Panama City is unlike any other city in Central America. The country has the fastest growing economy in all of Latin America, and the impressive skyline reflects this development. But don’t let it confuse you – this city is characterized by contrasts. From modern skyscrapers to 2-3 story 17th century houses, golf villas or private island condos, Panama City has it all. Take a look at its best neighborhoods.
Explore our selection of the best properties in Panama City.
Santa María Golf & Country Club is the newest urban development within Panama City center area and also the first one to sheet a championship golf course carefully mastered by Nicklaus Design.
The luxurious community offers a wide range of residential properties op-tions from garden condos to exclusive single family lots.
The Country Club already promise to become the center for social meetings and entertainment offering a dazzling array of amenities to enjoy including a sport center, bowling room and restaurants. All residents are eligible for a membership at a special price.
The 284 hectares development also includes a business district, a commercial boulevard and a five-star boutique hotel.
Strategically located next to the South Corridor, Santa María has excellent connections to the city center and airport.
It is also connected to Costa del Este to access malls, supermarkets, gyms, more than 50 restaurants, hotel, schools and many other facilities.
Costa del Este is a very exclusive community that was designed with world-class standards with completely underground wiring, residential areas of restricted access, a big central park, ample sidewalks and walking paths. Actually, the Costa del Este community features the highest household income rate in the country.
The 310-hectare development has become an important and unique place in the city, where several skyscrapers are being constructed, most of them facing the Pacific Ocean, offering amazing views of the city and sea. In Costa del Este there are also 17 single-family-house complexes making the residential offer even wider.
Its ample commercial development includes more than 50 restaurants, gyms, private schools, supermarkets, gas stations, retail stores and very soon the Town Center Mall with more than 44,000 Sq. Mt. (473,000 Sq. Ft.) of shopping surface that also houses a John Hopkins Institute and a movie theater complex.
Due to its direct connection to Santa María Golf & Country Club, Costa del Este residents can easily access and enjoy of a Nicklaus Design golf course and other facilities.
Costa del Mar is a small recently launched community located in front of the Pacific Ocean right next to Costa del Este and with direct access to the South Corridor.
Conceived for young families, its residences start at 120 Sq. Mt. with 3 bedrooms and affordable prices.
As a family oriented residential complex, Costa del Mar also offers many facilities to spend time outdoor like football, paddle, tennis and basketball courts, jogging tracks, kids outdoor playground, family size swimming pools with ocean views, BBQ area, ample terraces, banquet ballrooms among others.
Due to its connection to Costa del Este, the residents at Costa del Mar can enjoy its ample commercial offer that includes more than 50 restaurants, gyms, private schools, supermarkets, retail stores and very soon the Town Center Mall with more than 44,000 Sq. Mt. of shopping surface and other installations like the Costa del Este Hospital, an associate of John Hopkins Institute, and a movie theater complex., among others.
San Francisco is a traditional community located in the middle of Panama City adjoining the Pacific Ocean to the south and the Omar Park to the north.
Currently, the San Francisco neighborhood is part of the financial and commercial center of Panama City. It is one of the areas where the real estate boom of recent years has been concentrated. In its center, there are about 600 shops, 672 houses, 110 buildings and a population of 10 thousand 359 inhabitants, according to the 2010 census. It sheets the neighborhoods of Coco del Mar (ocean front) and Altos del Golf (along the park).
In this neighborhood is also located the Omar Torrijos Park, one of the most extensive parks in the city, with a jogging track of approximately 5 km long. Known simply as “Parque Omar”, this is one of the places preferred by the inhabitants to take fresh air and get away from the busy metropolis. In addition to the many cultural and recreational facilities that this park offers, the National Library of Panama is also located there.
Among the commercial offer, San Francisco houses the Multiplaza Pacific Mall, the biggest renowned-brands shopping center of the country.
Obarrio, a low density neighborhood originally conceived for residential use, nowadays is an important office and shopping center that, also offers a variety of restaurants, hotels, bars, casinos and other nightlife establishments.
Located between 2 major avenues, Via España and Calle 50, Obarrio has excellent communication with the rest of the city and in special with the banking district, making the neighborhood very attractive for many executives to establish their residences .
Mixed-use real estate developments include mid-density residential build-ings as well as corporate towers making the community an ideal neighborhood for those looking to live and work in the same place avoiding to drive long distances.
Also in this area is the National Sanctuary of the Heart of Mary, one of the most emblematic Catholic churches of the city , the design district, hotels, casinos and the SOHO Mall, the newest and most luxurious mall in Panama City that features a state-of-the-art gym, luxury brands stores, gourmet shop, restaurants, among others.
Marbella is a small and classical neighborhood located right behind the Avenida Balboa, between the Avenida Aquilino de la Guardia and the 56th Street East. Its great location, just steps from the Coastal Strip and the ocean, make it a privileged area to live in the city.
Together with Punta Paitilla, Marbella started its real estate development back in the 60’s offering to a selected group of locals the opportunity to live in highrise buildings for the first time in the country and to enjoy of beautiful views of the sea.
Notwithstanding the development of new residential areas, Marbella still have the charm of the past and it is consider one of the most exclusive neighborhoods in Panama City. Its residents can still enjoy of partial sea views and always of the shadow of its old trees sown on its sidewalks.
It has a complete commercial and service offer, including the Multicentro Mall, the Paitilla Hospital, the huge Hard Rock Hotel which is a destination itself, and strip malls with convenience stores, coffee shops, restaurants, bars, clothing boutiques, beauty salons, barber shops, banks, among others.
Punta Pacifica is a fairly new residential community located in the former domestic flights airport Marcos A. Gelabert that actually functions in Albrook. It is characterized by its great real estate developments including the Multiplaza Pacific Mall, the biggest brand-oriented shopping center in the country and the JW Marriott Hotel and Casino (former Trump Tower) where a daily ferry departs to the Pearl Islands.
Punta Pacifica is one of the most exclusive residential areas of the city. Its unique location in front of the Pacific Ocean has encouraged the construction of large skyscrapers that offer a true experience of living in front of the sea.
The Punta Pacifica Hospital (the only Central American hospital associated with a Johns Hopkins Institution) was also built in this area. Punta Pacifica also houses a corporate center, gym, restaurants, banks, supermarkets and many other facilities.
From Punta Pacifica you access the Ocean Reef Islands, an extension of the community that offers a selected portfolio of exclusive estates in a very low density development.
Punta Paitilla is an exclusive neighborhood located on a peninsula, bordering on the east with Punta Pacifica. It was born in the late 60's. It was a geographic accident in the middle of Panama Bay that housed only a couple of tall buildings, as was the Holiday Inn.
In the area of Paitilla you can find different hospitals, clinics, shopping areas, supermarkets, restaurants, stores for home improvements as well as general shopping areas.
When the first inhabitants of Punta Paitilla arrived in the early 1960s, they could even bathe in the little beach that is on the ramp of the park.
In 1975 was inaugurated the then highest building of Panama, the hotel Holiday Inn, today Paitilla Plaza Inn. In the 50 hectares Paitilla has more than 80 buildings, 145 houses and 150 shops, approximately.
About 7 thousand people live in Punta Paitilla. There are 7 restaurants, 5 banks, 22 beauty salons, 3 pharmacies, 6 laundries, 3 fruit shops, 4 bakeries and 2 supermarkets including a Kosher one.
Ocean Reef Islands comprise of two individual islands, interconnected by a bridge. A private residential community of unrivaled luxury and splendor. Ocean Reef Residents, Club members and guests will enjoy sumptuous amenities in a development that includes:
- Two islands that will be enjoyed by a selected and limited number of privileged owners and guests.
- A variety of home sites that redefine waterfront property ownership surrounded by an array of exclusive living options for connoisseurs of luxury with access to a full range of world class facilities.
- Luxurious 2-3 level Waterfront Residences or Garden Apartments with splendid views to the Gulf and Panama City equipped with exceptional facilities where the residents convenience and leisure are the highest priority.
- Exquisite Design Guidelines enforceable throughout the islands that guarantee the architectural style, language and eminence of the resi-dences.
- Lush landscaping, parks and recreational areas including tennis and multi-purpose facilities, which will be featured prominently throughout the project.
Bella Vista is a neighborhood that, due to its privileged location just behind the modern Avenida Balboa, has been a witness of a huge real estate development in the last 10 years. It is known for its neo-colonial architectural style dating back to the 1940s. The houses have large windows, wide eaves, tile roofs and other features that make them ideal for the tropical climate.
A walk along the tree lined streets west of Federico Boyd Avenue will reveal a greater number of these unique residences, some of which are still inhabited, while others welcome professionals from lawyers to doctors and accountants.
In the minds of city dwellers over 50, Bella Vista is synonymous with grandeur and sophistication. This was the neighborhood of the wealthy families of the city who, after 1915, left their old colonial mansions in the narrow streets of San Felipe (Casco Antiguo) to settle between the sector of La Exposicion and Playa Peña Prieta, popular spa that is now under the Avenida Balboa’s asphalt.
The neighborhood houses the beautiful park Urraca that joins with the Avenida Balboa’s Coastal Strip and the sea.
Avenida Balboa is the most modern road in the country. It is approxi-mately 3.5 km long and is located along the Pacific Ocean, making it one of the most desirable location for real estate development in the city. Along the avenue rise dozens of skyscrapers, mostly residential but also hotels and corporate towers. Among the hotels we can mention the Hard Rock Cafe, Hilton, Meridian and Intercontinental Miramar.
Avenida Balboa was completely remodeled and expanded in 2009 adding 30 hectares of parks and jogging tracks. This expansion is commonly known as the Coastal Strip which is a major tourist attraction and an important meeting point for the city’s residents.
Renowned architects, as Philippe Starcks, has risen their towers in this ave-nue offering state-of-the-art apartments with beautiful views of the sea, first class amenities and also featuring the highest prices per square meter in the city.
Panama City, the oldest con-tinuously occupied European settlement in the Pacific coast of the Americas, was founded in 1519, as a consequence of the discovery by the Spanish of the South Sea in 1513.
In 1673 the city was moved some 7.5 km southeast, to a small peninsula at the foot of Ancón hill. The relocated town, known today as Casco Antiguo which present-day appearance is marked by a unique blend of 19th and early 20th century architecture inspired in late colonial, Caribbean, Gulf Coast, French and eclectic (mostly Neo-Renaissance) styles. In the 19th and early 20th centuries, building styles evolved significantly, but spatial principles were fun-damentally preserved. The Casco Antiguo’s layout, a complex grid with streets and blocks of different widths and sizes and fortifications inspired in late Renaissance treaties, is an exceptional and probably unique example of 17th-century colonial town planning in the Americas.