The Comps: P.H. Ocean House

Why P.H. Ocean House in Santa Maria Deserves a Closer Look

If you’ve spent any time in Panama City, you already know that Santa Maria is one of the premier golf and residential communities in the area. Anchored by a gorgeous Marriott Hotel and Golf Resort (which, by the way, offers a killer Sunday brunch) and bordered by the prestigious Santa Maria Golf and Country Club, it’s a neighborhood where luxury meets convenience. You can get to Tocumen International Airport in literally 16 minutes and be at the Copa Lounge bar in 28 minutes (beat my record!).

P.H. Ocean House is a standout within Santa Maria. It’s a modern, youthful, and dynamic building right in the middle of the community, easily accessible from any of the gated entrances. Completed in 2020, Ocean House is a mid-rise property with 18 stories that offers amenities that would send any millennial with a shiny new MacBook over the moon. We’re talking about multiple social areas, including a wine bar, games room, indoor kids’ playroom, swimming pool, large gym, and even a rooftop Padel court. And if you haven’t played Padel yet, trust me—you will soon.

What You Should Know About P.H. Ocean House

Earlier, I described P.H. Ocean House as a “young-minded” property ideal for investors and long-term renters. However, it’s probably not your first choice if you’re looking for a large unit as your extended-family home base. The building has more than 7 units per floor, and unit sizes range from 85 m² to about 150 m², so expect a number of neighbors on your floor, most being long-term stay tenants. The layouts follow a relatively standard apartment design—think: walk in, and you’re immediately in the kitchen, leading into the living space with access to bedrooms, a patio, and a guest bathroom. The building’s modern vibe, amenities, and location make it a great fit for those looking for investment properties or long-term rentals, especially with Panama’s growing expat and digital nomad community. Ocean House allows no less than 6-month rental periods.

Recent Comps: What’s Been Selling in Ocean House?

Now, let’s get to the numbers—because, as we all know, data drives decisions. Below are two comparable sales (comps) from P.H. Ocean House from October 2024, giving you a sneak peek at the pricing trends.

Let's take a look at (2) of the smaller units via our Panacomos Web Real Estate Analytics solution:

*INTERIOR U.I. 15-5C, PISO 15000 on the 15th floor, sold for $3,016.36 per square meter in late October 2024. No loan was recorded.

*INTERIOR U.I. 13-4C, PISO 13000 on the 13th floor sold for $2,967.97 per square meter just a day prior in late October 2024. No loan was recorded.

Pricing is in line at $3,000/sq. meter range for the smaller units; however, we notice variations in pricing for different floors, views, and sizes.

*These transactions are sourced via Panama’s Public Registry and reflect actual sale prices, not listing prices, so you get an accurate view of what buyers are paying.

*These sales dates are when they were registered with the Panama Public Registry.

HOA fees hover around $2.50 per square meter plus a monthly $100 fee for the Santa Maria community, a reasonable rate for a property offering such amenities.

With this limited data, you note that P.H. Ocean House units command consistent pricing with Santa Maria in that specific product class, which reflects its premium location and rental income opportunity. The data also shows a steady demand for these properties based on its monthly sales volume compared to neighboring buildings.

What Does This Mean for Investors?

If you’re an investor looking for a long-term rental property that will appeal to Panama’s growing expat community, P.H. Ocean House should be on your radar. With its proximity to the airport, top-notch security, prestige, and convenience, it checks all the boxes. Long-term rentals are permitted, and units typically rent between $2,150 unfurnished and $2,900+ furnished, depending on the size and floor.

If you’re serious about investing and want real-time, accurate data, contact us at Panacomps. We provide in-depth comps, market insights, and trends to help you make informed decisions. If you are considering a long-term rental as a home base for your Panama exploration, P.H. Ocean House may be an option if you know downtown Panama City is not your vibe.

Do you need someone on the ground to provide the latest pricing on available units? We’ve got trusted partners who can provide up-to-date information on listings. Drop us a note at [email protected], and we’ll get you the insights you need!

-Brian at Panacomps