Panama launch of futuristic oceanfront home goes sideways

A SeaPod Eco prototype, the first of a futuristic line of homes built over water, is shown to the press in Linton Bay Marina, Panama, Thursday, Sept. 22, 2022. Developers hoped to market these homes that are only accessible by boat off Panama's Caribbean coast but the prototype partially collapsed after its first showing to the press. (AP Photo/Arnulfo Franco) (Arnulfo Franco, Copyright 2022 The Associated Press. All rights reserved.)

COLON – The unveiling of a futuristic luxury model home on Panama's Caribbean coast tanked Thursday when the SeaPod Eco prototype perched above the water on a column slumped onto an adjacent dock.

Developer Ocean Builders said in a statement that the sleek white home began to "destabilize" at the end of the launch event. It said no one was injured and the cause was being investigated.

The home that is reminiscent of a space ship sits well above the water and features expansive views from a row of windows. The developers had planned to begin offering the homes for sale next year, touting them as friendly to the environment and the economy.