Best location in Panama City ! The Vista del Mar tower is located on the most prestigious street in Panama City , on the Balboa Avenue . The Balboa Avenue will receive a new coastline, making this area the most elegant and sought after location in Panama City . Once the new coastline is completed, property values in this area will substantially increase. The first 6 floors of this building will host the all new 125 room Le Meridian Hotel. The most prestigious hotel in town, the Miramar Intercontinental is located straight across. Once completed in the first quarter of 2009, this tower undoubtedly be one of the most desired properties in Panama . If you're not planning to use this apartment year around, you can easily rent it out. The going short term rate is in the neighborhood of $3000 (furnished) and in the $2400 range long term with a minimum of 1 year lease, unfurnished. We can refer you to the builder's own management agency that can assist you with all your property management needs. Units are located on high floors with excellent ocean front views. Luxury 1 bedroom/1.5 bathrooms apartments feature an open floor plan and 1 parking space. You get easy access to shopping malls, restaurants, casinos, to Corredor Sur ( Tocumen International Airport ). Owner will enjoy a 20 year property tax exemption. There are 6 apartments per floor (model A B C D E and F also called 01, 02, 03, 04, 05 and 06 units). The unit we have for sale is the following:
Vista del Mar being built by Panama's best builder and hotel/resort operator, Empresas Bern.
San Francisco$330,000 3 Beds/3.5 Baths202 m2
Balboa Avenue$210,000 1 Beds/1.5 Baths96 m2
San Francisco$335K - $360K 3 Beds/3.5 Baths200 m2
Coco del Mar$251K - $554K 148-179 m2
Casco Viejo$267K - $514K 79-149 m2