Panama Real Estate with Spectacular Ocean Views, Zero Property Taxes and Low Maintenance
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ListingID: 1072
Vista Del Mar Panama City, Panama
Asking Price: $ 234,900
Availability: For Sale
Vista del Mar is located DIRECTLY on the Pacific Ocean in Panama City on Avenida Balboa. The building is complete and ready to move into.
DIRECT ocean view unit for resale.
"A" unit with Balconies and 105 m2
La Meridan Hotel ( boutique, luxury hotel chain) occupiesthe first six floors of the building. The hotel adds incredible value to the apartment residences above it, and will provide a rental program for all private residences. Vista del Mar has gained much attention since the announcement of this hotel . Location of Vista Mar is right across the street from it's sister property, The Miramar Intercontinental Hotel ( highest rated hotel in Panama City and also built by Empresas Bern ). Vista del Mar owners will benefit from the overflow of both hotels, should they choose to rent their units.
If you have been cautious about purchasing a one-bedroom for rental investment, these 1bedroom, 1.5 bath units are the exception to the rule.
Property Management company to manage the rentals of these exclusive residences and owners can easily expect $2,500 per month rents, due to the location, view and hotel amenities that will be available to all private owners and tenants.
Don't miss out on this offer to live on Avenida Balboa at a price that has not been offered
in over two years. Contact us for further details.
About This Property
Location: Panama City
Category: City
Construction Year: 2008
Area: 1100
Bedrooms: 1
Bathrooms: 2
Stories: 44
Parking Spaces: 1
BRAND NEW, LUXURY 1BED/1.5BATH OCEANFRONT APARTMENTS ON BALBOA AVE.
The new Coastal Strip project with park and walking and cycling path is right across the road.
The first 6 floors of this building will host the all new 125 room Le Meridian Hotel. The most prestigious hotel in town, the Miramar Intercontinental http://www.miramarpanama.com/en-index.php is located straight across.
This tower is undoubtedly one of the most desired properties in Panama.
If you're not planning to use this apartment year around, you can easily rent it out. The going short term rate is in the neighborhood of $3000 (furnished) and in the $2400 range long term with a minimum of 1 year lease, unfurnished. We can refer you to a management agency that can assist you with all your property management needs. See : http://www.thepanamateam.com/rental.php
About the apartment:
This unit is located on high floors with excellent ocean front views. Our luxury 1 bedroom/1.5 bathrooms apartments feature an open floor plan and 1 parking space.
You get easy access to shopping malls, restaurants, casinos, to Corredor Sur ( Tocumen International Airport ). Owner will enjoy a 20 year property tax exemption.
All rate, payment, and area information are estimates and approximations only.
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