Costa del Este
Near the airport, this is a suburban area, fast growing with its own grocery stores, schools and other services.
Created in 1995, it is one of the largest and most exclusive developments in the city. Its design meets first world standards like residential areas with restricted access, underground wiring, and its own water processing plant. There are homes and a few high rise projects.
In residential terms, it is the second highest valued property area in Panama City. The Balboa Avenue takes the first place.
Punta Pacífica
A high-end area on a landfill peninsula that extends into the Pacific Ocean. This exclusive neighborhood is next to lavish malls, high rent offices and is home to the most luxurious high rise condos and hotels in Panama with fantastic sea views. Examples include the Ocean Club International Hotel and Tower (formerly Trump Ocean Club International Hotel and Tower).
There’s a select development project in this area: The “Ocean Reef Islands” and it features two artificial islands.
It’s geared towards an upscale market interested in exclusive condos. This massive project has world-class amenities, a high-end marina, and even helipads.
Punta Paitilla
Next to and similar to Punta Pacífica, but older and with fewer new offerings, mostly resales. Luxury condos and developed neighborhood has some condo re-sales with fantastic views of the city and ocean. It has amenities like close-by malls, hotels like the Radisson and Hard Rock Hotel Panama Megapolis, and the Paitilla Medical Center.
Balboa Avenue
The banking along the main ocean side boulevard that is the heart of Panama City. Home of Panama’s business elite. Skyscraper offices and condos offer towering views of the Pacific and Casco Viejo.
Casco Viejo
The magnificent antique part of town where French influence is clear among these lovely facades. There’s so much talk about the potential of this fabulous area that is still being renovated by foreign and local investors alike.
Casco Viejo was a slum some years ago. Now, Casco Viejo is an evolving gentrification project and the hippest night spot in the city.
The Spanish-, French-, and American-colonial structures here, a world-class UNESCO-protected collection of buildings, renovated into private homes, condos, restaurants, bars, art galleries, and shops. The whole place now is encircled by a highway suspended above the water.
Amador Causeway
Nightlife, boating and tourism area, home to projects that are excellent investment opportunities. This area stretches out to the sea and greets ships as they enter the Canal. Sweeping views return to the mainland city and Casco Viejo.
Another spot in Panama City that should be on any nature lover’s list is the newly opened Biomuseo, at the base of the Causeway.
Designed by architect Frank Gehry, the Biomuseo has a contemporary structure in the category of the Pompidou Museum in Paris.
Plus, the museum’s exhibits feature Panama’s biodiversity and is curated by the Smithsonian Institution, and the University of Panama.
Albrook
This is a former military (Air Force) base converted to a residential area with homes and large yards. It features renovated former officer’s homes, newly constructed houses, and condos.
Residents in this area enjoy greenery and a country feel, despite being just minutes from the city.
Clayton
A former military (Army) base home to the “City of knowledge” or Ciudad del Saber. Nice rural housings, lots of green areas and a slower, more residential suburban feeling that’s preferred by many families and retirees.
El Cangrejo
This residential neighborhood with small parks and several new high rise condos under construction. Great for those looking to invest in rentals. El Cangrejo epitomizes urban life in Panama.
The neighborhood itself is at once fascinating, exciting and slightly intimidating. All manner of people pops up in El Cangrejo. This neighborhood has it all: With its active nightlife of clubs, pubs, concerts, casinos, cafés, and theaters, there is a little something for everyone.
El Cangrejo, which translates to English as “the crab,” is so named because the layout of its streets somewhat resembles the shape of a crab. Founded in the 1950s by Jewish residents, at the time it was the most modern and exclusive neighborhood in Panama City.
It took on a more diverse makeup in recent years, as the Jewish community moved to the Punta Pacífica and Costa del Este.
The legacy of the Jewish community is present thru memorials to the great Albert Einstein in and around the area. This includes a giant statue of his head and both a plaza and a clinic named after him.
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