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New Exclusive Project in Casco Antiguo/Panama City

$300,000

Description

:🏙️ Plaza Novena – Casco Antiguo (Panama)

Project Overview

Location:
In the heart of Casco Antiguo, facing the sea and next to the mangroves, at the intersection of 9th Street and Av. Demetrio B.

Style:
Boutique low-rise building (4 floors plus a central tower), blending classic architecture with modern touches.

Main Features

  • Exclusive Units:
    Only 12 residential beachfront apartments, plus 2 commercial units on the ground floor.
  • Sizes:
    From 47 m² to 183 m².
  • Prices:
    Starting around $300,000 (1-bedroom), up to $1.1M for the penthouse.
  • Estimated Delivery:
    Year 2027.

Unit Types

  • 1 Bedroom / 1 Bathroom:
    Between 47 m² and 66 m², with sea-facing balconies.
  • 2 Bedrooms / 2 Bathrooms:
    Approximately 78 m², also with sea views.
  • East Penthouse (183 m²):
    Two levels, terrace with deck and pool, multiple en-suite bedrooms, elevator access.
  • West Penthouse (164–165 m²):
    Two levels, terrace, pool, spacious interiors, en-suite bedrooms.

Finishes and Features

  • Imported wood floors and handcrafted ceramic tiles; high-end materials throughout.
  • Italian kitchens with quartz countertops and BOSCH appliances; bathrooms with porcelain tiles and KOHLER fixtures.
  • Tempered laminated glass windows; ventilation system for exhaust and dryer.
  • Large balconies and French doors to maximize light and sea views.

Neighborhood

  • Located in a UNESCO World Heritage Site, with high rental demand, strong expected capital appreciation, and cultural charm.
  • Surrounded by cafes, restaurants, galleries, historic plazas, and a vibrant nightlife scene.
  • No internal amenities like a gym or pool — designed for enjoying the neighborhood lifestyle.

Services & Accessibility

  • Walking distance (50 to 300 m) from supermarket, bank, pharmacy, park, and theater.
  • Excellent connectivity: just 30 min drive  from the international Tocumen airport , 15 min drive from  Marcos A. Gelabert International Airport and 15 min walking distance from Cinta Costera (coastal beltway).

Commercial Spaces

  • Ground-floor commercial units:
    • One is 119 m²
    • The other is 120 m²
      Both include patio and street access — ideal for a boutique or café.

Investment Info

  • Sales Price per m²: $6,200–$7,000 (depending on unit size and view).
  • Estimated Rental Rate: $22–$25 per m².
  • High projected capital appreciation due to limited new construction in Casco and heritage protections.

Address

  • City: City
  • State/county: Panama
  • Neighborhood: Casco Antiguo
  • Country: Panama

Detail

Updated on June 20, 2025 at 2:49 pm

  • Price: $300,000
  • Property Size: 47 m2
  • Bedrooms: 1,2
  • Property Type: Apartamento, Apartment
  • Property Status: Presale

Contact info

Olga Realty Zone
Olga Realty Zone

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