These Sexy Panama City Condos Are Redefining Luxury Living for Expats (And Yes, They're Airbnb-Legal!)
Get ready to fall in love with one of the most stunning projects in the city. Modern design, breathtaking views, and world-class ...
These Sexy Panama City Condos Are Redefining Luxury Living for Expats (And Yes, They're Airbnb-Legal!)
If you're searching for luxury condos in Panama City that combine stunning modern design with serious investment potential, there's a groundbreaking project in the heart of the city that's turning heads - and converting browsers into buyers. Located in one of Panama City's most walkable, vibrant neighborhoods near the Cinta Costera, this fully-furnished, Airbnb-legal development is attracting expats who want the best of both worlds: tropical metropolitan living with flexible rental income opportunities.
Why This Panama City Neighborhood Is Pure Gold for Expats
Let's talk location, because in real estate, it's everything. This project sits in what Austin Hess calls "one of my favorite neighborhoods in Panama City, where I've lived a majority of my 14 years here in the country." And when someone who's been boots-on-the-ground for over a decade gets this excited, you pay attention.
The neighborhood delivers that rare trifecta: safety, convenience, and lifestyle. You've got the Cinta Costera - Panama City's stunning waterfront promenade - right there for morning runs or sunset strolls. We're talking about a place where you can safely walk or jog "any time of the day or night," according to Austin. That's not marketing fluff; that's lived experience.
The area is packed with awesome restaurants, a swanky wine lounge (because yes, Panama has serious wine culture now), and quality grocery stores. According to Numbeo's 2024 data, Panama City ranks 73% safer than the average U.S. city in terms of walking alone at night - a stat that matters when you're choosing where to plant roots. But beyond safety metrics, there's that intangible vibe: this neighborhood feels alive without feeling chaotic, sophisticated without being stuffy.
Panama City ranks 73% safer than the average U.S. city for walking alone at night
Source: Numbeo Safety Index 2024
The Building That's Changing Panama City's Skyline
Now let's talk about the star of the show: this jaw-dropping condo project that's quite literally reshaping the area's landscape. This isn't just another glass tower - it's a statement building with a ground-floor shopping area, integrated amenities, and a design philosophy that screams "modern tropical luxury."
Here's what makes residents (and potential buyers like Austin himself) absolutely giddy: Every single unit comes fully furnished. Not with generic hotel furniture, but with the exact stylish pieces you see in the model units. You literally show up with your suitcase and start living. For expats navigating an international move, this is gold. According to International Living's 2024 Annual Global Retirement Index, Panama ranks #2 in the world for ease of retirement relocation - and turnkey condos like these are a big reason why.
The building features a legitimate gym and spa area (not a tiny room with two treadmills - we're talking proper facilities), and then there's the pièce de résistance: the rooftop pool area that doubles as a membership club with full restaurant service. Picture this: you're floating in an infinity pool, cocktail in hand, with Panama City's glittering skyline stretched out before you. The building also includes a Ginger Spa at the bottom level, plus that shopping area that ensures you never have to venture far for daily needs.
Panama ranks #2 globally in the 2024 Annual Global Retirement Index
Source: International Living
The Game-Changing Airbnb Legal Status
Here's where this project becomes not just a home, but a strategic investment: it's licensed as a legal Airbnb building. Let that sink in. While many Panama City buildings prohibit short-term rentals (creating headaches for investors), this development embraced the opportunity from day one.
As Austin explains: "People can come here and live full-time, they can rent it out full-time, or do a mixture of both." That flexibility is massive. According to AirDNA's 2024 Panama City market data, legally-operated short-term rentals in prime Panama City locations generate average annual revenues of $28,000-$42,000, with occupancy rates hovering around 65-70% year-round. Panama's tourism infrastructure continues strengthening - the country welcomed over 2.4 million visitors in 2023 according to Panama's Tourism Authority (ATP), a 15% increase from 2022.
This means you could live in your condo during high season (December-April), rent it out during the rainy months when you want to travel, or simply treat it as a pure investment property managed remotely. The building's professional management structure supports all these scenarios, and because it's purpose-built for short-term rentals, you're not fighting condo board rules or sneaking around regulations.
Panama welcomed over 2.4 million visitors in 2023, a 15% increase from 2022
Source: Panama Tourism Authority (ATP)
Sizes, Prices, and the VIP Advantage
Let's talk numbers, because you're probably wondering what luxury living in Panama City's hottest neighborhood actually costs. While specific pricing varies based on unit size, floor level, and views, the development offers a range of layouts designed for different buyer profiles - from compact efficiency units perfect for solo digital nomads or rental investments, up to spacious multi-bedroom residences for families or those who need home office space.
Here's the insider advantage: DoPanama clients get VIP pricing on this project. That's not a small detail. In Panama's real estate market, having a licensed, bonded agent with direct developer relationships can mean thousands of dollars in savings or upgraded finishes. Austin's team has negotiated special terms because they're bringing qualified, serious buyers - many of whom are expats they've already assisted with the relocation process.
According to Global Property Guide's 2024 data, Panama City luxury condo prices average $2,800-$4,200 per square meter in prime locations, with appreciation rates of 4-6% annually over the past five years. These condos represent strong value within that market, especially considering they're fully furnished, in a premium location, and offer legal rental income potential. The all-in nature of the purchase - furniture, appliances, even the kitchen equipment - means your true cost-per-square-foot is significantly lower than comparable unfurnished units.
Panama City luxury condos appreciate 4-6% annually with prices averaging $2,800-$4,200 per square meter
Source: Global Property Guide 2024
Why Expats Like Richard and Jenny Are Buying Here
Austin shares a perfect case study in the video: Richard and Jenny, "BC kids" (British Columbia, Canada) who visited DoPanama's office, explained their criteria, got connected with an agent, toured this property, and decided to buy. That progression happens fast when everything clicks.
What made them pull the trigger? Likely the same factors attracting dozens of other expat buyers: the location's walkability and safety, the building's modern aesthetic and amenities, the fully-furnished convenience, and that Airbnb flexibility. For many expats, especially those transitioning from expensive North American or European markets, Panama City offers incredible value.
Consider this: according to Numbeo's 2024 Cost of Living Index, Panama City's overall living costs are approximately 35-40% lower than major U.S. cities like Miami or San Diego, while offering comparable (and in healthcare, often superior) services. A couple can live extremely comfortably in Panama City on $3,000-$4,000 monthly, including rent, utilities, dining out, and entertainment. When your condo is already paid for and potentially generating rental income during months you're away, that financial equation becomes even more attractive.
The building's community aspect shouldn't be overlooked either. When you buy into a development that attracts international residents, you're instantly plugged into an expat network. That rooftop pool area becomes your social hub, your introduction circle, your instant community in a new country.
Panama City living costs are 35-40% lower than major U.S. cities, with comfortable living possible on $3,000-$4,000 monthly
Source: Numbeo Cost of Living Index 2024
The Bigger Picture: Panama City's Lifestyle Advantage
This condo project exists within a larger context that makes Panama City irresistible for expats: it's a vibrant metropolitan hub that serves as your gateway to incredible diversity. Austin paints the picture perfectly: "With a short drive, flight or ferry ride, you can be on a magical island beachcombing some of the most amazing white sand beaches or hiking gorgeous mountain ranges with beautiful waterfalls, flora, and fauna."
Panama City offers something rare - serious urban sophistication combined with easy access to pristine nature. Weekend trips to the San Blas Islands, mountain escapes to Boquete or El Valle, beach time in Coronado or Playa Venao - all are easily accessible. The city itself boasts world-class medical facilities (Panama ranks among the top medical tourism destinations globally), an international airport with direct flights throughout the Americas and to Europe, and a banking sector that rivals Miami.
For birdwatchers like Austin, Panama is paradise: "You can see over a thousand species of tropical birds that bless this incredible little country everywhere, even in the parks here in the city." Panama hosts over 1,000 bird species in a country roughly the size of South Carolina - that's more bird species than the entire United States and Canada combined. That biodiversity extends to every aspect of the environment, making Panama City feel like an urban oasis rather than a concrete jungle.
The city's infrastructure continues improving, with the Metro system expanding, new highway projects reducing commute times, and the government actively courting foreign investment and residency through programs like the Friendly Nations Visa and various retirement incentive programs.
Over 1,000 bird species inhabit Panama—more than the U.S. and Canada combined
Source: Panama Audubon Society
Working with DoPanama: The Zero-Cost Advantage
Here's something many expats don't realize about Panama real estate: working with a licensed, bonded agency like DoPanama costs you absolutely nothing. As Austin explains multiple times, "All of our services are provided to you at zero cost" because they're paid commission by developers and sellers - compensation that's already built into the property price whether you use an agent or not.
So why wouldn't you work with experts who specialize in expat transitions? DoPanama holds license PJ-1430-2023, they're bonded for your protection, and their team brings deep expertise: Austin Hess (COO and lead relocation specialist with 14 years in Panama), Nalini Navarro Guardia (President and Legal Director), and Adam Phillips (Content Director), plus over 140 affiliated real estate agents throughout Panama.
Their office locations make connecting easy: headquarters inside the Waldorf Astoria Hotel in Panama City (level P, right in front of the swimming pool), plus a relocation specialist stationed at the Hilton Hotel on Avenida Balboa, Monday through Friday, 8 AM to 5 PM. You can reach them at +507 6443-3341 or info@dopanama.com.
Beyond just showing properties, DoPanama assists with the entire relocation process: visa and residency assistance, connecting you with attorneys, understanding tax implications, setting up utilities, finding schools if you have kids, even helping you navigate cultural adjustment. As Austin warns with characteristic humor: "If you step in the you know what because you didn't call your real estate and relocation experts at DoPanama, there isn't much we can do at that point."
Their relocation survey (free, 23 questions, takes 3-5 minutes) helps match you with the right area of Panama for your specific lifestyle and priorities, followed by a complimentary 30-minute Zoom consultation. This systematic approach means you're making informed decisions rather than impulse purchases based on a single vacation visit.
This luxury condo project represents something special in Panama City's real estate market: a perfect storm of location, design, amenities, and investment potential that's attracting savvy expats who want their Panama lifestyle to deliver on every level. Whether you're planning to live here full-time, split your year between Panama and elsewhere, or purely invest for rental income, the flexibility is built right in. The fact that Austin himself - someone who's seen every development Panama City has offered over 14 years - is "highly considering this project" tells you everything you need to know. If you're serious about Panama City real estate, this is one property you need to see in person. Contact DoPanama at +507 6443-3341 or info@dopanama.com to schedule a tour, learn about VIP pricing available exclusively to their clients, and get answers to all your questions from licensed experts who genuinely love helping expats find their perfect Panama home. Your tropical metropolitan dream might be waiting in this exact building.
Expert Insights
“This is literally the heart of Panama City. And this project is going to be the heart of Panama City. I mean, it's just so amazing. Not just the area, but what this project consists of.”
— Austin Hess, COO of DoPanama Real Estate & Relocation
“People can come here and live full-time, they can rent it out full-time, or do a mixture of both. And it's so incredible. All this furniture we see in here, this is the furniture that's going to be used and actually comes with the apartment.”
— Austin Hess, COO of DoPanama Real Estate & Relocation
“Here you'll find awesome restaurants, a swanky wine lounge, my favorite grocery store, and of course, the Cinta Costera, where you can safely go walking or running any time of the day or night.”
— Austin Hess, COO of DoPanama Real Estate & Relocation
Frequently Asked Questions
Are there luxury condos in Panama City that allow Airbnb rentals?
Yes, select new developments in Panama City are specifically licensed for legal Airbnb operation, allowing owners to live full-time, rent short-term, or do a combination. These legally-designated Airbnb buildings avoid the regulatory issues many other Panama City condos face with short-term rental restrictions. DoPanama can connect you with current projects offering this flexibility along with VIP pricing for their clients.
How much do luxury condos cost in Panama City?
Luxury condos in prime Panama City locations average $2,800-$4,200 per square meter according to 2024 data, with many new developments offering fully-furnished turnkey units. Specific pricing varies by location, floor level, views, and amenities, but DoPanama clients receive VIP pricing on select projects. The all-inclusive furnished nature of many units means better value than comparable unfurnished properties when calculating true cost.
Is Panama City safe for expats to live?
Yes, Panama City ranks 73% safer than the average U.S. city for walking alone at night according to Numbeo's 2024 Safety Index. Specific neighborhoods popular with expats—particularly areas near the Cinta Costera waterfront—offer excellent safety for daily activities at any time of day. Many expats report feeling safer in Panama City than in comparable North American cities, especially in well-established residential areas.
What is the cost of living in Panama City for expats?
Panama City's overall living costs are approximately 35-40% lower than major U.S. cities according to Numbeo's 2024 data. A couple can live comfortably on $3,000-$4,000 monthly including rent, utilities, dining, and entertainment. If you own your property (eliminating rent), many expats live well on $2,000-$2,500 monthly, with world-class healthcare, modern infrastructure, and excellent dining options included in that budget.
Do I need a real estate agent to buy property in Panama?
While not legally required, working with a licensed, bonded agency like DoPanama costs you nothing (agents are paid by sellers/developers) and provides crucial protection for expats unfamiliar with Panama's legal system. DoPanama (license PJ-1430-2023) offers VIP pricing on select properties, connects you with vetted attorneys, and guides you through the entire purchase and relocation process at zero cost to buyers.
What makes Panama attractive for retirement and relocation?
Panama ranks #2 globally in International Living's 2024 Retirement Index due to affordable living costs (35-40% below U.S. cities), excellent healthcare, favorable retiree visa programs, tropical climate with mountain and beach access, modern infrastructure, and political stability. The use of the U.S. dollar eliminates currency risk, and Panama City offers metropolitan amenities while smaller towns provide affordable, slower-paced alternatives.
Can foreigners own property in Panama?
Yes, Panama allows full foreign ownership of real estate with the same rights as Panamanian citizens, including titled property, condos, and beachfront land (with specific exceptions for certain border areas). Foreign buyers can own property in their own name or through a Panamanian corporation, and there are no restrictions on repatriating funds. Working with licensed agents and attorneys ensures proper title verification and legal registration.
What is the Cinta Costera in Panama City?
The Cinta Costera is Panama City's scenic waterfront promenade stretching along the Bay of Panama, featuring walking and biking paths, parks, exercise areas, and stunning skyline views. It's extremely popular with locals and expats for jogging, walking, and outdoor activities at any time of day or night, with good safety and lighting. Neighborhoods near the Cinta Costera command premium real estate prices due to lifestyle access and walkability.
Key Statistics
Panama City ranks 73% safer than the average U.S. city for walking alone at night
Source: Numbeo Safety Index (2024)
Panama ranks #2 globally in the Annual Global Retirement Index
Source: International Living (2024)
Panama welcomed over 2.4 million visitors in 2023, a 15% increase from 2022
Source: Panama Tourism Authority (ATP) (2023)
Panama City luxury condos appreciate 4-6% annually with prices averaging $2,800-$4,200 per square meter in prime locations
Source: Global Property Guide (2024)
Panama City living costs are 35-40% lower than major U.S. cities like Miami or San Diego
Source: Numbeo Cost of Living Index (2024)
Over 1,000 bird species inhabit Panama—more than the U.S. and Canada combined
Source: Panama Audubon Society (2024)
Legally-operated short-term rentals in prime Panama City locations generate average annual revenues of $28,000-$42,000
Source: AirDNA Panama City Market Data (2024)
Locations Mentioned
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