Elegant four-bedroom estate home in gated community for sale in Costa del Este, Panama City

Listing Number:SSS434
Villa Costa del Este15 of 102 Elegant four bedroom estate home in gated community for sale in Costa del Este, Panama City  photo

PROPERTY INFORMATION

Price: $1,575,000
Location: Costa del Este
Size: 507 m2 house, 726 m2 lot
Floors:
Price/square meter: $3,106
Bedrooms: 4 + maid
Bathrooms: 4.5 + maids
Year Built: 2006

This finely appointed, four-bedroom home of 507 m2 (5,600 square feet) offers you a rare opportunity to acquire a single-family residence in Costa del Este, Panama City’s most exclusive residential community.  The Spanish colonial design is enhanced by lush landscaping on the large, 706 m2 lot and an elegant circular driveway with covered parking for two vehicles.

Custom-designed, solid wood doors lead to a grand entry hallway with triple-height ceilings and enormous chandelier, framed by a sweeping marble staircase with ornate ironwork and a polished wooden bannister.  The large living room, with French doors to the large covered terrace, is open to a dining room that easily seats 12 and offers direct access to the kitchen.  An adjoining enclosed den, which is as large as the formal living room, has a unique hexagonal shape and enjoys an abundance of natural lighting.  The entire main floor features elegant crown molding, vaulted ceilings and recessed lighting.

The main hallway leads past a powder room (half-bathroom) to a large gourmet kitchen with rich Italian wood cabinetry, high quality granite countertops, top-end stainless steel appliances, a cooking island and an ample dining area with a bay window and seating for eight.  Two additional entrances lead out to the terrace and dining room directly, making it easy to entertain indoors or out.

Behind the kitchen, there is a  seating area for domestic staff and full maid’s quarters with bedroom and bathroom.  The covered laundry area is located outdoors and featured plenty of space for hanging clothes to dry and storage of garden and household tools.  Beneath this area is a private, 400-gallon water reserve tank with pressure pump.

The fenced backyard is a true oasis, with mature tropical landscaping that frames a free-form swimming pool with waterfall and jacuzzi.  The large covered terrace has ample room for casual dining and living areas.  Outdoor ceiling fans will keep you cool on warm days as you lounge in the hammocks that hang between the columns.

The second floor of this sprawling residence features a family room with built-in storage closets and a spiral staircase leading to a converted attic room, which makes a perfect home office or kids’ playroom. The enormous master suite has a private terrace overlooking the pool and gardens, his his and hers walk-in closets and a five-fixture bathroom with large soaker tub and enclosed toilet.  A drop-down staircase in the master suite leads to a large attic, perfect for storing seasonal clothing and decorations.  The three additional bathrooms each have an in-suite bathroom, and two feature large, walk-in closets.

Costa de Las Perlas is an exclusive gated community with 24-hour security and lushly landscaped grounds.  Common area amenities include an air-conditioned gym, soccer field with artificial turf, playground, basketball court and large central park with gazebo.  Homeowner dues are a very reasonable $130 per month, and the residence enjoys exoneration from property taxes on construction until 2026.

The asking price for this estate home is $1,575,000 and viewings must be coordinated at least 24 hours in advance.  For further information or to schedule an appointment to view this lovely residence, please contact Andrea at +507 6619 4079 or E-mail andrea@ipreinfo.com.

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1550529582 Elegant four bedroom estate home in gated community for sale in Costa del Este, Panama City  photo

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