Located near calle 50 in Obarrio, this condo is move…
Yoo Tower is the most sought-after address on Panama City’s waterfront boulevard, Avenida Balboa, and this beautifully furnished two-bedroom unit is one of the best options available in the building for those looking for a “move-in ready” option.
Offering over 180 m2 (1,937 sq ft) of living space, this two-bedroom, two-bathroom property features polished natural stone flooring, floor-to-ceiling windows and a high-efficiency central air conditioning system.
The open-concept kitchen is fully equipped with stainless steel appliances (double-door refrigerator, dishwasher and gas stove), Italian cabinetry and beautiful quartz stone countertops. The spacious living-dining room area is perfect for entertaining, while the adjacent study leads out to a stunning wrap-around terrace with panoramic views of the Bay of Panama, the Panama Canal, the Casco Viejo historic district and the dramatic city skyline.
The master suite has direct ocean views from the king-size bed, as well as ample closet space and an elegant in-suite bathroom with double vanities and glass-enclosed shower. The second bedroom is equally large and offers dramatic views of the city’s waterfront.
Renowned French designer Philippe Starck created the architectural concept for this award-winning residential tower. His innovative decor is prevalent in the building’s impressive social areas, including a large residential lounge with private library, pool table and bar service; air-conditioned gym facility with top-of-the-line TechnoGym equipment from Italy; luxurious pool area with cabanas, oversize lounges and full bar service; two squash courts; full-service spa and daycare center. In addition, there are three upscale restaurant options as well as a full-service mini-market located within the building.
Residents enjoy free valet parking services, as well as 24-hour concierge and excellent security.
This turn-key property is an ideal option for real estate investors, as it can be advertised for immediate rental with no additional investment in renovations or furnishings required. This particular floor plan (model “I”) is the most sought-after style in the building, and nicely furnished options rent very quickly. The unit enjoys tax exoneration on its constructed value until 2029, which significantly improves the return for investors.
Sign up to our property Blasts
Sign up to receive a monthly round up of our favorite city properties on the market.