For this week’s In the Know, we explore Panama City’s most interesting neighborhoods, each offering a unique lifestyle and diverse real estate options. A popular locale for foreign buyers, remote workers and entrepreneurs, the country offers a sunny climate, vibrant culture and international connectivity—learn more about the country’s visa process, see our article here.
To get an insider’s perspective on Panama City, we spoke with Victoria (Vicky) Levitam, Managing Partner at The Agency Panama, who handpicked five of the metropolis’ most captivating neighborhoods right now. From oceanview estates and brand new developments to one-of-a-kind historic homes, Panama City is the country’s capital and cosmopolitan crown jewel with many beautiful facets.
Santa Maria Golf & Country Club
What kinds of real estate is available in this neighborhood?
Santa Maria offers a range of luxurious real estate options, including single-family homes, opulent villas, and elegant apartments.
What does this neighborhood offer access to?
The centerpiece of Santa Maria is its world-class 18-hole golf course. Designed by Jack Nicklaus, it offers a challenging and scenic golfing experience, surrounded by lush greenery and beautiful landscaping.
Residents also benefit from nearby top-notch schools, shopping at the newly inaugurated Village Plaza, and a Clubhouse and sports Club with a wide range of amenities. The neighborhood is also conveniently close to the airport, making travel a breeze.
What do you like most about this neighborhood?
What stands out about Santa Maria is its serene, upscale lifestyle surrounded by the beauty of a world-class golf course in a gated community.
Who do you see purchasing in this neighborhood?
This neighborhood attracts families and individuals seeking an exclusive, tranquil environment, often including expatriates and those desiring a high-end golfing lifestyle.
Short phrase to describe this neighborhood?
“Exclusive Golf Lifestyle Living.”
Ocean Reef Islands
What kinds of real estate is available in this neighborhood?
Ocean Reef Islands is a private development that offers a luxurious coastal lifestyle characterized by its diverse real estate options. Whether you desire the panoramic views from a sleek condo, the spaciousness of a single-family home or villa, or the freedom to design your dream residence on open land, this neighborhood caters to residents’ vision of the perfect living space.
What does this neighborhood offer access to?
Ocean Reef Islands serves as residents’ exclusive portal to the Pacific Ocean, providing direct marina access for boats and yachts. The community is enriched with an impressive array of amenities, featuring tennis courts, paddle courts, multi-purpose courts, a private gym—even heliports.
This harmonious blend of recreational and functional assets creates an idyllic haven for waterfront enthusiasts. Positioned at the heart of Panama City, residents savor breathtaking oceanfront vistas while enjoying effortless connections to the bustling hubs of business, entertainment, and culture. Nearby are high-end shopping venues, world-class healthcare facilities, and a marina.
What do you like most about this neighborhood?
Ocean Reef Islands embodies the epitome of luxury island-coastal living in Panama City. It has an exceptional location, offers an unparalleled level of privacy within a world-class community, 5 5-star private residential marina that caters to your every boating desire. Its natural beauty promises a lifestyle beyond compare in the city of Panama. This exclusive haven ensures security, privacy, 24/7 access to the ocean, and an array of watersports activities, allowing you to immerse yourself in the sheer joy of coastal living.
Who do you see purchasing in this neighborhood?
This development is a magnet for high-net-worth individuals, investors, top entrepreneurs in the Region, and those seeking ultimate exclusivity.
Short phrase to describe this neighborhood?
“Luxury Island Living.”
Punta Pacifica
What kinds of real estate is available in this neighborhood?
Punta Pacifica’s skyline is dominated by sleek, modern condominium towers, offering an array of sizes and styles. From expansive penthouses to well-appointed single-bedroom units, the choices are diverse and promise stunning ocean views.
What does this neighborhood offer access to? (Shops, restaurants, ocean?)
This neighborhood is like the residential Manhattan of Panama. It’s a gateway to a life of indulgence. High-end shopping centers, world-class healthcare facilities, upscale boutiques, and gourmet restaurants are all just a stone’s throw away. The best feature, though, is its direct access to the Pacific Ocean.
What do you like most about this neighborhood?
What truly stands out in Punta Pacifica is its location, the seamless blend of modern urban living with coastal beauty. The breathtaking sea views from your window and the convenience of having shopping, dining, and entertainment options within reach create a lifestyle that’s hard to beat. It’s a place where you can relax in style and experience the vibrancy of city living.
Who do you see purchasing in this neighborhood?
Punta Pacifica appeals to a diverse crowd. Affluent families find the neighborhood’s safe and luxurious environment perfect for raising children. Young professionals are drawn to upscale living, where they can unwind in style after a busy day. This area often appeals to expatriates, professionals, and those seeking an urban beachfront lifestyle.
Short phrase to describe this neighborhood?
“Oceanfront Urban Luxury.”
Casco Viejo
What kinds of real estate is available in this neighborhood?
Casco Viejo predominantly features charming colonial-style apartments and restored historic buildings.
What does this neighborhood offer access to?
The neighborhood provides access to a rich cultural scene, boutique shops, and a vibrant culinary landscape. With the sparkling Pacific Ocean just a short walk away, you can enjoy spectacular waterfront views and bask in the sun’s golden embrace.
What do you like most about this neighborhood?
Casco Viejo is a true example of a romantic and classically styled European community on Central American soil. Considered a UNESCO Cultural World Heritage site, this neighborhood’s roots date back to 1673.
Yet, Casco Viejo is not a relic; it’s a thriving hub of culture and creativity, where the past seamlessly integrates with the present. What’s most captivating about Casco Viejo is its unique blend of history, culture, and lively atmosphere.
Who do you see purchasing in this neighborhood?
Casco Viejo casts its spell on a diverse range of residents. Young professionals are drawn to its artistic and cultural scene, enjoying the endless opportunities for exploration.
Tourists find it an ideal base to immerse themselves in Panama’s history and culture. This area attracts history enthusiasts, artists, and those looking for a bohemian urban experience.
Short phrase to describe this neighborhood?
“Historic Bohemian Charm.”
Costa del Este
What kinds of real estate is available in this neighborhood?
Costa del Este offers a diverse range of upscale real estate options. You’ll discover opulent oceanfront condos with panoramic views of the Pacific Ocean, elegant single-family homes surrounded by well-manicured gardens, and even open land parcels, providing the opportunity to craft your own idyllic retreat.
What does this neighborhood offer access to?
Within Costa del Este is an array of shopping opportunities, from chic boutiques to everyday conveniences. The neighborhood’s culinary scene is equally impressive, with a diverse selection of restaurants catering to both local and international tastes. Proximity to the ocean and verdant parks ensures you’re just moments away from sun, mangroves, and relaxation.
What do you like most about this neighborhood?
What sets Costa del Este apart is its unique blend of modern living and natural beauty. It effortlessly combines the tranquility of coastal living with the vibrancy of urban convenience, creating an environment that caters to both serenity seekers and those seeking excitement.
Who do you see purchasing in this neighborhood?
This area is a magnet for families, and professionals, many of whom work for multinational companies situated in Costa del Este, and a growing number of South American immigrants. The neighborhood’s family-friendly environment and seamless blend of urban comforts make it an appealing choice.
Short phrase to describe this neighborhood?
“Suburban Bliss with Urban Comforts.”
To learn more about visa options and buying property in Panama, visit PARS.com or contact Vicky Levitam directly at vlevitam@theagencyre.com. And to browse available listings in Panama, visit TheAgencyRE.com/region/panama.
