A 77-unit condo 800 m from Karon beach with a rooftop infinity pool — completed and delivered in 2023
Palmetto Park — condo project, Karon: entry from ~$130,215, from $4,341 per sqm. Beach: Karon, ~800 m. Both freehold and leasehold available. Yield: ~7% developer guarantee for 3 years (marketing program) + bonus nights. Completed in 2023 (phase 1).
Palmetto Park is a 77-unit condominium in a 7-storey building in Karon, 800 metres from the beach. Phase 1 was completed in 2023, and units are move-in ready. Entry starts from ~$130,215 for a 1-bedroom unit at 30–32 sqm; there are also 2-bedroom units around 61 sqm. The project’s key feature is a rooftop infinity pool and a developer-stated guaranteed-yield program.
Karon is on the west coast south of Patong, with a long beach and a calmer atmosphere than the neighboring tourist hubs. Palmetto Park stands 800 metres from the shore, about 10 minutes on foot. In the same district, effectively 100 metres away, is the earlier Palmetto Condominium from the same developer, Art House Group — a handy benchmark for seeing how the same developer evolved from a compact 30-unit building (2019) to a larger 77-unit project with a rooftop infinity pool (2023).
Entry into the project starts from ~$130,215 for a compact 30–32 sqm unit, nearly matching the entry price of the neighboring Palmetto Condominium from the same developer — logical, given the shared brand and location. There are more spacious 2-bedroom units around 61 sqm, but there is no single public price table for them — the cost is confirmed per specific unit. What sets Palmetto Park apart from its older neighbor is the stated yield program: the developer promises around 7% per year for 3 years plus bonus nights of stay for the owner. This is an attractive offer, but its nature is important to understand — it is a marketing program from this specific developer, not an independent bank guarantee, and the payment terms should be read carefully in the contract. Aggregators show close but not identical figures for the CAM fee and sinking fund (around $57/month and $23/sqm respectively) — the exact amount is better confirmed per unit before the deal.
Art House Group is delivering Palmetto Park as a continuation of its Karon lineup — the company has been on the Phuket market since 2012, with around 9 projects across different districts of the island (Karon, Rawai, Cherng Talay, Chalong). The building has already been completed and is being occupied, so there is no construction off-plan risk here — you can assess the finished result rather than renders. The main risk for a buyer focused on the 7% yield program is the reputational and contractual risk of this specific developer: payouts under such programs depend on the developer’s financial stability and the exact contract wording, not a state or bank guarantee.
Who it suits: an investor looking for a completed compact unit with a clear rental program who isn’t willing to wait for construction. Buyers who want a larger building with a longer operating history should look at Palmetto Condominium from the same developer or other completed Karon projects in the catalog.
Our role as an agency is to break down the real terms of the yield program for the specific unit (timing, deductions, what happens after the 3 years), confirm the current CAM fee and sinking fund, and verify the freehold/leasehold structure 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 Park’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 ParkThis project | Palmetto Condominium | Wallaya Residence | |
|---|---|---|---|
| Price from | from ~$130,215 | from ~$130,063 | from ~$129,963 |
| $/sqm | $4,341 | $3,716 | $3,610 |
| Beach | Karon, ~800 m | Karon, ~700 m | Nai Harn, ~2 km |
| Completion | completed in 2023 (phase 1) | completed in 2019 (phase 1) | off-plan, delivery Q3 2027 |
| Ownership | freehold / leasehold | freehold / leasehold | freehold / leasehold — confirmed per unit |
| 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 ~$130,215 for a 1-bedroom unit at 30–32 sqm. There are also 2-bedroom units around 61 sqm — price confirmed per unit.
Art House Group — the same developer as the neighboring Palmetto Condominium 100 metres away: on the market in Phuket since 2012, with around 9 projects on the island.
Phase 1 was completed in 2023 — units are move-in ready, with no off-plan risk.
Both options are available, with the exact quota confirmed per unit at the deal stage.
About 800 m, roughly 10 minutes on foot to Karon beach.
The developer states a guaranteed yield of around 7% per year for 3 years plus free nights of stay for the owner. This is a marketing program from this specific developer, not an independent guarantee — the terms, payment source and possible deductions should be checked in the contract before buying.
Palmetto Condominium is an earlier building from the same developer (completed 2019, 30 units, 700 m to the beach). Palmetto Park is larger (77 units), newer (2023), and offers a stated guaranteed-yield program — but both come from the same developer, so the developer risk is shared.
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.