Neighborhoods
Coco del Mar
Coco del Mar is a low-density residential enclave on the Pacific coast within the San Francisco district of Panama City. It pairs oceanfront mansions with small, boutique low-rise buildings along quiet streets, minutes from Punta Pacífica and the road to Costa del Este. It suits buyers who want privacy and seaside living without high-rise density.
As of July 2026, a rental apartment yields ~8% gross per year — per the Vaca Group Residential Market Study (2026-Q3).
- Gross annual yield
- 8%
- Vacancy
- 5–7%
Data updated: July 2026 · Vaca Group Residential Market Study
See all Coco del Mar data ↓Lifestyle
Daily life here is calm and walkable: seaside strolls, nearby Parque Omar, and the restaurants of San Francisco, with quick access to Multiplaza mall and Hospital Punta Pacífica. Families, professionals, and foreign residents choose it for the quiet and the closeness to the financial district.
The real estate market
Single-family mansions and apartments in low-rise boutique buildings dominate; supply is limited and positioned at the upper end of the city market. It draws end-users seeking an oceanfront home and premium-rental investors, with steady rental demand driven by the area's scarcity.
Market data
The Coco del Mar market, in numbers
Data updated: July 2026
- Gross rental yield
- 8%2-bedroom apt. · annual
- Vacancy
- 5–7%
Absorption speed: Mid-speed, tied to the sweet spot; highest yield among premium areas†
Its market corridor
Traditional Center (El Cangrejo · Coco del Mar)
| $/m² | 2-bed (sale) | Rent/mo | Gross yield | Vacancy |
|---|---|---|---|---|
| $2,000–2,400 | $210,000–315,000 | $1,200–2,100 | 6.6–8.6% | 5–7% |
Walkability, metro and tourism; boutique buildings and studios.
Reference new-construction price by area (USD/m²)
† Vaca Group estimate: Panama publishes no absorption series by district.
Properties in Coco del Mar
Frequently asked questions
- Where is Coco del Mar?
- Coco del Mar sits on the Pacific coast within the San Francisco district of Panama City, between Punta Pacífica and the access road to Costa del Este.
- What kind of properties are in Coco del Mar?
- Coco del Mar is mostly oceanfront mansions and apartments in small, low-rise boutique buildings. It is a low-density area with limited inventory.
- Can a foreigner buy property in Coco del Mar?
- Yes. Foreigners can own property outright in Coco del Mar, and local banks typically finance non-residents with a down payment of around 30%.
- What rental yield does an apartment in Coco del Mar produce?
- An apartment in Coco del Mar generates a gross rental yield of about 8% per year, with estimated vacancy of 5–7%. Net yield typically lands 1.5–2 points lower after HOA fees and taxes. Data as of July 2026 from Vaca Group's Residential Market Study, based on portal and ACOBIR MLS listings (asking prices) plus Convivienda and Galería Inmobiliaria figures.
Nearby neighborhoods