Costanera: Panama's Hottest New Oceanfront Development with 91% Sold Out in First Month

Here's the thing about Costanera that gets people genuinely excited: it sits right behind a massive public park that faces the ocean. That green space isn't just pretty to look at - it's strategic. You get the oceanfront lifestyle and the views, but you're set back from all the chaos of the avenue. No traffic noise at night. No exhaust. Just the sound of the ocean and people genuinely enjoying life.

Alvaro, the head of sales at Costanera, explains the appeal clearly. The building targets families who want space and options. Three-bedroom units range from 123 to 151 square meters for those wanting city views, plus two larger options at 203 and 205 square meters facing the ocean. So whether you want to wake up looking at Panama City's skyline or the Pacific, you've got choices.

What's wild is how fast this sold. In just one month after delivery started, Pacific Hills had moved 91% of available units. That's not typical for any real estate market, anywhere. People don't move that fast unless they genuinely believe in what they're buying.

Location isn't just important in real estate - it's everything. Costanera sits in Bayá Vista, one of Panama City's most sought-after neighborhoods, directly fronting the Pacific Ocean. But here's the genius part: there's that park between you and Avenida Balboa.

For context, Avenida Balboa runs along Panama City's entire waterfront. It's the main drag - beautiful, yes, but it's a main drag. Traffic, noise, urban chaos. Costanera gives you the best of both worlds. You're steps from the park where you can run, bike, rollerblade, or just walk along the water. But when you want the city, it's right there. When you want quiet, you've got it.

The park itself has become a massive draw. There's a full basketball court, a baseball field, a covered community center with yoga and pilates classes, folklore dance performances, and during the holidays it transforms into a Christmas wonderland. For families with kids, this is huge. For expats coming from colder climates, year-round outdoor activity access is a game-changer.

Costanera isn't just selling square footage. It's selling a lifestyle where you genuinely might not need to leave the building if you don't want to.

The amenities spread across three different zones. There's A1 with the essentials - pool, gym, social areas, kids park. That's the baseline. Then there's A2, which is where things get interesting. We're talking a full cinema, co-working spaces, a teenagers lounge, and a legit spa with massage services, jacuzzi, sauna, and a yoga studio. Like, actual professional services inside the building.

Then A3 sits on the 56th floor - the rooftop terrace with 360-degree views. You can see the ocean, the city, everything. It's air-conditioned outdoor space where you can host events, watch the game, or just sit with friends and take in the views.

What's brilliant is that this appeals to way more than just families with kids. Austin interviewed an expat couple without children living in the building who converted one bedroom into a home office. They use the entire building as their world - bringing visitors, working from home, enjoying the spa, the gym, the social spaces. That flexibility is what's driving the sales velocity.

Austin mentions this in the video and it's worth emphasizing: the real estate market in Panama City is changing because walkability matters to expats. Costanera sits in an area where you can actually walk or bike to where you need to go.

Within easy reach: an excellent Greek restaurant, a high-end steakhouse, fusion dining, taco spots, an Athenaeum cafe moving into the building, a Cinta Castera (popular Panamanian restaurant), a Riba Smith grocery store, pet supply stores with grooming services, Mailbox Etc for international shipping and Amazon packages, pharmacies, gyms, hair salons. The list goes on.

For expats coming from the States or Canada used to online shopping and specific services, having Mailbox Etc within walking distance is genuinely convenient. You're not hunting for options - they're here.

The bigger picture: Bayá Vista is becoming a neighborhood where expats can build a full life. The days of being isolated in a fancy building are gone. Now you want a building that's part of a real, functioning neighborhood with character and options.

The video features Glenn, a genuine character who's been in Panama for 20 years. He first fell in love with the country vacationing in the Pearl Islands with his kids - tired of Florida winters and unpredictable weather. For two decades he and his family enjoyed island life. Now, with grown kids and wanting to shift gears, he and his wife moved into one of the first units at Costanera.

Glenn's reasoning is telling: an oceanfront apartment like Costanera in South Florida would require serious wealth. In Panama, it's affordable and accessible. The views are incredible. The park is right there. The building itself is brand new with modern everything. And here's what really matters - it's quiet. Unlike Avenida Balboa where traffic noise is constant, Costanera residents sleep peacefully.

That's who's buying: expats who've been in Panama and discovered they want more city access without sacrificing peace and nature. Families who want space and options. Digital nomads and remote workers who want professional co-working space and premium living. People doing real calculations about cost, quality of life, and value - and concluding that Panama offers something most other places can't.

Real estate professionals watch sell-out rates because they tell you everything about market confidence. When a brand-new development moves 91% of inventory in one month, that's not normal. That's not just marketing. That's genuine belief.

Pacific Hills is a developer with 36 years in the Panamanian market. They've got multiple projects under construction. But Costanera is what they're calling their jewel. Alvaro, their sales head, describes it that way - this is their baby.

For investors considering Panama real estate, Costanera represents something specific: a completed development in a prime location with immediate occupancy available. You're not waiting for construction. You're not wondering if the project will finish. People are already living there. The building is proven.

The fact that Pacific Hills is already planning a second tower based on Costanera's success says everything. They proved the demand exists. Now they're scaling it.

For expats considering Panama: a building this successful is also a place where you'll actually have a community. The first residents are establishing culture there. You won't be in an empty building waiting for other people to show up. That community element drives long-term satisfaction with a property.

Austin and the DoPanama team appear throughout this video emphasizing something important: connecting you with the right people matters more than just completing a sale.

Austin worked with Alvaro specifically because they align on values and communication. That matters when you're making one of the biggest decisions of your life. You want to work with people you actually enjoy being around.

DoPanama's approach is comprehensive. They can handle full relocation programs if you need it - visa assistance, residency requirements, the whole package. But they also understand that some people just want to be connected directly with a developer and their sales team. Either way, the team at DoPanama can facilitate.

The contact point is simple: reach out to Austin at austin@dopanama.com with questions about Costanera or any other Panama real estate and relocation questions. The team can set up Zoom calls if you're not in-country yet. They can connect you directly with developers. They can provide comprehensive relocation packages.

What you're paying for isn't just access to property listings - you're paying for guidance from people who've been through this, who understand Panama deeply, and who can navigate you through one of life's bigger transitions.