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New home development in Panama City Panama with prices ranging from $760,579 to $1,525,263. The first luxury residential community in Panama City exclusively focused on wellness and a healthy lifestyle. Located on Ocean Reef Islands, in Panama Bay, every aspect of the community is designed to create an atmosphere that stirs the heart, the soul, and the physical health of the residents. It is a private sanctuary on the waterfront, a sheltered haven of tranquility and beauty, minutes from downtown Panama City. It offers the best of both worlds–peaceful island life but 10 minutes away from premier shopping, nightlife, fine dining, spectacular scuba diving, and unmatched deep-sea fishing. Every home will offer spectacular views of the Pacific Ocean and Panama City skyline. The development features 2- and 3-bedroom oceanfront residences designed by the prestigious architectural firm Mallol. Each apartment will feature wide balconies and plenty of sunlight to support a healthy lifestyle.