What a great group we had for the May 2014 tour! By the end of the first day everyone was best friends. The ‘all you can drink free booze’ at the exotic tropical resort we stayed at on the Pacific Ocean may have contributed to that. :))
Once again, we were honored to have Richard Detrich, author of The NEW Escape to Paradise, join us for the whole tour. He is far left on the photo above. He has lived in Panama 10 years and adds a wealth of knowledge to the Panama Relocation Tours.
Bob Adams of Retirement Wave also joined us for an entire evening and for breakfast at the resort. Bob has travelled the world for 40+ but chose Panama as his home about 10 years ago. He was joined by his business partner Jeff Lane, a 37 year old who has lived in Panama 6 years. They shared why they like living in Panama City and many gems of information to make relocating to any foreign country easier.
This month we toured more homes than usual. Keep in mind, this is NOT a real estate buying tour. We do not try to “sell” you anything but we know you want to see what houses for sale and houses for rent look like in Panama so we show you properties in several different areas. We don’t see homes every day but we do try to show you a variety of price points during the tour.
We saw several properties near Coronado and Gorgona. Instead of looking at the usual houses within the gated community near the beach, we toured a brand new community just 10 minutes west of Coronado. It is not on the beach but very near. The construction was top of the line and the prices are considerably more affordable than Coronado. This home is only $249,000. An equivilent home (if you could find one) in Coronado would be $349,000. You can see more details about this community at Azura Panama. If you are not living there full time, they can also handle property management for you.
Then we saw a condo complex under construction about 15 minutes west of Coronado. Sorry I did not take pictures. They had one model but the rest was all under construction. The sales lady told us there would be a pool here or a club house there, etc. It may happen – but it may not. Builders come and go in Panama. Some go in the middle of the night with all the money you paid for a deposit to have your house built. So, it is better to only buy what you can see today. If the other amenities happen that’s great but you should not count on them.
Several people from previous tours who have already moved to Panama invited us to see their house. Bob and Marilyn Anderson from Colorado were renting an $800 per month house in Alto Boquete but they recently moved in to a great rental in Santa Lucia, a suburb of Boquete Panama. Santa Lucia is about 4 km to downtown Boquete. Their house is a 3 bedroom 2 bath with great views in all directions. It is fully furnished 2400sf, has top knotch finishes, and rents for $1100 per month which includes all utilities.
Next we visited a rental property in Volcancito. It is a 2 bedroom, 1 1/2 bath, fully furnished house with spectacular views. It rents for $750 per month and that includes all utilities and yard maintenance. You can see more photos and details at Zen Garden Rentals.
We also visited Susan and Pat Ferrals Organic Farm, Finca Terra Pura. They have a one bedroom Casita for rent. It is fully furnished but unique because it also includes fresh organic eggs and organic produce from their massive garden. It rents for $800 per month which is all-inclusive. This is also in Volcancito but a little higher up ( arriba). The views from this casita are incredible!
*note — This casita was recently rented but it will be available again in August 2014
On Wednesday, before we headed to the other side of Volcan Baru, we stopped by Valle Escondido to see a friends house. She is back in the USA until January so her 4000sf, three bedroom, fully furnished house is for rent for only $1995 per month. This price includes all utilities and use of the golf course, indoor swimming pool and the fitness center.
Before having lunch in Volcan, we headed north to Cerro Punta where “Soup” and Sue Campbell live. They were on our February 2013 tour then relocated to Panama in September 2013 from Fairbanks Alaska. They are renting a two bedroom, two bath home on a flower farm. Cerra Punta is at almost 7,000 feet and one of the most beautiful places in Panama. It is also where most of the produce in Panama is grown.
Soup’s advice — “Leave your expectations at home!”
Life will be different in Panama. You will need to reevaluate your priorities. Most people discover that they can live BETTER for Less in Panama. The photo below is Soup and Sue Campbell’s home in Cerro Punta.
See their view!
There is something for everyone’s budget in Panama. Come see if it’s right for you! Join us for a Panama Relocation Tour!