The launch of a luxury oceanfront home in Panama goes sideways

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The unveiling of a futuristic luxury model home on Panama’s Caribbean coast collapsed on Thursday when the SeaPod Eco prototype sank above the water on a column that sank onto an adjacent dock.

Developer Ocean Builders said in a statement that the austere white house began to “destabilize” towards the end of the launch event. No one was injured and the cause is being investigated.

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Reminiscent of a spaceship, the house is well above the water and has expansive views from a row of windows. The developers planned to put the houses up for sale next year, touting them as friendly to the environment and the economy.

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