Real Estate Trend Alert

By Ronan McMahon

Ocean House

In April 2019, RETA members were able to buy two-bedroom condos in Ocean House for $238,200. Prices in this phase are now starting at $305,350, which is an increase of $67,150.

This community is in the Santa Maria Golf & Country Club, which is perhaps the most exclusive address in Panama City. This opportunity took advantage of a little-known change in planning that allowed the developer to build smaller condos, with a more affordable sticker price than other communities in Santa Maria.

Santa Maria is 692 acres in all, offering privacy and security in the heart of a world-class city. The grounds are landscaped; the sidewalks wide; and the amenities top-notch. There’s a Jack Nicklaus golf course, a Marriott Luxury Collection hotel, and a planned country club, which will feature tennis and squash courts, yoga and Pilates, an Olympic-sized pool, running track and bowling alley.

Our condos are modern and sleek, with the finishes and amenities that an aspirational professional, well-heeled retiree or entrepreneur will want to rent.

Santa Maria is close to downtown Panama City but away from the downtown noise and crowds. It’s exclusive and luxurious. It’s the kind of place you might want to share with friends and family for vacations or even make a permanent residence.

Here are the details of this RETA deal:

  • Location: Panama City, Panama
  • Launch date: April 2019
  • RETA Deal: 2-bed condos – $238,200
  • Availability: Sold Out
  • Retail Price: $305,350
  • Stage of development: Under Construction
  • Delivery date: 2023