A boutique 30-unit condominium 700 m from Karon beach — completed and delivered in 2019
Palmetto Condominium — condo project, Karon: entry from ~$130,063, from $3,716 per sqm. Beach: Karon, ~700 m. Both freehold and leasehold available. Yield: ~5% developer forecast. Completed in 2019 (phase 1).
Palmetto Condominium is a boutique 30-unit condominium in a 6-storey building in Karon, 700 metres from the beach. Phase 1 was completed in 2019, and the property is move-in ready. Entry starts from ~$130,063 for a studio or 1-bedroom unit at 35–42 sqm; there are also 2-bedroom units around 68 sqm.
Karon is on the west coast south of Patong, with its own long beach and a calmer, less tourist-dense atmosphere than neighboring Patong. Palmetto Condominium stands off the main beachfront strip but within walking distance — about 700 m, roughly 9 minutes on foot. Shopping malls and Big Buddha are 10–15 minutes by car. In the same Karon district our catalog also has the newer Palmetto Park from the same developer, Art House Group — effectively the next phase nearby, but in a different building with different units — and the more affordable Utopia Karon for comparing the lower end of the district’s price range.
Entry into the project starts from ~$130,063 for a compact 35–42 sqm unit, which sits in the mid-range of Karon prices for completed condos. There are also more spacious 2-bedroom units around 68 sqm, but their exact price is confirmed individually — the developer does not publish a single public table for them. The developer estimated rental yield at around 5% per year — this is a sales-stage benchmark, not a confirmed track record for this specific building. The CAM fee and sinking fund for this earlier Art House Group project are not publicly disclosed — cost items are worth confirming per unit before the deal.
Art House Group has worked in Phuket since 2012 and has delivered around 9 projects — from completed condos like Palmetto Condominium to villas and under-construction properties across different districts of the island (Karon, Rawai, Cherng Talay, Chalong). For a buyer, this means a clear track record: the building has already been completed and operating for several years, with no off-plan risk here — you can see the finished result before buying rather than relying on renders. On the downside, the boutique format (just 30 units) means limited resale liquidity: few listings are on the secondary market at any given time, and finding a specific configuration may not be as fast as in a larger complex.
Who it suits: a buyer who wants a completed, time-tested property within walking distance of Karon beach without waiting for construction, and who isn’t chasing the freshest finishes. Buyers who prioritize greater resale liquidity or the lowest entry price in the district should compare with Utopia Karon or larger Karon projects in the catalog.
Our role as an agency is to verify the current condition of the specific unit, confirm the CAM fee and sinking fund formalities for this particular building, and check the actual occupancy for rentals before signing.
Prices and availability change; data is accurate as of the page update date. Request a fresh price list — we send it the same day. Updated: July 2026.
Our catalog currently tracks 9 projects in Karon; new-build entry level here: from ~$90,793. Palmetto Condominium’s entry price sits close to the district median.
The median is calculated from the “from” prices of all catalog projects in the district and refreshes with every update.
Neighbours are picked by the same property type and the closest entry price in the same area — the projects our buyers actually shortlist against each other. Figures recalculate with every catalogue update.
| Palmetto CondominiumThis project | Wallaya Residence | Palmetto Park | |
|---|---|---|---|
| Price from | from ~$130,063 | from ~$129,963 | from ~$130,215 |
| $/sqm | $3,716 | $3,610 | $4,341 |
| Beach | Karon, ~700 m | Nai Harn, ~2 km | Karon, ~800 m |
| Completion | completed in 2019 (phase 1) | off-plan, delivery Q3 2027 | completed in 2023 (phase 1) |
| Ownership | freehold / leasehold | freehold / leasehold — confirmed per unit | freehold / leasehold |
| Rental program | yes | yes | yes |
The developer information in this listing states: freehold / leasehold. This is the project-level starting point, not a legal opinion on a particular unit. The contract, title, foreign quota and seller authority must be verified before reservation.
A foreign-quota condominium is registered in the buyer’s name. Purchase funds must enter Thailand with the correct purpose so the receiving bank can issue the foreign-exchange evidence used at the Land Office.
Leasehold is registered as a long-term lease. The review covers the term, renewals, assignment, inheritance, early termination and the landowner’s obligation to register the transaction.
Verify the receiving legal entity, construction milestone, payment trigger, delay remedies and the documents the seller must deliver for registration.
This is general information. Structure and taxes depend on the unit, seller and contract; an independent Thai lawyer should complete the final review.
Indicative estimate: yield and the rental model depend on the project, unit and management program. Request an exact projection for a specific unit.
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The “12 developer checks in Phuket” checklist plus a personal yield projection for your budget — sent via Telegram or e-mail.
Availability changes weekly and isn’t published here. We’ll send the list of free units, an honest read on the negotiating room, and a net-yield calculation for your unit with every cost included.
From ~$130,063 for a studio/1-bedroom unit at 35–42 sqm. There are also 2-bedroom units around 68 sqm — price confirmed per unit.
Art House Group — a Phuket developer on the market since 2012, with around 9 projects on the island (Karon, Rawai, Cherng Talay, Chalong), including the newer Palmetto Park in the same neighborhood.
Phase 1 was completed in 2019 — the property is move-in ready, with no off-plan risk.
Both options are available — freehold and leasehold — with the exact quota confirmed per unit at the deal stage.
About 700 m, roughly 9 minutes on foot to Karon beach.
Yes, the developer has cited a forecast of around 5% per year. This is a benchmark, not a guaranteed yield — the actual rate depends on occupancy and management of the unit.
Utopia Karon is a completed condo with a lower entry threshold (from ~$90,793). Palmetto Condominium costs more, but offers two pool zones and mountain and sea views for some units — the price difference reflects the building’s more compact format.
Yes, the unit stays yours. Inside a managed rental program the number of owner-stay nights is capped by the contract — we go through the exact terms for this project before you book.
Funds arrive from abroad in foreign currency and the Thai bank issues an FET form. Without it the Land Department will not register freehold to a foreigner, so we agree the amount and payment reference in advance.
Take the PDF: developer prices, one-off fees, owner costs and net yield — on the current price list. Or message us on WhatsApp, we reply within 15 minutes.