White Tower
Panama City, Panama
Guide Price
$370,000
370,000 USD
PROPERTY TYPE
Condo
BEDROOMS
2
BATHROOMS
2
Description
Hermoso apartamento de 137 M2, Ubicado en , Ave. Balboa 2 Recamara 2 Baños Balcon con vista al mar Sala comedor Cocina Lavanderia EDIFICIO: - Una torre de 62 pisos.
- Estacionamientos de visitas y depósito.
- Ubicado en una de las áreas mas importantes en desarrollo de la ciudad de Panamá. AREA SOCIAL: - Piscina - jacuzzi - hall de recepción - spa - salón de eventos - área recreativa para niños y mucho mas... EL PROYECTO - Edificio con 62 Pisos - 196 apartamentos - cuatro apartamentos por piso - cuatro elevadores - Elegante y moderno Lobby - Área Social Detalles de la Comunidad 24 horas seguri
Location
Open in Google MapsLiving in Panama City
The US dollar is the currency here, which eliminates exchange rate headaches entirely -- and living costs run 35-50% less than comparable US cities. Modern high-rises in neighborhoods like Punta Pacifica and Costa del Este feel like Miami, with US-trained doctors and familiar American chains everywhere. One of the easiest residency programs in the world (Friendly Nations visa), though traffic is brutal and the humidity is relentless.
Morning coffee overlooking the Pacific, an afternoon thunderstorm that resets the heat, and the strange comfort of paying for everything in dollars while howler monkeys scream from the trees.
Visa
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.
Learn more: The Complete Guide to Moving to Panama→Key Fact
Panama uses the US dollar, has no income tax on foreign-earned income, and offers a Pensionado program with extensive senior discounts (flights, restaurants, utilities). It is the most tax-friendly destination on this list for US expats.
Learn more: Retiring Abroad on Social Security→Panama at a glance
How Panama scores for American expats
Cost of buying in Panama
Estimated fees and ongoing costs for this property
Closing Costs
3-5% of purchase price
- ·Transfer tax: 2%
- ·Registration: 0.3%
- ·Legal fees: $1,500-3,000
- ·Title search: $300-500
Annual Costs
Property Tax
0% for first 5-20 years on new construction (tax exemption), then 0.5-1%
Insurance
$400-1,000/yr
HOA / Condo Fees
$100-400/mo for condos
Good to Know
Agent Fees
Seller pays (5%)
Foreign Buyer Note
No restrictions on foreign buyers. One of the most buyer-friendly countries. Tax exemptions on new construction are a major advantage.
Legal help in Panama
Hire your own attorney — not the seller's. We'll match you with a vetted local lawyer.
Need a local attorney in Panama?
We'll connect you with an independent, English-speaking real estate attorney experienced with foreign buyers. Not the seller's lawyer — yours.
Contact Agent
Met Living
Next steps for moving to Panama
Interested in this property? Here's how to move forward.
Understand the buying rules
Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.
Sort out your visa
Owning property doesn't give you the right to live there. Research residency options before you buy.
Plan your finances
Understand currency risk, international wire transfers, and whether you can get a local mortgage.
Know your tax obligations
US citizens are taxed on worldwide income. You'll need to file US taxes from abroad and may owe local taxes too.
Set up healthcare
Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.
Run the full checklist
Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.
GoGetIt.com.pa
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