A boutique 30-unit condominium 700 m from Karon beach — completed and delivered in 2019
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 7 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.
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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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](/villacarte/catalog/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.
