Oceanfront Real Estate in Panama for Under $200,000
The average budget for a foreigner investing in Panama is about $300,000, but there are many great options that are great buys for $200,000 or less.
Panama Riviera
The French Riviera is famous for gorgeous yachts, tanned bodies … and startling price tags. If you want to avoid spending your children’s inheritance, hop a flight to Panama and take a look at the Panama Riviera, a section of Panama’s Pacific Ocean coastline with mile after mile of pristine beaches. It takes about one hour by car to drive from one end of the Panama Riviera to the other. It is a 90-minute drive from Panama City, Panama’s capital and largest city, and is a self-contained community with restaurants, shopping, salons, and everything else you need to live a normal life.
You can get an an absolute oceanfront apartment in Nuevo Gorgona for less than $200,000. Nuevo Gorgona, often referred to as simply Gorgona, is located right next door to Coronado, the heart of the Panama Riviera.
Here are a few great real estate options in beach communities in the Panama Riviera that cost less than $200,000 for fully titled apartments.
Royal Palm, Nuevo Gorgona, Panama
Royal Palm is a brand new project by the developer Empresas Bern, the largest real estate developer in Panama. The average apartment is about 750 square feet (70 m2), with two bedrooms and two bathrooms. Prices start at $185,000. The project has every amenity you can imagine, including swimming pools, a lap pool, a gym, saunas, relaxation areas, a restaurant, and plenty of different social areas. The apartments have a property tax exemption until the end of 2027.
Bahia Resort, Nuevo Gorgona, Panama
Bahia Resort is right down the beach from Royal Palm and also offers a huge array of amenities. In addition to the pools and gym, they also have three restaurants, a full-service spa, a miniature golf course, tennis and basketball courts, beachfront volleyball, and two fully outfitted game rooms that will make your grandchildren drool with the latest arcade games and bounce houses. For $200,000, you can get approximately 750 square feet (70 m2) with one bedroom and one bathroom. This community also has larger two-bedroom apartments available for about $335,000. There are 16 years left on the tax exoneration.
Coronado Golf Tower, Coronado, Panama
Coronado Golf Tower is a golfer’s dream. Although not absolute beachfront, Coronado Golf Tower has stunning ocean views and is an easy walk to the beach. When you buy an apartment, you can also get a country club membership to Coronado Country Club, the social hub of the Panama Riviera. For a nominal monthly membership fee of $285 for half-time residents, you get free green fees as well as access to all of their amenities including tennis, restaurants, a beach club, and even an equestrian club. You can buy a fully furnished one-bedroom apartment that is approximately 1100 square feet (105 m2) for $185,000 (click here to see photos) or a two-bedroom apartment for $200,000 (click here to see photos).
Learn More
If you’re intrigued, request a copy of my tell-all book about Panama. It’s my gift to you. Click here and I will send you a FREE copy of Panama Uncorked: Everything You Need to Know to Visit, Live and Invest in Panama.
