Apartment for Sale at Montecarlo, Ocean Reef Islands

Description

Montecarlo | Ocean Reef Islands On Latin America's first residential man-made islands, facing the Pacific coast of Panama City and just minutes from its financial district, rises Montecarlo: a boutique residence conceived for those who understand that true luxury is privacy. With just 10 apartments, Montecarlo offers an exclusivity reserved for a select few, within a 19-hectare community developed by world-class engineering firms. The apartment: 181.82 m² 1 bedroom | 1.5 bathrooms 2 parking spaces (with electric charging) Enclosed kitchen Maid's room and bathroom Storage room Views of the Pacific Ocean, the marina and the city skyline You will also enjoy: Rooftop pool with barbecue area Private and outdoor multipurpose areas in every apartment Private terraces overlooking the Pacific Ocean Electric vehicle charging station Covered parking spaces For more information or to arrange a viewing, please do not hesitate to contact us; we will assist you as soon as possible.

Amenities

• Balcony
• Closets
• Fully fitted kitchen
• Maid's room
• Ceramic / marble flooring
• Panoramic view
• Laundry area
• Storage room
• Double-glazed windows
• Jacuzzi
• Social area
• Elevator
• Barbecue / grill area
• Gatehouse
• Visitor parking
• Swimming pool
• Power generator
• Concierge / reception
• Security
• Children's play area
• Residential area
• Sports areas
• Green areas
• Basketball court
• Soccer field
• Tennis court
• Close to parks and schools
• Close to restaurants
• Social club
• Trash chute

Gallery

The area: Punta Pacífica

Punta Pacífica sits on reclaimed land along Panama City's Pacific waterfront, within the San Francisco district and next to Punta Paitilla. It is a purpose-built, high-density residential area of bayfront towers, wide avenues and a mix of offices, medical facilities and retail at street level. The neighbourhood connects to the rest of the capital through Vía Israel and Avenida Balboa, and to the Corredor Sur, the toll road linking the city with the international airport and Costa del Este.

For buyers, Punta Pacífica means modern construction, ocean and skyline views, and the amenity levels expected in newer towers, from concierge service to pools and gyms. It draws executives, professionals, retirees and international investors who want a walkable, well-serviced address close to the banking area. Inventory is almost entirely apartments, from compact units to large floor plans and penthouses, which supports both long-term rental demand and resale liquidity.

Similar properties

• Penthouse for Sale in Punta Pacifica, PH Toc — $1,260,000
• Apartment for Sale in Punta Pacífica, Ocean Reef Islands — $1,230,000
• Apartment for Sale at Ocean Reef PH Beach Club Residences — $1,200,000
• Apartment for Sale at PH Montecarlo Ocean View, Ocean Reef — $1,500,000
• Luxury Apartment for Sale at Ocean Reef Islands — $1,500,000
• Apartment for Sale in Punta Pacífica, Ocean Reef Islands — $1,050,000

Frequently asked questions

How are 181 m² used in a one-bedroom apartment?

The area is divided between generous social spaces, a main bedroom with bathroom, a maid's room, a laundry area and a storage unit, plus the balcony with panoramic views. It is a layout for a buyer who values living and entertaining space over the number of bedrooms. If you would like to study an internal reconfiguration, we can arrange a review of the floor plans and of the building administration's rules.

What do the Montecarlo building and the Ocean Reef Islands development offer?

The unit sits within a development with a gatehouse, reception and concierge, security staff, elevator, social area, pool, barbecue area, children's play area, visitor parking and a power generator. The two parking spaces and the storage unit are assigned to this apartment. The exact maintenance fee and the internal regulations are provided in writing on request.

Who does this unit suit in Punta Pacífica?

It tends to appeal to buyers looking for a primary or second home in a gated, low-density setting within an established part of the city where services are close by. A one-bedroom layout with a large social area and a maid's room also works for executives or couples who entertain. If you plan to rent it out, review the development's rules on leasing and minimum terms first, information we request from the administration.

Can a foreigner buy property in Panama?

Yes. Panamanian law grants foreigners the same ownership rights as nationals, with no residency requirement and no local partner. Specific restrictions apply to land near the borders. We guide you through every step of the process.

What costs should I expect beyond the price?

In addition to the purchase price, you should budget for transfer tax, notary fees, registration with the Public Registry, and legal fees. We provide the exact breakdown for this property before you sign the purchase promise.

Your advisor

DG Group Real Estate — licensed brokers in Panama City. We guide you from the first viewing through to registration with the Public Registry. +507 6528-6434