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🇵🇦Panama · Price tier
Homes in Panama under $500K
$500,000 in Panama is solidly upscale. Penthouses in Panama City's Punta Pacífica and Costa del Este, oceanfront condos with private beach access, large estate homes in Altos del María, and premium beachfront houses in Playa Venao or Bocas del Toro. Panama has no capital gains tax on property held more than 2 years, making it attractive for long-term investors. Friendly Nations Visa allows Americans (among 50 countries) to gain residency through a property purchase of $200K+ or starting a business — a common strategy at this tier.
Listings
7,247
Median price
$229K
Cities covered
27
Avg size
1662 m²
Visa & residency
Friendly Nations Visa — available to US citizens with professional/economic ties to Panama. Requires employment, $200,000 real estate investment, or $200,000 bank deposit. Grants 2-year provisional residency, then permanent. Pensionado Visa — for retirees with $1,000+/mo pension, extensive senior discounts on flights, restaurants, and utilities.
Read the full Panama guide →60 listings under $500K
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All Panama listings →Updated 2026. Listings refresh weekly.