The View
Ocean
271 m² Oceanfront Condo at Waters on the Bay Avenida Balboa
Oceanfront space and flexible living on Avenida Balboa
Avenida Balboa, Panamá
Active
$623,300
USD$2,300 / m²
- 2Bed
- 2.5Bath
- 271 m²2,917 ft²
Overview
Enjoy an expansive 271 m² residence at PH Waters on the Bay, with an ocean-facing balcony and an open floor plan that gives everyday living room to breathe. The two-bedroom layout includes a large kitchen with generous storage and preparation areas, a breakfast area, and a combined living and dining room. Both bedrooms have private bathrooms. An open family room adds useful flexibility and can be converted into a third bedroom if desired. The balcony overlooks the ocean, while furnished and appliances-only arrangements are described as available. Waters on the Bay brings daily conveniences together on its social floor: an infinity pool, jacuzzi, gym and lounge/party room. The building also offers a grand entrance lobby and 24/7 concierge service. Set on Avenida Balboa, the residence is steps from hotels, restaurants, casinos and the Cinta Costera, with Multiplaza Mall also nearby. Contact Casanova Realty to arrange a viewing and explore this spacious Panama City condo.
In Short
The 2-bedroom condo at PH Waters on the Bay is offered for sale at $623,300. It has 271 m², 2.5 bathrooms, a large kitchen, breakfast area, living/dining room and an ocean-view balcony. Building amenities include an infinity pool, jacuzzi, gym, lounge/party room and 24/7 concierge service.
Before You Decide
- The 271 m² layout combines two bedrooms with an open family room that can be converted into a third bedroom.
- The condo's 2.5 bathrooms are reported as a total; a full-versus-half breakdown is not provided.
- Confirm the parking arrangement, HOA amount, furnishing package and building policies before purchase.
Highlights
- 271 m² total area
- Two bedrooms, each with a private bathroom
- 2.5 bathrooms in total
- Balcony overlooking the ocean
- Open family room convertible into a third bedroom
- Large kitchen with ample storage and preparation areas
- Infinity pool, jacuzzi, gym and lounge/party room
- 24/7 concierge; near the Cinta Costera, restaurants, hotels and casinos
At a Glance
- Status
- Available for sale
- Asking price
- $623,300
- Price per m²
- $2,299.63/m²
- Bedrooms
- 2 bedrooms
- Bathrooms
- 2.5 bathrooms
- Total area
- 271 m²
- Year built
- 2011
- View
- Ocean view from the balcony
- Property type
- Apartment condo
- Building
- PH Waters on the Bay
- Neighborhood
- Avenida Balboa
- City
- Panama City
- Listing ID
- CNV-PROP-016672
Key Facts
- Category
- Residential
- Unit type
- Apartment Condo
- Listed
- 3 October 2026
- Last updated
- 15 October 2026
Gallery
19 photographs of this residence.
Room by Room
Composed from this unit's own specification, not a template.
Explore Apartment
Take a closer look before you travel.
No video on file for this unit yet. We can walk you through it live over WhatsApp — most buyers outside Panama start that way.
Features & Finishes
Layout
- Bedrooms
- 2
- Full baths
- 2
- Half baths
- 1
- Total
- 271 m² · 2,917 ft²
Systems & Comfort
- Views
- Ocean
Parking & Storage
- Covered
- No
Outdoor
- Balcony
Lifestyle
- Walkable
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $623,300
- Price per m²
- $2,300 / m²
- Cash to close (est.)
- $186,990at 30% down
Mortgage Estimate
- Down payment
- 30% · $186,990
- Loan amount
- $436,310
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$2,686
Principal and interest only
An illustration, not an offer. Panamanian banks lend up to about 70% to residents and 50–60% to non-residents; your rate depends on the bank, the term and your file.
Monthly Carrying Cost
Property tax$0
Insurance$0
Total, before mortgage:$0 / month
If you let it out
How It Compares
- The calculated asking price is approximately $2,299.63 per m², based on $623,300 divided by 271 m².
Value Comparison
Asking price per m², against the building, the sector and the country.
Apartment$2,300 / m²
Waters on the Bay average$2,393 / m²
Avenida Balboa average$2,685 / m²
Panama average$4,306 / m²
Asking 14% below the Avenida Balboa average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
At an asking price of $623,300 and a total area of 271 m², the calculated price is approximately $2,299.63 per m². Rental income and operating costs have not been established.
- —
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
Price History
- Listed · October 2026$623,300
How You Can Pay
Waters on the Bay
We have not researched this building yet. Its name and sector come from our building list, and the listings, prices and photos are the listings' own. Floors, units, fees and amenities appear here once verified; ask us for anything you need before then.
Other residences at Waters on the Bay
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Living in Avenida Balboa
Bella Vista, Panamá
Waters on the Bay
Avenida Balboa, Panamá
Positions are schematic, spaced by travel distance.
Get directionsAvenida Balboa on Casanova today
- Active sale listings
- 313
- Active rentals
- 0
- Median asking price per m²
- $2,588
Getting Around
Bella Vista, Panamá, Panamá · Panama City
Address shown to neighborhood precision for the owner's privacy. The exact address is shared when a viewing is confirmed.
Frequently Asked Questions
What is the asking price for this condo?
The asking price is $623,300 USD.
How large is the condo, and how many bedrooms and bathrooms does it have?
The condo measures 271 m² and has 2 bedrooms and 2.5 bathrooms.
Does the condo have an ocean view?
Yes. The balcony overlooks the ocean.
What building amenities are available at Waters on the Bay?
Waters on the Bay has a grand entrance lobby, 24/7 concierge service, an infinity pool, jacuzzi, gym and lounge/party room on its social floor.
Can the family room be used as another bedroom?
The open family room is described as convertible into a third bedroom.
What furnishing options are available?
Furnished and appliances-only options are described as available.
What is near Waters on the Bay?
The building is described as steps from hotels, restaurants, casinos and the Cinta Costera. Multiplaza Mall is also nearby.
Similar Properties
Same market, comparable size and price.
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Furnished 2-bedroom apartment on Avenida Balboa
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Interested in Waters on the Bay?
Speak to our team — viewings in person or by video, usually within 48 hours.