Brand New Listing in Coronado Bay, Panama

Location: Pacific Beach
Specific Area: Coronado
Property Type: In Construction
Property Class: Condo
Size: 117 m²/ 1259 ft²
Price: $295,000
Bedrooms: 2 Br

Description

If you have ever dreamed of living in the gated community of Coronado, on the beach, in a BRAND NEW apartment, this may be what you are looking for.

The building is scheduled to have Occupancy Permits issued December 2009 and it will qualify for 20 years of property tax exoneration.

The building itself is 26 stories…and up to floor 22 will be apartments. This apartment is almost the very top and directly on the beach!

Each floor of the building has 10 apartments, #01 – #10. Apartments #03 – #10 have partial ocean and/or mountain views – these are NOT direct beach front.
ONLY apartments #01 and #02 are DIRECT BEACH FRONT, making this 01 unit very valuable.

Apartment Information

Interior Space: 1,258 square feet (117 square meters)
Number of bedrooms: 2
Number of bathrooms: 2
Property tax: 20 years on the property tax exemption (no property tax!)
Condominium owners fee: $150 per month (this includes: water, garbage pick up, road and common area maintenance, 24 hour security, building insurance, all outside maintenance, landscaping, and sewer)

Coronado Bay

75 minutes drive from Panama City to Coronado
High rise and beach front gated private community
Private access to the beach
Swimming pools
Towel and beach chair service
24 hour security
Coronado ranks among one of the most beautiful beaches in the more than 3,000 kilometers of coastline Panama has to offer in each of its two oceans
Coronado has many restaurants, one major supermarket, drugstores, medical clinic, eye doctor, hardware stores, artisan shops and the renowned Coronado Country Club with its own 18-hole golf course, one of the most beautiful in Panama, designed by Tom Fazio, as well as a complete Equestrian Riding Club
Also, 2 brand new shopping centers are going in next to the El Rey shopping center – with one of them being complete by summer 2010

The Building

24 – story building with 19 floors of apartments ranging from 92m² (995ft²), 103.5m² (1,114ft²), 105m² (1,130ft²) to 112m² (1,205ft²)
One parking space per apartment
Three high-speed passenger elevators
One high-speed service and cargo elevator
24 hour security
Water reserved tank with pumping system
Full auxiliary power generator
Floor to ceiling height of 9 feet
Storage deposits available
Parking area for visitors
Social area located on the top of the building’s top 2 floors
On the first 3 floors of the building – will be a boutique hotel called Solarium – that will consist of 37 rooms

The Apartments

Master bedroom with full bath and walk-in closet
Living room / Dining room area
Guest bathroom
Kitchen with natural gas hook-up
Imported ceramic tiles and granite countertops
Laundry room area
Imported ceramic floor
Connection for cable TV

Social Area

Swimming pool
Covered terrace
Sun deck
2 Bars
Exercise room
Dressing room and sauna
Private beach club for residences and guests

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