Rental Rates high season
Daily range $125-$160
Weekly $850-$950
Rental Rates low season
Daily $105-$120
Weekly $675-$800
Residential tower is one of the most sought-after residences in the beach area.
The building is an icon and a staple in Panama’s beach communities– particularly amongst English-speaking expats and vacation homeowners.
It’s known throughout Panama for its ideal location, breathtaking coastal views, resort-style amenities, and spacious high-quality apartments.
amenities include:
- Direct beach access
- Rooftop pool and social area with panoramic beach and mountain views
- Ground pool and social area
- Children’s pool
- Fitness center
- Game room
- Low monthly maintenance fees
- Covered parking
- 24-hour security
Other advantages:
- Home to an established community of English-speaking expats
- A short walk to several excellent restaurants and a mini-supermarket
- About five minutes drive to the major supermarkets, banks, shopping, and more restaurants
- Just over an hour from Panama City, largest city and national capital
- Developer units have long since sold out, and people take advantage when a resale comes on the market.
- High resale value and reliable rental income
The Apartments
iconic and high-demand development– occupying an exclusive and enviable waterfront position and filled with lavish amenities.
The units, which sit on the 1st, 2nd, and 4th floor, each offer a prize-winning & unobstructed view of the Pacific, and a private balcony
fully furnished, with modern tropical-chic décor that suits its beachfront ambience
kitchenettes have also been provided
Now for the numbers: average monthly rental: $2,200; property mgmt fee $115, condo maintenance fee: $68; Cable wifi $60; electric $60 mo, Rental mgmt fee: 20%; asking $185,000 USD
More detail in terms of Property insurance, taxes pending. Must know age of tower to estimate cap ex
