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Ocean Coves
Invest in Ocean Coves
Earn in Paradise at Riomar, Panama
Ocean Coves is an exclusive apartment complex located in Riomar, San Carlos District, on Panama’s Pacific coast. Just 500 meters from the beach, this project is designed for smart investors looking to capitalize on the short-term rental market through platforms like Airbnb or Booking. With only 10 units, the complex offers a peaceful, secure environment with all the amenities needed to attract both domestic and international tourists.
The Project Ocean Coves
Each apartment has 81 square meters (872 Sq Ft), comprised of two comfortable bedrooms, two bathrooms, a well-appointed kitchen, dining room, and a balcony or porch overlooking the social areas.
All apartments are solar power ready for future renewable energy installations.
All apartments will have dual energy options: natural gas or electric for kitchen, laundry, and water heating appliances.
We are just 500 meters from the beach, which is ideal for your investment.
Close-knit community. Quiet and peaceful living environment.
Take advantage of the tourist rental market on platforms like Airbnb and Booking.
Auxiliary Water Tanks
Auxiliary Power Plant
Solar Power Ready
Pool
BBQ
Play Groud
2 Spacious Bedrooms – Both fit king-size beds, ensuring comfort for all guests
2 Full Bathrooms – Modern fixtures & full amenities for convenience
Open-Concept Kitchen – Fully equipped + in-unit laundry
Integrated Dining Area – Stylish & spacious for entertaining
Open-Plan Family Room – Perfect for relaxing after a beach day
Balcony / Porch – Ideal for morning coffee or sunset views
The images presented are for reference and illustrative purposes. The finishes, designs, renders, architectural plans, colors, and elements shown in the renders are subject to changes that may be made to optimize the final result of the project. These adjustments are made with the aim of ensuring the best quality and experience for our clients.
Virtual Walkthrough
Earn over 10% annual returns even in conservative scenarios with minimal occupancy and operating assumptions
Conservative projections are based on just 30% occupancy making returns achievable with minimal rental activity
Just 500 meters from the beach and minutes from top tourist spots ideal for high-demand vacation rentals
Optional furnishing service available. Choose a ready-to-rent setup and start earning income immediately, hassle-free.
Early buyers access exclusive lower pricing, boosting profit margins and improving return on investment even further.
Projected income grows significantly in peak seasons. Maximize profits with high nightly rates and strong tourist demand.
Price Lock-In Advantage: By investing during the pre-sale phase, you secure today’s lower market price. This provides immediate value appreciation and shields you from future price increases. It’s a strategic move to maximize ROI from day one.
Legal Protection: All buyers enter into a formal agreement that includes legal clauses designed to protect the rights and obligations of both parties.
Refund Policy: In the event of unforeseen circumstances, investors may qualify for a full or partial refund according to the agreement terms.
1. Reservation Fee (5%) – Paid at reservation to secure your unit.
2. Down Payment (25%) – Due at contract signing.
3. Remaining Balance (70%) – Two options:
– Option A: Progressive Payment Plan
• 25% at construction start
• 25% at structural completion
• 20% at project delivery
– Option B: Bank Financing
• 70% covered via mortgage (Bank Commitment Letter required)
Construction begins once the initial reservation phase is completed and financing milestones are reached. Exact timelines will be communicated transparently with investors.
You will receive:
– Reservation Agreement
– Formal Sales & Purchase Agreement
– Payment Receipts
– Construction Progress Updates
Yes. Ocean Coves is positioned in a high-demand rental area, making it ideal for short-term platforms like Airbnb or long-term leases. Early investors can capitalize on strong yield opportunities.
Yes, depending on the terms in the agreement and subject to developer approval. Early-stage buyers often benefit from capital gains if the property value increases during construction.
Yes. Ocean Coves partners with several banks to facilitate mortgage approvals. A bank commitment letter is required if you choose the financing option.
Absolutely. The process is designed to be seamless for international buyers, with legal and financial guidance available every step of the way.
Rio Mar beach is located about 1 hour and 15 minutes from Panama City and about 1 hour and 30 minutes from the Tocumen International Airport (Panama City’s main airport).
Investing in rental property in Panama, particularly for short-term leases like those for Airbnb, is an attractive opportunity due to the country’s robust tourism sector and favorable economic conditions.
In the first half of 2024, Panama experienced an 8.7% increase in foreign tourist arrivals, totaling 1,443,424 visitors. Notably, Tocumen International Airport saw a 15.8% rise in arrivals during this period. This upward trend in tourism enhances the demand for short-term rental accommodations, making platforms like Airbnb increasingly popular.
Acording to ReportLinker ,in terms of revenue, the Panamanian tourism sector is forecasted to generate nearly $2.29 billion by 2028, up from about $1.83 billion in 2023. This represents an average annual growth rate of 3.5%. Historically, since 2000, the market has experienced a more robust annual growth rate of 5.6%.
