The 10 Best Neighborhoods in Panama City, Panama

The 10 Best Neighborhoods in Panama City, Panama

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As a real estate and content writing expert, I’ve had the pleasure of exploring and experiencing the diverse neighborhoods of Panama City, Panama. In this article, I’ll share my insights on the 10 best neighborhoods in this vibrant city, perfect for US real estate investors, homeowners, first-time home buyers, and real estate agents. So, let’s dive in!

1. Casco Viejo

Rich in history and culture, Casco Viejo is the city’s historic district. With its cobblestone streets, colonial-era buildings, and lively plazas, it’s no wonder this neighborhood is a UNESCO World Heritage site. Casco Viejo is perfect for those who appreciate art, history, and a vibrant nightlife scene.

  • Great for: History buffs, art lovers, and nightlife enthusiasts
  • Average property price: $250,000 – $500,000
  • Notable attractions: Metropolitan Cathedral, Plaza de la Independencia, and Teatro Nacional

2. Punta Pacifica

Punta Pacifica is an upscale neighborhood known for its luxury real estate and stunning ocean views. With its modern high-rise buildings, exclusive shopping centers, and proximity to the city’s financial district, Punta Pacifica is ideal for professionals and families seeking a luxurious lifestyle.

  • Great for: Professionals, families, and luxury living
  • Average property price: $300,000 – $1,000,000
  • Notable attractions: Multiplaza Pacific Mall, Punta Pacifica Hospital, and Ocean Reef Islands

3. Obarrio

Obarrio is a bustling commercial and residential neighborhood, offering a mix of modern and traditional Panamanian living. With its wide range of restaurants, shops, and parks, Obarrio is perfect for those who enjoy a lively atmosphere and a strong sense of community.

  • Great for: Families, young professionals, and foodies
  • Average property price: $200,000 – $400,000
  • Notable attractions: Soho Mall, Iglesia del Carmen, and Parque Andres Bello

4. Costa del Este

Costa del Este is a modern, master-planned community located just outside of Panama City. With its beautiful parks, top-notch schools, and impressive skyline, this neighborhood is perfect for families and professionals seeking a suburban lifestyle with easy access to the city.

  • Great for: Families, professionals, and outdoor enthusiasts
  • Average property price: $300,000 – $800,000
  • Notable attractions: Town Center Mall, Costa del Este Park, and Avenida Paseo del Mar

5. San Francisco

San Francisco is a diverse and vibrant neighborhood, offering a mix of residential, commercial, and recreational spaces. With its numerous parks, shopping centers, and dining options, San Francisco is perfect for those who enjoy an active and social lifestyle.

  • Great for: Families, young professionals, and social butterflies
  • Average property price: $200,000 – $500,000
  • Notable attractions: Parque Omar, Multiplaza Pacific Mall, and Atlapa Convention Center

6. El Cangrejo

El Cangrejo is a lively and eclectic neighborhood, known for its bohemian atmosphere and diverse dining scene. With its mix of residential and commercial spaces, El Cangrejo is perfect for those who enjoy a vibrant, walkable neighborhood with a strong sense of community.

  • Great for: Young professionals, artists, and foodies
  • Average property price: $150,000 – $300,000
  • Notable attractions: Via Argentina, Andres Bello Park, and Einstein Head Monument

7. Balboa

Located along the Panama Canal, Balboa is a historic neighborhood with a strong maritime heritage. With its lush green spaces, charming architecture, and close-knit community, Balboa is perfect for those who appreciate a quieter, more laid-back lifestyle.

  • Great for: History buffs, nature lovers, and retirees
  • Average property price: $200,000 – $400,000
  • Notable attractions: Balboa Yacht Club, Administration Building, and Miraflores Locks

8. Clayton

Clayton is a peaceful, family-friendly neighborhood located near the Panama Canal. With its excellent schools, parks, and recreational facilities, Clayton is perfect for families and professionals seeking a suburban lifestyle with easy access to the city.

  • Great for: Families, professionals, and nature lovers
  • Average property price: $250,000 – $600,000
  • Notable attractions: City of Knowledge, Metropolitan Natural Park, and Summit Botanical Gardens

9. Marbella

Marbella is an upscale neighborhood located in the heart of Panama City. With its luxury real estate, high-end shopping centers, and fine dining options, Marbella is perfect for those seeking a sophisticated urban lifestyle.

  • Great for: Professionals, luxury living, and foodies
  • Average property price: $300,000 – $800,000
  • Notable attractions: Cinta Costera, Soho Mall, and Iglesia Del Carmen

10. Albrook

Albrook is a tranquil, residential neighborhood located near the Panama Canal. With its lush green spaces, excellent schools, and close-knit community, Albrook is perfect for families and retirees seeking a peaceful lifestyle with easy access to the city.

  • Great for: Families, retirees, and nature lovers
  • Average property price: $200,000 – $500,000
  • Notable attractions: Albrook Mall, Summit Botanical Gardens, and Metropolitan Natural Park

FAQs

Q: What is the cost of living in Panama City, Panama?

A: The cost of living in Panama City is relatively affordable compared to major US cities, with lower housing costs, affordable healthcare, and inexpensive public transportation.

Q: Is Panama City safe for expats and tourists?

A: Panama City is generally safe for expats and tourists, but like any major city, it’s important to take precautions and be aware of your surroundings, especially in crowded or unfamiliar areas.

Q: What is the best time to visit Panama City?

A: The best time to visit Panama City is during the dry season, which typically runs from mid-December to mid-April, when the weather is sunny and pleasant.

Conclusion

In conclusion, Panama City offers a diverse range of neighborhoods, each with its unique charm and appeal. From the historic Casco Viejo to the upscale Punta Pacifica, there’s a neighborhood to suit every lifestyle and budget. As an experienced expert on the subject, I hope my first-hand experiences and insights have provided valuable information for US real estate investors, homeowners, first-time home buyers, and real estate agents looking to explore the vibrant neighborhoods of Panama City, Panama.

Kurby Team

The Kurby Content Team is a diverse group of seasoned real estate experts dedicated to providing insightful, reliable information for homebuyers, real estate investors, and real estate agents. With backgrounds ranging from real estate brokerage, property investment, and residential home buying, our team combines decades of experience with a passion for demystifying the real estate world. We at Kurby are committed to helping you make informed, successful real estate decisions. Whether you're a first-time homebuyer, a seasoned investor, or a real estate professional, count on the Kurby Content Team to deliver the most relevant, actionable real estate content you need.