Casco Viejo Penthouse Paradise - Private Pool, Ocean Views, $1.86M
Where colonial grandeur meets contemporary luxury above the Pacific
This extraordinary penthouse crowns one of Casco Viejo's most coveted addresses, offering an intoxicating blend of UNESCO World Heritage charm and modern sophistication. With your private rooftop oasis floating above the cobblestone streets and a coveted 30-year tax exemption, this is Panama living at its most refined.
About This Property
This magnificent 3-bedroom, 3-bathroom residence spans 309 square meters of thoughtfully designed living space, each room a testament to the seamless marriage of historic architecture and contemporary luxury. Floor-to-ceiling windows frame the UNESCO World Heritage streetscape, while your private rooftop pool becomes an urban sanctuary suspended between colonial past and cosmopolitan present. The secure parking space—a rare treasure in this pedestrian paradise—ensures modern convenience never compromises historic charm.
Casco Viejo pulses with an energy found nowhere else in Central America. Cobblestone streets lead to acclaimed restaurants where celebrated chefs reinterpret Panamanian cuisine, while boutique galleries and rooftop bars create an cultural tapestry worthy of any global capital. Your address places you at the epicenter of Panama City's renaissance, where morning coffee comes with ocean breezes and evening strolls unfold through centuries of architectural wonder.
The numbers tell an equally compelling story. Your 30-year tax exemption transforms this acquisition from purchase to investment strategy, while Casco Viejo's protected status ensures your surroundings remain timelessly valuable. At $1,856,500, this penthouse represents not just prime real estate, but a passport to Panama's most exclusive lifestyle enclave—where every day unfolds with the sophistication of a luxury resort, yet the authenticity of a living, breathing historic quarter.
This is your invitation to claim not just square footage, but a front-row seat to one of the Americas' most remarkable urban transformations. In Casco Viejo, you don't simply relocate—you become part of Panama's golden story.
Property Highlights
- Private rooftop pool with Pacific Ocean panoramas
- Three spacious bedrooms in 309 square meters
- 30-year tax exemption included
- Secure parking in pedestrian historic quarter
- UNESCO World Heritage location
- Turnkey luxury finishes throughout
- Walking distance to finest restaurants and culture
The Neighborhood
Casco Viejo stands as Panama's cultural crown jewel, where UNESCO-protected colonial architecture houses world-class restaurants, boutique hotels, and sophisticated galleries. This pedestrian-friendly quarter buzzes with cosmopolitan energy while maintaining its authentic historical soul, creating an urban experience unmatched in Central America.
Nearby:
Commute: 15 minutes to banking district, 25 minutes to Tocumen International Airport, 5-minute walk to waterfront promenade
Location
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Casco Veijo | Panama City | Panama
Frequently Asked Questions
What makes this penthouse worth $1,856,500 compared to other Panama City properties?
Beyond the prime UNESCO location and private rooftop pool, you're acquiring a piece of protected heritage with a 30-year tax exemption. Casco Viejo properties offer unique appreciation potential due to limited supply and protected status, unlike the unlimited high-rise development elsewhere in Panama City.
How does the 30-year tax exemption work for foreign buyers?
This property qualifies for Panama's historic preservation tax incentive, exempting you from property taxes for three decades. DoPanama's licensed team handles all documentation to ensure you maximize this significant financial benefit from day one.
Is Casco Viejo safe for daily living and walking?
Absolutely. Casco Viejo has transformed into Panama's safest pedestrian quarter with 24/7 tourism police, well-lit streets, and constant foot traffic from residents and visitors. The area's renaissance has created a vibrant, secure environment for luxury living.
What's the process for purchasing as a non-Panamanian resident?
Panama welcomes foreign property ownership with the same rights as locals. DoPanama guides you through every step—from legal due diligence to title transfer—typically completing transactions within 30-45 days. No residency required for purchase.
Are there additional costs beyond the $1,856,500 purchase price?
Expect approximately 4-5% in closing costs including transfer taxes, legal fees, and registration. As licensed professionals, we provide transparent cost breakdowns upfront. The 30-year tax exemption will save significantly more than these one-time expenses.
Can this purchase help with Panama residency requirements?
Yes, this property value qualifies for multiple Panama residency programs including the Friendly Nations Visa. DoPanama's relocation specialists can coordinate your real estate purchase with residency applications for seamless Panama transition.
Penthouse properties in historic Casco Viejo average only 23 days on market—this caliber of luxury with tax exemption rarely becomes available
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