Nearly 2,400 m² (0.6 acre) of direct golf course frontage inside the gated, 24/7 secured Club de Golf Coronado, only one hour from Panama City. Two-story main house plus a fully independent caretaker's cottage, pool, private well, backup generator, sauna, bar, and bohio already on site.
Let's be direct: this is a renovation investment opportunity. A professional appraisal valued this property near $880,000. We are selling it now at $500,000, well below that number, because it needs work and we would rather pass the upside to the buyer who does that work. Contractors, flippers, and investors: run your own numbers, the spread speaks for itself.
But this isn't only for investors. If you're an American or Canadian retiree or expat dreaming of a forever home in Panama, or a family looking for a spacious property near the beach and the golf course, this is an incredible foundation to build on. Renovate it into your retirement home, your family's beach house, or your income property, and you still walk in for a fraction of what a finished golf-front estate costs in Coronado.
Roof, electrical, and plumbing all need a full inspection and likely repair or replacement. Interior and exterior need paint and a deep clean. No structural issues have been identified. We are telling you this upfront because we want the right buyer, someone who sees the bones of a golf-front estate with two separate structures on nearly 2,400 m² and knows exactly what to do with it.
THE NUMBERS
    •    Prior professional appraisal, land + construction: $881,543
    •    Prior appraisal "quick sale" value: $792,000
    •    Selling price: $500,000
    •    Selling price per square foot of total construction: about $47/sqft
    •    Even accounting for renovation cost and the years since that appraisal, the spread is significant
WHAT'S ON THE PROPERTY
    •    Approximately 986 m² (10,613 sqft) of total construction under roof across the property (main house, caretaker's house, and covered structures), on a 2,400 m² (0.6 acre) lot, per official property records
    •    Main house: approximately 412 m² (4,439 sqft) of closed living space across two floors, living room, dining room, kitchen with granite counters and island, den, 2 bedrooms plus an upstairs suite with jacuzzi, 3.5 bathrooms, maid's room, covered terrace, 2 covered parking spots
    •    Separate caretaker's house: approximately 37 m² (398 sqft) closed area, living-dining area, kitchen, bedroom, bathroom, laundry
    •    Pool, private well with water tanks, backup generator, security and camera system, sauna, bar, bohio
    •    Direct frontage on the golf course, minutes from the beach, restaurants, clinics, and the Interamericana highway
WHY THIS IS THE MOVE
    •    Perfect for American and Canadian retirees and expats seeking a forever home in one of Panama's most established gated golf communities
    •    Ideal for families wanting space, privacy, and a second income-generating structure on the same lot
    •    Ideal as a beach house: minutes from the sand, restaurants, and clinics, with the ease of a secured community
    •    Coronado's market has been recovering since 2024, with retiree (pensionado) visa approvals at record highs
    •    Short-term rental is legal here. Coronado is not subject to Panama City's 45-day minimum stay restriction
    •    Comparable finished golf-front homes in the area list well above $800,000
    •    Two livable structures on one lot: renovate and rent both, live in one and rent the other, or make it your family's private golf-and-beach retreat
Serious inquiries only. Cash buyers, contractors, retirees, expat families, and investment groups all welcome. Open to creative deal structures for the right offer, including joint venture on the renovation. Offers are subject to standard lender and trustee sign-off. Message for full property details, the 2019 appraisal, and to schedule a walkthrough. Appraisal-era photos and specs available now on request.