Coronado is a small gated resort community of approximately 2000 people and a maximum of 1000 housing units on the Pacific Ocean. It is  only 60 minutes from Panama City on the Inter American 4 lane highway.

 Ocean front mansions range from more than $1 to $5 million with 10,000 square foot houses. There are also smaller 800 square foot, 2 bedroom units for weekend golf on the market for as little as $75,000.

The value of an empty lot in Coronado, per square meter (one square meter equals about 10 square feet), ranges from $400 on the beach to $40 five blocks back from the beach. The minimum lot size is about a quarter acre or 10,000 square feet. Most value in a real estate transaction is attributed to the land because of the relatively low costs of construction. 

Coronado is a Planned Community

Coronado was established more than 50 years ago as a "planned community" and the same family ownership continues today with new major projects such as Alcazar, a luxury condo building with 3000 square foot units. Building permissions are obtained and zoning decisions are taken by the regional municipal offices in Chame.

The town boasts several miles of exquisite palm-studded Pacific beachfront. It offers a world class "country club" featuring an 18 hole golf course (designed by Fazio), large brand new equestrian facilities, 4 excellent restaurants, 4 tennis courts with night lighting, a luxury spa, several large swimming pools with one being an "infinity pool" on the beach, and of course excellent hotel facilities with approximately 75 units some of which are two bedroom suites. 

By owing a property in Coronado, the initiation fee and monthly maintenance costs are reduced to a very affordable level even for someone on a fixed income.

The following pictures give a flavor of this beautiful area which we chose for our personal residence.