Vista Del Mar Panama 1 bed Apartment with Ocean View

Discussion in 'Other Regions in The Americas' started by gsinker, Mar 1, 2009.

  1. gsinker

    gsinker New Member

    Vista Del Mar Tower In Panama City, Panama

    2 Units available priced from $240,000

    This sized Condo is currently being listed by the developer for over $400K

    Vista Del mar is located on the on the famous Avenida Balboa in Panama City. The Balboa is seafront road that conects the New part of the city to the Old at Casco Veijo.

    The Tower is in the final stages of contsruction and will be completed in the next months.

    The buyer of the property find themselves in a situtaion where they cannot close on the unit so they are offering the unit for sale at a very discounted price.

    The developer is selling the same sized units in the building for nearly $380,000

    this units is available for $248,500 USD

    The unit is 113 Sq Meters

    This is what is known as a assignable contract.

    In Panama homes are bought in the name of a Corporation for tax reasons. These unit are already listed as Panama Corporations.

    In the common areas of this modern chateaux, diverse tendencies are mixed from the social area, in the upper level you will be able to contemplate the most spectacular panoramic of the Bay and City, including the Casco Viejo, the green areas of the Metropolitan Park and the Panama Canal

    The Apartment:

    Master bedroom with full bath and walk-in closet
    Guest bathroom
    Living room / Dinning room
    Kitchen imported ceramic tiles and granite countertops
    Laundry room area
    Floor to ceiling height of 32.28sqft.

    45 story building
    36 floors of apartments ranging from 90.76sqmt (976.58sqft) to 113.78sqmt(1,224.27sqft)
    One parking per apartment
    2 high- speed passenger elevators
    1 high-speed service and cargo elevator
    24 hour security
    Fire Alarms System and Full power generators.
    The top of the building features a Social Area consisting of two levels
    Rooftop swimming pool, sun deck, bar, exercise room, dressing room, sauna and Ballroom.

    The developer also operate a on site management company for owners who wish to rent there units when they are not using it.

    This property offers a great bargain, as the unit can be purchased at early 2007 prices but the units are retailing at over $100K higher.

    Prices in Panama are still staying firm these opportunities only come along when a building is nearing completion and buyers find themselves in a situation where they cannot close.

    These drops in the listing price do not reflective on the overall sales prices in Panama as the units has not actually closed when the contract is sold.

    For more details please visit

    or email me [email protected]

    Attached Files:

  2. Nick Brian

    Nick Brian Guest

    Hi which floors have those units? As you know that price is related with floor, so it's important. Will you kindly inform? Best regards.

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