Today, I want to take a short stroll down memory lane.
I hope you’ll indulge me — because there’s something in it for you.
Let me explain…
A little over a year ago, I — along with fellow Real Estate Trend Alert members — took advantage of a RETA deal launch in Panama City.
I bought a two-bedroom condo in a development called Coco Place.
But before committing 100%, I wanted to get my boots on the ground, to see if the development — and Panama City — lived up to the promise.
Let me be clear — this was first and foremost a business trip. My primary goal was to check out Coco Place and the surrounding area to make sure I was getting my money’s worth. But our hosts also penciled in plenty of time for us to explore Panama City.
Here’s a picture of the incredible skyline I took while touring some neighborhoods across the bay:
Panama City is the skyscraper capital of Latin America, with 16 of the 25 tallest buildings…
I also had the chance to sample a variety of local cuisine at several restaurants. Meals included spiny lobster… a roadside Argentinian empanada… Panamanian cooked meats… and, of course, the local specialty: ceviche.
The more of Panama City I experienced, the better I felt about my decision to buy property there.
Then I visited Coco Place itself — and any lingering doubts vanished.
Coco Place is being developed in Coco del Mar, which is close to downtown but not crammed with high-rises. The coast is a short walk away, as is Parque Omar — one of the nicest, most well-maintained city parks I’ve seen in my travels.
Coco del Mar features a wide range of impressive properties, from well-appointed homes to extremely high-end condos. Coco Place offers young professionals a more affordable place to live in the area without skimping on amenities. Speaking of amenities… it will also have a rooftop pool, gym and events space.
I don’t think I’ll have any trouble finding a long-term tenant once the place is built — meaning I’m set to collect a nice revenue stream for years to come.
And if I ever get tired of earning money from my condo, the unbeatable location gives me confidence that I’ll be able to sell it for a nice profit.
Now — this wasn’t the only impressive real estate I saw on the trip…
The developers behind Coco Place are also working on three other properties in Panama:
- Playa Caracol.
- The Reserve at Santa María.
- Ocean Reef.
My trip included visits to each of them… proving these developers have a great eye for incredible real estate.
Here’s a brief look at what I saw on the tour of each of these properties…
Located less than 100 kilometers from Panama City, Playa Caracol is a new development with luxurious oceanfront condos. While still under construction, the views were stunning — whether you’re facing the beautiful white sand beaches or the stunning swimming pool.
Just imagine calling this your home… or collecting money from someone else who does!
Some RETA members actually decided to swap their Coco Place investment to buy here instead.
My take is — I’d rather own in Panama City and get a long-term renter for steady, predictable income.
But if I were buying a condo to use as a holiday home, I’d seriously consider buying in Playa Caracol too.
The Reserve at Santa Maria
Santa María is a master-planned community located a bit farther from downtown Panama City than Coco Place. The Reserve is a group of condominium buildings overlooking part of a golf course.
It’s not as close to a beach as other properties, but it offers the next best thing — an area brimming with white sand near the pool.
Residents can enjoy a round of golf, go for a swim, relax in the sand and then head off to enjoy the nearby shopping district of Costa del Este.
Sounds like paradise to me.
Ocean Reef is easily the most ambitious development property in Panama City. It’s made up of two man-made islands — the first ever built in Panama Bay.
The islands are connected by a bridge, with another bridge leading to the mainland. Homes on the island have access to a private marina, meaning people can live near where they dock their yachts.
We had lunch on one of the islands. The view showed we were close to the city but far enough away from the hustle and bustle to relax. This project is clearly one of the developer’s crowning achievements.
Each of these side visits just offered more proof of my investment’s potential. The condos at Coco Place are being developed in a top-notch location by a first-rate team in a first-rate city.
After my trip, I’m very happy I was able to get in for such a great price thanks to being a RETA member.
And that brings me to the opportunity I have for you today.
You can become a Real Estate Trend Alert member and get access to all the same deals… the same discounts… the same trips… that I do. You too can scout international real estate in Panama, Portugal, Spain, Costa Rica… and more.
If nothing else, you may get to experience top-shelf luxury in an exotic locale — just like I did.
Publisher, Unconventional Wealth
Adam Markley is the publisher of Unconventional Wealth and the financial strategy director for Agora Financial. In his career, he’s been involved with or touched nearly 500 businesses across a wide range of industries. Which means he’s seen plenty of what works — and more of what doesn’t.
An avid traveler, Adam has been outside...