If you must have vibrant, urban nightlife in your immediate neighborhood, Coronado Panama may not be for you. Coronado is more casual and laid back as opposed to being known for clubs and live music.
Even though Coronado, Panama isn’t known for its nightlife, it does have nice social attributes. The Coronado community is very close knit, and so there are many, many dinner parties, and there are also a handful of restaurants and bars that have weekly happy hours and entertainment. So, at least Tuesday through Saturday, you can find some sort of nightlife to participate in, but it won’t be varied from week to week. As an example, every Wednesday night, people will show up at Picasso’s Grill & Bar for happy hour. Coronado is more of a quiet, "happy hour kind of place." There’s only one place where you can really go out dancing to midnight or one in the morning.
Panama City, however, at just one hour away, has any nightlife you could want.
What my husband and I do, or what my girlfriends and I do when we want to have a night out on the town, is to go to Panama City for the night and get a hotel room. From there, we like to go to Casco Viejo (a section of Panama City known for nightlife) and enjoy great restaurants and great dancing with tourists and local Panamanians alike. It takes us one hour to get to Casco Viejo from Coronado.
Sometimes, we don’t get a hotel room and many other people don’t, either. In this case, we would just drive directly to Panama City. Some people drive, and other people take the bus and then a taxi. Taking a bus is a great alternative (especially as opposed to drinking and driving) because the busses run to about 2 in the morning I believe, and they drop you off directly in Coronado.
We used to live in San Clemente, in Southern California. At one hour away, Coronado is closer to Panama City than San Clemente was to many of the larger entertainment venues towards Los Angeles.