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Monday, May 20 2013 @ 11:15 AM EDT

Real Estate in Panama

Most people who visit Panama-Guide.com are interested in the booming real estate market here in one way or another. There are new towers going up all over Panama City and the skyline is dotted with construction cranes. Along the beaches new developments are popping up so fast it's hard to keep track. In this section you will find articles related to real estate in Panama. If you require additional information about this or any other category of information regarding the Republic of Panama please take advantage of our powerful in-house search engine. And if you still can't find what you're looking for we sometimes take requests. Welcome aboard, and please remember to tell your friends about Panama-Guide.com, the #1 English Language Website about the Republic of Panama. Salud.
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An Island for Kings, Lost Boys, and Pirates

Real Estate

First, an open admission: all of this is based on local legend and rumor, so don’t expect a university historian to corroborate it.

Now the juicy part: according to the locals, it’s unquestioned that Boca Chica island off the Panamanian coast, just 15 miles Southeast of the David airport, was the no- kidding hideout for the legendary Captain Morgan, of spiced rum fame.

And with one step out onto the island, it becomes clear why…

The Island remains, even to this day, both wonderfully isolated amidst primeval, moon-of-endor-like forests, and also home to the highest peaks on the coast.

island in Panama

If you don’t want to be seen, you simply will NOT be seen. But if you wanted to see others coming, you’d see them from miles and miles away, since the tallest peak on the island boasts an elevation of 300 feet and offers views all the way back to the Baru Volcano on the mainland, and all the way out to the Chiriqui Marine Park at sea. Either way, it makes for a perfect hideout for a pirate and a perfect fortress of solitude for a superhero.

Also, if you’re willing to go with local custom a bit further, you’d probably also want to know that this island, at least according to the myths, was sacred to the Incan Kings.

All of which means it would be hateful to every romantic bone in a man’s soul to turn the place into condos and restaurants -- which is why Emerging Terrains has dedicated itself to keeping the island a pristine sanctuary for the kind of lost boys and tinkerbells looking for such a place.

And if the legends don’t move you, perhaps the facts will:

Just the Facts:

  • Boca Chica Island is a 400 acre island that’s a 10 minutes boat ride from Panama’s Pacic Coast in waters that are always calm.
  • 99% of the island is covered in primary rainforest, which provides for a truly prehistoric and totally un-touched feel.
  • Boca Chica Island borders Panama’s Chiriqui Gulf National Marine Park & the Hannibal Bank -- home to world-class fishing where 90% of the deep sea fishing records have been caught.
  • Boca Chica Island is, in turn, surrounded by 50 other, smaller and uninhabited islands.
  • We bought the entire island, including 400 acres of the island to include 5 contiguous miles of coastline.
 Boca Chica Island’s Natural Beauty

Active Protection for Boca Chica Island’s Natural Beauty

So… unlike a lot of other Latin American real estate investors, our plan is never to buy utterly pristine land in order to create high-density developments of condos, parking lots, and tourist spots. that’s not how we create value.

We create value by finding pristine coastline that can be purchased cheaply and sold directly to the kind of adventurous, self-sufficient people who hunger for unspoiled beauty and privacy, and then we market directly to them.

And a big part of this business model involves protecting buyer’s investments through very low density (very few houses & lots of land) planning that actively protects the natural beauty of the island.

What’s Being Built and Planned for Boca Chica Island:

  • Mango Bay Villa Estate - A villa designed to allow all of the comforts of home in an ancient setting. this is where prospective buyers stay when they come down to walk their reserved lots.
    Mango Bay Villa on Boca Chica Island
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  • A small fishing lodge under development on the North point. We sold this portion of the island to an investor from Texas who shares our eco-friendly vision for the island and who is building his Simple-Is-Beutiful lodge on Boca Chica Island’s North Point.
  • Monte Vida Park, a new 50 Acre Park we are forming expressly to protect and preserve the natural Rainforest while adding value to the surrounding land.
  • Playa Mystica -- a low-impact development of 30 lots on 60 acres that will serve as the anchor community on the island. this is about a 1/5 of typical development density and assures that each lot has 100 feet of rainforest between it and the next structure.

About Playa Mystica

Just like for our earlier (nearly sold out) Playa Burica project, we are quietly and quickly assembling a group of like minded individuals and prospective buyers for Playa Mystica from all over the world. their backgrounds are varied but common values and traits that bind them together: 

  • They all have a pioneering spirit -- meaning that they’re creators who are willing to step out and live their dream, even if that dream takes them a bit off the beaten path.
  • Whether they're fishermen, sailors, backpackers, hikers, or explorers, they all have a need or hunger for nature and natural beauty. It feeds their souls more than most and they feel the need for it more than most.
  • They all have the courage of their convictions -- men and women who, after doing their due diligence, are willing to push play on their plans, willing to actually DO the thing.
  • They all know what does and does not make them happy, and are willing to abandon what doesn’t work for them in order to pursue what does.
  • If you think you might be such a person, and if you’ve been looking either at Panama Real Estate or at finding your own piece of prestige coastline, you owe it to yourself to reserve your lot, come visit and decide for yourself.

Playa Mystica Website

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Vista Mar - Beach House - $2,195,000

Real EstateUpdate:Price Reduced from 2.5 Million to 2.1 Million.

Every morning, the sun’s incredible colors emerge from the ocean offering a unique sunrise to start the day. Walk down your private steps to the beach and enjoy the pristine beauty of the Pacific Ocean. A leisurely five minute walk on the sand brings you to a small fishing village where you can select (fresh from the boat) the catch of the day—lobster, corvina, shrimp, red snapper, tuna—whatever is in season. For an extra dollar or two, the fishermen will clean and prepare the fish for tonight’s BBQ. Walking back to the house you will see kids frolicking in the surf, rock formations appearing with the tide and an incredible assortment of colorful seashells.

After a quick dip in the "salt-water" swimming pool you may want to change into your golf clothes and head to the pro shop to meet friends for a challenging game of golf along the water. This spectacular Par 72, 7273 yard Championship golf course has been designed by award winning architect, J. Michael Poellot.

Before returning home, you might want to make weekend reservations at the Terrazas Del Mar Restaurant where Chef Pascal Finet, will invite you to enjoy his delicious food and panoramic view of the ocean. Monsieur Finet specializes in Mediterranean food and is constantly changing the menu to take advantage of the season’s bounty. Expertly prepared fresh fish dishes along with gourmet continental cuisine will await your pleasure.

Back at the house you notice that the tide is coming in and the surf is picking up. You get your board from the "beach-room" located below the sun deck and head to the beach for a fun afternoon of surfing. Both left and right breaks are 100 yards offshore (in your backyard). Gentle, rolling waves for beginners are close to shore. After surfing you can rinse off in a very private shower located next to the "beach Bohio" then go directly to the Jacuzzi.

Before dinner, you can select your fresh salad from the bamboo greenhouse. This unique greenhouse is complete with a sink, misters, growing tables and offers a wide variety of tasty organic vegetables. Flowers and orchids along with a collection of exotic plants are ready for harvest.

Whether you are preparing dinner for two or twenty two the folding kitchen windows that open to the BBQ patio make cooking a delight. Your guests will enjoy the freshest cuisine possible.

After dinner you may want to take a casual walk to the Serenity Garden where exotic plants and nature blend together to create a peaceful natural setting. As the moon comes up, you can stroll by the club house and on to the beach where you can enter the property through the beach gate. Relax in the master bedroom balcony and see a new "show" every night. The stars in the Milky Way are ready to be counted; distant lightening flashes bring the night horizon to life, while the tranquil sound of the ocean prepares you for a perfect nights sleep.

Located only one hour from Panama City, in one of Panama's most exclusive gated developments, with 24 hour security, this custom Panama beach house has it all. If you're looking for the ultimate in Panama Beach real estate.

Large 24 hour Supermarkets and two new Shopping Malls just 10 minutes from house. Two additional shopping malls under construction.

Numerous restaurants, featuring a variety of cuisines, are less than 10 minutes away. Two restaurants are within walking distance.

The house has 4 bedrooms, 3 of which have balconies with a view of the ocean and 5 bathrooms.

In this property there is a salt water infinity pool with a waterfall next to a bohio.

There are private steps down to the beach where there is also a beach shower to remove the sand and a beach room for equipment like surfboards and more.

The house is also equipped a modern security system, and electric front gate to enter the property.

For more information about this property contact don@panama-guide.com or via cell phone at 6614-0451. See below for images of this property. (more)

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$150 Million in Transactions At Expo Vivienda

Real EstateExpo Vivienda 2013 concludes today in Atlapa with over 180 exhibitors and more than 300 housing projects. (more)

You've just hit a "pay wall." Panama-Guide subscribers who have logged in to their user accounts can see the full text of this article. However non-members can only see this short introduction. If you would like to subscribe, please click this link to subscribe via PayPal.

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Clients Vs. Developers

Real EstateThe illusion of buying your first home or a beach house is one of the experiences generating more expectations among consumers. (more)

You've just hit a "pay wall." Panama-Guide subscribers who have logged in to their user accounts can see the full text of this article. However non-members can only see this short introduction. If you would like to subscribe, please click this link to subscribe via PayPal.

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Trumping Transparency - How Much Is The "Donald Trump" Name Worth?

Real EstateBy Jacqueline Palank - How much is the Trump name worth? The developer of the Trump Ocean Club International Hotel & Tower in Panama wants to shield that information from prying eyes during its bankruptcy case.

Newland International Properties Corp. on Monday asked a Manhattan bankruptcy judge “to limit public access” to the licensing and other agreements that enable the developer to use the Trump name for the 2.8-acre tower overlooking the Pacific Ocean on Panama City’s Punta Pacifica Peninsula.

In court papers, Newland said that if confidential terms such as pricing and fees got out, it would put its use of the Trump name in jeopardy and possibly hurt the Donald himself.

“Exposure of this confidential commercial information would be detrimental to the debtor, its estate and creditors, as well as the Trump parties, who are party to various similar agreements with third parties,” Newland said. “The exposure of such terms would be anticompetitive to their business.”

While Chapter 11 is heralded for its transparency, companies can, and often do, ask to shield confidential and proprietary information from public view.

Court papers do show, however, that Newland owes Trump Marks Panama LLC, from which it licenses the Trump name, $15.3 million.

Newland sought Chapter 11 protection last week with a plan in hand to restructure $220 million in bond debt, which a bankruptcy court will consider approving at a May 28 hearing. The developer defaulted on its bond debt in November 2011 as a result of real-estate woes brought on by the global economic downturn.

Trump Ocean Club opened in 2011 and features 630 condo units and 369 hotel condo units as well as various shops, restaurants and offices. A private beach club is slated for completion this September, and Newland is also currently working on adding a 75,000-square-foot casino to the mix. (Wall Street Journal)

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Ave. Balboa - Vista Mar - $285,000

Real EstateThis apartment in the center of Ave. balboa has an amazing view to the Bay of Panama right from the living room and balcony. The Cinta Costera is just across the road, and excellent place for jogging or bike riding.

The building is also located within walking distance to the Calle Uruguay area, where there are many night clubs and entertainment opportunities.

The apartment itself is fully furnished with a size of 108 square meters, two bedrooms, two bathrooms, kitchen with all appliances included and a laundry room.

The building has an outstanding social area with a swimming pool, gym and a sauna.

Also the security in the building is 24/7 with a doorman to verify the entry and destination of everyone coming in.

For more information about this property contact don@panama-guide.com or via cell phone at 6614-0451. There are lots of images of this property below. (more)

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Ave. Balboa - Grand Bay Towers - $255,000

Real EstateThis marvelous apartment is located in Marbella right in front of Ave. Balboa with an exceptional view of the city of Panama, from the building itself you can walk to the Multicentro mall in less than 5 minutes.

There is a park in the area with a soccer field and playgrounds for children that has been recently been renovated.

The apartment building is the newest in the area and has excellent security, with a doorman who verifies the entry of all visitors. Apartment owners have a special key to get through the main door.

The apartment itself is 140 square meters with one bedroom and one and a half bathrooms, a very spacious living room with a beautiful view of the city of panama and a counter separating it from the kitchen.

For more information about this property contact don@panama-guide.com or via cell phone at 6614-0451. There are lots of images of this property below. (more)

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Trump Ocean Club Panama Goes Through Debt Restructuring

Real EstateNewland International Properties, Corp., developer of the Trump Ocean Club International Hotel and Tower Panama seeks to restructure the debt in the bonds.

Panama’s investor community is watching closely to see the outcome that the restructuring of the bonds issued by Newland International Properties, Corp will have on Panama’s iconic development, Trump Ocean Club. The bondholders have until 5:00 pm on April 29th to accept or reject the bond-restructuring plan.

There have been countless calls from investors expressing their concerns and looking for more up to date and accurate information. As the property management company representing the largest group of investors in the project Punta Pacifica Realty aims to provide reliable information based on facts rather than opinion.

The words Chapter 11 has made many investors nervous but this is simply a re-structuring strategy necessary for the bondholders to move forward under new terms. According to Gary Lundgren, an investor closely associated with the project and who serves on the Board of Directors for the Trump Ocean Club project: “The USA Chapter 11 Newland bankruptcy only affects the bonds and NOT the building.”

The reality is that if 96-100% of the bondholders accept the restructuring proposal then the Chapter 11 bankruptcy is not necessary because the only purpose of the bankruptcy is to force the terms of the restructured bonds onto the non-consenting bondholders.

It’s extremely unlikely that 100% of the bondholders will accept a restructuring exchange offer so the Chapter 11 process is necessary to force the restructuring terms on dissenting “holdout” bondholders. The US courts appear to only have jurisdiction over the Newland International Properties, Corp bonds because US law, as structured in the indenture, governs them. This Chapter 11 process is a pre-arranged and pre-negotiated restructuring plan under the laws of New York.

Trump Ocean Club continues to be recognized as Panama City’s premier luxury resort providing solid rental returns for residential owners. Punta Pacifica Realty is Panama’s leading property management company managing the vast majority of residential apartments in the resort and working with the large multinational companies to ensure their executives have the opportunity to enjoy the exclusive Trump lifestyle. (Press Release)

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Red Frog Beach - Villa Cantata Del Mar - $595,000

Real EstateThis beautiful home in Red Frog Beach is surrounded by rainforest and perched on the hillside with unheralded views of the Caribbean Sea. Villa Cantata del Mar is being offered to someone looking for an investment or retirement home in one of Panama’s top destinations. The home includes a private infinity edge pool and is offered with a rental income guarantee and all furniture and decor included.

Since Oceans Group International took over the resort in 2008, the destination has developed into one of Panama’s most unique locations. Set on a Caribbean Island, the beaches and ecology of Bocas del Toro offers adventure, beauty and luxury to owners and those who vacation there.

This home has its own private Infinity Edge pool for those days you just want to relax without having to leave the comfort of your property.

The house also has a Rental Guarantee, if you decide to purchase the property but not reside in it, Red Frog Beach Resort will rent it out for you, if you desire.

The land is 2000 Square meters in size and the house is 288 square meters in size with two floors, four bedrooms, with two and a half bathrooms.

For more information about this property contact don@panama-guide.com or via cell phone at 6614-0451. There are lots of images of this property below. (more)

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Punta Chame Resort For Sale - $899,000

Real Estate For Sale - An operating resort located on the road to Punta Chame, just one mile off of the Pan American Highway.

The current owner had this property appraised within the past 60 days and the report came in at $1.2 million. The owner is motivated to sell for personal reasons and has reduced the price to $899,000. At this price, someone will be realizing an immediate 25% gain on their investment in a property which represents an excellent opportunity for development income.

The overall parcel of land is large, measuring 1.25 Hectares (or 3.08 acres).

The original plan and design called for the construction of a total of fifteen duplex units, each with one house (one or two bedroom depending on design) on each side. So far five of those buildings have been built - or a total of ten duplex units. Of those, seven have been sold to existing residents. The remaining three units are included in this purchase.

Each of the one bedroom duplex units measure a total of 61 square meters of construction space. They have a living room, dining room, kitchen, one bedroom, and a bathroom.

There is a large (233 square meter) swimming pool located in the center of this resort complex, which also serves as the social area for residents.

There's an area to the side with chest deep water with seats - perfect for enjoying an "adult beverage" while staying cool.

One of the buildings next to the pool houses the bar/grill on one end, and the fully equipped gymnasium on the other end. The total construction side of this building is 238 square meters. The gym has modern exercise equipment required to to work out the main muscle groups (machines) as well as free weights. The bar/grill area has enough space to comfortably fit 50 people.

The total area of the social area is of 1,579 Square meters

Another building on this property houses five commercial spaces which front on the road, designed to be rented to small businesses. This feature would also generate additional income.

The rest of the land is already subdivided into lots to allow for the construction of ten more housing units - or a total of twenty additional duplex units.

For more information about this property contact don@panama-guide.com or via cell phone at 6614-0451. There are lots of images of this property below. (more)



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