Owning a condo at Las Olas in Playa Caracol puts you and your renters frontline to a pristine beach with surfing, swimming, fishing, whale watching and hiking all outside your front door.
Las Olas is in Playa Caracol, the closest nice beach to Panama City. The beach in Playa Caracol is stunning and right on your doorstep.
It’s the best beach close to Panama City.
The water temperature in this part of Panama is always beautifully warm. The average water temperature stays between 84.1F and 77.2F throughout the year.
This stretch of coastline is popular with surfers, kiteboarders and swimmers. During the fall months you can watch turtles hatch, and make their way down the beach to the ocean. Dolphins and rays are a common sight, and if you’re lucky you might even see whales.
Los Olas is also close to Panama City. That means owners in Las Olas will own close to one of the richest cities on the continent. Panama City is a global trading and finance hub successfully modeled on there’s Singapore.
Shimmering skyscrapers crowd the skyline from the waterfront right back to the banking district—home to one of the world’s great financial centers. Office buildings house global companies. Modern malls are packed with luxury brands.
Hospitals and clinics offer first-class healthcare. CEOs and other high-ranking professionals make their homes here. The wealth of the world passes through the Panama Canal and the 80 or so banks based here…
And of course, then Playa Caracol… BENFITS OF LIVING ON AN AWESOME BEACH!? This should be first. The main reason to buy in Playa Caracol isn’t proximity to Panama City… you’d just buy a condo in the city!
Amenities
In this render of the pool at Los Olas you can see that the pool is right on the Playa Caracol beach.
There’s to be a sushi bar on the rooftop, and other restaurants, seafood, fine dining…plus a sports bar to catch the game or a pool bar to cool down in with friends.
Next door to Las Olas Surfside is being built and set to be an exceptional 5-star, full frontal beach experience. Due to be delivered in 2024, it offers you world-class beachfront luxury in your “front yard.”
Planned amenities in Surfside include a luxury spa, state-of-the-art gym, superb pool and beach club…gourmet restaurants. All these will be right on the beach. As an owner in Las Olas, it’s all at your disposal for just $5 per month membership fee. Owners are also eligible for discount rates on treatments in the spa and discounts on dining at the restaurants.
People will come to Surfside specifically to enjoy the luxury amenities on the beach. And they’ll pay for the privilege. Once word gets out Surfside will firmly place Caracol on the map as the premier resort on the Pacific Riviera. This should ensure the price of real estate here rises in the coming years and can also lead to rental opportunities for owners.
Getting To Las Olas
Tocumen International Airport at the heart of travel in Latin America.
International flights to Panama arrive at Tocumen International Airport (PTY). Tocumen is the largest and busiest airport in Central America by passenger traffic.
Panama has direct flights to/from the U.S. include Atlanta, Boston, Chicago Dallas/Fort Worth, Houston, Los Angeles, Miami, Orlando, and Washington. There are also direct flights to the Canadian cities of Montreal and Toronto.
Panam is very accessible to Americans, Miami is just a 3 hour flight away, and New York 5 hours and 15 minutes.
Panama has direct flights to Europe, too. Amsterdam, Frankfurt, Madrid, and Paris all benefit from direct flights.
Tocumen International Airport, which serves Panama City, opened a new terminal at the cost of $917 million in 2019. The airport currently maintains direct connections to 82 destinations, operated by 18 airlines, and that’s set to increase. In 2022 the airport received 15.77 million passengers (a return to pre-pandemic traffic volumes), representing an increase of 6.6 million travelers versus 2021.
How Las Olas Came To Be
Another render the developer sent giving a taste of your amenities at Las Olas
Playa Caracol beach wasn’t always easy to reach. For a long time, development leap-frogged the Chame peninsula where Caracol sits on a mile of stunning beach. It was a hard, bumpy ride which meant that this beach paradise was something of a secret.
However, the developer of the project was undeterred.
Bad roads and landowners who didn’t want to sell kept Chame off the radar for a long time. Today, it’s the closest nicest beach to Panama City
He saw the potential in the area. Once he bought up a mile of beachfront real estate, he built a road, put in the infrastructure, and began delivering on his vision of a unique beachfront community.
Today it’s extremely easy to get to Caracol, which connects your condo and community in Las Olas with a pool of potential renters—families, professionals, weekend vacationers, tourists, and, of course, the work-anywhere folks.
The Area Around Las Olas
Playa Caracol. Frontline to the beach with much of the community delivered.
Cerro Chame is the 1,837-foot mountain that forms the backdrop to the community at Playa Caracol. It’s increasingly popular with day-trippers from the city who come to picnic at waterfalls and hike up for the views. But this mountain and all its secret spots are in the backyard for owners in Las Olas.
From the summit of Cerro Chame, you can look along Panama’s Pacific Riviera to this coast’s longest-established community, Coronado, 40 minutes farther west.
A jumble of ill-planned developments and a hard-to-reach black sand beach make it a poor comparison to modern, beach-oriented Caracol where even the farthest point in the community is only 300 yards or so from the sand.
Panama City is only an hour and a half drive away too.
Panama City is one of the wealthiest cities in the Americas, sporting the world’s 25th biggest skyline, beating out LA, Miami, and Beijing to name just a few.
In fact, this is the biggest skyline in Latin America, and 45 of its 50 tallest towers were built after 2000, speaking to the phenomenal rate of growth and development of this small global safe haven in the last two decades.
For more information about Las Olas, Playa Caracol, or any of our other projects, please get in touch with us here.
