Own a Home with Views of the Panama Canal Zone: New Real Estate Project

Panama City is characterized by having a variety of areas to enjoy. From luxury neighborhoods to a nice walkway by the bay and historic places like Panama Viejo or Casco Antiguo, the city offers an incredible coastal lifestyle.

Nonetheless, there's a part of the capital that has yet to be explored. If you want to live near the Panama Canal, an incredible opportunity is opening up to make this dream come true.

This may not be the closest area to the city center, and it's not by the beach like other projects that we have presented before, but it opens the opportunity to live in an environment with a unique allure and a connection with a place that has made history: the Panama Canal zone.

Live Near the Panama Canal Zone: Accessing a Supreme Lifestyle and Incredible Advantages

Getting to Know the Area: Panama Canal Zone and Amador

If you still haven't visited Panama, let us tell you about its structure. It doesn't have a downtown area per se, at least not in the way European cities do, yet we can find the city center in neighborhoods like Via Argentina, Calle 50, Calle Uruguay, and Cinta Costera.

Moving away from these areas, you find Parque Omar, the largest and best park in the city, and Panama Viejo, a historic site where the ruins of the very first Panama settlement stand. Also away from the city center, you'll find places like Casco Viejo, a testimony of Panama's colonial past, and the Amador Causeway, which offers breathtaking views of the city and the ocean, and takes us closer to our article’s star area: the Panama Canal zone. 

Opportunity in the Panama Canal zone

Away from the noise and the traffic, we find a place called Amador, a residential area that's right by the ocean and that overlooks the entrance to the Canal. There are many bridges over Panama Canal, but the most stunning one is the bridge of the Americas, which is visible right from the waterfront. The ambiance is vibrant not only because of the views and the warm climate but also because this is home to a Marina and Balboa Yacht Club. People who love the sea gather here to talk about their adventures, their boats, and their plans for sailing away across the almighty Pacific.

In this unique environment of the Panama Canal zone, there's about to be an outstanding project of the highest quality offering both excellent residency options and investment perspectives.

Live Near the Panama Canal

This new project is unprecedented in the Panama Canal zone as it offers both a privileged location and a luxury lifestyle. Residents and visitors will be able to enjoy a co-working area, a fitness room, a spa, and a rooftop pool. As we were saying, the neighborhood is quiet and based on residential living, so gastronomic variety is not its strength.

Nonetheless, within the project, you’ll have everything you need thanks to the oceanfront restaurant and the Rooftop Bar & Lounge.

Another characteristic of the area is the access to the Contadora and Taboga ferries. If you still haven't visited us in one of our investment tours, where you can see the city with your own eyes, you probably don't know that Panama doesn't have a beach.

The options are either right outside the city, starting from Veracruz, or visiting the nearby Pacific islands of Contadora and Taboga. If you live on this project, the ferry will be right at your feet.

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Incredible Views: Nearby Area and Bridges over Panama Canal

Besides a full ocean view from the ground floor, the higher levels will have breathtaking sights, maybe the most impressive in the city. Since it will overlook the Panama Canal entry, you will be able to watch the gigantic ships passing by every 35 minutes.

One of the most distinctive and picturesque bridges in Panama is the Bridge of the Americas, which can also be part of the view you get from your bedroom or living room.

However, this strategic location will allow for more than pretty ocean views. You'll be able to enjoy the famous Cerro Ancon, or Ancon Hill, in English, a 199-meter-high hill which is one of the most iconic natural surroundings of the capital. This is officially considered a historical site in Panama, and it’s an area where protected species thrive. Another landmark that you will be able to see from your window is the Panama Convention Center, a venue that hosts some of the most relevant events in Panama City.

Live Near the Panama Canal in High-End Apartments

Those views are to be enjoyed with the greatest comfort possible, and this is part of the project's charm. You can choose from one-bedroom or two-bedroom apartments, studios, or a one-bedroom plus lock-off (one bedroom plus a separate studio). Roughly speaking, the apartment sizes range from 25 to 100 square meters. 

Excellent Rental Potential Without Compromising Flexibility

We're not finished naming the advantages of living in the Panama Canal zone through this real estate. It offers an exceptional alternative when it comes to rental perspectives. The project already has a short-term rental agreement in place, which is mandatory if you want to engage in Panama short-term rental. 

Without the corresponding permit, short-term leasing is illegal, and the permit is not that easy to get. In general, it's more convenient to obtain it right before construction because it allows the project to be designed and developed under the right conditions. Unlike a project that's already built, and that will have to make changes, a project conceived for short-term rental from the start will have significant leverage. 

Flexible Conditions

It's worth noting that the system is not based on an investment pool; this means that rental conditions are flexible. In other condos, owners have limited time frames to use their properties, but this is not the case. Owners can choose to use their property as much as they want and to rent it as much as they want. 

Nonetheless, there are certain standards when it comes to decoration and furnishing if you want to enter the rental program, but this can be included as a package at the moment of purchasing.

Disclaimer: this article is merely informative, and it doesn't constitute investment or real estate advice. The conditions and characteristics described in this article may not be 100% accurate and should be confirmed through formal consultation. Before making any important investment decisions, we recommend consulting with a certified advisor.

Live in One of the Most Exclusive Areas in Panama: Live Near the Panama Canal

If you like the Panama Canal zone, the truth is that there are not many opportunities like this one. Combining luxury amenities, supreme construction quality, amazing views, short-term rental possibilities, and flexible rental conditions, this project stands out as one of the best real estate options available today in Panama.

The Mundo team is happy to connect you with the right experts and show you the path to buying real estate in Panama. If you don't want to live near the Panama Canal, there are also options in Costa del Este, Playa Bonita, Calle Uruguay, Punta Pacifica, and Panama Pacifico. 

We encourage you to ask us about other services like opening bank accounts, establishing companies and trusts, and obtaining residency or citizenship by investment. We're here to help you with everything related to financial freedom and the right means to obtain it.

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