Santa Maria Panama Real Estate & Lifestyle Guide

Santa Maria at a glance

Master plan

Golf & country community + business district (EOT)

Golf

18 holes · par 72 · Nicklaus Design

Product

Towers + gated house communities

Expansion

Santa María Norte

Santa María is a master-planned community in eastern Panama City, adjacent to Costa del Este, organized around a golf course, a luxury hotel, a village center and a business district. Public planning instruments cover the Santa María Golf and Country / Business District zoning and master plan. A published preliminary master plan shows the golf course across a North Parcel (6 holes) and a South Parcel (12 holes).

The residential stock combines towers, newer projects and gated house enclaves. For current listings, see Santa María properties.

Who buys in Santa Maria?

High-net-worth families

Space, security and a golf-community setting.

C-suite & senior professionals

Proximity to Costa del Este business hubs and the Corredor Sur.

Panamanian buyers

Local families moving up within the eastern corridor.

International buyers

Interest from North America and Latin America. Among European buyers, Swiss, Spanish, German and French nationals are the most common profiles seen in Alex Barrelier's brokerage activity.

Typical buyer uses

• Owner-occupier / family lifestyle — primary home inside a golf community.
• Second home / relocation — international buyers establishing a Panama base.
• Long-term capital preservation — buyers holding property in a recognized premium address.

Same master plan

Santa Maria Norte vs Santa Maria Sur

Santa Maria Norte

Marketed in Santa Maria Norte

• Bosco di Santa María
• Casa Bosco
• Arena · Fronting hole 16
• Avanti / Oltre Bosco
• Capela (Verify)

Santa Maria Sur

Towers

• The Ivy
• La Maison by Fendi
• Santa Maria Court
• Ocean House
• La Vista on the Green
• Empire Residences
• Regent Santa Maria
• Signature Santa Maria
• Santa Maria Towers
• Vista Serena
• The Colonial
• Oceana
• Valery Point
• Pinnacle
• Azalea
• Albatross
• Solana
• Greenview Residences
• Casablanca
• La Résidence Tower
• Victoria Point
• Ébano
• Guayacán
• Celeste
• Madero

Gated house communities are listed separately below.

Master-plan completion percentage: no authoritative public figure — not shown.

Buildings & gated communities

Gated house communities

• Island Estate — Listings may use “Island Estates”.
• Península Estates — Luxury Residences: approx. 640 m² homes, under construction, delivery 2028.
• Fairway Estates
• The Reserve
• The Woods — Houses / duplexes, models from approx. 318 m².
• The Grove
• The Crescent
• Casa Bosco — Santa Maria Norte · residential homes, under construction, delivery 2028.

Broker-confirmed 2026 closed sale: Island Estate — record 2026 house sale: $7.8M · 900 m² construction · Approx. $8,667/m²

Buildings / towers

• Ocean House
• La Vista on the Green
• Valery Point
• Empire Residences
• The Ivy
• Pinnacle
• Azalea
• Albatross
• Regent Santa Maria
• Signature Santa Maria
• Solana
• Greenview Residences
• Casablanca
• La Résidence Tower
• Victoria Point
• Santa Maria Towers
• Vista Serena
• The Colonial
• Oceana
• Green Garden
• Village Center Residencial
• Santa Maria Court
• La Maison by Fendi
• Corotú
• Arena
• Bosco di Santa María

Editorial inventory reference based on public information. Linked names have a page on this site.

Price per m² — closed sale and asking samples

A broker-confirmed closed sale is shown separately from active public asking-price samples (Sep–Oct 2026). Not official building averages, appraisals or closed-sale rankings. Listings may be duplicated or stale.

Asking samples come from active public listings; the one closed sale shown is labeled separately. Closed-sale data can differ materially from asking prices.

A. Notable closed / broker-confirmed sale

1. Island Estate — Approx. $8,667/m² · Broker-confirmed 2026 closed sale · $7.8M / 900 m² construction

B. High active asking samples

1. La Maison by Fendi — Approx. $7,988/m² · Owner-supplied reference, not a portal-verified listing · $2.7M / 338 m²
2. Bosco di Santa María — $4,863–$5,177/m² · Range, several listings
3. Santa Maria Court — Approx. $5,047/m² · Single sample, furnished · $1.499M / 297 m²
4. The Ivy — $3,627–$4,099/m² · Range, several listings

Lower observed asking $/m² samples

1. The Woods — Approx. $2,909/m² · Single sample · Other current samples approx. $2,975–$3,440/m²
2. Santa Maria Court — Approx. $2,985/m² · Single sample · $800k / 268 m²
3. The Reserve — Approx. $3,063/m² · Single sample
4. La Maison by Fendi — Approx. $3,589/m² · Single sample

Asking price per m² varies unit by unit — floor, view, size, condition, furnishing, and whether a house figure refers to construction area. A building can appear in both asking lists; closed-sale and asking figures are never ranked together. "Lower observed samples" are not the cheapest buildings in Santa María, and asking prices are not closed sales.

Public market commentary describes Santa María condo pricing broadly in the high-$2,000s to mid-$3,000s per m², depending on building, floor, view and finish.

Santa Maria price history — reference points

Price per m², historical reference points

• 2021: Approx. $2,750
• 2022: Approx. $2,811
• 2023: Step-up
• 2024: Broadly stable
• 2025: Approx. $3,350
• 2026: Approx. $3,800/m² — Active asking sample average

2023–2024 bars show documented market direction; exact annual values are not displayed.

2026 active asking sample:

• Average: Approx. $3,800/m²
• Median: Approx. $3,680/m²
• New and premium projects frequently ask $4,000–$5,000+/m².

Active asking sample, not an official market index. Duplicate or stale listings may exist.

Santa Maria rental market

Active public rental listings observed in 2026. Asking rents, not signed leases. No market-wide average is calculated.

Asking rent per m² per month, by building

• The Reserve: $17.77–$18.51/m² · 2 samples
• Santa Maria Court: Approx. $19.78/m² · 1 sample
• The Ivy: $21.60–$23.90/m² · 2 samples
• La Maison by Fendi: $23.88–$26.69/m² · 4 samples
• Ocean House: $24.24–$30.00/m² · 2 samples

• Smaller and furnished units can command a higher rent per m².
• Large legacy units may show a lower rent per m² despite a high absolute rent.
• Asking rent is not a signed lease.
• Condition, furnishing, view, floor and lease terms materially affect rent.

Projects & construction pipeline

Status and delivery are shown only where verified from a current public developer source; otherwise marked Verify.

The heart of the community

Santa Maria Golf Club

Design

Nicklaus Design

Management

Troon Golf / Troon Privé

Course

18 holes · par 72

Length

7,153 yards (back tees)

The course offers four tee locations and greens built to USGA construction and drainage standards. Facilities include a driving range, equipment rental, professional lessons and the Santa María Golf Academy.

Membership

• Regular membership: only Santa María residents and property owners can apply; applications go through approval.
• Executive Membership: for qualifying senior executives, diplomats or international representatives; valid for 2 years and still subject to approval.

Current membership fee: not publicly published — confirm directly with Santa María Golf Club. +507 340-9300 · [email protected]

Historical reference only, not a current quote: an older recruiting document from the course operator mentioned membership fees of approximately $50,000–$60,700 and 425 active golf members.

Lifestyle in Santa Maria

Daily life in Santa María can happen largely inside the master plan: groceries, coffee, dining, fitness and the hotel are all within the community, with Costa del Este next door.

Santa Maria Village Center

Total area

Approx. 40,000 m²

Retail

Approx. 10,000 m²

Apartments

42 units

Access

Pedestrian + vehicular

A mixed-use development inside Santa María with a supermarket, pharmacy, restaurants, café, laundry and other services, integrated with pedestrian and vehicular circulation.

• Foodie
• Café Unido
• BBQ Fellas
• Felipe Motta
• Häagen-Dazs
• Lupo

Tenants as listed at review time; tenants can change.

Santa Maria Plaza — Business District entrance

Commercial area

>14,500 m²

Ground floor

22 stores

Level 100

21 stores

Parking

598 spaces

Anchor tenants:

• Supermercados Rey
• Panafoto
• Farmacias Arrocha
• Planet Fitness

The Santa Maria, a Luxury Collection Hotel & Golf Resort

The luxury hotel inside Santa María, with golf course access and easy reach of Costa del Este and Tocumen International Airport via the eastern corridor.

• Three dining concepts
• Spa
• Fitness center
• Pool
• Events & meeting space
• Golf access

Dining examples

• BBQ Fellas — Village Center
• Lupo — Village Center
• Mika — Santa María Plaza
• The Grill House — The Santa Maria hotel
• Mestizo — The Santa Maria hotel

Getting around

• Costa del Este / Town Center: Approx. 3.2–3.9 km (2.0–2.4 mi)
• Tocumen International Airport: Approx. 8.5–11 km (5.3–6.8 mi)
• Pacífica Salud Costa del Este: 4.0 km (2.5 mi)

Approximate distances vary by starting point inside Santa Maria and route.

Schools & healthcare

Schools / education

• Academia Interamericana de Panamá (Costa del Este): Approx. 5.0 km (3.1 mi)
• Boston School International — Costa del Este: 5.9 km (3.7 mi)
• The Casco School — Costa del Este campus
• International School of Panama: Approx. 8.5 km (5.3 mi)
• Colegio Brader: Approx. 2.8 km (1.7 mi)
• Colegio San Agustín Panamá: Approx. 3.1 km (1.9 mi)
• El Colegio de Panamá: Approx. 6.9 km (4.3 mi)

Healthcare

• Pacífica Salud Hospital Costa del Este: 4.0 km (2.5 mi)

• Located in Town Center Costa del Este
• Affiliated with Johns Hopkins Medicine International

Pros & considerations

Pros

• Quiet, peaceful setting with abundant green areas.
• Spacious streets and generously sized residences.
• Lower-density feel — not crowded compared with dense urban tower districts.
• Walkable inside the gated community, with internal paths and community areas.
• Strong security and controlled access.
• Golf, hotel, retail and services integrated into the master plan.
• Choice between towers and gated house communities.
• Next to Costa del Este and the Corredor Sur.
• Recognized premium address for local and international buyers.

Considerations

• Asking prices vary widely by unit; compare against closed sales before offering.
• New supply in Santa Maria Norte can compete with resale stock.
• Pre-construction purchases carry delivery risk — verify developer track record.
• Golf membership is approval-based and fees are not published.

Off-market in Santa Maria

Some owners in Santa María prefer not to advertise publicly. When discreet opportunities exist, they are shared directly with qualified buyers. This page does not imply any specific off-market inventory.

Off-market opportunities · Contact Alex

Professional opinion — not a guarantee

Alex Barrelier — 5-year outlook

• Continued North expansion. Santa María Norte is likely to keep absorbing most new launches.
• More efficient layouts. The product mix may keep shifting toward smaller, better-planned units next to large legacy apartments.
• Finite golf-front land. Premium frontage is limited, which can support those positions.
• Supply as counterweight. Delivery timing and future supply can pressure prices and resale liquidity.

My view is that the moment to enter Santa Maria is now. The cost of entry continues to rise as the remaining opportunities — especially in Santa Maria Sur — become scarcer. As new inventory is absorbed, I expect well-bought resales in Santa Maria Sur to become increasingly attractive opportunities for capital appreciation.

This is my professional opinion, not a guarantee of future returns.

Opinion of Alex Barrelier as of October 2026.

Frequently asked questions

Where is Santa Maria in Panama City?

Santa María is a master-planned golf and country community in eastern Panama City, next to Costa del Este, built around an 18-hole golf course, a luxury hotel, a village center and a business district.

What is Santa Maria Norte?

Santa María Norte is the northern expansion of the same master plan. Bosco di Santa María, Casa Bosco, Arena and Avanti / Oltre Bosco are publicly marketed there. Public planning material shows the golf course split across a North Parcel (6 holes) and a South Parcel (12 holes).

What is the highest price per m² in Santa Maria?

A broker-confirmed 2026 closed sale in Island Estate reached $7.8M for a house with 900 m² of construction — approximately $8,667/m². Active asking prices are reported separately on this page.

Can anyone join the Santa Maria Golf Club?

Regular membership is open only to Santa María residents and property owners, subject to approval. An Executive Membership exists for qualifying senior executives, diplomats or international representatives, valid for 2 years and also subject to approval. The current fee is not publicly published.

What shopping is inside Santa Maria?

The Village Center (approximately 40,000 m², roughly 10,000 m² retail) has a supermarket, pharmacy, restaurants and cafés. Santa María Plaza at the Business District entrance adds anchors such as Supermercados Rey, Panafoto, Farmacias Arrocha and Planet Fitness.

Are there houses in Santa Maria, or only towers?

Both. Gated house communities include Island Estate, Península Estates, Fairway Estates, The Reserve, The Woods, The Grove and The Crescent.

About the market data

This guide is maintained by Alex Barrelier, a licensed Panama real estate broker working directly with buyers, sellers and developers in Santa María. It combines active public asking listings, public developer/planning information, Alex Barrelier's brokerage observations, and verified transaction data only where explicitly stated.

Asking data

Active public listings, observed Sep–Oct 2026. Duplicate or stale listings may exist; single-listing samples are labeled.

Rental data

Active public rental listings, observed 2026. Asking rents, not signed leases.

Historical series

Verified public reference points only; intermediate years qualitative.

Closed sales

Only the explicitly labeled broker-confirmed sale. Registry data is not claimed.

Professional opinion

Labeled separately (5-year outlook, broker notes).

Last reviewed

October 2026