Browse through our listings of luxury apartments & homes in Panama, and contact us with any questions. The Panama real estate market has evolved into a developed high-end market.
Luxury Apartments: Panama’s Neighborhoods
There are several neighborhoods in Panama City Panama all of which offer luxury apartments and homes. These neighborhoods include Punta Pacifica, Costa del Este, Avenida Balboa, Albrook, Clayton, and Casco Viejo.
El Cangrejo, Obarrio, and Bella Vista also offer luxury options but are not what locals would consider exclusive.
Luxury Apartments & Homes Panama: Size
One of the first characteristics associated with Panama luxury condos is size. Buyers of luxury real estate in Panama should expect to find at least 300 meters of living space. Most developers in the areas mentioned above are including at least one model that supersedes the 300-meter size range. In fact, there are many Panama apartments and penthouses for sale that super exceed this space standard.
If you are looking for a high-end property with plenty of space, Panama’s luxury real estate offerings will not disappoint.
For example, the Bahia Pacifica building includes floor plans starting at 445 meters to 1,000 meters of living space.
Other examples with large floor plans include Aquamare, Bellagio Tower, and The Venetian.
Luxury Apartments & Homes Panama: Quality
Another aspect when considering luxury homes in Panama City in this specific market is the finish quality. Unfortunately, there is a very large gap between the best and the norm. This gap was caused by the real estate boom during 2006-2009. Quality craftsmen were in short supply, which means that many luxury apartments are overpriced and poorly built.
However, there are many impressive units mentioned in the neighborhoods above.
Contact us to find out which buildings have major problems and which are worth looking at.
The amenity list in luxury Panama apartments and condos are to a high standard.
Amenities include:
- Swimming pools
- Gyms
- Security guards
- Squash and other racquet sports
- Vaulted lobbies
- Elegant meeting facilities.
Some projects have gone above and beyond the standard offering. For example, maid turndown service, onsite restaurants, spas and beauty salons. They also bring a new level of quality and elegance to the “standard” amenity list mentioned previously.
Buildings with an exceptional amenity list include the JW Marriott, Allure Panama, and the Miramar Towers.
Price Point
The price point on most luxury condos for sale in Panama City generally starts at $2,200 per square meter. At this price, one can expect to find quality granite countertops, solid wood doors, high-end plumbing fixtures, and in some cases marble floors. Most brand new apartments are not delivered with appliances, light fixtures, or air conditioning units.
Price points also vary depending on the size of the apartment for sale, the neighborhood, the floor of the apartment (high floors generally mean better views and sell for a premium), and a variety of other factors.
In conclusion, for the discerning buyer looking for luxury property in Panama, there are great options available. The key is understanding the intricacies of the condo or housing development and identifying an area and a building that best suits each individual buyer.