ApartmentPanama

Price :

$1,302,300

USD

Euro € EURAmerican Dollar ($ USD)British Pound (£ GBP)

Surface302 m²bedrooms3 bathrooms4

Experience Luxury and History at Santa Familia: Luxury Apartment in Casco ViejoA timeless 55-apartment oceanfront development located in the heart of the city's UNESCO-designated historic district, Casco Viejo. Santa Familia will house studios and 1- to 4-bedroom apartments right in front of Santo Domingo Beach. You'll have the most spectacular views of the beach, Casco Viejo, and the modern city.Oceanfront Apartments3 bed, 3.5 baths, With balconies as large as patios as lush as jungles, Santa Familia's residences come with timeless finishes, hotel-quality service, designer touches, and Miele appliances. Nothing in Panama compares.Total area: 303 Mt2 / 3261.50...Ft2, Internal: 293 Mt2External: 10 Mt2The Building: A Hidden GemFrom street level, Santa Familia will blend into the parade of charming shops and homes of Casco Viejo, with terraces peering out over the crumbling rooftops of Casco, parking will be discreetly hidden underground with discreet entrances on both Calle 4a and Calle 5a so as not to disturb the historic streetscape. Viewed from the ocean, Santa Familia's neoclassical buildings reveal a landscaped courtyard, swimming pool and ocean club, exclusive to residents. Extensive planting and mature palm trees will provide shade and a lush tropical feel.Why invest in Casco Antiguo?Extremely attractive government tax incentives to invest in and promote the restoration of Casco Antiguo significantly reduce the cost of ownership and increase value.Incentives: No property taxes for 30 years. You also don't pay income tax on rental income, your tenant can deduct their rental costs from their income taxes, you're eligible for a 300 basis point reduction on your mortgage, meaning typical rates in Casco are 3%. Your property in Casco holds its value better because it's a historic district with limited supply and unique appeal.One of the 12 Coolest Neighborhoods in the WorldForbes magazine calls it one of the 12 Coolest Neighborhoods in the World, but many of us simply call it home for its distinctive combination of historic charm, healthy waterfront living, and a vibrant, eclectic, and welcoming community. As a UNESCO World Heritage Site, it's among the rarest and most sought-after classes of real estate.