This gated community, to be built in 3 phases, is located approximately 1km south of the Via Panamericana in the popular and growing Coronado area.

Phase I is 12 hectares (approx 30 acres) and consists of 14 lots.  The total project (Phases I, II & III) will have 55 lots.   The minimum lot size  is 600 square meters.  For more information on this gated development in the Coronado area click here

All information is taken from sources believed reliable however purchasers should verify all information

Almost 1/2 acre lot set in the stunning, well established, Altos del Maria development which is located in the Central Mountain Range (Continental divide).  Beautiful gated mountain community, located approximately 1.5 hours drive from Panama City along the PanAmericana Highway.

The entrance to the development is approximately 30 minutes drive North of the highway. All excellent roads!

This is a corner lot, offered for sale at US $69,000, is located in the Santiago Apostol neighbourhood and is approx. 2,013.39 m2.  Direct access from paved road.  Located at 2700 feet above sea level you are away from the heat & humidity found in the city and lower altitudes. The view from the lot is fabulous  with a bit of everything – looking forward island & ocean view and to the rear is mountains. Fabulous place to build your dream, vacation or retirement home!

Here are some pictures Sue took recently at the Altos del Maria development showing you the sales centre, some of the homes within the development, some of the lush vegetation, gorgeous flowers, enjoy!

Some details about the well established development of Altos del Maria

• Located about 90 kms from Panama City
• Development is over 7500 acres (3000 hectares) and is divided into neighbourhoods
• Garden like landscape with vast common areas
• Elevations within the development vary from 1640 ft to 3,,608 ft above sea level
• Temperatures range from 18C (65F) to 27C (80F) depending on the elevation of the lot
• Approx. 30 kms from the public beaches on the Pacific coast
• Approx. 30 mins from a golf course
• Breathtaking natural surroundings – flowers, trees, rivers, hiking trails, dozens of creeks, waterfalls
• Abundant species of birds
• Wireless internet
• Small grocery store & restaurants within 2 kms
• Approx. 30 kms from the town of Coronado.  Some of the amenities found there:
  • Shopping
  • Medical facilities
  • Restaurants
  • Entertainment
  • Fitness facilities
• Heliport
• Approx. 18 kms from the town of El Valle de Anton and its amenities
• 20 minute drive to natural attractions e.g. canopy tour, zoo

To find out more about this lot and the many other opportunities in Altos del Maria  contact Sue today

All information taken from sources believed reliable – buyers should verify all information for themselves.

The development is at an elevation of approx. 2,000 feet.  High enough to be quite a bit cooler than the hotter temperatures found at sea level.  The beaches of the Pacific are less than an hour away and the Caribbean beaches are about 3 hours.  The border with Costa Rica is approx. 1 hour away.

The development offers stunning mountain vistas, hundreds of mature trees, an orange grove with 400+ trees, two streams that meander across the property and the Rio David runs along part of the North Boundary.  There will be walking paths, riding trails, acres and acres of green space and the developers are preserving a jungle area down by the Rio David creating the developments own rain forest which will have hiking trails & sitting areas from which to enjoy the natural beauty.

The development offers:

• Stunning mountain vistas,
• Hundreds of mature trees,
• Orange grove with 400+ trees,
• 2 streams that meander across the property
• Rio David runs along part of the North Boundary.
• Walking paths
• Riding trails
• Acres and acres of green space
• Rain Forest down by the Rio David which will have hiking trails & sitting areas from which to enjoy the natural beauty.

The Orange grove will be the location of the outdoor barbecue areas, benches and a gazebo – it will provide a great location to gather to entertain, meet fellow residents and have a picnic.

There are plans for green houses to grow hydroponic tomates, lettuce & other vegetables that will be available to the residents of the project

Segregated green area, surrounded by rock walls, where you can graze your horses;  fabulous location  to go riding, hiking and enjoying nature’s splendour.

Phase I of the infrastructure is close to completion; Phase II of the infrastructure is scheduled for completion in the Spring of 2010.

Lot prices vary depending on size, location and view.  Prices start at US$27,744(.36 acre) to US $132,319 (1.45 acres).

It is possible to buy a lot purely for investment.

If you wish to build the developer has a couple of contractors that they can recommend.  Building will commence in the Spring of 2010.

Construction of an average size home (2000 sq.ft) will take 6 – 8 months & the price of the home will be approx. US$55 ~ US$75 per sq.ft. depending on finishings, style, etc. in addition to the cost of the lot.

Information taken from sources believed reliable but not guaranteed

Panama has it all - politically stable, democratic government, healthy economy, dollar based economy, awesome Pensionada’s program, climate, property tax exemption (for up to 20 years in some cases) on many properties.  It is a beautiful and diverse country offering a location for just about everyone who loves a warm place to be – beach, mountains, rain forest, city & activities to complement everyone – except of course those who like the snow!

Despite the recent happenings in the global economy Panama has continued to experience positive growth and continues to move forward.  The expansion of the Panama Canal began last September & other major projects have been completed – the new toll highway between Panama City & Colon has reduced travel time to the Caribbean coast substantially, the new Ave. Balboa & the ocean front park is completed and it’s fantastic.  Driving through this part of Panama City has been improved incredibly.  It is great to see continued activity in Panama & to see many more expats choosing to make it their second home.

Many real estate opportunities exist and there is something for just about every budget.

For more information on some of the fabulous opportunities in Panamanian real estate please give me a call on 1-800-209-3214 or e-mail me

When choosing a sales representative to work with to Buy or Sell a home it is important that they explain what your options are as far as their Professional relationship with you and you with them. This is commonly referred to as “Agency Disclosure”.

Establish at your first meeting whether you are going to be in a CUSTOMER or a CLIENT relationship with your REALTOR®. Click here for Agency relationships explained in more detail

Gated community, homes are being built in this lovely development

See more about this development

The property being sold at this stunning beach front resort is Fractional.  Each unit is sold in 1/12′s. Each 1/12 represents 4 weeks of use annually.  This is NOT TIME SHARE!  When you buy a fractional property in this fabulous project you have the right to use it, rent it, sell it whenever and to whoever.

For more information please click here

Canadian housing markets buck recession and trend upwards, says RE/MAX

[September 24, 2009] 

With the worst of the recession over, residential real estate markets in major Canadian centres are poised for growth in the final quarter of 2009, according to a report released today by RE/MAX.

The RE/MAX Bricks and Mortar Report found the bounce back that began in early Spring has made this recession one of the shortest on record.  Low interest rates, pent-up demand, and improved affordability levels have all played a role in the recovery now well-underway. 

Click here to read the full RE/MAX Bricks & Mortar Report