Ocean Waves 12 Unit Investment Property with Rental Income

This condo complex in Pedasi Panama offers the opportunity to acquire Ocean Waves Condos, a completed three-building residential complex with 12 individual condo units. Designed to support both long-term and vacation rentals, the property combines an existing income stream with potential for increased occupancy, improved returns, and future expansion.

Condo Complex in Pedasi Panama | 12 Completed Units

Ocean Waves Condos consists of three completed two-story buildings containing a total of 12 spacious residences. Each condo is approximately 88 m² and includes two bedrooms, two bathrooms, and an open-concept living area. The layouts are suited to couples, families, retirees, and vacation guests.

Unlike an investment that depends on completing future construction before rental operations can begin, all 12 residences at Ocean Waves Condos are already completed. The property also includes a new swimming pool, fresh landscaping, attractive common areas, assigned parking, and private storage for each residence.

Key property features include:

12 completed condo units across three two-story buildings
Approximately 88 m² per residence
Two bedrooms and two bathrooms in every unit
Open-concept living areas
Five furnished units currently participating in the Airbnb program
New swimming pool
Fresh landscaping and attractive common areas
Assigned parking
Private storage for each residence
Convenient location for Pedasí and Pacific coast beaches
Rental Income | Condo Complex in Pedasi Panama

Five of the 12 residences are currently furnished and participating in the Airbnb program. These units have already generated approximately $20,000 in Airbnb income this year, providing an established short-term rental history from which a new owner can continue to develop the operation.

As additional condos are furnished and introduced to the vacation-rental market, there is potential to build upon the existing Airbnb program. Investors who prefer a more traditional rental model also have the option of pursuing long-term tenants, with projected long-term rents of approximately $1,000 to $1,200 per unit per month.

The completed nature of the complex creates flexibility in how the residences are operated. Potential rental strategies include:

Airbnb and vacation rentals
Seasonal stays
Long-term residential rentals
A combination of short-term, seasonal, and long-term rentals
Income and Expansion | Multifamily Investment Panama

The investment potential at Ocean Waves is not limited to the existing 12 residences. The master plan provides potential for two additional buildings containing eight more apartments, creating the possibility of expanding the property from 12 to as many as 20 units, subject to applicable approvals and permitting.

This provides an investor with two distinct avenues for potential growth. The first is to focus on operations and occupancy within the existing completed complex, including furnishing additional units and expanding the vacation-rental program or developing long-term rental occupancy. The second is the potential physical expansion of the development under the existing master plan.

The combination of completed residences, current short-term rental activity, projected long-term rental rates, and potential additional units gives the property flexibility as an income-producing real estate investment. An owner can pursue a dedicated vacation-rental operation, a traditional residential rental model, or a blended approach serving different segments of the Pedasí rental market.

Pedasi Panama Real Estate | Pacific Coast Lifestyle

Pedasí has developed into one of Panama’s best-known Pacific coast destinations while retaining the relaxed character of a traditional Panamanian town. Its combination of beaches, warm climate, restaurants, local services, and outdoor recreation attracts Panamanians, international residents, and vacation travelers.

The surrounding Azuero Peninsula adds to the area's appeal for both visitors and longer-term residents. Recreational and lifestyle attractions identified with the area include:

Pacific coast beaches
Surfing
Sport fishing
Boating
Whale watching
A laid-back coastal lifestyle

For a multifamily investor, this creates the opportunity to serve more than one rental market. Vacationers and seasonal visitors can support short-term accommodation, while longer-term residents provide another potential source of recurring rental demand.

Ocean Waves Condos is convenient to both Pedasí and Pacific coast beaches. This combination of town access and proximity to the coast supports the property's ability to function as either a vacation-rental complex, a longer-term residential property, or a combination of both.

Investment & Ownership | Panama Real Estate

This condo complex in Pedasi Panama represents a smart investment in one of the country’s most desirable regions. Panama real estate continues to appreciate thanks to international demand, infrastructure improvements, and Panama’s friendly residency programs. Real estate in Panama offers tremendous value for:

Retirees looking for low-maintenance living
Digital nomads and remote workers
Families seeking a peaceful yet connected base
Buyers interested in long-term investment, business or rental potential

Whether you’re looking for a primary residence, vacation home, or an investment property in Panama, this condo complex in Pedasi Panama presents an outstanding opportunity. Learn more about living in Panama by visiting the Official Visit Panama Tourism website. For the latest insights on Panama real estate trends, you can refer to this comprehensive analysis.

Explore | Condo Complex in Pedasi Panama

Ocean Waves Condos brings together 12 completed residences, an existing Airbnb income history, projected long-term rental potential, and the possibility of expanding the complex by as many as eight additional units, subject to applicable approvals and permitting. With three completed buildings already in place, an investor can focus on operations, occupancy, and growth rather than waiting for the existing development to be built.

Whether operated as a dedicated vacation-rental property, a long-term residential complex, or a blended rental business, this condo complex in Pedasi Panama provides an established foundation with room to grow. For additional property information, rental details, and a private viewing of Ocean Waves Condos, contact House Hunters Panama.