What properties are currently available in Santa María?

The current portfolio includes Peninsula Estates (pre-construction mansions from $2,400,000), CELESTE (under construction from $623,580), The Ivy (immediate delivery penthouse from $1,060,000), and Guayacán and Bosco (under construction, price on request). Each project serves a different profile - contact me for personalized guidance.

How does pre-construction buying work in Panama?

In pre-construction, you reserve the unit with a lower initial payment and make installments during the construction phase. It's the most cost-effective way to enter the market and typically generates appreciation before delivery. The legal process is managed by my team from day one.

Is real estate investment in Santa María safe?

Santa María Golf & Country Club is historically Panama City's highest-appreciating area with consistent demand. The premium gated community, world-class infrastructure, and buyer profile of Latin American and North American investors ensure steady demand. Panama also offers legal and monetary stability (the US dollar is the official currency).

Is financing available for foreign buyers?

Yes. Panamanian banks offer financing to foreign buyers at competitive rates. The process is straightforward and I guide you alongside my legal team. Panama also has a Qualified Investor Visa program for investments starting at $300,000.

What does working with Raúl Arenas include?

Full advisory service: analysis of your goal (investment, primary residence, second home), portfolio curation, developer negotiation, legal review, and post-purchase support. If you decide to rent the property or treat it as an asset, Private Asset Management Company handles it.

Are there homes facing the Santa María golf course?

Yes. Santa María Golf & Country Club is the only gated community in Panama with its own golf course - the country's only Nicklaus Design course. Several portfolio residences (Peninsula Estates, Fairway Estate, and green-side projects) have direct course views or pedestrian access. Read the course guide at arenasrealtor.com/santa-maria-golf and the social club guide at arenasrealtor.com/santa-maria-country-club.

Active Portfolio

Properties in Santa María, Panama

A curated selection of pre-construction, under-construction, and ready-to-move-in residences in Panama City's most exclusive market.

All Projects Mansions Resale Apartments Penthouses

Apartment PH The Reserve - Santa María Golf & Country Club, Panama

Immediate Delivery

AR-025

PH The Reserve

Santa María Golf & Country Club, Panama City

4-bedroom, 332 m² apartment at PH The Reserve, Santa María. Lake view, enclosed kitchen with island, 3 parking spaces. $1,350,000.

$1,350,000View Details

Mansion Peninsula Estates - Santa María Golf & Country Club, Panama

Pre-Construction

AR-001

Peninsula Estates

Santa María Golf & Country Club, Panama City

Pre-construction mansions from $2,400,000 in Santa María Golf & Country Club. Two-level residences of 567 to 640 m², private pool, and up to 6 covered parking spaces.

From $2,400,000View Details

Apartment Guayacán - Santa María Golf & Country Club, Panama

Under Construction

AR-002

Guayacán

Santa María Golf & Country Club, Panama City

Apartments under construction from $1,251,710 in Santa María Golf & Country Club. 46-story tower with only 2 residences per floor, 370 to 711 m², 4 bedrooms. Delivery late 2028.

From $1,251,710View Details

Apartment Altair - Santa María Golf & Country Club, Panama

Under ConstructionFeatured

AR-003

Altair

Santa María Golf & Country Club, Panama City

Torre Altair - apartments under construction from B/. 947,100 in Santa María Golf & Country Club. Interiors by Adriana Hoyos. Delivery April 2027.

From $947,100View Details

Apartment CELESTE - Santa María Golf & Country Club, Panama

Under Construction

AR-004

CELESTE

Santa María Golf & Country Club, Panama City

Apartments under construction from $623,580 in Santa María Golf & Country Club. 42-story tower, only 3 residences per floor, Italian kitchen, and a rooftop with golf views. Units from 190 to 249 m².

From $623,580View Details

Penthouse The Ivy - Santa María Golf & Country Club, Panama

Immediate Delivery

AR-005

The Ivy

Santa María Golf & Country Club, Panama City

4-bedroom penthouse of 251 m² at The Ivy, Santa María Golf & Country Club. Balcony with golf views, spa, cinema room, immediate delivery. From $1,060,000.

$1,060,000View Details

Apartment Bosco - Santa María Golf & Country Club, Panama

Under Construction

AR-006

Bosco

Santa María Golf & Country Club, Panama City

Bosco - apartments under construction from $543,942 in Santa María Golf & Country Club. Tower 2 sold out; active inventory in Tower 1 and Tower 3, 2 to 4 bedrooms and penthouses. Delivery 2030.

From $543,942View Details

Villa Villa Giardino - Santa María Golf & Country Club, Panama

Pre-Construction

AR-026

Villa Giardino

Santa María Golf & Country Club, Panama City

Villa Giardino at Bosco: two-level residence, 3 bedrooms, 269 m², own landscaped terrace. Tower 1, Santa María Golf & Country Club. From $1,090,000.

$1,090,000View Details

Villa Villa Boschetto - Santa María Golf & Country Club, Panama

Pre-Construction

AR-027

Villa Boschetto

Santa María Golf & Country Club, Panama City

Villa Boschetto at Bosco: the largest-format residence in Tower 1, 3 bedrooms, 348 m² with an 85 m² terrace, two levels. Delivery 2030. From $1,310,000.

$1,310,000View Details

Apartment Appartamenti Bosco - Santa María Golf & Country Club, Panama

Pre-Construction

AR-028

Appartamenti Bosco

Santa María Golf & Country Club, Panama City

Appartamenti Bosco: 2-bedroom apartment in Tower 1, 148 m² with a 25 m² private terrace. Santa María Golf & Country Club. Delivery 2030. From $684,500.

$684,500View Details

Apartment Appartamenti Lago (Torre 1) - Santa María Golf & Country Club, Panama

Pre-Construction

AR-029

Appartamenti Lago (Torre 1)

Santa María Golf & Country Club, Panama City

Appartamenti Lago in Tower 1: 3-bedroom apartment, 160 m², wide balcony facing Bosco's park and lake. Optional maid's quarters. From $738,900.

$738,900View Details

Apartment Appartamenti Lago (Torre 3) - Santa María Golf & Country Club, Panama

Pre-Construction

AR-030

Appartamenti Lago (Torre 3)

Santa María Golf & Country Club, Panama City

Appartamenti Lago in Tower 3 (Avanti): Bosco's entry price, 2-bedroom apartment, 107 m², 2 parking spaces. Santa María Golf & Country Club. $543,942.

$543,942View Details

Apartment Acquavita - Santa María Golf & Country Club, Panama

Pre-Construction

AR-031

Acquavita

Santa María Golf & Country Club, Panama City

Acquavita at Bosco: 2-bedroom apartment with a private balcony pool, 164 m², floor-to-ceiling windows. Tower 3 (Avanti). From $865,375.

$865,375View Details

Penthouse Attico Panoramico - Santa María Golf & Country Club, Panama

Pre-ConstructionFeatured

AR-032

Attico Panoramico

Santa María Golf & Country Club, Panama City

Attico Panoramico: Bosco's penthouse. 4 bedrooms, 296 m², solar ready, panoramic terraces. Tower 1, Santa María Golf. From $1,400,672.

$1,400,672View Details

House Single-Family Villa - Santa María Golf & Country Club, Panama

Pre-Construction

AR-033

Single-Family Villa

Santa María Golf & Country Club, Panama City

Casa Unifamiliar at Casa Bosco: the model with the most lots available, 4 bedrooms, 758.78 m² construction, on hole 12. From $2,453,912.

$2,453,912View Details

House Townhouse A - Santa María Golf & Country Club, Panama

Pre-Construction

AR-034

Townhouse A

Santa María Golf & Country Club, Panama City

Casa Adosada A at Casa Bosco: the most accessible entry point, 4 bedrooms, compact footprint, generous land, on hole 12. $2,066,272.

$2,066,272View Details

House Townhouse B - Santa María Golf & Country Club, Panama

Pre-Construction

AR-035

Townhouse B

Santa María Golf & Country Club, Panama City

Casa Adosada B at Casa Bosco: the entry price for the whole development, 4 bedrooms, 758.78 m² construction, on hole 12. $2,056,768.

$2,056,768View Details

Apartment The Ivy - Santa María Golf & Country Club, Panama

Immediate Delivery

AR-022

The Ivy

Santa María Golf & Country Club, Panama City

The Ivy at Santa María Golf - boutique tower delivered in 2025. 44 floors, 4 residences per level, golf or sea views. From $648,800.

From $648,800View Details

Apartment La Maison by Fendi - Santa María Golf & Country Club, Panama

Immediate Delivery

AR-007

La Maison by Fendi

Santa María Golf & Country Club, Panama City

4-bedroom, 437 m² apartment at La Maison by Fendi, Santa María Golf & Country Club. Fendi-designed kitchen, 360° sea and city views. $1,899,141.

$1,899,141View Details

Apartment Greengarden - Santa María Golf & Country Club, Panama

Immediate Delivery

AR-008

Greengarden

Santa María Golf & Country Club, Panama City

3-bedroom, 314 m² fully renovated apartment at Greengarden, Santa María. Sea views, VRF AC, custom-made furniture. $950,000.

$950,000View Details

Immediate Delivery

AR-009

Greengarden

Santa María Golf & Country Club, Panama City

3-bedroom, 314 m² apartment with marble floors at Greengarden, Santa María. Golf, beach, and city views. $837,500.

$837,500View Details

House The Woods - Santa María Golf & Country Club, Panama

Immediate Delivery

AR-010

The Woods

Santa María Golf & Country Club, Panama City

4-bedroom, 338 m² house at The Woods, Santa María Golf. Italian kitchen, marble floors, Hansgrohe and Kohler fittings. $1,001,178.

$1,001,178View Details

Apartment CALA Lakeview - Santa María Golf & Country Club, Panama

Immediate Delivery

AR-011

CALA Lakeview

Santa María Golf & Country Club, Panama City

470 m² 3-bedroom apartment at CALA Lakeview, Santa María. Boutique building with only 14 units, 2 per floor. $1,850,000.

$1,850,000View Details

Duplex Apartment La Vista - Santa María Golf & Country Club, Panama

Immediate Delivery

AR-012

La Vista

Santa María Golf & Country Club, Panama City

700 m² 4-bedroom duplex apartment at La Vista, Santa María. Heated saltwater rooftop pool, full home automation. $2,200,000.

$2,200,000View Details

Immediate Delivery

AR-013

La Maison by Fendi

Santa María Golf & Country Club, Panama City

Brand-new 3-bedroom, 397 m² apartment at La Maison by Fendi, Santa María. Pacific, city, and mangrove views. $1,370,000.

$1,370,000View Details

Apartment PH Ocean House - Santa María Golf & Country Club, Panama

Immediate Delivery

AR-014

PH Ocean House

Santa María Golf & Country Club, Panama City

Brand-new 3-bedroom, 124 m² apartment at PH Ocean House, Santa María. Includes appliances and air conditioning. $465,000.

$465,000View Details

Immediate Delivery

AR-015

La Maison by Fendi

Santa María Golf & Country Club, Panama City

3-bedroom, 357 m² apartment at La Maison by Fendi, Santa María. Fendi kitchen, 360° views, 2 parking. $1,569,886.

$1,569,886View Details

Apartment PH Empire - Santa María Golf & Country Club, Panama

Sold

AR-016

PH Empire

Santa María Golf & Country Club, Panama City

3-bedroom, 322 m² apartment at PH Empire, Santa María. Golf course views, magneto lighting, VRF AC. $1,100,000.

$1,100,000View Details

House Fairway Estate - Santa María Golf & Country Club, Panama

Immediate Delivery

AR-017

Fairway Estate

Santa María Golf & Country Club, Panama City

5-bedroom, 850 m² construction on a 1,480 m² lot at Fairway Estate, Santa María. 2 kitchens, private pool. $2,900,000.

$2,900,000View Details

Apartment Greenview - Santa María Golf & Country Club, Panama

Immediate Delivery

AR-018

Greenview

Santa María Golf & Country Club, Panama City

3-bedroom, 215 m² apartment at Greenview, facing golf holes 15 and 16 of the Nicklaus course. 25m lap pool. $550,000.

$550,000View Details

Sold

AR-019

PH The Reserve

Santa María Golf & Country Club, Panama City

4-bedroom, 334 m² apartment at PH The Reserve, Santa María. Enclosed kitchen with island, covered terrace, full service quarters. $1,200,000.

$1,200,000View Details

Immediate Delivery

AR-020

Greengarden

Santa María Golf & Country Club, Panama City

3-bedroom, 314 m² apartment at Greengarden, Santa María. Only 2 apartments per floor, full appliances, 3 parking spaces. $860,000.

$860,000View Details

Furnished Apartment Village Center Residences - Santa María Golf & Country Club, Panama

Rented

AR-021

Village Center Residences

Santa María Golf & Country Club, Panama City

Furnished 2-bedroom, 98 m² apartment at Village Center Residences, Santa María. Office space, gym, green areas. Already rented.

$2,350/mesView Details

Apartment ÉBANO - Santa María Golf & Country Club, Panama

Pre-Construction

AR-024

ÉBANO

Santa María Golf & Country Club, Panama City

Pre-construction apartments from $538,571 in Santa María Golf & Country Club. Art Deco-designed 47-story tower, 3 bedrooms, 151 to 160 m². Delivery 2030.

From $538,571View Details

Apartment ARENA - Santa María Golf & Country Club, Panama

Pre-Construction

AR-023

ARENA

Santa María Golf & Country Club, Panama City

ARENA - pre-construction apartments from $825,000 in Santa María Norte, fronting hole 16 of the Jack Nicklaus golf course. Architecture by Mallol & Mallol.

From $825,000View Details

FAQ

Frequently asked questions about buying in Santa María

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