Two-Level Penthouse at The Palms, Ocean Reef Island
The PalmsPunta Pacífica
- 2 Beds
- 300 m²
$1,552,833
$5,176 / m²
Two-Level Apartment at The Palms Beach Resort Punta Pacífica
A two-level island residence with room to shape your lifestyle
Punta Pacífica, Panamá
Active
$1,650,000
USD$5,500 / m²
- 2Bed
- 3Bath
- 300 m²3,229 ft²
- 2Parking
Overview
Set within Ocean Reef Islands, The Palms Beach Resort brings a private beachfront setting to the heart of Panama City. This 300 m² apartment stands out for its two-level layout and a second-level open space that can serve as a primary bedroom, a family room, or an additional living and dining area. Two balconies and terraces extend the living spaces outdoors. The first level has two bedrooms, one half bath, an open kitchen, and a combined living and dining area. The home has three bathrooms in total and two parking spaces. Direct elevators from the parking area provide access to both levels, adding an unusually convenient arrival to this flexible residence. Residents can enjoy a pool, terrace, rancho-gazebo, party room, poolside games and cabanas. The resort setting also offers space to enjoy a morning yoga session, read beneath the palms, or visit The Lookout to watch for dolphins and take in the changing colors of sunset. Punta Pacífica combines a calm, beachfront atmosphere with a central-city address. For a private island setting and a home whose upper level can adapt to changing needs, contact Casanova Realty to arrange a viewing.
In Short
The apartment for sale at The Palms Beach Resort is priced at $1,650,000 and measures 300 m². It has two bedrooms, three bathrooms in total, two parking spaces, an open kitchen, balconies and terraces, and a flexible second-level open area. The building's stated amenities include a pool, terrace, rancho-gazebo, party room, poolside games and cabanas.
Before You Decide
- The 300 m² residence is arranged over two levels, with a flexible open space upstairs.
- Two parking spaces are included in the property details, but their assignment and ownership terms are not specified.
- The building's stated amenities include a pool, party room, rancho-gazebo, terrace, games and cabanas.
- The HOA amount, pet rules, rental rules and backup-power details need confirmation.
Highlights
- 300 m² across two levels
- Two bedrooms and three bathrooms in total
- Flexible open space on the second level
- Open kitchen and combined living-dining area
- Balconies and terraces
- Two parking spaces with direct elevator access to both levels
- Pool, terrace, rancho-gazebo and party room
- Poolside games, cabanas and The Lookout for dolphin watching
At a Glance
- Status
- Available
- Asking price
- $1,650,000
- Price per m²
- $5,500/m²
- Bedrooms
- 2 bedrooms
- Bathrooms
- 3 total
- Area
- 300 m²
- Layout
- Two levels
- Parking
- 2 spaces
- Property type
- Apartment
- Building
- The Palms Beach Resort
- Neighborhood
- Punta Pacífica
- City
- Panama City
- Listing ID
- CNV-PROP-048055
Key Facts
- Category
- Residential
- Unit type
- Apartment Condo
- Listed
- 3 July 2024
- Last updated
- 4 October 2026
Gallery
3 photographs of this residence.
What's Included
Everything that stays with the residence.
- 2 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
- 2
- Full baths
- 3
- Kitchen
- Open
- Total
- 300 m² · 3,229 ft²
Parking & Storage
- Spaces
- 2
- Covered
- No
Outdoor
- Balcony
- Terrace
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $1,650,000
- Price per m²
- $5,500 / m²
- Cash to close (est.)
- $495,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $495,000
- Loan amount
- $1,155,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$7,112
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 asking price is $1,650,000, equivalent to $5,500 per m² based on the 300 m² area figure.
- The apartment has two bedrooms, three bathrooms in total and two parking spaces.
- The second-level open space is described as adaptable to several room configurations.
Value Comparison
Asking price per m², against the building, the sector and the country.
Apartment$5,500 / m²
Punta Pacífica average$8,088 / m²
Panama average$4,306 / m²
Asking 32% below the Punta Pacífica average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
- —
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
Price History
- Listed · July 2024$1,650,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Punta Pacífica
San Francisco, Panamá
The Palms Beach Resort
Punta Pacífica, Panamá
Positions are schematic, spaced by travel distance.
Get directionsPunta 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 residence?
The residence is listed at 300 m².
How many bedrooms, bathrooms and parking spaces does it have?
It has two bedrooms, three bathrooms in total and two parking spaces. One of the bathrooms on the first level is a half bath.
What amenities are available at The Palms Beach Resort?
The stated amenities include a pool, terrace, rancho-gazebo, party room, poolside games and cabanas.
Does the apartment have direct elevator access from parking?
Direct elevators from the parking area serve both levels of the residence.
What is the asking price?
The asking price is $1,650,000.
How much area does the apartment have?
The apartment is listed at 300 m².
What can the second level be used for?
The open second-level space can be arranged as a primary bedroom, a living and dining area, or a family room.
Similar Properties
Same market, comparable size and price.
- Ocean View
2-Bedroom Apartment at The Palms Ocean Reef
The Palms Ocean ReefPunta Pacífica
- 2 Beds
- 2 Baths
- 239 m²
Ocean View$1,409,412
$5,897 / m²
Two-bedroom apartment at The Palms Phase 2
The Palms Phase 2, Building 3Punta Pacífica
- 2 Beds
- 4 Baths
- 199 m²
$1,354,288
$6,823 / m²
Two-bedroom apartment at The Palm Ocean Reef
The Palm Ocean ReefPunta Pacífica
- 2 Beds
- 2 Baths
- 199 m²
$1,354,288
$6,823 / m²
2-Bedroom Apartment at The Palms Ocean Reef
The Palms Ocean ReefPunta Pacífica
- 2 Beds
- 2 Baths
- 216 m²
$1,346,794
$6,235 / m²
Interested in Two-Level Apartment at The Palms Beach Resort?
Speak to our team — viewings in person or by video, usually within 48 hours.