1. Central America
2. Panama
3. Playa Coronado
4. FIRE SALE!! 2 Bedroom Condo in Alcazar Tower

Listing Code: SSS1140
This is a unique luxury condominium apartment located in Playa Coronado. The building is situated on the 11th and 12th holes of the Coronado Golf and Beach Club in a restricted, gated area of private villas.

Each wing of the tower has a single apartment per floor, giving 3 sided, beautiful views of the Pacific, mountains and the surrounding country side.
This 15th floor condo has 1756 sq. ft. or 163.14 sq. meters of living space; with 4 balconies, 2 bedrooms, and 3 bathrooms. It features a spacious open concept kitchen, living room and dining room.
The two bedrooms have on-suite bathrooms. The master on-suite comes complete with jetted tub and a walk-in closet with upgraded cabinetry. The second bedroom has a Murphy Bed in the closet and is currently set up as an entertainment room.

The apartment comes with luxurious solid wood furniture, high quality stainless steel appliances, custom window coverings and impressive lighting. The windows have a 3M sun shade coating to help keep the unit cool.
The apartment has undergone a number of renovations to make the condo unique, including custom louvred solid wood window coverings in the master bedroom, a closed in laundry room in the kitchen, etc.

A secure indoor parking space in a desirable location is included along with a huge storage unit large enough to fit a golf cart and shelving.  Three other storage room are included in the apartment and as part to the apartment wing. Two of these rooms have the air conditioning units and one of the two also has the on demand hot water heater. The hallway outside the apartment is a private area setup as a private sitting area.

The apartment is held in a Panamanian real estate corporation which must be included as part of the sale.  It has 16 more years of freedom from property taxes.  The corporation is responsible for its portion of the land tax which is $274.93 per year.

The condo also comes with a lifetime membership in the Coronado Golf and Beach resort with many member benefits worth $15,000. A transfer fee of $5,000.00 to the resort is required.

The membership is for residents, $260.00 per month for full time or $130.00 per month if the owner stays 6 months or less per year.  Membership includes unlimited golf, access to the resorts pool, bar, restaurants, the private beach club with a pool, restaurant and beach.  One round of golf per month free to a members guest.  Three nights stay at the Resort Hotel free per year, and free emergency medical care at the San Francisco emergency care facility in Coronado (full details of member’s benefits must be review).

The building, El Alcazar, is 20 stories, with 64 units of 2, 3 and 4 bedroom units and several penthouses. The building has 24 hour security with access through a gate. The elevators are accessed only with a key. The building is very well run and maintained by a HOA committee and staff. Most of the staff has been with the building from the beginning. The building is quiet, private and very well maintained. The monthly maintenance fee is $270.30 per month and includes gas and water. Electricity and internet are extra costs paid to outside providers.

The building has a gym, 2 pools, a shallow children’s pool and an adult pool, a bar/barbeque area, and beautiful main level common area.  It has a large generator for times of power outages and its own well that come in handy at times during dry season.  The HOA committee also maintains a large reserve and reports the financial results on a yearly basis.

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