Modern Two Story Home in Condado del Rey – $650K | Gated Community Living in Panama City

Condado del Rey is a rapidly developing residential and commercial hub in Panama City. The area offers a unique blend of suburban peace and city accessibility. You're minutes from two major shopping malls, outdoor recreation areas, electronic stores, a top-rated hospital, and numerous schools and universities. The community is especially family-friendly, with plenty of entertainment for kids and easy access to nature. As DoPanama’s in-house agent David noted, this is 'low density residential living at its absolute finest.' The gated community Horizontes 2 provides 24/7 security, landscaped green areas, a soccer field, a pool, and a gym – everything a modern family could want.

This stunning two-story estate is priced at $650,000 – a remarkable value for the size and quality. The home boasts 3 massive bedrooms, 4 full bathrooms, expansive living areas, a formal dining space, and a highly functional kitchen that serves as the heart of the home. The architecture maximizes cross ventilation and natural light, creating fluid indoor-outdoor integration. A private two-car garage adds security and convenience. The total construction is 4,500 sq ft on a 5,000 sq ft lot, making it one of the more spacious options in Panama City real estate for sale. It's a completed physical asset ready for immediate tour and acquisition.

DoPanama Real Estate & Relocation isn't just a real estate agency – it's a full-service partner for expats. As David explained in the video, 'The whole reason why DoPanama was created was to protect you from the beginning to the last step on your journey.' The company has a network of over 140 vetted professionals across Panama. They offer free 30-minute consultations to help you determine the best lifestyle area for your needs. Their headquarters are inside the Waldorf Astoria Hotel in Panama City, and they also have an information desk at the Hilton on Avenida Balboa. Nalini Navarro (CEO) and Austin Hess (COO) personally oversee the client experience, ensuring that buying real estate in Panama is smooth and secure.

Compared to other capital cities in the Americas, Panama City offers relatively affordable luxury real estate. According to Numbeo (2025), the average price per square meter in Panama City for an apartment in the city center is around $2,200 – $2,800. This home works out to about $144 per sq ft ($1,550 per sq m), which is below the city-center average, especially considering it's a detached single-family home in a gated community. For retirees and expats, the low cost of living combined with high-end properties makes Panama an attractive option. International Living’s 2025 Global Retirement Index ranks Panama high for its retiree benefits, including discounts on healthcare and utilities.