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Luxury Home For Sale  |  Costa Pedasi  |  Pedasi  |  Panama

Villa Luna Mar | Ocean Front Estate

8 Bedroom | 10 Bathroom | 1077 m² (11,589 Ft²) Built | 2965 m² (31,916 Ft²) Lot | $2,500,000 USD

An expansive estate of exquisite taste and architectural superiority, Villa Luna Mar is truly unique in all of Panama. Her ocean front location presents sun and moon rise views of the Pacific Ocean and the finest in whale watching, beach walking and sport fishing.  Completed in 2017, the property is brand new and sold with all luxury brand furnishings included.  Constructed to North American standards and built with imported state of the art finishes, the structure is made to weather both the natural elements and the hands of time.

Designed for entertaining on a grand scale or intimate gatherings, the outdoor terrace with its sensational cooling breezes and sound of the waves will be your most treasured escape.  Fully equipped for the culinary enthusiast, the home features outdoor grill, bar and wood stove. Inside, a chef’s dream includes high end appliances hallmarked by dramatic arches, chandeliers, vaulted ceiling and wood beams. Formal dinners and holidays in the beautiful dining room will be long remembered. From the living room with its high ceilings and wall of windowed doors, head down a castellated hallway of brick arches, wrought iron windows, high beams and romantic copper lantern flanked by two ocean-view en-suites and a large bedroom with expansive spa-bath. The south wing presents with a beautiful staircase leading to two gorgeous ocean-front suites with private terraces.  Additionally, en-suite maids quarters and a private studio apartment complete the south wing living quarters. Finally, the master suite can be found aloft the grand staircase at the home’s entrance, and culminates the day with the gentle sound of the waves, a sitting room, ocean-view balcony, walk-in California closet and spa-like bathroom with a gorgeous hand-crafted door.  The unique layout and offerings lend well to the possibility of a  family retreat or a luxury vacation rental.

For detailed features and specifications, please see the tabbed information area below the photos.

Photo Gallery

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About Costa Pedasi

You will find this stunning new oceanfront development just seven minutes from the downtown plaza in Pedasi, Panama. The gated community of Costa Pedasi is uniquely situated along the shore of La Garita beach, which is one of the area’s favorite among locals for fishing, bodyboarding, and tranquility.   A newly chartered homeowner’s association is run completely by the private homeowners of the community making this area truly one-of-a-kind.  Contact us for information and to arrange a private tour.

Total finished size :  1077 m²  |  11,589 ft²

Enclosed (interior):  824 m² |  8.869 ft²

Outside area finished:  253 m²  | 2,720 ft²

Covered Terrace:  66.5 m²  | 716 ft²

Pool: 94.63 m³  |  25 Gallon

Year Built: 2011

Builder: Rafik Madir, Old Fashion Builders

Source of Water: Community well and private water tank

Source of Electricity: Fenosa (city)

Wastewater: Private Septic

Titled Lot: Yes

Rafik Madir brings his international experience in building estate homes in the middle east, France and Panama.  His Moroccan and French background contributes to a very broad artistic ability.  A perfectionist by nature, Rafik demands the best in construction and brings together skilled artisans to deliver superb results.  Having completed several fine properties in Panama and abroad, including the home of a Saudi prince, Rafik understands how to meet expectations of his affluent clientele.

General Finishes:

  • Designed for privacy and sound insulation throughout
  • Floor tile finest quality imported from Italy
  • Maximization of ocean breeze for reduction in energy consumption
  • New Orleans style Bevolo copper lanterns on dimmers
  • Silent, low voltage Hunter and Casablanca fans with DC motors
  • Moen bathroom faucets and slab granite throughout
  • High efficiency Kohler toilets throughout

Kitchen Finishes

  • Subzero 42″ side-by-side refrigerator with water and ice dispenser
  • Wiring for television above refrigerator
  • Custom cabinetry
  • Slab granite counters
  • Kitchen Aid convection/ convention double oven
  • Kitchen Aid warmer oven
  • Wolf 48″ six burner gas Rangetop with griddle and complimenting vent hood
  • Moen oil rubbed bronze faucets with pull-down spray feature
  • Kitchen Aid 30″ built in microwave
  • Míele Futura Classic dishwasher
  • LeveLuk Alkaline water filter and ionizer
  • Two stainless steel sinks
  • Large center island
  • Wine chiller
  • Drinking water faucet
  • Garbage disposal
  • Pot filler faucet
  • Accent lighting
  • Chandeliers
  • Seating at island and breakfast nook with table

Luxury Furnishings

  • Over $150,000 of high end imported furnishings included
  • Brands: Hooker, Henredon, Universal, Hancock & Moore, Century, Restoration Hardware, Frontgate, Pottery Barn, etc.
  • Rugs imported from Pakistan

Master Suite Features

  •  Stunning staircase with Talavera tiles and hardwood steps
  • Custom designed wrought iron staircase
  • Large walk-in California closet with dual locked entrance
  • Private balcony
  • Alcove for treadmill
  • Sitting Room/ Office
  • Custom ironworks at arched bathroom doorway
  • Hand-laid stone floor in shower
  • Large reclining bathtub with granite suround
  • Dual sinks
  • Ocean views in every window
  • Sleep number king sized bed
  • Massage chair

Dining Room Features

  • 12-person table
  •  Elegant chandelier
  • Wood beam accented ceilings and artistic support beams and archways


Living Room Features

  • Curved Television
  • Vaulted ceilings
  • Dramatic ocean views
  • Stone floor tiles

Hallway Features

  • Dimmable Bevolo copper lanterns and demi-lunes
  • Herringbone configured handmade Ocu brick flooring
  • Custom brick arches
  • Wood beams
  • Two ocean/pool view bedrooms with custom closets and ensuite baths
  • One large bedroom with extensive custom closets and spa bath with dual vanities, custom shower and bathtub.

South Wing Features

  • Upper en-suite with vaulted ceiling and ocean view balcony. King sized bed.
  • Talavera tile staircase
  • Lower en-suite with queen sized bed and poured concrete bathtub. Private terrace with ocean view
  • Maids quarters and bathroom
  • Private studio apartment with kitchenette and bathroom above garage
  • Cerrera Marble counters in the large spa bathroom at hallway

Exterior Features

Location features

  • Set high upon two generous ocean view lots currently valued at nearly $750,000
  • Only one ocean front lot in development remains for over $500,000
  • Tropical gardens with robust Japanese grass
  • Gated community

Building characteristics

  • Concrete color additive prevents the erosion of the exterior from the harsh salt winds and does not deteriorate over time like paint
  • Upgraded eight inch thick concrete walls
  • Upgraded steel beams and rebar
  • Instant hot water heat
  • Twenty-seven air conditioning units
  • Exclusive and now environmentally protected Nance wood beams and accents are locally farmed from the Darian in Panama and are highly durable against the harsh weather conditions

Terrace Features

  • Raised 25,000 gallon elevated pool features kids shallow end and Pentair fixed or variable pool lighting
  • View of Isla Iguana
  • Barbecue house with prep area and sink
  • Wolf 42 inch stainless steel grill, smoker, rotisserie
  • Heat tempered brick clay oven
  • Extensive loggia with Wolf cooktop, beverage cooler, sink, and bar with four seats
  • High end outdoor furnishings and decor
  • Custom wood blinds
  • Ambient lighting
  • Large storage deposito beneath pool
  • All pool equipment located in deposito for quiet functionality


Useful Information

For the investor:

Also for sale are three tenant occupied rental properties within the town of Pedasi.  Seller will offer a discount package of the estate plus the three rental properties.

Additionally, twenty developer owned lots are for sale at bulk rate discounts if purchased for the purpose of immediate resale at market value.

For investment opportunities within Costa Pedasi, please contact us.

A new private international/ bilingual school is currently underway in Pedasi with projected opening for the 2019 Panamanian school year.  Meanwhile, students have the following educational options:

  • The local public school
  • Homeschooling and some small homeschooling groups
  • By bus to private bilingual schools in Las Tablas or Chitre

CLICK HERE for updates on the exciting developments for the school.

For Sales and Information Contact

Open Doors Panama Estates
Email: karla@opendoorspanama.com

PA: (+507) 833-6289  |  US: (720) 772-6629

Open Doors Panama Estates is an independent, licensed real estate brokerage in Panama and is not affiliated with the Costa Pedasi developers or the homeowners association.  We provide sales and marketing service for the community and look forward to working with buyers directly or in cooperation with other real estate brokers.

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