Ocean Reef Islands in Panama City - A Luxury Tropical Island Development

Introducing Ocean Reef Islands in Panama City, Panama

Panama City is quickly becoming one of the top destinations for those looking to invest in luxury real estate or vacation properties. Located on the Pacific entrance to the Panama Canal, it offers a vibrant metropolitan area combined with easy access to pristine beaches. One of the most exciting new developments is Ocean Reef Islands, a high-end community being built on the islands in Panama Bay just off the coast of Panama City.

An Ideal Tropical Location

Ocean Reef Islands enjoys a prime location just minutes from downtown Panama City, while feeling a world away. The islands offer spectacular ocean views and a tranquil setting. The protected waters around the islands are perfect for boating, kayaking, paddle boarding and other watersports. On land, you can relax on the white sand beaches, swim in the infinity edge pools, play tennis or enjoy the other amenities. It's the best of both worlds - an island paradise just steps from all the dining, shopping and entertainment options Panama City has to offer.

Luxury Residences and Amenities

Ocean Reef Islands is being developed by Pomono Investment to the highest standards. The islands will be home to luxury condominium towers and villas designed in a contemporary tropical style. Residences will range from 1,500 to 6,500 square feet, with large terraces and floor-to-ceiling windows to maximize the incredible ocean views. Owners can choose from two or three bedroom units with options like private plunge pools and rooftop terraces.

Residents will enjoy exclusive amenities including infinity pools, health and wellness facilities, restaurants, tennis courts, water sports and more. There are plans for a beach club, spa, fitness center, business center and kids club. With 24/7 security and property management, Ocean Reef Islands takes care of every detail so you can fully relax and enjoy island living.

World-Class Marinas and Yacht Club

A signature feature of Ocean Reef Islands will be the 150-slip world-class marina, capable of accommodating yachts up to 250 feet long. There will also be a yacht club with a restaurant, pool, gym and concierge services to cater to boat owners. For those who don't yet have their own vessel, the yacht club can arrange charters to explore Panama's islands and waters.

The marinas will make Ocean Reef Islands a boater's paradise. Due to its location on the Pacific entrance to the canal, it's a convenient stopover point for vessels transiting to and from the Caribbean. Boaters will enjoy easy access to the Las Perlas archipelago, Contadora Island and other cruising destinations.

An Appealing Lifestyle Investment

In addition to its natural beauty and amenities, Ocean Reef Islands offers an appealing lifestyle investment opportunity. Panama is a stable, thriving country that uses the US dollar. It's a global banking and services hub, and home to many expats drawn by the high quality of life and low cost of living. Residents also benefit from various tax incentives.

Real estate has steadily appreciated in Panama City, especially for luxury and waterfront properties like those at Ocean Reef Islands. Investors can enjoy favorable rental income from short and long term rentals during times they aren't residing on the property. With its unique setting and amenities, Ocean Reef Islands is likely to command top rental rates.

Frequently Asked Questions About Ocean Reef Islands

Where are the Ocean Reef Islands located?

Ocean Reef Islands is located off the coast of Panama City, Panama in the Bay of Panama. It sits just 10 minutes away from downtown Panama City by boat.

Who is developing Ocean Reef Islands?

Ocean Reef Islands is being developed by Pomono Investment, a luxury real estate developer based in Panama.

What types of properties are available at Ocean Reef Islands?

Ocean Reef Islands will feature luxury condominium towers and villas ranging from 1,500 to 6,500 square feet, with options like private plunge pools and rooftop terraces. Units will have 2-3 bedrooms.

What amenities will Ocean Reef Islands offer?

Planned amenities include infinity pools, restaurants, a beach club, spa, fitness center, kids club, water sports, tennis courts, marinas, and a yacht club with concierge service.

When will Ocean Reef Islands be completed?

The first phase of construction is slated for completion in 2025. The overall project will be built out in phases over the next 5-10 years.

Why invest in Panama City real estate?

Panama City real estate offers an appealing lifestyle investment opportunity. Panama has a thriving, stable economy and benefits like the US dollar, tax incentives, and a large expat community. Luxury and waterfront real estate has shown steady, robust appreciation in recent years.

How can I learn more about Ocean Reef Islands?

Contact Pomono Investment to learn more about available properties, view floorplans, get pricing information, and schedule a tour. Their team can answer any questions you have about Ocean Reef Islands.

FAQs

What are the main benefits of living at Ocean Reef Islands?

Key benefits include a spectacular oceanfront setting, luxury amenities like marinas and a yacht club, proximity to downtown Panama City, and appeal as a lifestyle investment with potential for rental income and appreciation.

What is the process for purchasing a property at Ocean Reef Islands?

Contact the Pomono Investment sales team to learn about available units and pricing. Schedule a tour to view homes and amenities in person. A reservation agreement secures the unit, then complete sales documents and transfer funds to finalize purchase.

Are the properties at Ocean Reef Islands turnkey or customizable?

Buyers can select from designer-decorated model units that are move-in ready. For those who wish to customize, the Pomono team can assist with selecting finishes, appliances, and designing your dream island retreat.