You’ll want your camera at the ready when you step into this slick Panama property, with sweeping mountain and ocean views as far as the eye can see.
Villa Los Pozos has hit the market on the doorstep of Coronado, a highly sought-after coastal resort city popular with Panamanians and international jet setters alike.
In one of the recent tweets, World Economic Forum called Panama the best country in the world to retire in, pointing out the quality of healthcare, ease of obtaining residency and quality of life. Coronado, located just an hour from Panama City, is first on the list of the most interesting second home destinations within the country.
The coastal resort city of Coronado, Panama
The city also was Panama’s first resort development, and for this reason, has several years of advantages over other surrounding beach towns.
Despite growing development, Coronado still has limited supply of real estate, especially in the high-end segment. Villa Los Pozos is one of rare finds on the property scene.
Villa Los Pozos, a conveniently located coastal retreat
The sprawling six-bedroom property, decked out with an apex ceiling in the main living room and large windows, makes for an ideal retreat at the heart of a vast environmentally-focused residential project. It is also close to dozens of amenities, from state of the art hospitals to hypermarkets.
Some of the major draws in the area include an 18 hole, par 72 golf course, created by famed designers Tom and George Fazio. There’s also a run of photogenic white sand beaches with showstoppers including Playa Bonita, which provides views of the Panama City skyline, and Punta Chame, where surfers and watersports lovers congregate to catch waves.
In terms of style, Villa Los Pozos was masterminded by Ignacio Mallol, one of Panama’s leading architects who is known for creating homes with contemporary and international flair.
Offering a sense of privacy, the property is set back from the road with a generously proportioned driveway and mature foliage sheltering it from view.
Villa Los Pozos was designed by Ignacio Mallol, one of Panama’s leading architects.
Plenty of space for entertaining
A canopied entranceway invites you into the home, where you will find well-proportioned rooms finished with natural stone floors, whitewashed walls, modern Italian furnishings, and classic dark wood detailing.
Spaces on the ground floor include a dining room, a fully-equipped kitchen, and a laundry room, while upstairs a wide and bright staircase leads to bedrooms complete with dressing rooms and private terraces.
Moving outside on the two-acre plot, there is plenty of space for entertaining with multiple terraces and balconies.
A large rectangular swimming pool and sundeck take center stage in the backyard, with mountainous landscapes to soak up as you go. The surrounding plot has been expertly landscaped with manicured flower beds, palms, and fruit trees making for an attractive mix.
A prime investment opportunity
On the investment front, the sale of Villa Los Pozos comes at an ideal time.
Despite the pandemic, the Panamanian real estate market is booming thanks to investment from international buyers. Lawyer Abel Gomez notes that 40 percent of real estate assets in Panama priced above $140,000 are purchased by foreigners.
The average housing price in luxury real estate is currently pegged at $1,180,000 per listing / $2,500 per sqm.
While there are other investment opportunities out there, many of the Panamanian properties have more of a traditional feel compared to Villa Los Pozos – listed at $1,950,000 – which appeals to those with refined upmarket tastes. The minimalist style also promises to stand the test of time.
Its sale is being handled by Premier Realty Panama, a well-established firm with in-depth knowledge of real estate in the region and experience of working with overseas clients.
Visit Villa Los Pozos listing to learn more about a rare real estate opportunity in Coronado, Panama.
