Ocean Reef Islands

Panama City

The Standard of

Urban Excellence

View Photos Watch Film 360° VTour Open House

Hernán Matute

Presented At

$2,146,250

Bedrooms

Bathrooms

Living

3,822

SQFT

Stories 2

Open Kitchen

Elevator

Kitchen island

Laundry Room

Walk In Closet

Gas Stovetop

Terrace

Garage

Basketball Court

Parking

Helipad

Tennis Court

Private Beach

Pool

Outdoor Kitchen

Water View

Ocean View

Panoramic / Scenic View

Duplex

Modern

Ocean Reef Islands, Panama City, Panama, Panama City, Panama. - Photo 1

Ocean Reef Islands, Panama City, Panama, Panama City, Panama. - Photo 2

Ocean Reef Islands, Panama City, Panama, Panama City, Panama. - Photo 3

Ocean Reef Islands, Panama City, Panama, Panama City, Panama. - Photo 4

Ocean Reef Islands, Panama City, Panama, Panama City, Panama. - Photo 5

Ocean Reef Islands, Panama City, Panama, Panama City, Panama. - Photo 6

Ocean Reef Islands, Panama City, Panama, Panama City, Panama. - Photo 7

Ocean Reef Islands, Panama City, Panama, Panama City, Panama. - Photo 8

Ocean Reef Islands, Panama City, Panama, Panama City, Panama. - Photo 9

Ocean Reef Islands, Panama City, Panama, Panama City, Panama. - Photo 10

Ocean Reef Islands, Panama City, Panama, Panama City, Panama. - Photo 11

Ocean Reef Islands, Panama City, Panama, Panama City, Panama. - Photo 12

Ocean Reef Islands, Panama City, Panama, Panama City, Panama. - Photo 13

Ocean Reef Islands, Panama City, Panama, Panama City, Panama. - Photo 14

Ocean Reef Islands, Panama City, Panama, Panama City, Panama. - Photo 15

Ocean Reef Islands, Panama City, Panama, Panama City, Panama. - Photo 16

Ocean Reef Islands

Panama City

Ocean Reef Islands, Panama City, Panama, Panama City, Panama. , Panama City , Panama City

A private island. A world-class lifestyle

This extraordinary two-story penthouse on Ocean Reef Island offers over 355 sq.mt. (3,821+ sqft) of refined living space, with breathtaking panoramic views of the Pacific Ocean and the Panama City skyline. Designed for those who seek both privacy and elegance, the residence features a spacious rooftop terrace with its own private plunge pool, perfect for entertaining under the stars or enjoying quiet mornings with the sea breeze. The lower level boasts an open-concept layout that blends living, dining, and kitchen areas into one harmonious space. Floor-to-ceiling windows invite natural light throughout, while sliding glass doors create a seamless connection between the indoors and outdoors. The master suite is a true retreat, with a spa-like bathroom, a generous walk-in closet, and direct access to the terrace. Two additional en-suite bedrooms ensure comfort for family or guests, and a separate service area adds flexibility for staff or storage. Amenities within the exclusive Ocean Reef community include: – 24-hour security and controlled access – Private marina for yachts – Clubhouse, gym, and wellness areas – Landscaped gardens and walking paths – Underground parking and visitor spaces Live in one of Panama’s most prestigious residential enclaves—a secure, gated island just minutes from the financial district, fine dining, and luxury shopping. This is more than a penthouse. It’s a lifestyle reserved for the few.

Gallery

Property Video

PLAY FILM

Ocean Reef Islands

Panama City

3D Street View Tour

Property Location

Ocean Reef Islands, Panama City, Panama, Panama City, Panama., Panama City Panama City

Local Weather & Climate

Panama City, Panama City

Current Conditions Updated recently

83 °F

Few clouds

Feels Like 90°F

Humidity 77%

Wind 10 mph

Visibility 6.2 mi

Sunrise 11:39 AM

Sunset 11:21 PM

5-Day Forecast

Mon 26 Jan

Rain

High 88°

Low 83°

Tue 27 Jan

Clouds

High 88°

Low 74°

Wed 28 Jan

Clouds

High 85°

Low 73°

Thu 29 Jan

Clouds

High 89°

Low 72°

Fri 30 Jan

Clouds

High 86°

Low 72°

Annual Climate Based on last 12 months

76° Avg Low

Jan

88° Avg High

Mar

334 Rainy Days

per year

Arid

Semi-Arid

Moderate

Wet

90" Annual Rainfall

Wet climate

Monthly Temperatures

Jan

89°

75°

Feb

88°

76°

Mar

91°

76°

Apr

91°

77°

May

90°

78°

Jun

88°

77°

Jul

89°

77°

Aug

90°

77°

Sep

87°

77°

Oct

85°

76°

Nov

85°

75°

Dec

86°

75°

Data from OpenWeatherMap & Open-Meteo

Walkability & Transit Scores

How easy is it to get around Panama City?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

Down Payment

$100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

Potential Tax Benefits (United States)

$0 Est. First Year Interest Deduction

$0 Est. Annual Tax Savings

*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

Ready to explore financing?

Connect with trusted mortgage partners

Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

Tax Information Disclaimer

The tax benefit information displayed on this page is provided for general informational and educational purposes only. This information:

Does not constitute tax advice and should not be relied upon as such. Tax laws are complex and vary by jurisdiction, individual circumstances, and are subject to change without notice.
May not be current or accurate for your specific situation. Tax rules are updated frequently by governments, and the information shown may not reflect the most recent changes.
Uses simplified assumptions that may not apply to your circumstances, including filing status, total income, other deductions, alternative minimum tax considerations, and local tax variations.
Should not be used as the basis for any tax planning decisions or financial strategies without consulting a qualified tax professional licensed in your jurisdiction.

Before making any decisions based on potential tax benefits, you should consult with a qualified tax advisor, certified public accountant (CPA), or licensed tax professional who can evaluate your specific circumstances and provide advice tailored to your situation.

Limitation of Liability: By using this calculator, you acknowledge that all results are approximations and should not be relied upon for financial, legal, or tax decisions. openluxe, its affiliates, officers, directors, employees, and agents expressly disclaim all liability for any damages, losses, or consequences arising from the use of or reliance on this calculator or the information provided herein. openluxe is not a lender, financial advisor, or tax professional and does not provide mortgage loans, financial advice, or tax advice. Use of this calculator does not create any professional relationship.

$2,146,250

Ocean Reef Islands, Panama City, Panama, Panama City, Panama.

Panama City, Panama City

3 Beds

View All Photos

Market Opinion

View prices in:

Our perspective on current market conditions in Panama City. For informational purposes only — always consult a licensed real estate professional before making decisions.

Market Analysis

International luxury real estate typically appreciates steadily over time.

Buyer Score

Estimated regional appreciation: 4% annually

Ultra-luxury properties tend to be more resilient during market downturns

Future Value & Wealth Building

Starting investment: $214,625,000 20% down ($42,925,000)

Investment Perspective

$1 → $1.36

Every dollar invested today could become $1.36 in 10 years

$100 → 136 $1,000 → $1,362

$18,443/day

Your home may appreciate while you sleep

$129,453/week $560,965/mo $6,731,577/yr

$100K Investment Comparison (10 Years)

Real Estate (Leveraged)

$281K

S&P 500 Index

$259K

High-Yield Savings

$155K

Real estate leverage: potential 8% advantage over stocks

-$118.1M

+$167.5M

$167.5M Potential Equity

vs $118.1M lost to rent over 10 years

$42.9M Down Payment Growth

3.9x

10yr

$167.5M

8.1x

20yr

$346.8M

12.6x

30yr

$542.1M

Wealth Comparison

×1,291

Equivalent to 1,291 average US homes

top 5%

US household wealth ranking

Median: $193K Yours: $542.1M

Time to Double Your Investment (accounting for market cycles)

42.4

years

Conservative

1.65% effective/yr

22.4

years

Market-Based

3.14% effective/yr

15.3

years

Optimistic

4.62% effective/yr

Projected Home Values (adjusted for market cycles)

10 Years

Conservative $252.8M +18%

Market $292.3M +36%

Optimistic $337.3M +57%

$167.5M est. equity

20 Years

Conservative $297.7M +39%

Market $398.0M +85%

Optimistic $530.0M +147%

$346.8M est. equity

30 Years

Conservative $350.6M +63%

Market $542.1M +153%

Optimistic $832.9M +288%

$542.1M est. equity

These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Important Disclaimer

The information presented in this Market Opportunity Opinion is provided for informational and educational purposes only and should not be construed as financial, investment, legal, or real estate advice. This analysis represents our opinion based on publicly available data and should not be relied upon as the sole basis for any real estate or investment decision.

No Guarantee of Accuracy: While we strive to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or suitability of the data, projections, or analysis contained herein. Market conditions can change rapidly and unpredictably.

Not Professional Advice: This content does not constitute professional real estate, financial, or investment advice. We strongly recommend consulting with qualified professionals—including licensed real estate agents, financial advisors, attorneys, and tax professionals—before making any real estate or investment decisions.

Past Performance Disclaimer: Historical data and trends presented do not guarantee future results. Real estate markets are subject to numerous factors beyond the scope of this analysis, including economic conditions, interest rates, local regulations, and unforeseen events.

By viewing this information, you acknowledge that you understand these limitations and agree that the property owner, listing agent, brokerage, and platform providers shall not be held liable for any decisions made based on this analysis.

Data from World Bank and regional real estate market research | Estimates based on historical appreciation trends

Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does Ocean Reef Islands, Panama City, Panama, Panama City, Panama have?

This apartment at Ocean Reef Islands, Panama City, Panama, Panama City, Panama features 3 bedrooms with 3,822 square feet of living space.

What is the size of Ocean Reef Islands, Panama City, Panama, Panama City, Panama?

This property offers 3,822 square feet of living space.

What is the listing price for Ocean Reef Islands, Panama City, Panama, Panama City, Panama?

This property is listed at $214,625,000, which equals $56155 per square foot.

Is now a good time to buy a home in Panama City?

Based on current market indicators, Panama City shows an active market. The market opportunity score is 65 out of 100, reflecting factors like price trends, inventory levels, and days on market.

What is the climate like in Panama City?

Panama City features a pleasant climate. Average temperatures range from 76°F in winter to 88°F in summer. The area receives approximately 90 inches of precipitation annually. There are about 334 days with rain throughout the year. This climate information can help you plan for seasonal activities and energy costs.

What are the best months to visit or move to Panama City?

Panama City tends to be warmest in Mar and coldest in Jan. The shoulder seasons of spring and fall often offer the most comfortable weather for moving and outdoor activities.

What type of property is Ocean Reef Islands, Panama City, Panama, Panama City, Panama?

This is a apartment located in Panama City, Panama City. The property is situated in an established neighborhood with convenient access to local amenities and services.