106
Listings at US$750,000 or more
69
Listed at US$1 million or more
US$22.5M
Highest asking price in our listings
$0
Agent commission paid by buyers
Buying Luxury Property in Panama
What US$750,000 and up buys today
In short: we currently have 106 listings at US$750,000 or more, and 69 of them ask US$1 million or more. 40 are condos and penthouses, almost all in Panama City; 35 are houses and villas, mostly on the Pacific beaches, in Costa del Este and Santa María, and in Boquete; the rest are land, ranches, islands and commercial buildings.
At this level you are paying for things a standard listing can’t offer: a high floor with an unobstructed view of the bay, a private pool on the sand, several hectares of garden in the mountains, or a gated street where every neighbour has a family and a driver. Quality varies a lot between buildings and builders, so the right adviser matters more than at any other price.
Looking for an apartment rather than a house? See all condos for sale. For a home on the sand, see beachfront property, and if you plan to live here, read our guide to residency by investment.
Luxury Homes, Condos and Estates for Sale in Panama
Every listing here asks US$750,000 or more, shown with the highest price first. Choose a property for details, photos and pricing, or tell us what you want and we will send a private shortlist, including homes that are not advertised.
Luxury Prices by Region
Taken from our 106 listings at US$750,000 or more. These are asking prices as of October 2026, not closed sales.
Panama City (49 homes): 38 condos and penthouses from US$750,000 to about US$2.2 million, and 11 houses in Costa del Este, Santa María, San Francisco and El Carmen from US$850,000 to US$2.3 million
Pacific beaches: Coronado, San Carlos, Chame, Gorgona and Playa Blanca (15 homes): mostly houses and villas, from US$750,000 to US$7.5 million
Boquete (5 homes): mountain houses and estates from about US$873,000 to US$1.58 million
Azuero Peninsula: Playa Venao, Los Destiladeros and Pedasí (5 homes): beach houses and condos from US$750,000 to US$2.8 million
Bocas del Toro : island and estate listings, including the highest asking price on our books at US$22.5 million
By type, across all regions: 40 condos and penthouses, 35 houses and villas, 19 land, ranch and farm listings, and 12 commercial and investment properties.
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All luxury listings in Panama (US$750,000+)
Types of Luxury Property in Panama
From city penthouses to private islands, here is what the top of the market looks like and who each type tends to suit.
01
Penthouses
The top floors of Panama City towers, often with double-height living rooms, private terraces or a rooftop pool. The view, the floor and the building’s reputation drive the price more than the size.
02
Ocean-View Condos
Large three- and four-bedroom apartments facing the bay in Punta Pacífica, Paitilla, Coco del Mar and Avenida Balboa, with concierge, security and private elevator lobbies in the best buildings.
03
Beachfront Villas
Houses on or near the sand on the Pacific coast and the Azuero Peninsula, many with pools and guest houses. Check the coastal setback, title and access before you fall in love with the view.
04
Gated-Community Homes
Family houses in Costa del Este and Santa María, with security, parks and schools nearby. These are the most popular choice for families relocating with children.
05
Mountain Estates
Homes on large plots in Boquete and the highlands, with gardens, coffee or fruit trees and long views. Ask about water rights, road access and the cost of keeping the grounds.
06
Colonial Buildings
Restored apartments and whole buildings in Casco Viejo. Heritage rules control renovations, so get the permits and the building’s history checked before you buy.
07
Islands and Large Estates
Private islands in Bocas del Toro, ranches and large coastal holdings. These need the most due diligence, especially on the type of title and the boundaries.
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Not Sure Which Suits You?
Tell us your budget and how you will use the property, and we will send a private shortlist of homes and buildings to compare.
Where Luxury Buyers Look in Panama
Most of the high end is in a handful of Panama City neighbourhoods and a few stretches of coast and mountain. These are the areas where we have listings at US$750,000 or more today. Tell us how you will use the property and we will suggest two or three to compare.
Also see: Punta Paitilla · Panama City guide · Bocas del Toro · Islands for sale · Land for sale
Santa María
A gated golf community on the east side of the city, with large apartments and family houses. 17 condos and homes listed, from US$825,000 to US$2.2 million.
Best for: families who want a house or a big apartment with security
Costa del Este
A planned waterfront district with wide streets, international schools and newer towers. 15 condos and houses listed, from US$775,000 to US$2.3 million.
Best for: families and executives
Punta Pacífica and Punta Paitilla
Tall towers on the tip of the bay, close to the main hospitals and the financial district, with the classic skyline views. 5 condos listed, from US$750,000 to about US$1.5 million.
Best for: buyers who want a view and a short drive to everything
Coco del Mar
A quiet, mostly residential area by the water, between Punta Paitilla and San Francisco. 4 condos listed, from US$825,000 to US$1.2 million.
Best for: buyers who want calm streets close to the centre
Casco Viejo
The restored colonial old town, a UNESCO World Heritage Site, with renovated apartments and whole buildings. 3 listings from US$885,000 to US$3.5 million.
Best for: buyers who want character and walkable streets
Pacific Beaches
Coronado, San Carlos, Chame, Gorgona and Playa Blanca, about 1 to 2 hours west of the city. 15 homes listed, from US$750,000 to US$7.5 million.
Best for: weekend homes and beachfront living
Boquete
Mountain houses and estates in the Chiriquí highlands, with cooler weather, gardens and valley views. 5 homes listed, from about US$873,000 to US$1.58 million.
Best for: retirees and buyers who want space and a cooler climate
Azuero Peninsula
Playa Venao, Los Destiladeros and Pedasí on the quieter Pacific coast to the south. 5 homes listed from US$750,000 to US$2.8 million, plus large coastal land holdings.
Best for: buyers who want privacy and an empty beach
Why Buyers Choose Panama at the Top End
Equal Ownership Rights
Foreigners can own titled property with the same rights as Panamanians, in their own name or through a Panamanian corporation or private interest foundation.
The US Dollar
Panama uses the US dollar, so there is no currency risk for dollar buyers, and prices, mortgages and rents are all quoted in dollars.
An Easy Hub to Reach
Tocumen International Airport has direct flights from North America, Europe and across Latin America, so a home here is easy to visit and easy to leave.
A Route to Residency
A property purchase at this level can support an application under Panama’s Qualified Investor residency. Ask us and an immigration attorney which option fits you.
Privacy and Structure
Many high-end buyers hold property through a corporation or foundation for estate planning and privacy. An independent attorney can set this up before closing.
A Lifestyle Hard to Match
Within an hour or two of a modern city you have Pacific beaches, islands, rainforest and cool mountain towns, with year-round warm weather outside the hurricane belt.
Buying at the Top End
Three things that matter more at this price level than anywhere else in the market.
HOA Fees and the Reserve Fund
Luxury buildings carry higher monthly fees for staff, security and amenities. Ask for the current fee, the reserve fund balance, any special assessments and the minutes of recent owners’ meetings.
Pre-Construction or Resale
New towers offer payment plans and finishes you choose, but you wait and carry the builder’s risk. Check the track record, the completion date and the delay terms, and compare with finished units nearby.
Source of Funds
Banks and attorneys in Panama must verify where the money comes from. Have bank statements and supporting documents ready, and send funds from an account in your own name or your company’s.
Costs to Factor In
The price is only part of the budget. Plan for these as well.
HOA Fees
Monthly, and higher in buildings with full-time staff, concierge and large amenities. Ask what the fee covers and when it last went up.
Insurance
The building insures the structure and common areas; you insure your unit’s contents and, for a house, the whole property.
Property Tax
Annual and progressive, so it matters more at this level. A registered primary residence gets an exemption up to a set value.
Transfer Tax
Panama’s 2% transfer tax is customarily paid by the seller. Buyers pay no agent commission.
How We Help You Buy Luxury Property in Panama
We work for you as the buyer, in English and Spanish, alongside independent attorneys, inspectors, banks and property managers. Meet our team or see how we work with buyers.
STEP 1
Brief
Tell us how you will use the home and we shortlist the neighbourhoods and buildings.
STEP 2
Private Viewings
We arrange viewings in person or by live video, including homes that are not advertised.
STEP 3
Offer
We help you compare value, negotiate the price and agree the terms.
STEP 4
Due Diligence
Your own attorney checks the title, liens, permits and the building’s finances.
STEP 5
Close
You sign at a notary, the deed is registered and we help with handover and management.
Panama Luxury Real Estate FAQ
What counts as luxury real estate in Panama?
On this page we use US$750,000 and up. We currently have 106 listings at that level, 69 of them at US$1 million or more, from city penthouses and ocean-view condos to beachfront villas, mountain estates and private islands. These are asking prices from October 2026, not closed sales.
How much does a luxury condo in Panama City cost?
Our 38 Panama City condos and penthouses at US$750,000 or more ask from US$750,000 to about US$2.2 million. Penthouses and large ocean-view units in Punta Pacífica, Paitilla, Santa María and Costa del Este sit at the top, and the monthly HOA fee rises with the building’s staff and amenities.
Where are the best areas for luxury property in Panama?
In Panama City, buyers look at Santa María, Costa del Este, Punta Pacífica, Punta Paitilla, Coco del Mar and Casco Viejo. Outside the city, the main areas are the Pacific beaches around Coronado and San Carlos, Boquete in the mountains, and Playa Venao, Los Destiladeros and Pedasí on the Azuero Peninsula.
Can foreigners buy luxury property in Panama?
Yes. Foreigners have the same property rights as Panamanians and can own titled property in their own name or through a Panamanian corporation or foundation. Some land near borders and on certain islands has restrictions, so use an independent attorney to check the title before you buy.
Does buying luxury property give me residency in Panama?
A purchase at this level can support an application for Panama’s Qualified Investor residency, which has a minimum investment in real estate and other requirements. The rules change from time to time, so confirm the current terms with an immigration attorney before you buy.
What taxes apply when buying and selling?
The 2% transfer tax is customarily paid by the seller, and there is an annual property tax with an exemption for a registered primary residence up to a set value. When you later sell, 3% of the sale price is withheld as an advance on capital gains tax.
Do buyers pay a commission?
No. As a buyer you pay no agent commission when you buy through us; the seller pays it. Your own costs are mainly your attorney, notary and registry fees.
About This Guide
Written by Ken Norton, founder of Panama Properties, a licensed buyer’s brokerage. Our team works across Panama City, the Pacific beaches, Boquete and the Azuero Peninsula, viewing homes, checking buildings and showing buyers around, alongside independent attorneys, inspectors and property managers. Figures reflect our 106 current listings at US$750,000 or more and were last reviewed in October 2026.
Ready to Find Your Luxury Home in Panama?
Tell us your budget, the areas you like and how you will use the property. We can show you homes privately in person or by live video, including properties that are not advertised, and help you compare new and resale.
Message us on WhatsApp at +507 6169-2453. Buyers pay no agent commission.
Panama Properties
Unit 1 Plaza Pedasí (Super Pedasí Plaza)
Pedasí, Los Santos 7401, Panama
WhatsApp: +507 6169-2453
Email: ken@panama-properties.com