Penonome – “Best Value” Panama Lifestyle

When I first came to Panama nearly 10 years ago, I was drawn by the friendly people, the laid-back lifestyle, the variety of activities and exciting destinations to explore.

Since then, many of Panama’s most attractive areas for lifestyle have become much more expensive, with housing and land prices rivaling or even exceeding the prices for similar properties in the U.S.

Rock Bottom Prices

There is one exception however, sitting right under everyone’s nose and minding its own business: Penonome.  Penonome is the folklore capital of Panama and currently offers some of the most attractive real estate investment opportunities in the country.  Penonome affords a peaceful country lifestyle at rock bottom prices.  If you thought you missed the boat on Panama and can no longer afford a good life here, think again, Penonome might be your ticket.

Penonome is the folklore capital of Panama, and is known for its handmade hat and cigar production

Penonome is the folklore capital of Panama, and is known for its handmade hat and cigar production

 

Close To Everything Yet A World Away

Penonome is close to everything yet a world away.  A medium sized city by Panamanian standards, Penonome is a comfortable 90 minute drive along the PanAmerican highway from Panama City.  Penonome is about 25 minutes from the most exclusive white sand beach resorts in Panama, including Playa Blanca (with one of the world’s largest swimming pools), Decameron Resort (complete with an 18 hole golf course), Nikki Beach, Vista Mar, Buenaventura, and several more in various stages of planning and construction.

Yet, if living in a high rise tower in a beach resort compound is not your thing, Penonome offers a quaint and affordable alternative.  In Penonome, you can buy 40 acres of rolling hills with spectacular 360 degree mountain views for $80,000.   A 25 acre river front estate with fixer upper house is currently on offer for $110,000, and a tastefully finished, centrally located four bedroom home is available for $100,000.

What I liked most about Penonome is the warmth of the people and the heritage and folkloric elements of the community.  Hat salesmen are not pesky, and do not target tourists – they intend to sell their hats to the local farmers who need a new hat. The town is bustling with activity – shops, banks, supermarkets, and a hospital offer everything you need for a convenient and comfortable lifestyle without the tourist traps.

In Penonome and neighboring village La Pintada, you can enjoy open country views without sacrificing modern conveniences.

In Penonome and neighboring village La Pintada, you can enjoy open country views without sacrificing modern conveniences.

Some of Panamas finest beaches are a short 25 minute drive from Penonome, where you can drop in a boat or hire a local fisherman to take you out to sea.

Some of Panama’s finest beaches are a short 25 minute drive from Penonome, where you can drop in a boat or hire a local fisherman to take you out to sea.

 

The foothills surrounding La Pintada and Penonome are full of mountain-fed rivers, which offer a crisp, cool alternative to nearby salty tropical beaches

The foothills surrounding La Pintada and Penonome are full of mountain-fed rivers, which offer a crisp, cool alternative to nearby salty tropical beaches.

For an authentic folkloric experience we took the meandering paved road north of Penonome and in 10 minutes we arrived in La Pintada, a quaint village dotted with neatly landscaped country homes, proud shopkeepers, and homey restaurants.  La Pintada feels like it belongs in a story book – we spotted a hand-made cigar factory, hand-made hats, and hand-made ice cream… just about everything in La Pintada is still hand-made it seems.  Real people offering real services, just the way it used to be.

Farming is still the lifeblood of the communities surrounding Penonome.

Farming is still the lifeblood of the communities surrounding Penonome.

Penonome is the place to actualize your gentleman’s ranch, your garden oasis, your organic farm project, or your river front spa.  And you can do it economically.  New construction in this area is still only about $40 – $50 per square foot complete with high quality marble, granite, and tropical hardwood finishes.  A brand new 2000 square foot estate home with a pool on a couple of acres with fruit trees, mountain views, and river frontage will set you back less than $175,000 – home and land included.

But it gets even better.  Daily expenses like water, electricity, property taxes, insurance, landscaping and domestic help are so cheap you won’t even notice they are there – any old social security or pension check will do.  High speed internet is also available at reasonable rates.

To spice up your lifestyle even more, hire a boat over at Juan Hombron, a fishing village about 20 minutes away, complete with a nice white sand swimming beach.  If you don’t catch anything, don’t worry, you can buy fresh fish from the locals for a couple of dollars and bring one home to your ranch estate to dine in privacy.  How about a hand-made cigar at the end of your meal to round out the evening?

For those of you interested in more information on Penonome, we are preparing a special report. Leave a comment in the comment section below to be added to the waiting list for this report.

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Featured Posts Forums Penonome – “Best Value” Panama Lifestyle

This topic contains 67 replies, has 6 voices, and was last updated by  robert noviello 1 month ago.

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  • #9893

    robert noviello

    Im interested in any more info you have to share about this area. I might be looking for a retirement lifestyle away from the USA. I dont need a large home just the right size for us two. keep me informed,thank you,,Robert

  • #9894

    DR WILLIAM STAFFORD

    I am interested in Panama.

  • #9895

    Terry

    Please put me on the Penonome report waiting list; thanks.

  • #9896

    Marcia Lynn Hinkle

    Thank you, Sounds good I want more information please.
    Happy hunting. You’al got my attention. Peace & Love, Marcia

  • #9897

    bob jacobs

    Please put me on the list

  • #9898

    bob jacobs

    please put me on the list for the report of Penonome.I’m very interested in the area

  • #9899

    Betty Nadal

    yes a want mor information

  • #9900

    Gus Falconer

    I’d be most interested to read your special report on the Penonome area… sounds extremely interesting; I’m looking for life in the slow lane anyway.
    Gus Falconer

  • #9901

    Sally Mcgarr

    Please send more onfo on Penonome

    Sally

  • #9902

    Mickey Stone

    Please put me on the list for the report of Penonome.

  • #9903

    lyle haley

    Please put me on the list for the report of Penonome.

  • #9904

    george chung

    Please kindly put me on your waiting list. Thanks.

  • #9905

    mark lundblad

    please include me on your list for Penoname info gracias mark lundblad

  • #9906

    Yvonne

    Penonome sounds great! Please add me to your list.
    Thanks

  • #9907

    Zdenek

    Please,put me on,4 the report of Penonome.I’m all over.Thx Zdenek

  • #9908

    Betty

    Hi.
    I’m thinking about purchasing a home in panama, but don’t know where, yet. Any reasonable price places nearby a meditation yoga retreat?
    Many blessings,
    Betty

  • #9909

    Jim Thompson

    Please keep me informed on Penonome……I am quite interested in that area of Panama, the exact centre of Panama……..JT

  • #9910

    Liz Loeffler

    Penonome appears to be a strategic location for a new life with some delightful opportunities. Please send more information as I am interested in visiting.

    Thank You

  • #9911

    Please send me the report when is ready. Thanks.

  • #9912

    Please send the report. Thanks

  • #9913

    Carole K.

    Please place me on the list. I’m very interested in learning more.

  • #9914

    Bruce Vader

    Penonome sounds great! Please add me to your list.
    Thanks

  • #9915

    Mike Legends

    Looking to retire in Panama…Sounds like an excellent location with great value. Looking forward to reviewing your information!

  • #9916

    Mel Deweese

    Excellent – excellent info. ! thank you – I am extremely interested in Penonome area. I am ret. USN, ret. USPS and have Soc. Sec – I am ready to trip to the area and check it out !

  • #9917

    jack

    Are there any rental properties in Panama, Penonome especially. I would like to retire on a reduced social security and do not have the money to buy.

  • #9918

    Jim Thompson

    Back in February, I first read this article and put my name down for a special report……It is heading towards August, so where is this report, Michael? JT

    In case you forgot and I quote “For those of you interested in more information on Penonome, we are preparing a special report. Write to info@retireworldwide.com to be added to the waiting list for this report.”

  • #9919
    Profile photo of Captain Picard
    Captain Picard
    Keymaster

    Jim, The report was completed shortly after this post was published and sent to all interested parties. I will send you a copy. Michael

  • #9920

    sarah christman

    send me any information you have

  • #9921

    Sonia Schafer-Gomes

    I want to know about how safe is the place. I and my husband are in the process of retirement, and we cannot afford live in USA with Social Security. Please I am extremely interested about Penonome
    Sonia Schafer-Gomes

  • #9922

    Steve Matthews

    Very interested in River homes with a couple of acres. Will be there in January or Feburary 2011 with one year left until retirement. Send me more infomation please

  • #9923

    Mary Corey

    Sounds intriguing. Please put me on the mailing list. Thanks

  • #9924

    Dave Kalenits

    Please send me a copy of the report.
    Thanks
    Dave

  • #9925

    ROD TAYLOR

    I am cosidering retirement in Panama and would love to get all the information I can get. Thank you for your help!!

    Rod Taylor

  • #9926

    Paule

    Would you please send me the report on Penome and any additional information about Panama.
    Thanks

  • #9927

    cecelia scegiel

    could you please send me any info you may have on penome,panama. thank you

  • #9928

    Selena Gomez

    Wow .
    This is so interesting.
    I am planning on going to Panama for vacation next summer, a break from work.

  • #9929

    Al

    I have spent considerable time in Panama and have been and shopped along the streets of Penonome…

    I can vouch it is a nice town with friendly people..

    Hot though… very hot and dry.. unless it’s raining.. in which case it REALLY rains! I call it the “Panama Rain”.. once you see it you’ll know what I mean!

    There are lots of nice places in Panama.. don’t get all excited about just one place.. they are everywhere.

    Al

  • #9930

    ralph schneider

    tell me more about Penonome-esp. the weather and medical facilities

  • #9931

    Sharon Lewis

    Hi. I just read your article today about Penonome, Panama. My sister just retired this fall from working for a state community college. She is thinking about living overseas, but can’t decide between Panama and Costa Rica. This area of Panama sounds nice and very reasonably priced. She would only need a small 2 BR cottage with basic modern conveniences. Please put my name on the list, as I am looking for overseas properties online for my sister.

  • #9932

    Rick Brroks

    pls send me report when available

  • #9933

    Leland Coil

    Hello, read your article on Penonome and would like to receive a copy of your report on same. Thanks. Am also interested in the Panama teak reforstation if you have any info on that, or could give me any good links, I’d appreciate it. Thanks. Leland

  • #9934

    Cheryl Woods

    Please send me the report on Penonome and the airport that is to be built near there.

  • #9935

    LeiLani and Kevin Vevang

    please send information on Penonome area, especially the river front, farming, view areas.
    thank you

  • #9936

    Steve Roening

    Please send me a copy of the report for Penonome area and other areas in Panama as I am interested in retiring in Panama.

    Thank You

  • #9937

    Glendora Paxton

    I am interested in the report on Penonome, please put me on the waiting list. I would also be interested in other areas that are still reasonably priced.

    Thank you
    gp

  • #9938

    W. Perkins

    I am interested and would like to know more about cost of housing, available housing, and the general area. Is there any benefits for retirees?

    Thank you.

  • #9939
    Profile photo of Captain Picard
    Captain Picard
    Keymaster

    Please put me on the waiting list for the special report on Penonome.

    thank you.

  • #9940

    Rick Butler

    I am interested in the report on Penonome, please put me on the waiting list also. I would also be interested in other areas nearby that are still reasonably priced like towards Rio Hato.
    Thank You, RB

  • #9941

    Terry Schmidt

    Please add my name to your wait list.

  • #9942

    eric

    My wife wants to move/retire to Panama City with our two grade school kids, but I am not sure. Would be interested in your opinion. Nice article. Thanks

  • #9943

    Jim Westhead

    Please add me to your list thank you very much.

  • #9944

    Robert Griffiths

    Interested in a long term rental for 2 senior folks. Looking to explore the idea of retiring in the Penonome area. Temperatures seem right and altitue is good for me. I do have COPD but not terribly bad. Any info would be very helpful. Thanks in advance

  • #9945

    maxi moskow

    we are very interested in the reports about Penonome; please put us on the waiting list.
    thank you
    mm

  • #9946

    Paul Boulanger

    I currently own a townhouse in Costa Blanca. Would be interested in investment opportunities in the Penonome area. Would consider an existing home or land upon which I could build a home. I’m also interested in your report when it becomes available.

    Thank you.

  • #9947

    Lynn

    As a child we lived in curundu, but often went to Penonome area (Sonadora) where my mother is from. We played in the river swinging from trees and hated going back home. Now I live in the Us, but go back every year to visit our family. My children look forward to going as well and playing in the same river. there is so much history, the people are friendly, shopping is great and it’s such a peaceful place to be. While there we support “The Casa de Campesino” close to the hospital, please stop in to say hello and learn more about this wonderful project that houses the poor while their loved ones are in the hospital as well as recovering patients. Once there you will fall in love with this town. It is always hard to leave. My heart will always be there. Lots of great adventures to be had too..

  • #9948

    Eugenio Gonzales

    I am interested in land at Penonome. I will be in Panama next year 2013 to visit. Keep in touch.

  • #9949

    Diane

    Love your articles Michael, put me on the list for the Penonome report. Thanks

  • #9950

    marisol

    i’m interested to know more about cost of housing and report on Penonome ,and other areas too.

  • #9951

    marisol wright

    I’m interested in receiving the report on Penonome and other areas too.

  • #9952

    Leon

    Please send me a report when it is ready.

    Thanks

  • #9953

    Mark Coulter

    Yes, I am very interested in learning more about Penonome and other great retirement areas.

    Thanks,

    Colt

  • #9954

    EM

    I would like to know more about the two pieces of property you mentioned with acreage or any similar in size and price.

  • #9955

    john Gordon

    I am interested in receiving the latest report on Penonome pertaining the real estate and living there. It is my understanding that this area is very well recognized as a good area to reside as it is only about 90 minutes from Panama City.

  • #9956
    Profile photo of jayme
    jayme
    Member

    please add me to your list :)

  • #9957
    Profile photo of Diane
    Diane
    Member

    Please add me to your list – sounds like a place I need to check out! Thanks!

  • #9958
    Profile photo of merwan
    merwan
    Member

    Thanks for the wonderful report on Penonome. I am interested in on retiring in Panama, and start an organic fruit farm business with some like minded people.

    I am a Canadian citizen and a nutritionist. I plan to visit Panama end of March for the first time. I don’t know Spanish, which will be a challenge, and will try to learn some from the internet. Penonome seems to be the ideal place to settle down on my limited monthly pension. If there is any suggestion or advise on how to navigate in Panama I would very much appreciate it. Thanks

    Merwan

  • #9959
    Profile photo of Charles olk
    Charles olk
    Participant

    i’m interested to know more about cost of housing and report on Penonome ,and other areas too.

  • #9892
    Profile photo of Captain Picard
    Captain Picard
    Keymaster

    When I first came to Panama nearly 10 years ago, I was drawn by the friendly people, the laid-back lifestyle, the variety of activities and exciting d
    [See the full post at: http://www.retireworldwide.com/retirement-communities/panama/penonome/penonome-best-value-panama-lifestyle/]

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