A condominium in Marbella, Panama costs between US $250,000 and $750,000.
For $250,000, you can get a 1,615 square feet unit (150 square meters) with two bedrooms, three bathrooms, located between the 20th to the 30th floor, with a nice social area and in a good location. Getting this competitive a price may be rare but it is something that you have to put a little bit of effort on. You can still get a condominium unit at this amount if you take time to look around.
I bought an apartment for my mother forabout $270,000. The apartment is about four to five minutes away from my building. Her building is not as high-end as some of the other buildings in Marbella but it has everything that she needs and wants. It has a great social area, a swimming pool, spa, a gym and it is just right in front of the biggest mall in the Marbella area, which is the Multiplaza Pacific Mall.
For $500,000, you can get a 2,153 to 2,583 square feet unit (200 to 240 square meters) in Marbella. That will be a unit in a high-end building, with better amenities and in a better location. It might be a small unit for its price but it is so because the building is new and has better amenities. An example is the newly built apartment beside the building where I live. Apartment units there are about 30% more expensive than my apartment even though they have smaller units. Since it is a new building, the developers spent more on amenities and on the social areas (gyms, tennis courts, pool, salon, spa, etc). So the people who bought units in that building tend to spend more time in the social areas instead of inside their own apartments.