Palacio del Mar, fusing modern extravagance with ecological sensitivity
Palacio Del Mar is a tranquil retreat and a true paradise embraced by pristine sands, clear Caribbean waters, and the island's natural beauty. Palacio del Mar is a five-acre oasis, perfectly located in the beautiful archipelago in Bocas del Toro, Panama.
The first phase of development is made up of five buildings that, when completed, will hold a total of 145 luxurious residences – each with a view of the crystal blue waters or the world-class marina.
9 Reasons to Invest in Palacio del Mar
- Breathtaking location; embraced by unspoiled beachfront, clear Caribbean water, and the pristine rainforest in historic Bocas Del Toro
- Luxury quality with residences boasting features such as Wolf kitchens with stainless steel appliances and granite countertops
- All residences boast floor-to-ceiling glass windows
- Impressive range of amenities including a Spa, beach and yacht club
- With more than 25 years of experience, the developer has completed major projects in several countries across the world
- Panama has the best retiree incentive program in the world, including perks such as 50% off entertainment, 25% off airline tickets, 20% off doctor’s bills.
- has a near-perfect tropical climate, with an average daytime temperature of 27°C/80 degrees Fahrenheit
- Will offer to all of its condo owners an optional management program in which they will manage the rental of your unit and provide all the services of a hotel
- Full consumer protection with Escrow is offered (Stewart Title).
Location
Palacio del Mar is located in Bocas del Toro, a quaint, less travelled secret in western Panama, just 40 kilometres, or 24 miles from Costa Rica. The archipelago is comprised of six large and a few smaller islands. Palacio Del Mar will be located in Colón Island, the largest of the islands where you also will find a hotels, restaurants, and installations for ecological and adventure tourism.
Adjacent to The Smithsonian Tropical Research Institute, the region boasts some of the world's most exotic aquatic and animal species, coral reefs, tropical forests, and colourful vegetation, making it one of the most beautiful, yet untouched islands/locations anywhere despite the fact that it was one of the spots that famed explorer Christopher Columbus first set foot.
The development is approx. 40 mins flight from Panama City or five hours drive.
Residences
The residences at Palacio Del Mar are divided into two distinct types:
- Beach residences, facing glorious, aquamarine Caribbean beaches
- Bay residences facing romantic Almirante Bay on the marina
The Caribbean Beach Residences will boast wooden floors harvested from sustainable forests and large glass panelled walls - perfect for viewing breathtaking sunrises.
Residences facing Almirante Bay will enjoy privileged access to the private world class Marina and Yacht Club - all set against a dazzling, unspoiled tropical backdrop with majestic sunsets over the bay.
Both beach and bay residences interior finishes include dark hardwood floors, Wolf kitchens with stainless steel appliances and granite countertops. The bathrooms are equipped with brushed nickel Kohler “Purist” fixtures, dark mahogany wood vanity, granite countertops, and limestone floors.
The condominiums, ranging from one to three bedrooms
| Unit Type | Size* | Prices FROM |
| 1 bedroom | 808 sq.ft | US$275,380 |
| 2 bedroom | 1,216 sq.ft | US$366,320 |
| 3 bedroom | 1,491 sq.ft | US$537,380 |
* size is living space, indoor and outdoor
All residences boast balconies.
Furniture packages will be available.
Facilities & Services
Palacio Del Mar’s many amenities and services include:
- Private yacht club
- 70-slip marina
- The Aqua Spa with four Treatment Areas, boasting spectacular wiews, spacious soaking pools, steam baths, private men’s and women’s moon terraces, meditation and relaxation area, men’s and women’s lockers, and full salon.
- Beach Club
- Billiards room and library
- Restaurant and bar
- Fully-equipped fitness centre
- Infinity edge swimming pool
- 24-hour concierge service
- Housekeeping will be available at additional cost.
Purchase Details
The deposit required is 30% paid in the following manner: 10% with Contract, 10% 3 months after date of Contract and 10% 6 months after date of Contract or Top-off whichever occurs first.
The balance is on completion. Construction is estimated to begin in June 2008 and completion for the beginning of 2010.
Maintenance approx. 23 to 25 cents per square foot.
The development will offer to all of its condo owners an optional management program in which they will manage the rental of your unit and provide all the services of a hotel.
Full consumer protection with Escrow is offered (Stewart Title).
Hot Properties Worldwide is an authorised sales representative of Palacio Del Mar
Hot Properties Worldwide is an authorised sales representative of Palacio del Mar
