Frequently Asked Questions

Find all answers related to financing, visas, planned amenities, health care, safety and much more right here.

Quick topics

The project

What is the current status of the project?

You can read all about the current project status of Coco Beach here.

Which amenities will there be at Coco Beach?

Coco Beach offers various amenities within the project. Read more about our planned amenities.

Why is Coco Beach a good investment?

You will invest in a beautiful private beach with a deep blue sea, incredible sunsets and miles of pristine waving palm trees. Read more about investing in Coco Beach.

What is your building realization status?

Three communities are currently in the building stage, “Coco Beach”, “Campana Villas” and “Villas de Chica”. Project “Gatun Beach” is also in the lot delivery stage.

What activities can I undertake around Coco Beach?

Coco Beach is a 10 minute drive away from Puerto Armuelles and a one-hour drive away from the second largest city of Panama, David. Have a look at all activities in the area.


How sustainable is your project?

All our villas will come with solar panels included. In Panama we are the only company developing a luxury resort and community with this large amount of care for the environment. Read more about our sustainability goals

What services do you offer?

We love to make your journey towards owning your Coco Beach property extremely relaxed, as it should be! Have a look at our services.

What are the lot prices?

Is the road toward the development paved?

The road entering to Coco Beach is not paved, but it will be maintained by Coco Beach during the year.

Upon request the following clause can be added to the standard purchase contract:

*Coco Beach management garantees that the entrance road between the highway “Avenida de las Arenas” and the Coco Beach project entrance will be yearly maintained by Seller and Seller will garantee a road quality similar to the quality of the roads within the Coco Beach project. Similar is this respect is defined as “offering a similar driving experience, although not necessarily 100% similar in terms of materials used but without potholes, and well maintained”. This clause will apply as of 1-1-2020. 

Does the area or the development flood during the rainy season?

The most rain falls during October, but the sun comes out during the day and in the afternoon it rains. The climatic regions are determined less on the basis of temperature than on rainfall in Panama. Almost all of the rain falls during the rainy season, which is usually from April to November. In general, rainfall is much heavier on the Caribbean than on the Pacific side of the continental divide. A (funny) side note: In general Panamanians do not watch the weather forecast, because it rarely rains for more than 2 hours uninterrupted and then the sun comes out!

Is there a river on or near the property, can that river flood my property?

Coco Beach has never experienced a flooding situation. There are two rivers to the east and to the west of the property. There also is a stream connecting the two rivers which runs adjacent to the property but this river is more a tidal river and is currently mostly dry. Theoretically every river can flood a certain area, if it rains hard enough, but at Coco Beach experience shows that the rivers do not threaten the coastal area.

How is the beach? Is it clean? Is it blue and clear water?

The beach is beautiful, in Coco Beach we always keep it neat and clean. The sand is volcanic gray. Water is not transparent, but it is warm and nice during the whole year. The views are stunning, and at the shore, you can see the different colors from the ocean. The colour of the water is affected by the degree of waterflow through the rivers, if there is heavy rain, sediment is washed into the ocean, once it settles down the water turns back to its usual blue color.

Is the property gated?

Yes, it is a gated community with 24/7 security, and we will have visitor control at the entrance. 

Is the access road a concrete?

No, the access is dirt road, but it is constantly being maintained without any potholes.

Is the internal road Concrete?

No, the roads in Coco Beach are made of gravel, which adds to the natural feel of the project

Will the community have Water Treatment plant?


Will the community serve by City water (Community reservoir and Pump system)?

Yes. The water for the Coco Beach resort will be supplied and tested by IDAAN, a national institution and is potable. Recently a test has been done to determine the water quality and it was found that the chlorine content was a little low. IDAAN will correct this situation. The water quality will be regularly tested by IDAAN. An industrial water meter is installed at the projects entrance. To service the green areas in the project water will be used, which will be billed to the owners, through the agreements within the Home Owners Agreement. Owners are allowed to water their lawns during dry season.

Will the development have Subterranean to lot electricity?

Yes, the infrastructure of the project was completed in 2018, including underground electricity, drinking water, and the roads. Electricity will be billed directly by the electricity provider.

Will the development have landline phone, and good cell phone reception?

Yes, the development will have all the services and in fact, companies that provide a package with internet, cable, and landline. Cellphone service is excellent. 

Will the development have Cable Internet access?

Yes, just for your information there is no fiber optic cable available at Coco Beach. There is a wireless connection. Fiber optics have no use because there are no fiber optics nearby to connect to the community. The current infrastructure at Coco Beach does provide for the future connections because there are “open tubes” already in place in the ground. The speed of the wireless internet access will be 25-30 mbit per household which is sufficient for video calling/streaming etc. This is currently the maximum we can receive in the Puerto Armuelles region. Once the networks are upgraded the speed will be upgraded at Coco Beach as well.

Around the project

Where is the closest doctor or clinic?

Hospital: The closest hospital is New hospital Diosnisio Arrocha in Puerto which is 20 minutes from Coco Beach. The hospital is brand new.

Please find additional information here.

Can I swim in the ocean or are there rip tides?

Yes, you can swim in the ocean and we encourage all our customers to do so as the water has a fantastic clean feel and the perfect temperature. There are no riptides which is an important advantage of Coco Beach relative to other competing developments such as Las Lajas. The surf is long and not deep and it is possible to stand in the water at distances up to 50 meter from the beach. We do however ask customers not to swim too close to the rivers, as an inflatable matras can be carried to sea by the waterflow from the river, especially when the wind is off land. This is not different from any other area with rivers worldwide. As long as a swimmer stays away from the low currents of the rivers, which is easy as the beach is a mile wide, there is in our opinion no danger. Once again, there are no riptides or strong undercurrents.

What amenities, stores, churches, etc. does the area offer?

  • Beach club operational in 2020 at Coco Beach
  • Pool operational  2020 at Coco Beach
  • Guarded gated entrance at Coco Beach operational 2020

View all our planned amenities here.

In the immediate are you will find small stores were you could find basic supplies. At only 30 minutes, you can go to the border with Costa Rica and you will find some big department stores. Within an hour, you will be in David where the biggest stores are located, including
a brand new multi-million dollar shopping mall development. View all nearby activities.

You may find a variety of churches all around the province. Near Coco Beach there is a catholic Church, Christian Evangelic and Adventist.

Banco Nacional, Caja de Ahorros.

Framacia Tiffany, Metro Farmacia

Romero (big supermarket chain in Panama), Supermercado Mucho Mas Market, El Madarín and others. View everything within 10 minutes of Coco Beach.

The Developer

Does the developer have their financing in place?

In the unforeseen event, that the Coco Beach resort becomes insolvent or if the investors feel it is no longer viable to operate, the homeowners rights are specifically described in the HOA. Please note that the Coco Beach project has no bank loans and has wealthy investors backing the project. Also, please note that 81 “ready-to-build” lots will be registered in the public registry of Panama by April 2019. The buyers of the “ready-to-build” land will be the owners and have the right to build. So independent of what happens to the current owners, the future owners will ensure the further development of the project. Again, even in the event that the Coco Beach owners become insolvent, you remain owner of the land that you bought and the villa that you constructed. It could however happen in such an event that some of the amenities will not be constructed. To counter this risk we offer the possibility to add “money back guarantees” to your contract which describe the obligations in case the planned amenities are not realized in time. These guarantees will enable you to monitor the project and to get out as soon as certain amenities are not realized or are delayed. The owners are very much committed to the project and want it to succeed.

Villas & property

Do you arrange financing?

Do you have finishing options?

Our Villas have a variety of finishes. View all finishes.

Do you support solar power?

In fact solar power on our villas is mandatory and included in our villa price.

How can I generate rental income?

Starting in 2020 Coco Beach will offer a professional rental management service to our clients.

Which construction methods do you use?

At Coco Beach all villas are build using very strict standards of construction. The villas build are both earthquake and hurricane resistant. Read more about our construction methods here.

Will it be easy to sell my property?

Yes, we are having high demand of lot and it is a great investment opportunity. Please click here to see further details.

Can I rent the property?

Yes, Coco Beach will have a full service rental management program. You only will have to indicate the time period(s) you want to make your beach villa available for rental and we will take care of the rest. This way your villa will generate income while you are gone. See our rental program.

Will my property have more than one assigned parking?

Standard each house will have 1 driveway, upon request we can provide more parking space taking individual requests into account.

Is condominium fee well described in the bylaws?


Is the percentage of condominium fee for each property in the bylaws?

The fees of the Home Owners Association will be 75 $ per month during 2019 and after 2020 the fees will be determined by the owners. Read more about the HOA here.

Does the developer charge in different phases (i.e. 30%, rest at closing)?

Please find the following purchasing options:

  • $1,000 reservation on the lot you prefer (refundable after two months if you decide Coco Beach is not what you want)
  • 10% at signing contract
  • Rest by transfer and depends on budget – financing – timeframe
  • Bank financing options for villa+lot: Non-natives up to 70%. We will be happy to assist you getting bank financing.
  • Banks will finance foreigners for up to 25 years with interest rates between 5 and 8%.
  • $1,000 reservation on the Lot (refundable after 60 days if you decide Coco Beach is not what you want)
  • 30% of lot price at signing contract
  • 70% of lot price at delivery of lot
  • With this option, you have up to 2021 to build your Villa either with us or with another contractor.

The following chart will show the payment structure:

Showing payments as % of villa price: 
1. Sign villa contract:10%
2. Approve design:10%
3. Start construction:10%
4. Foundation/walls:20%
5. Roof, windows, doors:20%
6. Interior floors and walls:20%
7. Finished to move in:10%

In case of bank financing, the required payments could vary from the above.

Can I withhold 10% of the balance until after the home inspection?

Yes, final payment is only due after the final home inspection.

Can I withhold 10% of the balance until the whole project is delivered?

No, we do not offer this clause. We do guarantee that the developer will develop certain amenities and the most important amenity (beach club and pool area) is already under construction. 

Does the option to purchase describe what will happen with my money if the developer does NOT finish the project?

This is described in the purchasing contract. It clearly states that the developer will be in default if he does not develop certain amenities within certain timeframes. Please take into account that you own the land, so the worst case scenario is that certain amenities will not be realized.

Will my earnest money go to an escrow account with my attorney?

Under certain conditions we are willing to discuss escrow constructions. In general we do not use standard escrow constructions.

Living in Panama & Puerto Armuelles

What is the quality of healthcare in Panama?

Panama offers affordable quality healthcare. Read all about healthcare in Panama.

Is Panama a safe place to live?

Panama is safe, this is our experience after more than 12 years in Panama. But maybe you don’t believe us, therefore we have gathered some objective data to prove to you that you can experience a fantastic and safe lifestyle in Panama.

What is the cost of living in Panama?

What are the tax rates in Panama?

Are there any retirement benefits in Panama?

Panama offers fantastic retirement benefits. Panama ranked # 1 as BEST COUNTRY TO RETIRE in 2014 and 2016 and has consistently ranked as a top-5 country over the last 10 years.

How can I acquire a Visa?

Obtaining a visa in Panama is required for all persons that are looking for residency. Here yo can find a description of the Visa process. If you feel that this process is too complicated please ask Panama Portfolio for assistance, our employees have processed hundreds of visa applications.

Why should I move to Panama?

Read our article about why Panama is the perfect place to live.

How is the weather during the year around? Does it rain much or very little?

In Puerto Armuelles, the wet season is overcast, the dry season is partly cloudy, and it is warm year round. Over the course of the year, the temperature typically varies from 74°F to 91°F and is rarely below 71°F or above 95°F.

The best time of year to visit Chiriqui Province for hot-weather activities is from early December to early March.


Want more information about Coco Beach?