Neighborhoods
Santa Maria Luxury Homes & Condos, Panama City, Panama
Santa María is one of the most exclusive gated communities in Panama City, built around the Santa María Golf & Country Club and its 18-hole Nicklaus golf course. It brings together mansions, premium residential towers and The Santa Maria hotel, with perimeter security and access to the financial district. It suits buyers who want privacy, golf and long-term value.
As of October 2026, resale in Santa María has a median of $3,664/m² (421 listings), representative new construction runs about $3,806/m², a rental apartment yields ~6.72% gross per year — per the Vaca Group Residential Market Study (2026-Q4).
- New construction
- $3,806/m²
- Resale (median)
- $3,664/m²421 active listings
- Rent
- $20.53/m²/month
- Gross annual yield
- 6.72%
- Vacancy
- 2–4%
Data updated: October 2026 · Vaca Group Residential Market Study
See all Santa María data ↓Lifestyle
Life in Santa María revolves around the country club: golf, tennis, pools, gym and dining inside the gates. It is a quiet, green, family-oriented setting with round-the-clock security and manicured common areas. Established Panamanian families, executives and foreign residents live here, drawn by privacy, prestige and services just minutes away.
The real estate market
Inventory ranges from single-family mansions to apartments in premium towers, positioned at the top of the city's luxury segment. Most demand is purchase-driven, for a primary residence or long-term wealth investment; rentals exist but are more limited and equally premium, favoring executive and diplomatic tenants.
Market data
The Santa María market, in numbers
Own sample: October 22, 2026
- Resale · median $/m²
- $3,664421 unique units
- p25–p75 range · sale
- $3,025–$4,096
- Rent · median $/m²/month
- $20.5389 units
- Gross yield
- 6.72%rent ÷ sale, per m²
- Estimated net
- 3.63%after vacancy, management, HOA and tax
- Unique inventory for sale
- 559
- Listings with a cut
- 9.6%
- New builds · $/m²
- $3,806138 pre-sale listings
By bedrooms (resale, median $/m² · n): 1: $4,330 † (n=7) · 2: $4,005 (n=52) · 3: $3,532 (n=253) · 4+: $3,732 (n=105)
Resale: median asking price by area (USD/m², unique units)
Properties in Santa María
New developments in Santa María
Pre-saleSanta María NorthCasa BoscoFrom $2,056,7684 bd · 572.14–758.78 m²
Under constructionSanta MaríaTorre AltairFrom $958,898.043–4 bd · 256.15–309.36 m²
Pre-saleSanta María NorthBosco di Santa MaríaFrom $628,0002–4 bd · 135–338 m²
Pre-saleSanta María NorthAvantiFrom $533,2642–4 bd · 102.4–230.6 m²
Under constructionSanta MaríaThe WoodsFrom $1,245,0003–4 bd · 318.22–412.45 m²
Under constructionSanta MaríaCorotúFrom $559,4622–3 bd · 99.75–159.77 m²
Under constructionSanta MaríaGuayacánFrom $1,361,6004 bd · 370–711.76 m²
Pre-saleSanta María · south phaseÉbanoFrom $617,600154.4–159.96 m²
Under constructionSanta MaríaCelesteFrom $623,580190–380 m²Frequently asked questions
- Where is Santa María located in Panama City?
- Santa María is a gated community off Corredor Sur, on the eastern side of Panama City, with quick access to the banking district and Tocumen International Airport. It is organized around the Santa María Golf & Country Club.
- Can a foreigner buy property in Santa María?
- Yes. A foreigner can buy property in Santa María with full titled ownership and no residency requirement. Panamanian banks typically finance non-residents with around 30% down, subject to approval. Vaca Group guides you through the full legal and due-diligence process.
- Can Santa María properties be rented out?
- Yes. Santa María properties can be rented, mainly to executives and foreign families, though rental demand is more limited than purchase demand given the area's premium profile. Professional property management usually costs 9%–10% of the monthly rent, with a $100/month minimum.
- How much does a square meter cost in Santa María (2026)?
- In Santa María, resale has a median of $3,664/m² (421 unique apartments on offer) and new construction runs about $3,806/m². Data as of October 2026 from Vaca Group's Residential Market Study (2026-Q4): own sample of active listings on Encuentra24, Compre o Alquile and the ACOBIR MLS, deduplicated; asking prices, not closings.
- What rental yield does an apartment in Santa María produce?
- An apartment in Santa María generates a gross rental yield of about 6.72% per year (median rent per m² over median resale price per m²), and an estimated net yield of 3.63% after HOA fees, one month of vacancy, management and property tax. Data as of October 2026 from Vaca Group's Residential Market Study (2026-Q4): own sample of active listings on Encuentra24, Compre o Alquile and the ACOBIR MLS, deduplicated; asking prices, not closings.
- Does a property in Santa María qualify for Panama's Qualified Investor visa?
- It depends on its condition and price. Since September 16, 2026, Executive Decree 17 requires US$300,000 if the property is new — first sale, never occupied, transferred by the developer — and US$500,000 if it's resale, with the investment held for 5 years and funded from abroad. In Santa María, much of the luxury inventory clears both thresholds, but every case should be confirmed with an immigration attorney before reserving.
Nearby neighborhoods