Low Cost Beachfront Real Estate
You can get an ocean view condo within a 5-minute walk to the beach at the Gorgona Ocean Front Condos. Gorgona is located right next door to Coronado, about 90 minutes from Panama City. The condos aren't new or luxurious, but you can get a little over 1000 square feet, 3 bedrooms and 2 bathrooms for $135,000. Gorgona has more locals and isn't a gated community, but it has a fish market and is only 10 minutes from the grocery stores and shopping in Coronado.
Mid-Price Beachfront Real Estate in Panama
There are a lot of options for homes and condos in the mid-price range of $235,000 - $400,000. You can buy a 2-bedroom condo at the Coronado Bay Condominiums right on the beach for about $235,000. This basic rule of thumb in the condo world is the higher the condo in the building, the more expensive. Also, the more direct view of the ocean, the more expensive. So $235,000 will get you a lower floor with a partial view. The same size condo on a higher floor with a full ocean view will cost about $365,000. You can also get a furnished 14th floor 1500 square foot condo with 3-bedrooms and 2.5 bath condo with central air conditioning at Rio Mar (about 10 minutes from Coronado in a gated community) for $400,000.
High-End Beachfront Real Estate in Panama
If you've got the budget for it, the high-end properties are spectacular. You can get a 6,000 square foot beachfront compound in Gorgona that has a main house, garage, guest house, workroom and maid's quarters for the fire sale price of $899,000. You can also get a brand new 6,000 single family home on a large lot in Vista Mar for $1.4 million (about 5 minutes from Coronado).
If city living is what you're after, you can get a 4300 square foot condo with an unimpeded view of the water at the brand new Grand Tower in Panama City for $700,000. This project is right next to the highly touted Trump Tour, but at less half the cost per square meter than the Trump Tower, it's a bargain you'll want to see.