Casa Bonita

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Beach, island, mountain, golf, city

Residential Projects in Panama - Focus Vol. 41#1

Despite the worldwide financial crisis, the real estate market in Panama, while it has leveled off from the boom situation of recent years, remains active. Foreign buyers are still arriving in considerable numbers to look for homes and properties.

For homes, there are many devel­opments to choose from. In Panama City, apartments constitute a buyer’s market and there are interesting offers of houses in the Old Quarter and outer city environs. The Pacific beaches area to the west of the city is developing fast. The Azuero Peninsula is getting its share of attention and further west , Bocas del Toro and Chiriquí remain popular for retirees and second home buyers. In Chiriquí, formerly known for its mountain properties, the coastal area around Horconcitos and Boca Chica has entered the limelight.

On the following paragraphs, we offer a resume of some of the projects.

Altos del Maria

Altos del Maria
Altos del Maria

Altos del Maria is a private moun­tain community located on 12,000 acres of exuberant natural beauty in the highlands of Sora, 90 minutes from Panama City. It is a destination of choice for nature-lover s who are seek­ing an exclusive country community close to the modem life of the city.

The project has two major regions (valley and highlands) with a number of subdivisions in each area which have been developed keeping the natural slope of the terrain. Some lots have creeks or are near a river and all have panoramic mountain, valley, green belt or Pacific Ocean views. Residential lots and houses already constructed are available with a range of prices.

Newly developed areas are: Valle Bonito at an altitude of 900 meters which is being developed in three phases: lot sales, townhouses and vil­las. Also Bosques de Galicia with 58 lots, each more than 3,000 m2, situ­ated above 1 ,000 meters high on the Continental Divide with views of the Caribbean sea and Lake Gatun; La Vega de Montalcino, lots with excellent topography; Navarra, located on the private road to El Valle de Anton and Santo Domingo with panoramic views to the Pacific Ocean and Cerro Picacho.

Altos del Maria is in an area with excellent temperatures between 17° and 27° C (61 – 78 F) all year. Here you can find fresh air, a variety of flowers, trees, pines, beautiful rivers, forest trails, dozens of streams, paved roads, electricity, telephone, internet, refreshing waterfalls, a heliport, 24 hour security and it is just 30 minutes from the Pacific Beaches with their commercial centers. and golf courses. The picturesque village of El Valle de Anton is also only 30 minutes away along the project ‘s private road.

There are already 1,500 property owners in Altos del María. Contact: (507) 260-4813,


Anyone looking for a home should not fail to check out the district of Pedasi on the Azuero Peninsula graced with picturesque villages, colorful traditions, modern commercial centers , a wide range of activities and an abundance of natural amenities.

Dekel Group, one of Panama’s most innovative real estate developers has chosen this remarkable region for the development of two residential projects.

Andromeda Ocean Estates

Andromeda's Los Vientos Beach Club.The first HOA project of its kind in the region, Andromeda Ocean Estates is located close to the beautifully pre­served colonial town of Pedasi, host to an eclectic mix of restaurants, hotels, bars and cafes (and an equally fasci­nating mix of residents). Andromeda’s prime oceanfront acreage is divided into a number of carefully planned subdivisions, each with its own unique characteristics and advantages including meticulously landscaped gardens with abundant palm and shad trees, footpaths and relaxation pond.

The iconic centerpiece of Andromeda Ocean Estates is the Los Vientos Beach Club & Spa, where community members and their guests can relax. Boasting the largest oceans­ide infinity pool on Panama’s Pacific coast, the Beach Club also has a world­ class restaurant, game rooms, poolside bar and expansive terrace.

Tenis courts will be available as well as water activities including snorkeling at nearby coral reefs, whale watching off the coast or sport fishing in the bay.

Blue Venao

Just 30 minutes down the coast from Pedasi, Blue Venao offers luxury beach front living with villas and condominium units set amidst lushly landscaped parks and gardens. The Spanish-colonial the master plan of this gated community features walkable neighborhood and easy access to famous Playa Venao – a longtime favorite of surfers which is quickly becoming one of Panama ‘s most popular tourist destinations.

Blue Venao ha launched with 98 condominiums and penthouses and over 50 homes designed to fill a range of lifestyle options, includ­ing second home, vacation rental , investment property or full retirement. Though styled along traditional lines, all homes and condominiums are built along climate-adjusted design prin­ciple that take full advantage of the ocean breezes and sparkling tropical sunlight through the strategic use of open paces that blur the boundaries between indoors and out.

Beach House at Blue Venao
Beach House at Blue Venao.

Amenities planned for this resort community include an Ocean Sports Activity Center, Spa and Yoga Center, Beach and Surf Club and the Blue Venao Grill Bar, a gourmet beach grill and sun et bar where guests can enjoy the famed Venao sunsets over the west­ern point of the crescent-shaped bay.

For more information, visit and

Playa Bonita Residences

Casa Bonita
Casa Bonita

Any  project  built  by  Empresas Bern is guaranteed to be of the highest quality.  The  company  has  a  long  and distinguished record which has placed it  as  the  principal  developer  of  residential  and  hotel  projects  in  Panama —  no  less  than  135  projects  delivered to date.

The latest example of the versatility  of  the  company  is  Playa  Bonita Residences  in  a  magnificent  location on the Pacific coast.

Playa  Bonita  Residences  is  an exclusive  project  15  minutes  from the center of Panama City combining luxurious  design  with  the  panorama of  the  Pacific  Ocean,  the  splendor  of the  Punta  Bruja  Natural  Reserve  and the magnificence of the Panama Canal.
A  salient  feature  of  the  development  is  Casa  Bonita,  a  modern  and elegant  tower  inspired  by  Greek  and Mediterranean  architecture  which offers  apartments  with  one,  two  and three bedrooms, amid tropical landscaping  and  virgin  forest.

Nearby  is  the  luxurious  private  club, the  Pearl  Club,  fronting  the  beach, where residents can enjoy all the amenities  including  pool,  complete  gymnasium and world-class spa.

Tel.: (507) 214-2376;;

Ranchos Los Sueños

Rancho Los Sueños
Rancho Los Sueños.

Ranchos  Los  Sueños  is  a development  right  in  the  heart  of  the fastest-growing  resort  area  in  Panama —  the  Pacific  Beaches,  situated  an hour away from Panama City and also appropriately known as the Gold Coast. It  is  an  area  popular  with  retirees  and also  an  area  of  vacation  homes  of Panamanians and foreigners.

Not  only  is  Ranchos  Los  Sueños minutes  from  the  beach,  but  also close  to  supermarkets,  golf  courses, a  modern  hospital  and  the  recently inaugurated international airport at Rio Hato. Incredibly, there are more than 37 residential projects in the area.

Ranchos  Los  Sueños  offers  many advantages,  not  the  least  of  which  is the  best  lot  prices  in  the  area  and the  opportunity  to  finance  a  lot  over two  years  without  interest.  Lots  range upwards of 600 m2, some on the level and  some  on  hills  with  a  view  of  the Pacific or the mountains. Good streets, electricity  and  pure  water  from  the project’s  own  wells  are  the  essential amenities,  enhanced  by  a  park  with  a brook  bordered  by  immense  Espave trees.

Boating  enthusiasts  may  be interested to know that the development is  five  minutes  away  by  road  from a  small  fishing  port  with  access  to the  ocean.     Another  advantage  is the  microclimate,  with  fresh  breezes blowing down from the mountains.

Ranchos Los Sueños
(507) 6672-7736, (507) 260-5433

Punta Bejuco, Chiriqui

Punta Bejuco
Punta Bejuco.

The  province  of  Chiriqui,  always popular  for  retirees  and vacation home seekers, will become even more desirable  for  its  real  estate  since  the enlargement  and  rehabilitation  of  the Enrique  Malek  International  Airport in  the  capital  city,  David,  and  the commencement  of  service  by  Copa Airlines connecting the province to 69 international destinations.

A  very  interesting  real  estate opportunity emerged recently at Punta Bejuco  on  the  Pacifcic  coast  50  miles from  David,  where  the  Peninsula Oceanfront  Resort  &  Residential community has entered the market. As a  wilderness  retreat,  this  development would  be  hard  to  beat  —  the  grandeur of  the  Pacific  Ocean  backed  by  green mountains.

The  developers  offer  fully  titled lots  from  two  hectareas.  The   sales are  “exclusively  open  to  selected developers  willing  to  reach  ultimate eco-oceanfront  experience,  sharing knowledge and vision.” They add that incentives are available under Tourism Law 80.

Punta Bejuco, S.A.
Panama: (507) 6973 4322,
Wilmington: (1 302) 887 9804