Life is beautiful in Coronado. Sun drenches the pristine, uncrowded beach. Just steps away, the town’s houses range in style from beach cottage to palatial mansion. There are only a few towers here. No big-name resorts to mar the view…no beach bars blaring loud music or vendors to ruin your days in the sun.
In Coronado you can enjoy many of the conveniences you were familiar with back home. Where before there was a golf club, a beach club, and not much else, there are now shopping plazas, grocery stores, restaurants, a clinic, and more. There’s high-speed internet, cable television, and excellent cellular service. Homes in Coronado are owned by Panamanians and expats who have come in search of peace, quiet, and a slower pace of life. People organize get-togethers in their homes, go out often for casual dinners and drinks, and offer lessons of all kinds (from cooking to salsa dancing). Whether you’re into mahjong, tennis, golf, bridge, charity work—or anything else—you’re likely to find a group you can join. Here it’s easy to connect with like-minded people, socialize, and do more of what you love.
Coronado’s strategic location helped make it the popular hub town it is today. Not only is it close to the capital city, but it’s also located in the Dry Arc. Known to locals as the Arco Seco, this region of Panama gets less rain than nearly any other.
Almost every single morning, you will see the sun. Simple as that. Daytime temperatures average 88 F, and drop ten degrees or after sunset. The Pacific waters here are also warm, so you can swim any day of the year. The sand is a swirl of white and black that glitters like diamonds in the sun.
Coronado is not one of Panama’s lowest-cost destinations, and yet you’re likely to spend 30% to 40% less per year here than you did back home. Here, you can have a California lifestyle without the hefty price tag. You can have a gardener take care of your grounds for $20 and a maid will clean, do laundry, and even run errands for $15 a day.
When it comes to beach property, Coronado does not disappoint. In the heart of town, you’ll find houses just steps from the water, just off the main drag. I found a duplex unit of more than 1,500 square feet for $240,000—with three bedrooms, two full bathrooms, and a guest bathroom. With major appliances and air conditioning already installed, this home, in a small gated community, has its own social area, pool, Jacuzzi, and bar/barbecue area.
If you want to spend a bit less, studio apartments of 450 square feet to 800 square feet sell for as little as $150,000 to $160,000. Larger apartments are good value as well. A one-bedroom, two-bathroom property that I came across comes furnished and overlooks the Coronado golf green. The building has a social area with a pool. The 1,140-square-foot property, priced at $210,000, comes with membership to the Coronado golf, equestrian, and beach clubs.
Alternatively, spend a little more and live luxuriously. A four-year-old home in Coronado’s gated Equestrian Club sector comes with its own pool. The single family home features three bedrooms, two bathrooms, maid’s quarters with bath, and sits on a lot of about 6,000 square feet. The home, on offer for $286,000, is in an exclusive community that has its own park and security guard.
Though you can live on less, most expat households (single or couple) spend about $2,500 per month here. And consider: The location is perfect. The sun shines nearly every day. The houses are well-built. The community is welcoming. English is widely spoken. There’s reliable power, water, and internet…a modern clinic…a growing commercial sector to meet your shopping needs. Anything you could possibly want or need is within easy reach. Simply put, there are few places in the world that can compete with Coronado for overall value.
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