Terramar

Overview

Terramar is a completed residential complex of twin towers on Vía Israel in San Francisco, Panama City, developed by Btesh & Virzi. The towers stand on the bay side of the avenue, across from the Sheraton Grand Panama, and were completed in 2007. The apartment offered here is a resale unit, ready to move in or to rent out.

The apartment

• 3 bedrooms and 2 bathrooms
• 98 m² of interior area
• 1 parking space
• For sale from $180,000

Units on the upper floors look out over the Bay of Panama and the city skyline. Floor, view and condition vary from one apartment to another, so each unit's layout and finishes should be reviewed before an offer.

Building and amenities

The complex offers a swimming pool, a gym, a children's play area, a sports court and 24-hour security, and it accepts pets. Amenities in an established building can change over time, so the current list and the monthly maintenance fee should be confirmed with the administration before buying.

Location

Vía Israel is one of the main avenues of San Francisco, connecting the neighborhood with Punta Paitilla, Punta Pacifica and the Corredor Sur expressway toward Tocumen International Airport. The ATLAPA convention center, supermarkets, restaurants, schools and Parque Omar are all a short drive away.

For buyers and investors

Terramar is a finished building, so there is no construction risk: the apartment can be visited before buying and occupied or leased right away. It suits buyers looking for a three-bedroom home in a central, established neighborhood of Panama City. Rental income is not guaranteed. Prices are quoted in US dollars.

Browse more San Francisco listings, see other Btesh & Virzi projects, or contact the Life n’ ROI team to request current availability and pricing at Terramar.