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Palmetto Park Condominium

Thailand / PhuketQ4 2024Condominium

Price from

฿4,375,000

Rental yield

6.2%

Completion

Q4 2024

Area

30 - 33 m²

To Sea

750 m

Estimated market-based indicator. Actual rental income and ROI depend on unit type, management, occupancy, seasonality, expenses and legal rental structure.

Description

Palmetto Park Condominium is a small condominium by Art House Group in Karon, on the west coast of Phuket. The area is quiet and moderately built up, with residential complexes, small resorts and shops close by, and it is popular with expats and long-term tenants. Karon Beach is about 760 m away, a 7-Eleven is 320 m away, and three supermarkets, Makro among them, are within a kilometre. The nearest clinic is in Patong, 5.2 km away, and there is no public transport nearby.

The developer completed the building in October 2024, and it holds 77 apartments. All of them are one-bedroom units of 30-33 m2, and some apartments have sea views. The developer offers an instalment plan. Residents share a rooftop pool with a terrace, a garden and a library.

The interiors are light and get plenty of natural daylight. Turquoise accents bring colour to the classic style.

Prices start from 4,375,000 THB. The apartments are finished, so you can move in or let the unit straight after purchase.

The project suits buyers who want a compact, ready apartment close to the sea, either as a seasonal home or as a long-term rental, since Karon has steady demand from long-stay tenants. If the view matters to you, choose one of the sea-view apartments. With no public transport nearby, plan for a scooter or a car from the start.

Location

Area analytics

Population within 1 km

12,728

+21.9% by 2030
0-14
15%
15-34
34%
35-59
35%
60+
16%
Elevation above sea level: 25.4 m
HKT Airport47 min
Beach5 min
BISP School38 min
Central23 min

WorldPop 2025, TomTom

Price from

฿4,375,000

Floor plans

Unit typeArea fromPrice fromBedroomsFloor planVariants
1 Bedroom30 m²฿4,375,0001
15

Payment plan

#Step%Amount
1
Reservation
-฿150,000
2
On contract signing
65%฿2,844,000
3
On Handover
35%฿1,531,000
Total100%฿4,375,000

Maintenance

Maintenance fee
60 ฿/sqm/month
Sinking fund
800 ฿/sqm one-time

ROI Calculator

฿11,000฿114,000

Estimated rate based on regional market averages. Actual rental rates for this project may differ - check with your broker for precise figures.

Ask broker about rental rates
40%100%
0%20%
Monthly income

฿27,000

Annual income

฿328,000

Gross yield

9.9%

Net yield

7.5%

Value in 5 years

฿6,136,000

5-year ROI

78%

Calculations are estimates based on average market data. Actual returns may vary. This is not financial advice.

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Neighborhood & surroundings

Palmetto Park sits between Karon and Kata beaches, roughly 1.5-1.8 km from the water. The area is a mid-density residential and resort zone popular with expats and long-stay tourists. Daily shopping is walkable; beaches and dining require a short drive or songthaew ride.

Karon Beach 1.5 km away • Makro supermarket 790m • KIRI Restaurant rated 4.7 with 8,500+ reviews

Daily convenience

A 7-Eleven is 320m away, with three supermarkets including Makro under 1 km.

7-Eleven320m · 4 min walk

Nearest convenience store; open 24/7.

makro food service790m · 10 min walk

Bulk food supermarket; good prices, 790m away.

Super Cheap840m · 10 min walk

Local supermarket; everyday groceries, mid-range prices.

Super Cheap 24 Karon960m · 12 min walk

24-hour supermarket near Karon; handy for late shopping.

Beach & nature

Three beaches within 2.7 km and a well-rated park under 1 km.

Karon Beach1.5 km · 18 min walk

Long sandy beach; closest option at 1.5 km.

Kata Beach1.8 km · 4 min drive

Popular surfing and swimming beach; 1.8 km.

Kata Noi Beach2.7 km · 5 min drive

Smaller, quieter beach; 2.7 km south.

Khlong Bang La Park980m · 12 min walk

Green park rated 4.6; walking and leisure, 980m.

Dining

Top-rated restaurants from 1.6 km, with multiple KIRI locations nearby.

Sawasdee Village Resort & Spa1.6 km · 3 min drive

Resort restaurant; rated 4.8, 3,100+ reviews, 1.6 km.

KIRI Restaurant, Karon Beach1.7 km · 3 min drive

Beachside restaurant at Karon; rated 4.7, 4,300+ reviews.

KIRI Restaurant, Kata Beach2.1 km · 4 min drive

KIRI at Kata; rated 4.7, 8,500+ reviews, moderate prices.

Issara Restaurant & Bar - Kata Beach2.7 km · 5 min drive

Bar and restaurant at Kata; rated 4.8, 2,100+ reviews.

Health & safety

Nearest clinic is in Patong at 5.2 km; no medical facility within walking distance.

Takecare Doctor Patong Medical Clinic5.2 km · 10 min drive

General practice clinic; rated 4.8, 1,700+ reviews, Patong.

Clinic Bodrum Phuket (Patong)6.1 km · 12 min drive

Multi-service clinic in Patong; rated 4.5, 6.1 km.

NABON MEDICAL CLINIC6.5 km · 13 min drive

Highly rated clinic; 4.9 stars, 3,200+ reviews, 6.5 km.

Katu Dermatology Clinic (คลินิกผิวหนังกะทู้)9.5 km · 19 min drive

Dermatology specialist; rated 4.9, 9.5 km away.

Kids & education

Fitness club and dive school within 5 km; university 8.7 km away.

ADRENALINE FITNESS CLUB4.8 km · 10 min drive

Fitness club rated 4.8; training and classes, 4.8 km.

Aussie Divers Phuket4.8 km · 10 min drive

Dive school rated 5.0; PADI courses, 1,100+ reviews.

Prince of Songkla University, Phuket Campus8.7 km · 17 min drive

Public university; undergraduate programs, 8.7 km.

Transport

No public transit nearby; bus terminals and ferry pier are 12-14 km away.

Bangla Police Station6.5 km · 13 min drive

Patong area reference point; no direct bus service nearby.

Phuket Bus Terminal 112 km · 24 min drive

Main island bus hub; intercity routes, 12 km.

Rassada Pier Terminal13 km · 26 min drive

Ferry to nearby islands; 13 km via Phuket Town.

Phuket (Bus Terminal 2)14 km · 28 min drive

Long-distance bus terminal; routes to mainland, 14 km.

Sports & Leisure

Spa and wellness options from 6 km; golf club 11 km away.

Loch Palm Golf Club11 km · 21 min drive

Golf course in Kathu; 18 holes, 11 km.

De Flora Spa & Massage6.0 km · 12 min drive

Spa and massage; rated 4.5, 1,700+ reviews, 6 km.

Dolphins Bay Phuket6.2 km · 12 min drive

Water park and leisure complex; rated 4.6, 8,700+ reviews.

Phu Montra8.7 km · 17 min drive

Day spa; rated 4.8, 1,000+ reviews, 8.7 km.

Entertainment

Beach club 890m away; bars and restaurants from 1.5 km in Karon and Kata.

Tann Beach club890m · 11 min walk

Beach club; rated 4.4, 3,300+ reviews, 890m.

Lost in Phuket1.5 km · 3 min drive

Bar-restaurant concept; rated 4.6, moderate prices, 1.5 km.

Issara Restaurant & Bar - Kata Beach2.7 km · 5 min drive

Kata bar and restaurant; rated 4.8, evenings, 2.7 km.

Fresca - Kitchens & Deli4.2 km · 8 min drive

Deli and casual dining; rated 4.7, 1,800+ reviews, 4.2 km.

Amenities

LobbyLoungeGardenSwimming PoolLibraryLaundry
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