Property ID : 1325
For Sale $2,500,000 - Residential, Single Family Home
This gorgeous Playa Coronado Estate is located on the Pacific Ocean, just one hour from Panama City, and twenty minutes from the new, international airport in Rio Hato. Within the private, gated community of Coronado, Republic of Panama, it is a fabulous place to consider home and an over-the-top place for entertaining! Built over a 5-year period of construction, this house is in pristine condition.
The lot size is over one acre (4143.06 mts2 / 44595.89784 Sq Ft), with the home being 20,107 square feet of living space (breakdown: 8,278 ft. enclosed – 7,545 ft. covered – 4,284 ft. open area). The main house is three stories high, with stunning ocean views from the 2nd and 3rd story. You will find 5 bedrooms and 6 baths, fully furnished and very tastefully decorated. Three of the bedrooms are in the main house and two separate living spaces are tastefully positioned as guest suites near the pool. Central Air conditioning can be found on main floor of this large house, with individual air conditioning in each of the other rooms. Eight water tanks of 1,200 gallons each, fitted with before and after filter makes running out of water in dry season an impossibility.
There was nothing left out when building this sanctuary. All windows and exterior hinged & sliding doors are black aluminum with solar mirrored bronze glass. This allows the indoors to remain cool and private. A large, oval sky-light made of bronze safety glass in the entry area of the home provides daytime light in and starry views at night. Roof tiles are imported from Spain. This home is equipped with beautiful lighting and ceiling fans in every room, helping to maintain a cool, tropical temperature. There are built-in surround sound speakers through-out home.
A chef’s paradise, the kitchen a creator’s haven. With 2 Kitchen Aid refrigerators, 2 convection ovens, a gas stove, a grill w/hood, ice maker, microwave, 2 sinks, 2 food disposals, 2 warming trays you will lack nothing. A granite-covered island in kitchen is 4′ x 10′. A large, walk-in pantry is situated just off kitchen, with custom shelving allowing plenty of space to store food and necessities for entertaining. All counter tops are granite, and all tiles within the house are porcelain and imported from Spain or Italy.
A large, stunning and gorgeous pool, finished with Diamond Brite, is the main attraction of the backyard, with seating for approx. 30 persons – yes, 30! There is an inviting outside bar area, ultimately designed for luxurious entertaining.
A spacious four-space carport is tucked away in the back left corner of the property, with covered walk-ways to main house and suites. In front of the main house you will be in awe at the large, beautiful water fountain. Underneath the fountain is a 20,000 reserve water tank. Sixty Royal Palm trees have been strategically placed on the property, offering the ultimate tropical environment on the immaculately landscaped yard.
The ‘perfect guest house’ is located in the front corner of the lot. It is the perfect spot for a visiting family, with 2 stories, beach views, two bedrooms, 2 bathrooms, a kitchen, and living/dining rooms. A caretaker house is also in the front of the property, self-contained with its own outdoor kitchen.
Safety is not a concern, as the entire property being completely walled with 10-12 ft high concrete. In addition, an electronic security gate is in place to allow only those invited to have entry. The home also has a fully-integrated alarm system. Securely situated across from the beach, direct beach access is only 30 paces from front gate.
A 20-year property tax exemption in place on this property. Contact The Cat-Den Team to arrange your personal viewing of this property.