Pedasí, a charming coastal town on Panama’s Azuero Peninsula, continues to solidify its reputation as a real estate hotspot in 2025. The local property market has been buoyed by surging demand from both foreign buyers and Panamanians, drawn to Pedasí’s beautiful beaches, laid-back lifestyle, and relative affordability. Over the past year, tourism in the region has climbed sharply, which in turn has boosted rental demand and investment interest in Pedasí. This report provides a comprehensive look at Pedasí’s residential property market, beachfront lots, and in-town land, including recent sales data, price trends, demand drivers, inventory levels, and upcoming developments. The goal is to give property buyers – especially expats and retirees – a clear understanding of current market conditions in Pedasí as they consider investing in this “slice of paradise.”
Residential Properties: Sales and Price Trends
-
Market Activity: The Pedasí housing market has experienced robust growth in 2025. The surge in transactions was driven by persistent demand through the year, continuing a strong upward trend in local housing prices. Several new homes have been introduced as speculative builders responded to the demand by constructing houses for resale. Notably, Pedasí’s main residential communities – Costa Pedasí, Roy’s Project, and Haciendas del Toro – have seen multiple new single-family homes completed and sold in 2025.
-
Price Points: Residential property in Pedasí remains affordable by international standards, even after recent price increases. Typical home values vary depending on location, size, and amenities. As a guideline, beach-area homes around Pedasí (and the nearby Coronado market) generally range from about US $1,200 to $2,000 per square meter. In practical terms, that means a 150 m² beachfront villa might be priced around $180,000 to $300,000. Homes farther from the ocean or in-town tend to trade at lower price per m², although newer or luxury builds can command higher prices. Move-in-ready 2–3 bedroom houses in desirable Pedasí neighborhoods are often listed in the $250,000 to $500,000+ range. Local agents have observed prices holding steady, with some cooling at the very top end of the market.
-
Rental Yields: Pedasí is also appealing to investors, with growing tourism and expat presence pushing rental yields for homes. Well-situated houses can generate solid income as short-term vacation rentals or long-term rentals for relocators. For example, a modest local-style house can rent for a few hundred dollars per month, while a modern 3-bedroom home with ocean views might fetch $1,500–$2,500/month. This, combined with Panama’s friendlier tax regime (many new builds come with property tax exoneration), makes owning property in Pedasí increasingly attractive to investment-minded buyers.
Beachfront Lots and Oceanfront Real Estate
-
Recent Sales and Demand: Beachfront and ocean-view properties around Pedasí are in high demand. In the sought-after Los Destiladeros beach enclave just west of town, a wave of luxury home sales significantly depleted inventory by 2025. However, this has not diminished demand, especially for buildable ocean-view lots. Several buyers who couldn’t find turnkey beach homes opted to purchase scenic lots and started the construction of custom homes. This trend highlights Pedasí’s continued appeal as a destination for premium coastal living.
-
Pricing for Beach Property: Finished beachfront homes in the Pedasí region tend to cost around $1,200–$2,000 per m². A move-in-ready oceanfront 3-bedroom house (150 m²) might list for approximately $180K to $300K, depending on location and condition. Smaller beach cottages or older homes may be priced below this range, while high-end oceanfront estates with larger lots or unique designs can exceed $1 million. Prices for beachfront land vary based on proximity to the water and quality of the view. Prime beachfront lots are limited and command a premium, with recent offerings in the several-hundred-thousand-dollar range for larger sites.
-
Community Developments: Much of Pedasí’s beachfront is part of planned communities or private estates, impacting availability. In the Costa Pedasí gated community, out of 90 original developer lots, only 24 remain available by early 2025. Prices for lots in Costa Pedasí range from about $110 to $250 per m², depending on proximity to the ocean. Similarly, in Andromeda, another upscale oceanfront community, a 0.2-acre lot is listed for $125,000, equating to approximately $154 per m². Some other 1,000m2 lots are going for as much as ~$250,000. There are also larger undeveloped parcels targeted for developers. For instance, a 90-hectare oceanfront parcel near Playa Venao was recently listed at $8.9 million. As inventory of prime beachfront lots remains tight in Pedasí, buyers are looking outside the town or toward second-line properties just inland from the beach for more options.
In-Town Lots and Land Development
-
Sales Activity: Pedasí’s in-town and rural lots have also seen brisk sales. In 2025, residential lot sales in the Pedasí area saw a 60% increase year-over-year. Many buyers, especially those enamored with the town’s lifestyle, opted to buy land and build custom homes, contributing to a record number of new house constructions. Pedasí offers plenty of buildable land, from small lots in the village center to multi-acre tracts in the countryside, giving buyers a range of options.
-
Price Range for Lots: Lot prices in Pedasí remain very reasonable, although they vary by location. Standard town lots (typically 500 to 1,500 m²) can range from $25,000 to $100,000. For example, a 1,671 m² titled lot on the edge of Pedasí was recently listed for $55,000, equating to about $33 per m². Smaller parcels in the heart of town might be priced at a premium, reflecting their central location and commercial potential, often listed in the $80K–$100K range. Pedasí’s land remains an attractive option for buyers, especially compared to land prices in larger cities in Panama.
-
Development Patterns: Pedasí’s land is easy to develop, with most residential lots near town already connected to water, power, and paved roads. This has attracted both individual buyers and developers. In 2025, around 20 new residential projects are underway from Pedasi to Playa Venao, from small clusters of homes to larger master-planned communities, which will increase inventory to meet growing demand. While developers are catering to a range of budgets, prime parcels (especially those with ocean views or central locations) are quickly snapped up.
Market Demand and Buyer Profile
-
Who’s Buying: Pedasí’s real estate market is fueled by international buyers, particularly retirees from the United States, Canada, and Europe, seeking a safe, sunny, and affordable place to live. Pedasí is widely regarded as one of the safest communities in Panama, with a tight-knit, watchful community and virtually no violent crime. Expats are drawn to the town’s small-town charm, friendly locals, and welcoming atmosphere. Additionally, the rise of remote work has expanded the buyer pool to include working-age expats, many of whom seek homes with good internet and space for home offices.
-
Retirees and Lifestyle Migrants: Retirees form a significant segment of Pedasí’s buyers, attracted by Panama’s Pensionado (retiree) program, which makes residency straightforward. Many foreign buyers purchase homes with cash, often funded by savings or equity from their home countries, insulating the market from financing fluctuations. Increasingly, younger expats (including families) are also moving to Pedasí, taking advantage of remote work opportunities.
-
Investor Interest: Pedasí has garnered attention from real estate investors and speculators, both foreign and Panamanian. Many investors buy land or fixer-uppers, holding them until the area grows, or develop properties for vacation rentals, small B&Bs, or boutique hotels. Short-term rentals in the Pedasí/Playa Venao area are active, and occupancy rates are increasing, which drives investor interest.
Notable Developments and Infrastructure Impact
-
New Residential Communities: There are more than 20 new residential projects currently under development in the Pedasí area including Playa Venao. These projects include small subdivisions and larger master-planned communities. Some developments focus on eco-friendly designs, with green spaces, solar energy, and community amenities. These projects are not only responding to demand but also stimulating the local economy by creating jobs and reinforcing growth.
-
Tourism Infrastructure: Pedasí is benefiting from Panama’s broader tourism initiatives. While still small, the town has seen the rise of boutique hotels, restaurants, and tour operators. The National Tourism Master Plan (2020–2025) is expected to support Pedasí’s position as an emerging tourist destination. In terms of access, the town has a small airport with plans to expand domestic service, and improvements in road connectivity should increase the number of tourists and potential buyers from outside the region.
-
Utilities and Environmental Sustainability: Significant infrastructure upgrades are also underway, including a new water treatment facility and a 10 MW solar farm to bolster local power generation. These projects not only make Pedasí more self-sufficient but also attract eco-conscious investors. Growth is being balanced with sustainability measures to preserve the area’s natural beauty.
Conclusion and Outlook
Pedasí’s real estate market in 2025 is strong and optimistic, characterized by rising sales volumes, steady property prices, and robust demand. The market is driven by retirees, remote workers, and investors looking for long-term opportunities in a growing town. Inventory is expanding modestly, and while the window for “steals” may be closing, buyers can still find good value in land and homes. Pedasí’s appeal lies in its balance of modern conveniences and rural coastal charm, and the market is poised for sustainable growth over the next several years. For those seeking a slice of paradise to call home or invest in, Pedasí is a market worth watching.
