Friday, January 17, 2014
It’s dry season here in Panama. We’ve got sunshine-packed days, tropical heat and not a cloud in the sky. It’s perfect beach weather. And today we’ve got the perfect beach home for you, for $119,000.
It’s in Azuero. This peninsula is home to cattle ranches and colonial villages, unspoiled beaches and secret surf spots. It’s in the Arco Seco (dry arc), a region known for its lack of rainfall. It’s free from urban sprawl, and far from big-city hustle and bustle.
You’ll see cowboys on horseback, herding cattle, and farmers in shiny new pickups. You’ll run into backpackers, surfers and sport fishermen. You’ll get a warm, friendly welcome from the locals. These folks know how to enjoy life. When it comes to throwing a party, they’re second to none. Their Carnival celebrations are the best in the country.
More expats are coming to Azuero, buying vacation and retirement homes. Many buy in Pedasi, a little town at the tip of the peninsula. It’s around a four-hour drive from Panama City. (You can also catch a round-trip domestic flight for around $200.) It’s home to only a few thousand residents but it’s got some nice amenities – boutique hotels, restaurants, cafes and bars.
The central plaza is small, clean and quaint. You can eat great Italian food, pizza from a brick oven and locally-caught fish. One of my favorites is Dulceria Yely, where you can get home-made cake, tasty empanadas and a juice drink made from local berries.
Thirty minutes west of Pedasi, Playa Venao is one of Panama’s top surf spots. It’s got a surf camp and an eco-lodge. A recently opened hotel overlooking the beach charges $180+ per night for a room.
Twenty-five minutes from Pedasi and five minutes from Venao, this property is a spacious condo in an oceanfront triplex. Sliding glass doors in the open-plan living area make the most of the panoramic ocean views. But, a couple of chairs on the outside terrace and you’ve got a prime spot for relaxing with a beer or a glass of wine.
You’ve got direct access to the beach, too.
The condos come with nice finishes, including custom doors, upscale kitchen appliances and porcelain floor tiles.
The price for a 1,500-square-foot unit with two bedrooms and bathrooms is $119,000. It’s furnished and move-in ready. You can negotiate separately with the seller to buy the furniture.
That’s an attractive price for a beach condo like this – only $79 per square foot. You’d pay twice that in more popular beach locations in Panama such as Coronado. I’m sure someone will snap this condo up.
P.S. You can meet Jean Paul in person, along with a bunch of other Panama experts, including myself, at International Living’s Fast Track Panama conference this April 3-5, 2014. At this event, you’ll find out what you need to know about moving to Panama, living there, or setting up a business - everything from residency options to how to ship your household goods to the cost and quality of medical care.
And, of course, you’ll get the real skinny on Panama’s property market from myself and real estate agents like Jean Paul.
These Panama events are popular and sell out straight away. If you’d like to attend, go here now to put your name on the wait list so you can snap up a seat when the event opens for registration. You’ll also get an early bird discount of $200.
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