The View
Ocean
377 m² residence at Montecarlo, Ocean Reef Islands Punta Pacífica
A private ocean-view address at Montecarlo
Punta Pacífica, Panamá
Active
$2,450,400
USD$6,500 / m²Negotiable
- 3Bed
- 507Bath
- 377 m²4,058 ft²
- 3Parking
Overview
Montecarlo brings an intimate scale to Ocean Reef Islands: a residential project described as having just 10 exclusive residences. This 3-bedroom home measures 377 m² and is offered for USD 2,450,400, negotiable. Ocean views are a defining feature of the residences, while private-use terraces and multipurpose areas give the project an added sense of seclusion. The residence offers 3 bedrooms and 3 parking spaces. The stated 377 m² is the total area presented for this home. The project description also refers to private terraces and multipurpose areas for exclusive use, creating space for residents to enjoy beyond the core living areas. Ocean Reef Islands is a private residential community in the Punta Pacífica area of Panama City, directly connected to the sea. Its named community amenities include a heliport and yacht club. With a limited number of homes and only two units described as remaining in the project, Montecarlo offers a rare opportunity to explore island living close to the city. Contact us to arrange a viewing and discuss availability and terms.
In Short
The Montecarlo residence for sale in Ocean Reef Islands has 3 bedrooms, 377 m², 3 parking spaces and ocean views. Its structured asking price is USD 2,450,400 and is negotiable. The project description identifies 10 exclusive units and names a heliport and yacht club for the community.
Before You Decide
- Confirm the bathroom count before comparing this residence with other 3-bedroom homes.
- Clarify the difference between the structured USD 2,450,400 price and the USD 2,400,000 descriptive starting price.
- Confirm which 377 m² unit is available and whether the stated 3 parking spaces are included in the sale.
- Request the area breakdown, monthly HOA, completion schedule and building operating details.
Highlights
- 3-bedroom residence measuring 377 m²
- Ocean views from the residences
- 3 parking spaces
- Private-use terraces and multipurpose areas
- Part of a 10-residence project
- Ocean Reef Islands community with a heliport and yacht club
- Located in the Punta Pacífica area of Panama City
- Asking price: USD 2,450,400, negotiable
At a Glance
- Status
- Available
- Asking price
- USD 2,450,400
- Price per m²
- USD 6,500
- Bedrooms
- 3
- Bathrooms
- Needs confirmation
- Area
- 377 m²
- Parking
- 3 spaces
- Property type
- Apartment
- Building
- Montecarlo
- Community
- Ocean Reef Islands
- Neighborhood
- Punta Pacífica
- City
- Panama City
- Listing ID
- CNV-PROP-064410
Key Facts
- Category
- Residential
- Unit type
- Apartment Condo
- New or resale
- Pre Construction
- Listed
- 5 October 2026
- Last updated
- 5 October 2026
Gallery
18 photographs of this residence.
Room by Room
Composed from this unit's own specification, not a template.
What's Included
Everything that stays with the residence.
- 3 parking spaces
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
- 3
- Full baths
- 507
- Total
- 377 m² · 4,058 ft²
Systems & Comfort
- Views
- Ocean
Parking & Storage
- Spaces
- 3
- Covered
- No
Outdoor
- Private-use terraces
- Private-use multipurpose areas
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $2,450,400
- Price per m²
- $6,500 / m²
- Cash to close (est.)
- $735,120at 30% down
Mortgage Estimate
- Down payment
- 30% · $735,120
- Loan amount
- $1,715,280
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$10,561
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
- At the structured asking price and stated area, the calculated price is USD 6,500 per m².
- The project description also mentions a separate 578 m², 3-bedroom option priced at USD 3,410,000.
Value Comparison
Asking price per m², against the building, the sector and the country.
Apartment$6,500 / m²
Punta Pacífica average$8,088 / m²
Panama average$4,306 / m²
Asking 20% below the Punta Pacífica average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
Montecarlo offers a 3-bedroom residence measuring 377 m², listed at USD 2,450,400. The calculated price is USD 6,500 per m², based on the stated asking price and area.
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- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
Price History
- Listed · October 2026$2,450,400
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Punta Pacífica
San Francisco, Panamá
Punta Pacífica on Casanova today
- Active sale listings
- 710
- Active rentals
- 0
- Median asking price per m²
- $2,854
Getting Around
San Francisco, 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
How large is the Montecarlo residence?
The residence is listed at 377 m².
How many bedrooms and parking spaces are stated?
The residence has 3 bedrooms and 3 parking spaces.
What amenities are named for Ocean Reef Islands?
The community description names a heliport and a yacht club.
How many bathrooms does the residence have?
The bathroom count requires confirmation.
Are pets or short-term rentals permitted?
The applicable pet and rental policies are not confirmed.
How many parking spaces are included?
The residence is listed with 3 parking spaces.
Similar Properties
Same market, comparable size and price.
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Interested in 377 m² residence at Montecarlo, Ocean Reef Islands?
Speak to our team — viewings in person or by video, usually within 48 hours.