Panormos Mykonos. Panormos is a popular seaside resort on the northern coast of Mykonos. It is located in the homonymous bay, 7 km northeast of Mykonos town. On the beach there are good beach bars with good food. Please note the prices are quite expensive! The beautiful sandy beach is big and wide. North of the beach is the hotel Panormos village built on a low hill on the rocks. Exactly there is a smaller beach sheltered from the wind. Behind the big beach, on the hills are the beautiful Mykonos Panormos Villas situated. Near Panormos, there is Lake Marathi located. It is an artificial lake that provides the whole island with water.