New York Times Features Casa Solution for the 4th Time – House Hunting in Panama, July 2022
The popular mountain town on the Caldera River is enticing a wider group of buyers, with remote workers joining retirees in a heated market.
July 13, 2022, b
Casa Solution was once again interviewed by the New York Times regarding real estate in Panama.
We are grateful to the outstanding writer, Marcelle Sussman Fischler, and are proud that this great listing and Casa Solution have been chosen to be featured in the article.
You can own this wonderful house. Please contact Casa Solution to view it, for more information or to submit an offer.
“This six-bedroom Tuscan-style mansion is secluded between two hillsides in the exclusive estate section of Valle Escondido, a high-end community, resort and club close to downtown Boquete, the mountain town nestled in the Chiriquí Highlands of western Panama.
“You are looking over the valley,” said Ryan Braasch, a sales associate at Casa Solution, the agency with the listing. “The views are nice, but what the seller was going for was serious privacy.”
The 11,850-square-foot house, built on 1.3 acres in 2011, has a clay tile roof. Wrought-iron gates open to a long driveway past an equipment and supply building with a backup generator, water and filter systems. Beyond the main house, the driveway curves past a koi pond to a parking court near a side entrance and a garage designed for two cars and a golf cart.”
At the front, three steps lead past a fountain to a covered loggia and an arched wood door flanked by matching windows. Inside, foyer windows link the front and backyards, and a broad hall connects the home’s north and south wings.
Imported travertine floors run throughout, with 11.5-foot ceilings on the first floor and 12.5 feet upstairs. Beige walls have a marbleized look; doors and windows are framed in dark wood. There are two powder rooms.
The living room has a cross-beamed ceiling and a wide fireplace with a wood mantel. A trio of double windows with arched tops illuminate the room. Across the hall in the banquet-sized dining room, glass doors open to the garden.
The kitchen, accessed from the dining room or a butler’s pantry, has a double Viking cobalt industrial stove, a stainless steel farm sink, a center island with a wood top, and illuminated glass-front cabinetry. Square tiles, some with culinary images, adorn the backsplash and countertop. “The appliances are big enough to throw a big dinner party for 25 people,” Mr. Braasch said, adding the owners “never expected to cook it themselves.”
A staircase climbs from the center hall to the five upstairs bedrooms, all with en suite baths. Free-standing arches on one side of the hall define an open “hangout” seating area, and a nearby bedroom is set up as a library/home theater. The primary suite, with a dressing room and walk-in custom closet, is at the south end of the hall and opens through double glass doors to a loggia-style balcony overlooking the Chiclet-tiled pool with balustrades at the deep end.
The hallway and two bedrooms at the opposite end open to a broad balcony. A back staircase near the primary suite leads to a third-floor tower office with bird’s nest views.”
“Boquete has been an exception. Over the past two years, the small mountain town on the Caldera River has enticed a wider group of buyers. Prices have been up about 15 percent each year, said Jason Cohen, owner of Casa Solution, citing his company’s data.
“This year is beginning to look as good as last year,” which, volume-wise, was “double our best year, and we’ve been here 16 years,” Mr. Cohen said, though he’s now running out of listings. “I would have sold more if I had more. Now we see people competing for properties.”
The main market has shifted from $200,000 to $300,000 to $400,000 to $500,000 homes. “Inventory is a big factor,” Mr. Cohen said. “What was expensive at $250,000, at $350,000 or $400,000 seems quite reasonable. People asking more than they should have been before are now getting their prices.”
In Boquete, there are four or five gated communities in the mold of Valle Escondido, with some of the homes asking more than $1 million. “There are many multimillionaires in the market,” Mr. Cohen said. “I’m waiting to see what happens.””
Casa Solution was also featured in these three prior New York Times articles: