Two-Level Apartment at The Palms Beach Resort
The Palms Beach ResortPunta Pacífica
- 2 Beds
- 3 Baths
- 300 m²
$1,650,000
$5,500 / m²
Two-Level Penthouse at The Palms, Ocean Reef Island Punta Pacífica
Two levels of ocean-view living at The Palms, Ocean Reef
Punta Pacífica, Panamá
Active
$1,552,833
USD$5,176 / m²
- 2Bed
- 0Bath
- 300 m²3,229 ft²
- 2Parking
Overview
Set on Ocean Reef Island, this two-level penthouse at The Palms pairs ocean views with a generous 300 m² layout and private terraces. Double private lobbies and direct elevator access create a distinctive arrival, while the terraces offer room to enjoy the sun, entertain or plan for a jacuzzi. The residence has two bedrooms, including one with a walk-in closet, and an open design connecting indoor living with the outdoor terraces. Premium materials add a refined finish throughout. Upstairs, a 75 m² entertainment area gives you flexibility to create a third bedroom or an additional master suite. Two parking spaces are included. Ocean Reef Island brings a full resort-style setting: a 120-meter private beach, pools, gym, spa, yoga and meditation areas, cabanas, bar and grill, chef’s table, private marina and yacht club. Residents also have access to a helipad, tennis and squash courts, children’s playgrounds and 24/7 security. The Palms is located on Ocean Reef Island in the Punta Pacífica area of Panama City. With immediate delivery and an exceptional selection of island amenities, this penthouse is ready for its next chapter. Contact us to arrange a private viewing and explore the possibilities of its adaptable upper level.
In Short
The Ocean Reef Island penthouse at The Palms is offered for sale at $1,552,833. It measures 300 m², has two bedrooms and two parking spaces, and includes a 75 m² upper-level entertainment area that can be adapted as a third bedroom or an additional master suite.
Before You Decide
- The 75 m² upper-level entertainment area offers flexibility for a third bedroom or an additional master suite.
- The monthly HOA amount and what it covers should be confirmed before budgeting.
- Confirm the bathroom count, which is currently inconsistent across the available property details.
- Ask for the building’s pet and short-term rental policies if these are important to your plans.
- The property offers two parking spaces, but their assignment and covered status should be verified.
Highlights
- 300 m² across two levels
- Ocean views and private terraces
- Two bedrooms, including one with a walk-in closet
- 75 m² upper-level entertainment area with flexible room options
- Double private lobbies and direct elevator access
- Two parking spaces
- Ocean Reef Island amenities include a 120-meter private beach, pools, gym and spa
- Private marina, yacht club, sports courts and 24/7 security
At a Glance
- Status
- Available for sale
- Asking price
- $1,552,833
- Price per m²
- $5,176.11/m²
- Bedrooms
- 2
- Area
- 300 m²
- Levels
- 2
- Parking
- 2 spaces
- Upper-level entertainment area
- 75 m²
- View
- Ocean
- Building
- The Palms
- Community
- Ocean Reef Island
- Neighborhood
- Punta Pacífica
- City
- Panama City
- Listing ID
- CNV-PROP-069908
Key Facts
- Category
- Residential
- Property type
- Penthouse
- Listed
- 5 October 2026
- Last updated
- 5 October 2026
Gallery
15 photographs of this residence.
What's Included
Everything that stays with the residence.
- Walk-In Closet
- Premium materials
- 2 parking spaces
Explore Penthouse
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
- 0
- Total
- 300 m² · 3,229 ft²
Systems & Comfort
- Views
- Ocean
Parking & Storage
- Spaces
- 2
- Covered
- No
Interior
- Walk-In Closet
- Premium materials
Outdoor
- Terrace
Accessibility
- Direct elevator access
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $1,552,833
- Price per m²
- $5,176 / m²
- Cash to close (est.)
- $465,850at 30% down
Mortgage Estimate
- Down payment
- 30% · $465,850
- Loan amount
- $1,086,983
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$6,693
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 approximately $5,176.11 per m², calculated from $1,552,833 divided by 300 m².
- The residence has two bedrooms and a 75 m² upper-level space with an optional third-bedroom or master-suite layout.
Value Comparison
Asking price per m², against the building, the sector and the country.
Penthouse$5,176 / m²
Punta Pacífica average$8,088 / m²
Panama average$4,306 / m²
Asking 36% below the Punta Pacífica average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
At $1,552,833 for 300 m², the asking price equates to approximately $5,176.11 per m².
- —
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
Price History
- Listed · October 2026$1,552,833
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
What is the asking price?
The asking price is $1,552,833 USD.
How large is the penthouse?
The penthouse is 300 m².
How many bedrooms and parking spaces does it have?
It has two bedrooms and two parking spaces.
What is the upper-level entertainment area?
The upper level includes a 75 m² entertainment area with the option to adapt it as a third bedroom or an additional master suite.
Which amenities are available at Ocean Reef Island?
Ocean Reef Island offers a 120-meter private beach, pools, a gym, spa, yoga and meditation areas, cabanas, a bar and grill, chef’s table, private marina, yacht club, helipad, tennis and squash courts, children’s playgrounds, and 24/7 security.
How many bathrooms does the penthouse have?
Please confirm the bathroom count with the sales team before proceeding.
How many parking spaces are included?
The penthouse has two parking spaces.
Does the penthouse have direct elevator access?
Yes. Direct elevator access and double private lobbies are described for the penthouse.
Similar Properties
Same market, comparable size and price.
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 Penthouse at The Palms, Ocean Reef Island?
Speak to our team — viewings in person or by video, usually within 48 hours.