The Panama real estate market
The Panama real estate market is one of the most exciting in the world today. It’s really come into prominence in the past decade, with growth and appreciation stabilizing since 2013.
The area of San Francisco in Panama City is one of the city’s most up-and-coming, and the Altos del Golf community, within the San Francisco area, is considered one of the city’s finest and most prestigious. Many embassies have offices and residences here.
The main house of this property has 4 bedrooms leading to either a balcony or terrace, each with ensuite baths. There are two additional half baths. Grand entry is two stories in height with a circular staircase, Additional rooms are a huge formal dining or conference room, oversized kitchen with two room pantry, family dining area, living room, family room, utility/laundry room, wine cellar. All rooms have French doors leading outdoors. Master bedroom has private dressing area, walk in closet, huge bath area, and french door to terrace where there is plumbing for a future spa. The upper level is nearly surrounded by a terrace with lighted balustrade hand made on property.
From the front entry, one can either enter the house, or enter a private office suite. The office has two very large rooms with large windows to bring the outdoors in. This area has a half bath and a place for a kitchenette. The owner can enter this area via a private hall from the residence. Each room is separately air conditioned.
The listing price is a firm $4.5 million. The seller has priced the property to sell quickly, so they can get it off their books.
This home has the potential for being an embassy residence, corporate headquarters, or a luxury private residence. The home and grounds could easily accommodate 2-3 hundred guests.
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