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From 1914 when the Panama Canal opened until the United Stated handed over control to the Panama Canal Authority in 1997 the Canal Zone was off limits to ordinary Panamanians. Panama has opened the real estate along the Panama Canal for commercial development and housing. Much of the housing from the US days still exists and is being sold by the government by bid. Once these properties are privately owned they can be and are resold in the real estate market. In addition new individual homes and developments are being built. The "Zona" was a private US enclave with colonial overtones. Nature was preserved and even today animals rare this close to the city wander through back yards on Clayton and Gamboa Panama Canal real estate. The lots are large and the life style is "tranquilo," relaxed. If you move to the "Zona" you will get a chance to not only practice that word but to live it.

Much of the area along the canal is still undisturbed rain forest. In fact, Canopy Tower, a world famous bird watching and ecotourism hotel is in the Canal Zone attracting visitors from all over the world. Why not live a mile or two away and watch the same birds from the back porch of your own Panama Canal real estate?

Great Values in Panama Canal Real Estate

A parcel of Panama Canal real estate in Clayton is a 2000 sq ft residence with three bedrooms, three bathrooms, parking for two cars, a patio and a garden. This property sells for $285,000. The problem with the garden may be keeping the wildlife away from your vegetables.

Also in Clayton Panama Canal real estate consisting of three bedroom, two and a half bathroom apartments in a development are selling for $350,720 for 2431 square feet of living space.

In the same Panama Canal real estate development 1,427 sq feet of living space with two bedrooms, two bathrooms is selling for $275,096 and a four bedroom, three and a half bathroom apartment with 3916 square feet of living space sells for $641,498.

A duplex in Clayton is selling for $400,000. This Panama Canal real estate has two units of four bedrooms and three bathrooms with over seven thousand square feet of living space total.

Panama Canal Real Estate Close to Panama City

As secluded as Panama Canal real estate is you might think it is deep into the interior of Panama. First of all Panama is only fifty miles wide along the canal. They built the Panama Canal at the narrowest point between oceans in the Americas. Also, Clayton and Gamboa Panama Canal real estate are a very reasonable commute into Panama City. Shopping centers such as the modern Albrook mall or only minutes away. From Panama Canal real estate you can sample the excitement of a large Latin American city and find product choices comparable to any large United States shopping center.

Panama Canal Real Estate Retirement

Panama has very attractive residency laws allowing retirees with a pension of five hundred dollars plus a hundred dollars per dependent to get a visa renewable every five years. Purchase of property valued at or above $200,000 allows one to obtain a "person of means" visa and likewise stay forever.

Come and see Panama Canal real estate. Learn what "tranquilo" means and live it in the beauty and seclusion of the old Panama Canal Zone a few minutes from all of the modern comforts and amenities you might be tempted to enjoy. Just watch those critters in your garden.