Real Estate
Houses for Sale on 
Isla Taboga
Living on the Island of Flowers

  the Island of Flowers in the Bay of Panama
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Properties
for Sale

How to
Purchase

Buying a home on Isla Taboga and having your own place by the sea
has become a reality for many existential travelers.
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Living in the Fast World was a necessity,
something that had to be done so that
life could be simpler someday.
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THAT DAY IS RIGHT NOW.
Why Buy
on Taboga

Turnkey
Purchasing

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For Sale on Isla Taboga

HOT PRICE CHANGE
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This private hideaway home is located on the hillside overlooking Taboga Bay, Isla Tabogilla, Isla El Moro, and the Panama City Skyline to the North.  It also has a commanding view of the Taboga Pier where all craft dock on arrival and a spectacular view of ships waiting to enter the Panama Canal and cross the Isthmus to the Atlantic.
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Newly constructed 188M2 house with 3 bedrooms and 3 baths on 2 levels with dramatic views. Guest house has 34M2 and lot is 1143M2. Style of construction is rustic elegance and house was featured in FASHION @ LIFE magazine. Fully furnished with top of the line appliances. Large terrace with 35.5 pool. The price of 500K is fair and firm.  Owner has just reduced the price to 395K.  Owner needs to return to USA and must sell as soon as possible.  Click here for more photos.  Do it now!  (Owner)
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For contact information email: tabogano@gmail.com
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For Sale on Isla Taboga...high up in Los Abanicos.
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End of the road location, this 3 bedroom 2 bath home commands a 180 degree view of Taboga Bay.. 
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Property is 954 sq meters and landscaped with vivacious local ornamentals, flowers, and fruit trees.  The home is fully furnished with all appliances included and ready for occupancy. 
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Main house and adjacent buildings are modernized from floor to ceiling with windows, doors, and tile throughout. Hand painted 9 by 11 foot mural by Tabogano artist Roberto Ricord.
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The property is fenced with a double gate entry to parking and bodega. 
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A free standing privacy apartment with its own path and view is perfect for guests who will want to come back to Isla Taboga time and again.
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Asking price: 350K
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For contact information email: tabogano@gmail.com
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Arthur Sopher's waterfront property. Custom built in 1980. 3 levels and 350 sq. meters of living space: 4 bedrooms, 3 baths, dining room, kitchen, living room, den area, laundry room and servants quarters. Three balconies, two over the water with stairway to the sea. Concrete block construction with engineered sea breeze ventilation. Spacious layout and design allows for the development of a bed & breakfast while maintaining privacy for the owners.
This residence is located in the mountainside neighborhood of Los Abanicos.  Built in the 1980s, this quaint 2 bedroom, 1 bath home receives the sea breezes which gave the neighborhood its name.  This home is approximately 150 sq. meters in size and sits on a 300 sq. meters fenced lot.  The ample balcony boasts a splendid view of Taboga Bay and Isla Tabogilla.  The house is of block construction and there is an outdoor shower for washing off the beach sand from nearby Playa Ristinga.
Located in the mountainside neighborhood of Los Abanicos, this home has a five star commanding view of the Taboga Pier, Isla El Morro, Isla Tabogilla, and Panama City.  Three bedrooms and 2 baths, backyard and covered washroom area make this property a true retreat or hideaway.  The home is approximately 120 sq. meters on a 200 sq. meter lot.  Block construction with two approaches.  Ground level expansion for small apartment underway. Home sold with all furnishings, ready for occupancy.
More coming soon ....
Keep checking our website for additional properties to be added in the future.  Contact us for information on upcoming properties before they are posted on this webpage.  Since the inception of this website, Isla Taboga has become a home to people from Canada, the USA, and Europe.  All have found the shores of this tiny island a hospitable place to live and a place to live that is safe and secure.  The cosmopolitan center of nearby Panama City and Tocumen International Airport make this an idealic paradise for everyone.  -contact us
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Why you should buy your next home on Isla Taboga:
The US Dollar is the national currency of Panama.... Tocumen International Airport is one hour away.... Panama City is a cosmopolitan metropolis.... Panama has very generous benefits for retirees.... It's a place to relax and enjoy life in a peaceful place....
Panama is still a haven for investment security. One of the last.... Excellent
communication infrastructure, fast wireless connections.
There are no cars, no consumer price tags, no push and shove, no hassels.... There are numerous foreign nationals residing on Isla Taboga.... An island of humble and honest people who treasure friendships....
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..The US Dollar is the national currency of Panama.
Isla Taboga and the Republic of Panama use the US$ for local and international purchases.  Since 1903, when Panama received its independence from Colombia, the US$ has remained the legal tender for the entire country.  From the Costa Rican border to the far reaches of the Darien, the US$ reigns supreme, and the Panamanian economy reflects that stability.  "The clearest example is a common currency: the dollar in the U.S.; the euro that will shortly reign in the common market. Almost identical is the Balboa in Panama, which is interchangeable with the dollar one-to-one, ... with a pure gold standard ... " (Milton Friedman, Forbes Magazine)
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..Tocumen International Airport is one hour away.
Tocumen International Airport Panama's largest international air gateway is located at Tocumen International Airport in Panama City. Tocumen is a large facility and center of flights heading to and from the Caribbean, South America, North America and all of Central America. Also, one European city (Madrid) is served. Tocumen is the hub of Panama's international airline, Copa. Airlines serving Tocumen include: Aeroflot, Aeroperlas (Panama), American Airlines, Avensa, Avianca, Continental Airlines, Copa (Panama), Cubana De Aviacion, Delta Airlines, Iberia, Lacsa (Costa Rica), Lan Chile, Lloyd Aereo Boliviano, Mexicana, Nica Nicaragua), Taca (Costa Rica), and others.  Review, "This airport was quite a surprise. Arriving at 3 AM and getting through Panama immigration was the only negative point. On departure, we found a very busy ground side concourse, but check-in on our Iberia flight to Miami was quite orderly and efficient. Airside is where we found the big surprise - a shopping concourse to rival Heathrow's! You could buy just about anything there, and at very competitive prices."
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..Panama City is a cosmopolitan metropolis.
Panama City is by every standard a Primate City, one that both reflects the culture of the Panamanian nation and is the largest city in the nation.  Many consumer products from around the world can be found here because of the use of the Panama Canal for shipping.  It is the most cosmopolitan metropolis between Mexico City and Rio de Janeiro.  Recent completion of the Albrook Terminal for mass transit has decongested city traffic.  Making a night out on the town enjoying a multitude of entertainment opportunities is another international plus for this city of lights.  Panama City also has modern cinemas (CineMark and Kinomax), museums, a national arts council, performance theaters, and the national symphony to give patrons a variety of entertainment choices.
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..Panama has very generous benefits for retirees.
There is a strong retirement lobby within the government of Panama; as a result, there exists one of the most generous retired tourist incentive  programs anywhere. For example, special “express lanes” exist in literally every public and private service for the exclusive use of retirees.  Also, if you obtain a retired tourist visa, you can bring a new car into Panama every 2 years duty free.  Retirees also enjoy a multitude of discounts on consumer goods and services.  Here are a few:
Entertainment ~ 25% to 50%
Public transportation ~ 15% to 30%
Medical expenses ~ 10% to 20%
Hotels ~ 30% to 50%
Telephone and Water ~ 25%
National Airlines ~ up to 25%
Electricity ~ 25%
Restaurants ~ 15% to 25%
Property Tax Freeze
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..There are numerous foreign nationals residing on Isla Taboga.
Isla Taboga boasts a community of foreign nationals who have discovered the shores of this peaceful island.  Many grew up in Panama as sons or daughters of Panama Canal employees.  Many others came to Panama for a visit and ended up staying on the Island of Flowers.  The plus factor for this fortunate turn of events is you'll always be in good company with like minded people, though views may vary significantly and make for lengthy conversation.  There's one thing that makes us all equal, and that's our appreciation for the island and its people.
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..Panama is still a haven for investment security.
Panama is a good place for individual investors in search of a tax haven or asset protection.  As well, according to the latest Capital Access Index compiled by the Milken Institute, Panama ranks second only to Chile as the best place in Latin America to access capital. In three sub categories, Panama scored higher than Chile.  Thanks largely to only using the U.S. dollar during its entire 99 year history, Panama has been able to maintain one of the lowest inflation rates in Latin America and one that often has been lower than that of the United States itself.
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..Excellent communication infrastructure and fast wireless Internet connections.
Broadband Wireless Connection service is readily available on Isla Taboga.  The company boasts of supplying the entire western portion of the Republic of Panama with Internet service.  Clients enjoy a reliable signal thanks to the implementation of strict policies of bandwidth control (CIR & MIR) and one Backbone connection utilizing fiber optics.  Users have access at speeds from 64k to T-1 or more if necessary.  With wireless connection, users have 24/7 connectivity without occupying phone lines.
Cable & Wireless Panama is a leading transnational telecommunications company in Panama and provides national and international fixed voice services on an exclusive basis. The company also provides mobile, data, Internet access, IP solutions and other deregulated services in a competitive market.  Currently, Cable & Wireless Panama offers Internet service at speeds of 64K to T1.  Connections are dial-up, by contract and by non-contract where 2 cent per minute charges appear on your phone bill.  Rates are competitive.
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..There are no cars, no consumer price tags, no push and shove.
The town of San Pedro has three main thoroughfares that can be described as 7 foot wide, concrete pedestrian walkways that intersect with a myriad of footpaths that lead to Taboga residences.  These main thoroughfares traverse the length of San Pedro, a town historically dependent on the sea.  There are no cars or pollution, no waiting on corners for traffic to pass, no worries to bear.  A town where walking casually is the means of movement from point A to point B.  Nor is there the usual commercial fanfare such as billboards pushing you towards the purchase of something, or pulling you to spend your money on things you never thought you really needed until someone declared you had to have it.  No one tries to sell you anything, and no one is in a hurry.  The catalysts for thought are your own spontaneous inventions, devoid of others' interests imposed by subliminal chicanery.
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..An island of humble and friendly people.
Isla Taboga is the Island of Flowers, an island of perennial blossoms, humble people, and a very special paradise.  The settlement of San Pedro is steeped in history.  It is perhaps the oldest post-colombian settlement in the Americas.  Vasco Nunez de Balboa, the famous 16th century Spanish leader credited with first citing the Pacific Ocean and the first Spaniard to set foot on the island.  The village of San Pedro was founded in 1524 by Padre Hernando de Luque, the dean of the Panama cathedral who blessed Francisco Pizarro before he set off from Taboga on his conquest of the Inca Empire.  Isla Taboga still has ruins from these by-gone days of conquistadors and the first settlements of explorers of the New World.  Isla Taboga has known the fury of marauding pirates, the intolerance of the Conquistadors, the boldness of the Gold Rush adventurers, and the glory of being the birthplace of a saint. In the years of U.S. administration of the Panama Canal, Isla Taboga was a home of U.S. soldiers and a favored destination for rest and relaxation.  Taboganos cherish their history and are humbled by it.  Through it all, the island has remained its tranquil self, and, because of its history of being the home of many peoples from around the world, they are particularly receptive to anyone who finds their way to the island's shores.
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..It's a place to relax and enjoy life.
Sun bathe on its white sand beaches, swim in its sparkling clear waters, stroll along its flower lined paths, walk its pristine nature trails, smell the roses, taste the forbidden fruit, explore and discover, smile and be yourself.  And, there's something else. Americans aren't as noticed in Panama as they are in other countries. An American in many countries abroad will get second glances from host citizens. Not so in Panama. Americans were a part of the daily life of Panama throughout the last century. Many years of American presence in Panama has made them a part of the cultural make-up of this wonderful nation that reflects US culture at every turn. Americans feel at home in Panama. 
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..How to purchase real estate in Panama:
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The Panamanian economy is perhaps the most stable in the Latin American region principally because the economy is not only tied to US currency, it's the only currency that's used. The official name for Panamanian currency is the Balboa. However, the name Balboa is nothing more than a name. The  Balboa is the US Dollar. You will have US Dollars in your pocket; you will have US Dollars in your bank account; you will write checks in US Dollars; you will use them to buy milk, bread, vegetables, gasoline, pay your bills, and purchase your property. You will never deal with any other currency, because there isn't any other paper currency in Panama. Because of that, low consumer prices haven't changed much in many years, and it will be cheaper for you to live in Panama for many years to come. Furthermore, unlike any country that doesn't use US Dollar currency, Costa Rica as an example, when you travel, there is no limit on the amount of US Dollars you can take out of a bank in Panama simply because there is no currency exchange as in other counties. 

For purchasing your property, you will have to wire transfer your investment capital for deposit into a Panamanian bank. A wire transfer is necessary because most countries have a limit to the amount of national currency you are allowed to take out of the country.  The US, for example, has a US$10,000 limit.  Of course, why would you travel with more than that amount in cash.  Making a wire transfer is efficient and smart, and it's simple and secure. Your bank in Panama will direct you on how to do it. A wire transfer usually takes about three days.  For daily needs, there's no need to keep wiring capital.  Simply arrange to have your income deposited in your US bank and make withdrawals periodically using your credit card Plus advantage at any ATM machine in Panama. 

As a property tax advantage, ownership of real estate in Panama equates to tax savings.  If you decide to build, you can apply for a new home exemption of taxes for the first 20 years. On top of that, not only are you tax exempt for properties valued under $20,000 but any such taxes above that (if declared), are frozen at that amount until you resell. 

Here are the steps to purchasing property. You'll see that much of the purchasing process is identical in nature to in the US. The bottom line is Panamanians, just like citizens of other nations including the US, have been buying, selling, and transferring property for centuries. Safeguards against fraudulent activities were set in place to protect your purchase long long ago. Before, during, and after the purchase of your property, you can rest assured that your interests, and those of the seller, are protected by legislated law.

The property you intend to buy should be titled in the owner's name. When you buy the property, the title is transferred to your name and recorded in the National Registry. From that point on the property is yours. Titled Property is the only kind of property you should buy and sell. You will know a property is titled if it is recorded in the National Registry.

These five steps are the steps needed to purchase real estate property in Panama:

Step 1: Agreement and Research

You've found your property and have agreed on a price with the owner. Next, you inspect the title in the National Registry.  The property title comes in the form of the Panamanian "Escrituras."  This document states the owner and description of the property. The seller has to also provide a map describing the size and its location. You also request a recent “Certificado de Registracion” which is similar to a title search in the US. This document will indicate if there are any leans or other legal complications against the property. All documents must be originals and have the signatures and stamps from the registration office. At the end of this step, you've confirmed the owner of the property and its location, and you've determined there are no existing leans or other legal complications against the property.

Step 2: Bill of sale & Taxes

The seller and the purchaser, go to the nearest city and obtain a form for a “bill of sale.” This document lists the seller and buyer and is basically used for sales tax purposes. You will receive a receipt and a copy of the form. Then you're off to the nearest Notary Public with your representative agent and the seller to transfer the title of the property.

Step 3: Title Transfer 

First, a note about Notary Publics in Panama and elsewhere in the region. A Notary Public in Panama does a lot more, is granted far more responsibility than a Notary Public in the US. A Notary Public in Panama, and also in other countries, is a high ranking official. In many countries, only lawyers can be Notary Publics. Government run Notary Publics have the final authority in regards to any legal transactions. Whether it be buying property or making a legal contract, they do it all. 

The old title, all previous land documents, and the new tax form are presented to the Notary Public with a minimal fee. The Notary in turn takes all the appropriate data, including that of the new owner, and types up the new title with the new owner's name, the seller, a description of the property, the location of the property, any special terms that may apply, etc. These documents then go into the Chief Notary’s office for final approval.

Step 4: Transfer of Funds for Purchase

Once the Chief Notary has signed these documents, it is then and only then that funds transfer hands. Payment is preferable by a certified check on a bank in Panama, the one you've wire transferred money to. If a third party is involved then any commission or service charge in the form of a certified check are also to be made. Same as in the US.

I've also known buyers to complete steps 1, 2, and 3 before wire transferring the funds for purchase. That involves putting up a deposit, usually about 3% of the sale price, and the buyer and seller signing a document stating that the balance is due once steps 1, 2, and 3 have been completed. In many cases, the buyer can authorize the bank that receives the wire transfer to disperse the balance once these steps have been satisfactorily met. You can bet the bank will help you double check all is in order before turning over the balance in Step 4. 

Step 5: The National Registry

Nothing gets done or completed in Panama until it is submitted to the National Registry and duly recorded. This is true whether it be a birth, death, marriage, divorce or buying property. This process normally takes several weeks but can be speeded up by having the documents hand delivered and presented to the main office of National Registry in Panama City. Once you have the title in your hands with all the appropriate signatures and stamps, the property is yours.

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Panama is an excellent place to retire. Panama's government has not only passed special visa legislation but generous benefits as incentive to potential retirees. The government realizes that the economic trickle down effect of retirees from North America and elsewhere out weighs that of only the potential of tourism.  All these great incentives are perhaps the best in the region and the world.
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Turnkey Purchasing
The purchase of real estate property in Panama and on Isla Taboga can be greatly facilitated by acquiring legal assistance from a number of very qualified law firms.  Not surprisingly, many lawyers in Panama have been educated in the United States and are members of the American Bar Association.

The following links can put you in contact with the some of the best lawyers in Panama and make your purchase secure, confidential, and perfectly legal:

Yellow Pages-Panama-Lawyers.com
Legal Info-Panama-Lawyers.com
Central America-Panama-Lawyers.com
Lloyd's Register-Fairplay Ltd-Panama-Lawyers.com
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Information presented on taboga.panamanow.com is made available for resource purposes only.  Users of taboga.panamanow.com should make all reasonable effort to check validity and accuracy of information presented on taboga.panamanow.com before using the information.
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