Completely Remodeled Luxury Villa In The Heart Of Panama City
The San Francisco Luxury Villa is located in a quiet oasis within Panama City, it’s tranquility is juxtaposed against a backdrop of skyscrapers that surround the Altos del Golf community, which is considered the most prestigious area in the city. Many Embassies have offices here and the community is home to past presidents, the upscale neighborhood is located in the San Francisco district where Banking and Hotels thrive.
In 2014 renovations of the San Francisco Luxury Villa began, converting a foreclosed classic Spanish style villa into a contemporary home. Restoration has taken over 4 years, and the work has been valued at 2 million dollars. Before the renovations, the San Francisco home was appraised at $5.3 million USD, considering 9 years of appreciation, 800 square feet of added living space, plus the extensive renovations, this is truly an opportunity not to be missed.
Today every aspect of this home and property is new and built to North American standards.
The home has the potential for being an embassy residence, corporate headquarters, or a luxury private residence.
The grand entry foyer is three stories in height, a circular staircase wraps the structure with wrought iron railing. Additional rooms include a huge formal dining or conference room, oversized kitchen with two room pantry, family dining area, living room, family room, utility/laundry room and a wine cellar.
The main house has 4 bedrooms, each leading to either a balcony or terrace. All the rooms have ensuite bathrooms and there are two additional half baths. The master bedroom has a private dressing area, walk in closet, huge bath area, private throne room, and french doors to the terrace where there is plumbing for a future spa. The upper level is nearly surrounded by a terrace with lighted balustrade, hand made and designed for the property.
From the front entry, one can either enter the house or enter the private office suite. The office suite has two very large rooms with large windows to bring the outdoors in. This area has a half bath and is plumbed for a future kitchenette. The office suite has a private entrance, so a visitor would not have to enter the home to access the suites. Each office room is separately air conditioned.
The garage could easily accommodate up to 5 cars. Entry from the garage to the house is via two separate entries. A casita for staff, with two separate living areas, is attached to the rear of the garage. Each unit has an ensuite bath. One room has a kitchenette with a gas range, oven, refrigerator, microwave, and a stackable washer and dryer. Each unit is separately air conditioned.
Improvements made to the San Francisco Luxury Villa include the following:
Kitchen- A truly gourmet kitchen, with Italian designer appliances, custom cabinets, island with sink and a walk in pantry,
Closets- Custom bedroom closets, with desirable built in features throughout the house.
Walls- Newly surfaced interior and exterior walls, surfaces were made straight and square. Exterior walls have a special two step hard coating trowelled on to prevent surface cracking, and to add texture. Two coats of paint were then applied by hand. The Interior was hand painted in cream coloured paint.
Doors and Windows- Openings were all made square and uniform in height. Interior and exterior doors and window moldings were custom made on site from steel reinforced concrete. The Cedar doors and windows were custom made on site.
Floors- New concrete floors were poured on all levels, highest quality 60cm Italian porcelain floor tiles throughout, marble pattern.
Roof- New steel roof trusses, new terracotta tile roofs, with large overhangs to insulate upstairs rooms. The tower was given a new style to add more height, Built in and concealed gutters and downspouts were installed to redirect stormwater away from the front and rear of the house and yards to the municipal storm sewers via gutters.
Electricity- New underground electric service, Excessive amounts of new electric service! Most rooms have accommodations for a large screen TV with concealed in-wall wiring conduit, and extra wall outlets in all rooms. Built in LED lighting under the eaves on both living levels and tower is unique in the neighborhood.
Plumbing- New water supply and drain lines, Eleven zones of Lennox inverter air conditioning units, with condensate drains built in,
Landscaping- New stamped concrete sidewalk for front walkway, driveway, patios, balconies, and terraces, and covered sidewalks around the perimeter of the house. Restored privacy/security walls surrounding property, three extensive outdoor terraces are new and provide for outdoor entertaining. The existing pool was redesigned, coated in Diamond Bright, and new pump and filter where installed. A newly constructed pool house was added with a shower, pump room, storage room, and area for BBQ,
The lot is slightly over a half acre or 2023 square meters. The living area is an estimated 10,000 square feet or about 929 square meters. Front and rear yards were filled 8-10 inches with topsoil and sodded over with St. Augustine grass. The yards are planted with a variety of trees and shrubs.