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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.

69 responses to “Penonome – “Best Value” Panama Lifestyle”

  1. Charles olk

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

  2. merwan

    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

  3. Diane

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

  4. jayme

    please add me to your list :)

  5. 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.

  6. EM

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

  7. Mark Coulter

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

    Thanks,

    Colt

  8. Leon

    Please send me a report when it is ready.

    Thanks

  9. marisol wright

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

  10. marisol

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

  11. Diane

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

  12. Eugenio Gonzales

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

  13. 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..

  14. 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.

  15. maxi moskow

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

  16. 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

  17. Jim Westhead

    Please add me to your list thank you very much.

  18. 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

  19. Terry Schmidt

    Please add my name to your wait list.

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