![Margaritaville to Create Beachfront Condo Development in Panama Margaritaville](https://v17938.p3cdn1.secureserver.net/wp-content/uploads/2024/05/Margaritaville-to-Create-Beachfront-Condo-Development-in-Panama-678x381.jpg)
The global lifestyle brand Margaritaville has partnered with the Panamanian developer Grupo Los Pueblos for the creation of a beachfront condo destination in Panama.
The Margaritaville Beach Resort & Residences Playa Caracol will be located roughly an hour from Panama City in a tourist and housing destination along the Gulf of Mexico. The new project is slated to open in mid-2027 and will feature 261 residences, including 80 cottages and 181 high-rise multi-family units, available for full-time living or added to a rental program. The residences will range from 750 square feet to 1,500 square feet, with prices starting in the $300,000s.
The destination’s beach club will provide direct access to the white sand beaches, and the location will feature a Margaritaville restaurant concept and pool area. Additionally, the surrounding complex will be home to a racket club consisting of paddle tennis and pickleball courts.
Punta Pacifica Realty is the exclusive sales agent for Margaritaville Beach Resort & Residences Playa Caracol.
“At Margaritaville, we’re always looking for locations that are diverse and multifaceted, so Playa Caracol was the perfect destination to introduce this new way to live,” said Tamara Baldanza-Dekker, chief marketing officer at Margaritaville. “In addition to its growing popularity as a retirement destination, Panama is a bright and inspirational country that brings together elements of fast-paced business with a relaxing lifestyle, similar to Margaritaville’s ethos. Honoring the historic elements of the area and its vibrant future, Margaritaville Beach Resort & Residences Playa Caracol will feature thoughtful design inspired by the country’s energy as a global hub as well as its dynamic landscapes.”
“We are thrilled to bring the Margaritaville lifestyle to a destination as distinct as Panama,” added Alfredo Alemán, CEO of Grupo Los Pueblos. “As a modern metropolis and regional hub, Panama City offers world-class services, including international banks, malls, hospitals, cruise terminals, convention centers, and the region’s best-interconnected airport. Our beachfront location boasts a comprehensive amenities program designed to guarantee an unforgettable living experience.”