The Best Neighborhoods in Panama City

Panama City, with a population of less than one million, might appear modest in size for a capital, but its cultural richness renders it remarkably lively. Spanning from historic quarters to contemporary hubs, discover the 8 trendiest neighborhoods in Panama City, each reflecting diverse coexisting realities.


Punta Pacifica: Every Investor’s Dream

Punta Pacifica, a cosmopolitan hub, attracts a diverse populace seeking luxury living. With towering skyscrapers and artificial islands reminiscent of Dubai, it’s Central America’s epitome of opulence. Renowned for upscale residences offering ocean panoramas, including the prestigious Residences, it commands high property values and rental rates, making it a coveted residential locale with unique attractions.


  • Ideal for: Professionals, Families, and those seeking Luxury Lifestyles
  • Typical property price range: $300,000 – $1,500,000
  • Standout Landmarks: Multiplaza Pacific Mall, Punta Pacifica Hospital, and Ocean Reef Islands



Costa del Este: Luxury by the Coast

Costa del Este stands as a contemporary, meticulously designed residential area situated on the outskirts of Panama City. Boasting picturesque parks, excellent educational institutions, modern infrastructure, corporate presence, and proximity to the coast, attracting both residential and commercial interests. With luxurious residential buildings like The Nogal, P.H. The Regent, and upscale complexes, it guarantees comfort and exclusivity.

  • Ideal for: Families, Professionals, and Outdoor Enthusiasts
  • Typical property price range: $300,000 – $1,000,000
  • Standout landmarks: Town Center Mall, Costa del Este Park, and Avenida Paseo del Mar



Santa Maria: A Premier Golf Destination

Santa Maria offers luxury living in a gated community, blending innovation with nature for an unmatched lifestyle. It features high-rise apartments, townhouses, and renowned luxury residences like LA MAISON by Fendi Casa and Empire Residences. Enjoy stunning city and golf course views. The Santa Maria Golf & Country Club offers top-notch golfing and sports activities. With nearby business hubs, it’s perfect for professionals seeking convenience.


  • Ideal for: Golf Enthusiast, Professionals and Family
  • Typical property price: $300,000 – $1,500,000
  • Standout landmarks: Santa Maria Golf and Country Club, Atrio Mall, Mestizo



Casco Viejo: The Old Quarter of Panama City

Casco Viejo boasts charming colonial-style architecture, colorful buildings, and historic sites, including churches and monuments. Situated along Panama’s Pacific Coast, it offers breathtaking ocean and city skyline views. Revitalization efforts have made it culturally diverse, attracting new businesses, luxury hotels, and embassies, driving up property values. Its UNESCO status limits new construction, preserving its historic character.

  • Ideal for: History buffs, Art lovers, and Nightlife Enthusiasts
  • Typical property price: $250,000 – $700,000
  • Standout landmarks: Metropolitan Cathedral, Plaza de la Independencia, and Teatro Nacional



San Francisco: Chic Metropolis Area

San Francisco offers excellent connectivity and diverse real estate options. Its strategic location near financial and shopping districts enhances its appeal. With new residential and commercial projects, it attracts interest from buyers and renters, providing investment opportunities for residents and expatriates.

  • Ideal for: Families, Young Professionals, and Social Butterflies
  • Typical property price: $200,000 – $750,000
  • Standout landmarks: Parque Omar, Multiplaza Pacific Mall, and Atlapa Convention Center


real estate san francisco panama city panama


El Cangrejo: Panama City’s Trendiest Neighborhood

El Cangrejo has surged in popularity lately, owing to its distinctive architecture, vibrant street art, and an array of shops, eateries, and bars. Its name originates from its crab-like street layout. It’s a haven for expats, with diverse residents and a strategic location near the city center and green spaces. Offering varied housing options, including The P.H. Van Gogh, it’s favored for its affordability, making it ideal for those who seek a vibrant urban lifestyle with cultural diversity.


  • Ideal for: Young Professionals, Artists, and Foodies
  • Typical property price: $150,000 – $600,000
  • Standout landmarks: Via Argentina, Andres Bello Park, and Einstein Head Monument



Marbella: Coastal Charm meets Urban Elegance

Marbella in Bella Vista offers a prime location, with stunning views of the Pacific Ocean and easy access to Panama City. It’s a hub featuring luxury condos like Panoramic Residences. Enjoy shopping at Soho Mall, dining, parks like Urraca Park, and cultural sites like the Panama Museum of Art and Panama Canal Museum. Beaches like Veracruz Beach are also nearby.


  • Ideal for: Professionals, Luxury Living, and Foodies
  • Typical property price: $300,000 – $800,000
  • Standout landmarks: Cinta Costera, Soho Mall, and Iglesia Del Carmen


marbella panama city


Obarrio is near Panama’s financial hub. It’s a vibrant blend of commercial and residential spaces, ideal for living and working in Panama City. Obarrio’s appeal lies in its central location and family-friendly atmosphere. Known for the F&F Tower, it attracts young professionals and expats with its amenities and dining options like Barrio Pizza and Lume Bistro.


  • Ideal for: Families, Young Professionals, and Foodies
  • Typical property price: $200,000 – $600,000
  • Standout landmarks: Soho Mall, Iglesia del Carmen, and Parque Andres Bello


obarrio panama city panama real estate investing



In conclusion, Panama City presents a variety of neighborhoods, each boasting its own distinctive allure and attraction. Whether it’s the rich history of Casco Viejo or the luxurious ambiance of Punta Pacifica, there exists a neighborhood catering to diverse lifestyles and financial preferences. By exploring the eight best neighborhoods highlighted in this article, you can gain a deeper appreciation for the multifaceted allure of Panama’s capital. So, venture forth and discover the neighborhood that best suits your lifestyle and preferences in this vibrant metropolis.

Share This Post!

Related Articles

Expert Industry Insights

Stay up to date by following us on social media

Don’t miss out on exclusive content, newest deals, and updates by following us on social media. Connect with us on Facebook, Twitter, and Instagram to stay up-to-date with the latest happenings in the world of real estate and cryptocurrency!

Most Popular