Coronado, Panama the pioneer development of the Rivera Pacifica recently announced the completion of the initial phase of development.

With several new projects that have already broken ground as part of phase 2, and more underway, expect more options a wide variety of lifestyles on the market. Currently, there are over 5,040 homes constructed and an additional 2,208 lots sold there are a total of 7,248 owners within the Coronado community. There have been four new developments announces along with a road assessment project, and Green Walk Project that will offer extensive green spaces, walking trails, and eco-friendly infrastructure. 

Coronado was developed in the 1940’s and today still holds a certain charm that has been here since the beginning. These new projects The unspoiled stretch of the Pacific Ocean, and mature landscape creates a natural environment surrounding a world class golf course, it is unlike any other development in Panama. 

Despite being the most developed beach community along the Pacific Coast, beaches and facilities are typically uncrowded in Coronado. With ample green space and preserved natural land, Coronado is home to an ecosystems that have been mindfully developed. With areas like the Dry Forest, which have been preserved, much of the area remain home to a diverse natural world that continues to thrive. 

The Ocean in Coronado, is a protected bay for marine life, swimming, surfing and coastal exploration. There are several popular beaches within Coronado including Playa Serena a popular surf beach for families, and the Coronado Private Beach Club offers beachfront amenities for members and their guests. 

While Coronado has continued to make lists of the top place to retire in the world, property in Panama is still affordable. Over the past three decades Coronado has developed immensely to add amenities that make it an ideal place to visit. Today Coronado is just 1.5 hours from Panama City’s Tocumen Airport, and a half an hour from Rio Hato Airport which services flights from Canada, through the winter months. 

Things like emergency clinics, a police station, fire station, school, banks, supermarkets, pharmacies, restaurants, movie theaters, hardware stores, furniture stores, gyms, gas stations, car rental outfits, real estate offices complete Coronado. And the lifestyle that is attainable without loosing these amenities, makes Coronado a great place to live. 

The History of Coronado, Panama 

Playa Coronado was founded by Roberto “Bob” Eisenmann in 1941, when the road was just a dirt path and the journey from Panama took around 3 hours. Spanning over 900 hectares, the Coronado community grew, and by 1970 the Coronado Golf Community was founded. 

In 1972 the first phase of development in the beach area began in Coronado, During this time projects like the Aprucc Condominiums became the first condos in the area. In 1973, ground broke on the Coronado Beach Golf Club, with a world class 18-hole course designed by Tom and George Fazio. 

Phase 1 of Coronado continued in the 90’s with the construction of the iconic Punta Prieta towers, which continues to be one of the most unique condo development in Coronado today due to its location over looking the Pacific Ocean. By 1994, Coronado was booming with development and construction began on the hotel. The Coronado Golf & Beach Resort, as it was called at the time, was a 104 all suite hotel and serviced the area for over two decades.

Today the Coronado Luxury Suites and Hotel continues to function as boutique hotel offering, with 16 rooms. In 2020, the suites were sold to create a turn-key offering for a vacation lifestyle in Coronado. 

1994 also brought the Equestrian Club Community, which in it’s infancy hosted top-tier horse riding competitions. Today the Equestrian is also in its second phase of development, with the Paseo Verde community. 

In 2009 the subdivision of the Alcazar Park was developed offering large lots surrounding the Coronado Golf Course. The Alcazar condo was built the same year and it continues to be one of the most spacious condo offerings in Coronado. With a 4 point star design and only 4 units per floor, all with 360 degree views and cross ventilation, situated on the golf course of Coronado. El Alcazar is a top option among golfers and full-time residents who want to enjoy the benefits of a condo with ample space and privacy. 

In 2012, The Coronado International school was inaugurated, introducing the creative curriculum as an alternative to public education for both expats and locals living in the area. Currently the school offers K - 12 education and has moved towards Project Based Learning (PBL) and STEAM classrooms. CIS has been dedicated to the most current and state of the art styles of education throughout the years. Which focuses on each student’s individual goals, PBL has been widely researched and applied in some of top schools around the world.

 These endeavors among many more, show the role that Coronado has played, specifically the Eisenmann Family, which continues to drive the social and economic progress in the Pacific Beaches region. 

Present Day Coronado, Panama 

Today Coronado continues to grow as a beach destination and with more full-time residents than ever before. Coronado is perfectly suited not only to retirees, but also families and young professionals. Not only because of the options for education and health care, but also the lifestyle, and asense of community. As more and more people are seeking to leave big cities, without getting too far from amenities, Coronado seems like the perfect fit. From the Pacific Ocean and the large black-and-white diamond like sand beaches, to the endless recreational activities and nearby places to explore, there are plenty of things to enjoy. 

In 2024, Coronado continues to attract new businesses and services along with new visitors and residents from all over the world. And it’s really no wonder why. The climate in Coronado is ideal, usually around 85 F year around. While there is a rainy season, the rainy season Coronado is really never that rainy (30% less that the city), in since it’s located in Panama "Dry Arch." 

Coronado continues to develop as a resort community adapting to the needs of its residents. Today the Coronado Luxury Hotel & suites through the Coronado club offers sports like pickleball along with tennis and golf. There are also places to practice paddle and crossfit in Coronado, Panama. Life in Coronado is laid back, with lots of space to relax and enjoy the outdoors, for those interested in hiking and adventures it’s the perfect hub to jump off to popular places like El Valle de Anton, Sora and Altos del Maria. 

With Panama City a short drive away, it makes sense to live in Coronado even if you’re required to be in the city once in a while. That being said, most of what you need exists in Coronado today. There are ample options for health care with 4 major clinics in Coronado along with the San Fernando emergency clinic at the entrance to Coronado. There are also several full-time dentist and usually there is an English speaking person on staff. 

Today, there also several new communities within Coronado! A hidden gem in Coronado is, Terra Viva. This community of homes, has been mindfully set within a natural sanctuary that brings you back to life. 

The Second Phase of Coronado 

The second phase of the ambitious development plan aims to elevate the living experience even further in Coronado, blending luxury, convenience, and natural beauty in perfect harmony.

Here’s a sneak peek at what’s in store: 

Terra Viva 

This simple yet rich environment, gives you that feel of being back home, in nature. The community offers an array of fruit trees, cobble stone roads covered with basalt stones, peacocks, guinea chicken and donkeys. Using state of the art methods in water treatment, offering solar set ups and introducing recycling projects, are a few of the sustainability initiatives that set Terra Viva aside. Find out more about the Terra Viva lifestyle, speak to the founder, Roberto Eisenmann III. Visit the Terra Viva website here. 

The New Golf Lazy River Project 

Imagine waking up to the serene views of a world-class golf course right from your balcony. The new golf apartments are designed to offer both elegance and comfort, catering to those who appreciate the finer things in life. 

Beach & Mountain Project 

Whether you prefer the calming waves of the ocean or the refreshing breezes of the mountains, this is the best of both worlds. Luxurious residences will be nestled in picturesque settings, providing an unparalleled living experience. 

Paseo Verde Project 

Embrace sustainability and nature with our Green Walk Project. Featuring extensive green spaces, walking trails, and eco-friendly infrastructure, this project aims to create a harmonious living environment where residents can connect with nature. 

Road Assessment Project 

Coronado is committed to improving accessibility and convenience for our residents. The Road Assessment Project (under a reformed “Ley de Valorización”) will focus on upgrading existing roads and constructing new ones, ensuring smooth and efficient transportation within the community. 

Living Land Project 

The Living Land Project is all about creating vibrant, self-sustaining communities. This initiative will focus on developing mixed-use spaces that combine residential, commercial, and recreational facilities, fostering a sense of community and belonging. 

New Coronado Project 

Experience grandeur and sophistication with the New Coronado Project. This exclusive development will feature high-end residences with state-of-the-art amenities, catering to those who seek a luxurious lifestyle. 

Stay tuned for more updates and detailed information about each project. Join us in Coronado and embark on this new journey! Let’s continue building the future of Coronado together. For any inquiries, don’t hesitate to reach out. Your dream home awaits! 

Real Estate in Coronado, Panama 

Coronado is a large gated area surrounding the Coronado Golf Course, there are only a few lots remaining that can be purchased direct from the initial phase of development. Most of the lots located on the golf course have been developed, with just a few resales currently on the market. 

Monthly Budget Breakdown Coronado 2024:

Expense U.S. $ Rent (three-bedroom apartment or house) $1,500 to $2,800 Electricity (depending on air conditioning use) $50 to $250 Water IDAAN $12 to $20 Gas for cooking, hot water heaters, dryer, etc. $5 to $10 Supermarket (local and imported food and household items) $500 to $1500 Entertainment (dinner a few times a month) $150 to $350 Phone (cell phone, mostly local use) $10 to $40 Internet (high-speed) $35 to $55 Transportation (fuel/maintenance/insurance on a compact car) $100- $250

Contact Coronado & Panama Realty for more information by phone at (507) 6679-1723 or by email at: info@coronadopanamarealty.com