooking the majestic Los Arcos Islands. The magnificent master bedroom/penthouse is situated on the entire upper floor and boasts of two private terraces with ocean views, an outdoor Jacuzzi, TV, stereo and ensuite marble bathroom. Adjoining the master suite is a cozy tropical palapa terrace with hammock, wet bar and dining area. Two bedrooms have private ocean view terraces, while the third has an ocean view and shares a bathroom. The main living area, with white marble floors and oversized sofas, also offers a cozy bar and a dramatic heated infinity pool. It also offers a 2-car garage, two TV's, stereo/CD, air conditioning throughout, and a delightful cook, maid and houseman.