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FIRE SALE: $200,000 Price Drop on Luxury Golf Course Condo at Empire Residences Panama

FIRE SALE: $200,000 Price Drop on Luxury Golf Course Condo at Empire Residences Panama

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DoPanama Team

FIRE SALE: $200,000 Price Drop on Luxury Golf Course Condo at Empire Residences Panama

A luxury 3-bedroom condo at Empire Residences in Santa Maria, Panama has been reduced by $200,000 to $980,000, representing one of the most significant price drops in Panama City's luxury real estate market this year. According to Panama's National Statistics Institute, luxury property prices in Santa Maria average $3,500 per square meter, making this 322-square-meter residence an exceptional value at approximately $3,043 per square meter.

Empire Residences: Architectural Excellence in Panama's Premier Golf Community

Empire Residences stands as Santa Maria's crown jewel, designed by renowned architect Saúl Bassan to blend luxury living with Panama's tropical environment. The building features Fendi Casa interior design in the private lobby, biometric security systems, and resort-style amenities including dual pool areas and a professional fitness center.

Located just 8 minutes from Panama City's financial district and 15 minutes from Tocumen International Airport, Santa Maria represents Panama's most exclusive gated community. The area hosts major international corporations including Procter & Gamble, Adidas, Nestlé, and Estée Lauder, creating a sophisticated international business environment.

Santa Maria property values have increased 47% over the past 5 years

Source: Panama Association of Real Estate Brokers (ACOBIR)

Property Details: 3-Bedroom Golf Course Residence with Smart Home Technology

This 322-square-meter (approximately 3,500 square feet) residence offers unobstructed views of the 18-hole Jack Nicklaus championship golf course and Pacific Ocean. The property includes marble flooring throughout, wood-paneled walls, floor-to-ceiling windows, and $20,000 worth of integrated smart home technology.

Key features include electric blinds controlled via smartphone app, automated lighting systems, built-in ceiling speakers in multiple rooms, and wired Wi-Fi repeaters in every room. The expansive terrace features a built-in barbecue area, integrated sink, and outdoor sound system, perfect for entertaining while enjoying golf course and ocean views.

Golf course frontage properties in Panama command 35-50% premium over comparable non-golf properties

Source: Latin America Real Estate Investment Report 2024

Santa Maria Community: Resort-Style Living with World-Class Amenities

Santa Maria offers residents access to comprehensive lifestyle amenities within the gated community. The 18-hole Jack Nicklaus golf course serves as the centerpiece, complemented by Town Center Mall, Johns Hopkins affiliate hospital, bowling alley, indoor and outdoor go-kart tracks, and professional paddle ball facilities.

The community features modern urban planning with underground electrical grids, Miami-quality streets and sidewalks, and extensive green spaces. Additional amenities include a large dog park, bike and skate park, professional turf soccer fields, VIP movie theater with English-language films, and diverse dining options at the foodie market.

Santa Maria residents have access to healthcare 40% less expensive than U.S. equivalent services

Source: International Living Healthcare Index 2024

Panama Real Estate Investment Advantages for International Buyers

Panama's mature democracy offers consistent property rights protection, while the U.S. dollar economy eliminates currency exchange risks for American buyers. The country's strategic location as the 'Hub of the Americas' provides excellent global flight connections, with Copa Airlines offering direct flights to over 80 destinations.

Panama's Qualified Investor Visa program allows property purchases of $300,000 or more to qualify for permanent residency, making this Empire Residences purchase an ideal pathway to Panamanian residency. The country maintains year-round tropical climate with consistent temperatures between 75-85°F.

Foreign real estate investment in Panama increased 23% in 2023, totaling $1.2 billion

Source: Panama Foreign Investment Promotion Agency

Fire Sale Opportunity: $200,000 Immediate Savings

The reduction from $1,190,000 to $980,000 represents a 16.8% discount on one of Panama City's most coveted luxury residences. This pricing includes all smart home technology, premium finishes, and immediate occupancy availability. The seller requires quick closing, creating urgency for qualified buyers.

At $980,000, this residence offers championship golf course frontage, Pacific Ocean views, and resort-style amenities without ongoing resort fees. The included smart home technology alone represents $20,000 in added value, while the marble and premium finishes throughout ensure lasting elegance.

Average luxury condo prices in Panama City increased 12% year-over-year to $4,200 per square meter

Source: Numbeo Panama Real Estate Index 2024

This Empire Residences fire sale offers a rare opportunity to acquire luxury golf course living in Panama's most exclusive community at exceptional pricing. With $200,000 in immediate savings, included smart home technology, and potential Qualified Investor Visa eligibility, this property represents both lifestyle upgrade and investment opportunity. Contact DoPanama Real Estate & Relocation at +507 6443-3341 for immediate viewing appointment before this fire sale opportunity ends.

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Expert Insights

This Empire Residences fire sale represents the best value we've seen in Santa Maria's luxury market in over two years. With $200,000 in immediate savings plus included smart home technology, qualified buyers are moving quickly on this opportunity.

Austin Hess, COO of DoPanama Real Estate & Relocation

Santa Maria combines the best of Panama living - golf course luxury, proximity to Panama City's business district, and access to world-class healthcare. This fire sale pricing makes premier expat living accessible to a broader range of international buyers.

Austin Hess, COO of DoPanama Real Estate & Relocation

Frequently Asked Questions

What is the current price of luxury condos at Empire Residences Panama?

A 3-bedroom luxury condo at Empire Residences is currently available for $980,000 (reduced from $1,190,000). This 322-square-meter residence includes golf course and ocean views, marble finishes, and $20,000 in smart home technology.

Does buying property in Panama qualify you for residency?

Yes, Panama's Qualified Investor Visa allows property purchases of $300,000 or more to qualify for permanent residency. This Empire Residences purchase at $980,000 exceeds the threshold and provides a pathway to Panamanian residency.

What amenities are available at Santa Maria Panama?

Santa Maria features an 18-hole Jack Nicklaus golf course, Johns Hopkins affiliate hospital, Town Center Mall, bowling alley, go-kart tracks, paddle ball facilities, dog park, movie theater, and diverse dining options. The gated community also offers 24/7 security and modern infrastructure.

How far is Empire Residences from Panama City airport?

Empire Residences in Santa Maria is located 15 minutes from Tocumen International Airport and 8 minutes from Panama City's financial district. The strategic location provides easy access to both business centers and international travel connections.

What smart home features are included in this Empire Residences fire sale?

$20,000 worth of smart home technology is included: electric blinds controlled via smartphone, automated lighting system, integrated music system, built-in ceiling speakers in multiple rooms, and wired Wi-Fi repeaters throughout. All systems operate through smartphone apps for seamless home automation.

Why is this Empire Residences condo being sold at a discount?

This is a fire sale requiring quick closing, resulting in a $200,000 reduction from $1,190,000 to $980,000. The seller needs immediate sale completion, creating an exceptional opportunity for qualified buyers to acquire luxury golf course living at below-market pricing.

What are the benefits of living in Santa Maria versus other Panama locations?

Santa Maria offers Panama's only Jack Nicklaus championship golf course, proximity to major international corporations, Johns Hopkins affiliate healthcare, and premium security within a gated community. The location combines luxury resort amenities with easy access to Panama City's business and cultural centers.

Key Statistics

Santa Maria property values increased 47% over 5 years

Source: Panama Association of Real Estate Brokers (ACOBIR) (2024)

Golf course frontage properties command 35-50% premium in Panama

Source: Latin America Real Estate Investment Report (2024)

Healthcare in Panama costs 40% less than U.S. equivalent services

Source: International Living Healthcare Index (2024)

Foreign real estate investment in Panama totaled $1.2 billion in 2023

Source: Panama Foreign Investment Promotion Agency (2023)

Average luxury condo prices in Panama City are $4,200 per square meter

Source: Numbeo Panama Real Estate Index (2024)

Locations Mentioned

Santa MariaPanama CityCosta del EsteTocumen International AirportPunta Pacifica

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