The penthouse on Ocean Reef Island, a low‑density enclave within Panama City, is offered for rent as a fully furnished, turn‑key residence. Spanning the fifth and sixth floors of a six‑story building, the unit totals just over 300 m² (≈3,200 ft²) and features high ceilings, white marble finishes, and expansive windows that provide uninterrupted marina and ocean views.
Key features
- Living spaces – Open‑plan kitchen with a central island, all Miele appliances, an eight‑seat (expandable to twelve) dining table, and a spacious living room designed for socialising.
- Bedrooms – Three bedrooms, each with direct marina views and picture‑window cross‑ventilation.
- Outdoor areas – A large balcony suitable for a sitting area and barbecue, plus a private terrace attached to the master bedroom that offers sunset views.
- Amenities – Infinity pool, lounge area, urban garden, gym, tennis and paddle courts, yacht club, on‑site restaurant, and a 37‑ft pursuit boat available to residents.
- Location – Situated in the heart of Panama City, within a three‑minute drive of Trump Tower and Punta Pacífica, yet set on a private island that feels removed from the urban bustle.
Rental terms
- Monthly rent: US $9,000 (includes all furnishings and access to the full suite of amenities, including the boat).
- Lease length: Typically 6 months to 1 year, catering to individuals who wish to test the area before committing to a purchase.
Additional opportunities
- The nearby Pearl Islands, reachable by boat in roughly 1½–2 hours, are highlighted as a secondary market for luxury properties. The islands have been used as a filming location for the television series Survivor and are marketed as a “Panama’s Tahiti.”
Tax considerations
- Panama operates a territorial tax system, meaning income earned abroad is generally exempt from local taxation. With appropriate planning, residents may achieve a zero‑tax position while living in the country.
Prospective renters should evaluate the comprehensive amenity package, the strategic urban‑island location, and the potential tax advantages when considering this property.
