Two Stunning Beachfront Condos in El Palmar, Panama - Starting at Just $185,000
Playa El Palmar is a picturesque Pacific beach located in San Carlos, about 97 km from Panama City. Consistent waves make this ...
Two Stunning Beachfront Condos in El Palmar, Panama - Starting at Just $185,000
Looking for an oceanfront property in Panama with panoramic ocean views and strong rental potential? DoPanama Real Estate & Relocation showcases two incredible condos at Al Palmar Residence in San Carlos, just over an hour from Panama City. One is a customized low-rise unit at $250,000 with a wraparound balcony, and the other is a 20th-floor turnkey condo at $185,000 with floor-to-ceiling sea views.
Discover El Palmar: Panama's Pacific Gem
El Palmar, located in San Carlos along the Pacific Riviera, is one of Panama's most sought-after beach communities. It offers consistent surf, wide sandy beaches, and a relaxed atmosphere - all just a 97 km drive (about an hour) from Panama City. The area has become a top destination for buyers looking for surfing, beachfront living, weekend escapes, and investment opportunities. What makes El Palmar unique is the perfect blend of surf culture, walkable beach lifestyle, and easy access to the capital. The strong Airbnb and vacation rental demand make it an excellent choice for investors.
97 km from Panama City, approximately 1-hour drive
Source: Video description and DoPanama
Property 1: Customized Low-Rise Apartment at $250,000
This boutique-style beachfront apartment offers 70 sq m (753 sq ft) of enclosed living space plus a 12 sq m (130 sq ft) wraparound balcony. It features a one-bedroom, one-bathroom layout with top-quality finishes, an open living and kitchen area, and one parking space. The monthly HOA is $131.86. The wraparound balcony completely transforms the feel of the property, providing excellent outdoor living space with strong natural light.
$250,000 asking price for 753 sq ft + 130 sq ft balcony
Source: DoPanama video transcript
Property 2: 20th Floor Turnkey Condo at $185,000
This high-rise unit on the 20th floor offers stunning panoramic ocean views from nearly every angle. It measures approximately 660 sq ft (61.35 sq m) and includes a one-bedroom with a custom king-size bed that has direct balcony access, a den area with a Murphy bed (functions as an office or single bed), a spacious bathroom with laundry area, open concept kitchen, and a living room with balcony access. The owner installed built-in stereo speakers on the balcony, a dual kitchen sink upgrade, and roller screens. It comes fully furnished and equipped, including appliances and two air conditioning units. Asking price: $185,000.
$185,000 for a fully furnished, turnkey ocean-view condo
Source: DoPanama video transcript
Why Invest in Panama's Pacific Riviera?
Panama's Pacific Riviera, stretching from Coronado to San Carlos, is attracting international buyers due to its combination of oceanfront living, growing infrastructure, and value compared to other beach markets worldwide. According to International Living, Panama ranks among the top retirement destinations with a cost of living roughly 30% lower than the US. The Pensionado visa program offers significant discounts on many services for retirees. For buyers, beachfront condos in San Carlos can yield strong short-term rental returns, with occupancy rates often exceeding 70% during peak season. Plus, Panama uses the US dollar, eliminating currency risk.
Cost of living in Panama is approximately 30% lower than in the United States
Source: Numbeo (2023 data)
How DoPanama Guides Your Purchase
DoPanama Real Estate & Relocation is a licensed and bonded company (PJ-1430-2023) that helps international buyers every step of the way. Their team includes Austin Hess (COO) and Nalini Navarro Guardia (President/Legal Director). They offer a free 30-minute Zoom consultation after a quick 5-minute online survey. Their office is located at the Waldorf Astoria Hotel in Panama City, and they also have an information desk at the Hilton in Avenida Balboa. They have access to listings from over 100 affiliates across Panama.
Over 100 affiliate listings across Panama
Source: DoPanama video
Whether you are looking for a weekend surf getaway or a full-time oceanfront home, the Al Palmar Residence offers two fantastic opportunities. The $185,000 turnkey condo is perfect for immediate rental income, while the $250,000 customized unit provides upscale living. DoPanama Real Estate & Relocation is ready to help you schedule a private showing or guide you through the entire buying process. Visit dopanama.com or call +507 6443-3341 to start your Panama beach life today.
Experteneinblicke
“At DoPanama, we help buyers identify the right opportunity based on their lifestyle goals, investment strategy, and budget.”
— Austin Hess, COO of DoPanama Real Estate & Relocation
“We started this company for one main reason, to assist and take care of international buyers like yourself that are thinking of relocating to this beautiful country, Panama.”
— Wayne Arath, Host of DoPanama Vlog
Häufig Gestellte Fragen
How much does a beachfront condo in Panama cost?
Beachfront condos in areas like El Palmar (San Carlos) start around $185,000 for a fully furnished one-bedroom unit on higher floors with ocean views. Larger or more customized units can range up to $250,000 or more. Prices vary by location, amenities, and square footage.
Is El Palmar a good place to buy property in Panama?
Yes. El Palmar in San Carlos is one of the top beach communities along the Pacific Riviera. It offers consistent surf, a relaxed beach town atmosphere, and strong vacation rental demand. The area is just over an hour from Panama City, making it ideal for weekend getaways or full-time living with easy access to the capital.
Can foreigners buy real estate in Panama?
Yes, foreigners have the same property rights as Panamanians. There are no restrictions on buying residential real estate, including beachfront condos. The process involves a legal title search, a purchase agreement, and closing with a notary public. It is recommended to work with a licensed real estate company like DoPanama (PJ-1430-2023) and a local lawyer.
What are the rental yields for beachfront condos in Panama?
Beachfront properties in popular areas like El Palmar can generate strong short-term rental returns. During the dry season (December-May), occupancy rates often exceed 70%. Annual net yields (after expenses) typically range from 6% to 10%, depending on location, seasonality, and property management.
What is the best visa option for retiring in Panama?
The Pensionado Visa is the most popular. It requires a lifetime pension of at least $1,000 per month (for the applicant) plus $250 per dependent. Benefits include discounts on airline tickets, utilities, medical services, and more. Other options include the Friendly Nations Visa (for citizens of 50+ countries) and the Investor Visa (for real estate purchases over $300,000).
What is the cost of living in Panama compared to the US?
According to Numbeo, the cost of living in Panama City is about 30% lower than in the US. Rent is significantly cheaper - a one-bedroom apartment in the city center averages around $700-$1,000 per month. Utilities, groceries, and dining out are also more affordable. Beach towns like San Carlos tend to be even cheaper than the capital.
How do I schedule a showing for a condo in El Palmar?
Contact DoPanama Real Estate & Relocation at info@dopanama.com or call +507 6443-3341. They offer private showings and can arrange transportation from Panama City. You can also fill out their 5-minute online survey to get a free 30-minute Zoom consultation to discuss your lifestyle and budget.
Wichtige Statistiken
Asking price of $185,000 for a fully furnished 20th-floor ocean-view condo in El Palmar
Source: DoPanama video transcript (2024)
Asking price of $250,000 for a 753 sq ft low-rise unit with wraparound balcony
Source: DoPanama video transcript (2024)
Monthly HOA of $131.86 for the low-rise unit
Source: DoPanama video transcript (2024)
Distance from Panama City to El Palmar: 97 km (approximately 1-hour drive)
Source: Video description (2024)
Cost of living in Panama is roughly 30% lower than in the United States
Source: Numbeo (2023)
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