2017
 
Condos or Apartment Villas
Ranging from $210k – $275k
 
$2,200 Avg Price m2
 

Playa Caracol Residences Real Estate

Playa Caracol Residences was built by Grupo Los Pueblos, a company with 36 years of experience and a great reputation in Panama having built Albrook Mall, Westland Mall, and the Grand National Transit Terminal.

 

There is currently: The Sanctuary, built in 2019, which has two towers offering 2 bedroom apartments.

 

New condo complexes currently under construction are Olas del Mar which is a beachfront complex with 2 and 3-bedroom apartments from 70m2, with prices starting at $225,000; and Aires del Mar which is situated in a garden-facing position with 2 and 3-bedroom apartments from 66 m2, prices starting at $152,000; for apartments in these complexes you will pay between $130 and $250 per month for your maintenance fee. 

 

and Brisas del Mar, villa-style apartments on three levels featuring 2 and 3-bedroom apartments from 93.61 m2. These are new builds having only completed construction in 2020 and 2021, but there is even newer coming. There is a lot of construction taking place at the moment to turn this into a beach resort to rival the likes of Playa Blanca.

Where Is Playa Caracol Residences?

Amenities

As mentioned above there is a lot of development taking place at Playa Caracol Residences which will vastly improve on the current amenities. At present, each condo complex offers a pool, social area, and children’s playpark. There is a Sports Hub on site that has a basketball court and a multipurpose court but will soon be adding a pickleball court and a tennis court.



The Surfside Hotel and Club is currently being built, due for completion in 2024, and it will feature three restaurants (one grill restaurant, one local dining, and one rooftop sushi and pokebar), three bars (one poolside and one sport themed), a gym, a spa, a café, a sundeck, and a small convenience store. 

 

If that wasn’t enough they are also building Caracol Retail Village which will include a pump track, sundeck, Beachlawn area (for functions such as weddings and will have a wedding pavilion), Xtreme Sports Academy (where you can take lessons in water sports), Rental Spot (where you can hire sports equipment such as surfboards),  a coworking office space, a spa, a convenience store, a pharmacy, a gym, and a beauty salon and barbershop.

Life In Playa Caracol Residences

Playa Caracol sits 75km from Panama City (approx. 1hr 30 mins depending on traffic) and 14.5km (20 minutes) from the Panamerican Highway. It takes 30 minutes to get to Coronado where you will find all the amenities you need from international schools to clinics, hardware stores and supermarkets to restaurants. 

 

There are very few permanent residents here at the moment, though with all the new amenities this is sure to change. A number of properties are owned by snowbirds, many are used as rentals/Airbnbs.

 

At the moment there is obviously a lot of new construction taking place so some residents may find this disruptive. As well as the new amenities several new condo buildings are under construction and due for completion in 2024, these are currently available for sale off plan.

Playa Caracol can get busy on a Saturday but for the most part, is a less utilized beach than the others in the Chame/San Carlos area. There is over 1km of stunning white sand beach with only a small section of development. The waves here are excellent for surfing and kite-surfing (which is an activity Punta Chame is famous for), and sea-kayaking. Nearby activities include hiking, fishing or cliff jumping at Los Cajones de Chame.

All about Punta Chame

Punta Chame is a finger-shaped peninsula with the ocean on both sides that starts at the Panamerican Highway in Chame and winds down 25km to the point (punta) where the town of Punta Chame can be found. The turnoff for Punta Chame is about 70 km west of Panama City, and then it’s a scenic but bumpy drive down to the end.

 

These are some houses and villages on the road down to the actual town of Punta Chame but amenities here are scarce. The town of Punta Chame is a typical fishing village, with about 400 inhabitants. It is an ideal place to go sea fishing and the local shrimp farms are a fantastic stop for bit. 

 

The beaches in Punta Chame are mainly populated by kite surfers. Due to the strong winds, it is a prime location for the sport and people come from all over the world to enjoy it. The main season for kite surfing is Nov-Apr, people of all ages and abilities are welcome, and there are local classes and competitions too. While the beaches are popular for sports like kite-surfing, wind-surfing, and regular surfing, due to the high winds the waves can be rough meaning most people avoid swimming on Punta Chame beach. However about halfway between the Panamerican Highway and the town of Punta Chame is Playa Caracol, a pristine white sandy beach ideal for swimming. 

Punta Chame is a great place to go to get away from it all, it is quiet and secluded but incredibly beautiful; you have the ocean all around you and wherever you are on the peninsula you are watched over by Cerro Chame, an incredible mountain that is a popular hiking destination. 

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