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Property Details

Property Description

Located on the Pacific Coast of Panama, in a lush tropical surrounding, the private community at Rio Mar Resort offers seclusion, tranquility and exclusivity while being within easy reach of Panama City and all of the conveniences of Coronado, the Hub of the beach towns and only 10 minutes away.

This gorgeous Penthouse is absolute beach front and occupies the 5th floor of the Sands Flats building in front of the Pacific Ocean at Rio Mar Resort. The Penthouse offers 296m2 of stylish living space, with a flair for luxury. Located in Rio Mar, where life and luxury meet at the crest of a wave.

The Penthouse offers 3 bedrooms each with private bath, a half visitor bath, laundry room and maid quarters with full bath.

Enter the home and immediately you are greeted by floor to ceiling windows overlooking the Pacific Ocean, offering amazingly unending views. From every vantage point of this luxury home you will be struck by the gorgeous ocean views, with pelicans soaring past at eye-level.

The spacious kitchen is an open concept and offers stainless steel appliances and plenty of counter and cabinet space. A dedicated dining area is outfitted with quality, modern furniture and flows easily into the living room. The space is inviting and comfortable, livable luxury at its best.

The penthouse has an incredible wrap around terrace that is large and welcoming. Outfitted with a 4-person Jacuzzi, built-in wet bar, gas barbeque, and high quality outdoor furnishings, the terrace is a perfect spot to enjoy the vast ocean views, watch the sun rise and set over the Pacific...only in Panama!

The grounds are large and meticulously manicured and offer many spaces to spend time enjoying the views, the swimming pools, the weather, privacy or time with friends and family. Dedicated, private walkways from the common areas offer direct beach access where you can walk, paddle board, surf, swim or just 'be' in warm sands of the Pacific.

Monthly maintenance fee XXXX and includes one dedicated, covered parking stall, water, gas, trash collection, 24/7 gated security, four swimming pools, modern gymnasium, spa, concierge, beautifully groomed common areas, and more! Plenty of parking is available for friends and family visits.

This property boasts the following list of benefits and amenities:

• 15 yr tax exoneration remaining
• for sale by original owner
• one of Panama’s most sought after gated communities
• beachfront on one of the best surfing beaches in Panama
• 15 minutes from Coronado and 15 minutes from Playa Blanca
• fully furnished and meticulously accessorized
• stainless steel appliances
• custom shades inside and out with black-out shades in all bedrooms
• central A/C
• water and gas included in HOA fee
• back up generator at full electrical capacity
• loads of storage plus additional storage units available
• 1 dedicated covered parking stall
• parking for visitors
• 24 hr concierge
• restaurant on site
• gym included
• spa on site
• club house with bar & pool table included
• game room included
• bocce ball court
• kid’s playground
• kid’s futbol court
• several pools at your disposal (salt water and chlorinated)
• maid service available
• property management available
• towel service included
• grocery delivery available
• trash collection at condo door
• 24 hr gated security
• superb administration

This property is for sale and also offered for Rent. One month minimum rental. Per month Rental fee is $4,500.00 and does not include WiFi, Cable or Electricity.

For additional information on this luxurious property, please call 6205-5782

 

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Sale Price

$919,000

Rent Price

$4,500 per month