Olas del Mar

About the project

Olas del Mar is a residential sub-division by Grupo Los Pueblos within the Playa Caracol coastal resort complex, Chame district, on Panama's Pacific coast. The sub-division consists of six buildings with elevators, offering two- and three-bedroom apartments.

The project is completed and operational. The floor areas here are more compact than other sub-divisions in the area, suitable for holiday rental needs.

Apartment models at Olas del Mar

All apartment models at Olas del Mar share a closed floor area of 63.80 m², differing only in open area and number of bedrooms.

Building A7 — units 1C, 2C, 3C. Two bedrooms, two bathrooms. Closed area 63.80 m², open area 5.87 m², total 69.67 m². This is the entry-level model for the sub-division.

Building A6 — ground floor units (Ground Floor C). Two bedrooms, two bathrooms. Internal floor area 63.80 m², external area 12.19 m², total 75.99 m², including a 14.05 m² garden. Only this model has a ground-level garden.

Building A6 — units 1D, 2D, 3D, 4D. Three bedrooms, two bathrooms. Closed area 63.80 m², open area 12.19 m², total 75.99 m². Same area as the ground floor model but with an additional bedroom.

Regarding floor levels, building A6 has a ground floor plus levels 100 to 500; building A7 has a ground floor plus levels 100 to 300.

Playa Caracol — a seven-mile beach resort

Playa Caracol is named The Seven Mile Beach Resort by the developer, based on the stretch of white sand approximately seven miles long running along the Pacific coast, backed by the Cerro Chame mountain range.

Shared site-wide amenities include a sports complex with tennis, padel, and basketball courts, a multi-purpose court, and a pump track. Vento Beach Club is operational; the Margaritaville area is under construction; Caracol Village and Retail Village are scheduled to open.

The Chame region surrounding the project features sea turtle nesting seasons and humpback whale migrations from Antarctica to Panama's warm waters, lasting from July to October. Within travel distance are Otoque and Bona islands, the extinct Cerro Chame volcano, San Carlos lake, the natural pools of Charco Verde and Charco Azul, El Valle de Antón valley, and the Los Cajones de Chame rock labyrinth.

Distance to three airports

According to the developer's documentation, Playa Caracol is approximately 57 km from Scarlett Martínez International Airport (RIH), equivalent to a 1-hour drive; approximately 82 km from Panamá Pacífico International Airport (BLB), equivalent to 1 hour and 19 minutes; and approximately 112 km from Tocumen International Airport (PTY), equivalent to 1 hour and 45 minutes.

Grupo Los Pueblos — developer

Grupo Los Pueblos has been operating since 1985, having delivered over 26,000 units and developed 6.2 million m² in Panama, following a model of self-design, self-construction, self-ownership, and self-management. Its in-house property management division has operated since 2010 and currently manages over 300 rental units in Panama.

Industry recognition: Top 10 Latin American developers — Premios LADI 2025 awards, FIABCI and ACOBIR Master Real Estate awards.

Panama Qualified Investor Visa programme

Panama grants permanent residency to investors who purchase titled property in the country, with a minimum threshold of US$300,000. Permanent residency is granted from day one, with processing taking approximately 30 to 45 days, and no physical presence is required for the application. The application includes a spouse, children, and dependent parents. Maintaining residency only requires entering the country once every two years, and investors are eligible to apply for citizenship after 5 years of permanent residency. The asset must be held for at least 5 years.

Sale prices for individual units at Olas del Mar have not been announced by the developer. With floor areas of 69.67 to 75.99 m², investors should request confirmation from Grupo Los Pueblos to determine if a specific unit meets the US$300,000 threshold before considering permanent residency applications.

Ownership conditions and notes

Foreigners are permitted to hold property in Panama with rights equivalent to citizens, with assets registered at the Panama Public Registry. Panama uses the US dollar and applies a territorial tax system.

Prosperous Living Investment recommends that investors request an official price list, payment schedule, and a written description of the handover standards before paying a deposit.

Project gallery

Price list

Key amenities

• Communal pool
• Elevators in all six buildings
• International-standard tennis court
• Padel court
• Basketball court
• Multi-purpose sports court
• Pump track
• Vento Beach Club (operational)
• Margaritaville area (under construction)
• Caracol Village and Retail Village (scheduled to open)
• White sand beach approximately seven miles long
• Rental management services by GLP Property Management

Nearby amenities

• Sân bay quốc tế Scarlett Martínez (RIH): khoảng 57 km - 1 giờ
• Sân bay quốc tế Panamá Pacífico (BLB): khoảng 82 km - 1 giờ 19 phút
• Sân bay quốc tế Tocumen (PTY): khoảng 112 km - 1 giờ 45 phút
• Vento Beach Club: trong khu
• Cerro Chame (extinct volcano): directly behind the project
• El Valle de Antón, Los Cajones de Chame, San Carlos lake: in the Chame region
• Humpback whale season: July to October

Site plan