Invest from
65,000 USD,
double it in 48 months*

Invest

Azur has three levels with unparalleled panoramic views over the Pacific, complete privacy and spectacular natural surroundings with waterfalls and hiking trails.

Prices include all infrastructure and utilities installations, such as electricity, water, WiFi and mobile coverage and private driveway.

‍Level 1: 36-40 USD/m2
‍Lots 1. 5-10, 25-26. From 65,000 USD.
Level 2: 40-44 USD/m2
‍Lots 11-15, 30-32. From 75,000 USD.
Level 3: 44-60 USD/m2
‍Lots 16-19, 21-24. 33- 39. From 85,000 USD.
Commercial: 35 USD/m2
‍Lots A-C, 1-4, 20 & 27-29. From 70,000 USD.
Average construction cost:
‍1,100-1,300 USD/m2.
Azur luxury eco-development masterplan

Masterplan

Click to enlarge.

Comparables

Azur is unique.

The luxurious development sits on the front line of hills facing the Isla Cañas Nature Reserve and the Pacific Ocean. Its low-density and location are unique but sold lots and houses in the area can be used as reference to Azur’s 36-60 USD/m2.

Madroño Cañas: 22-55 USD/m2

Medium-density hilltop lots. Non-gated and no electricity.

Cañas del Sol: 25-30 USD/m2

High-density hilltop lots behind Azur.

Azuero Hills Cañas: 25-35 USD/m2

Medium-density low elevation lots.

Lomas de Playa Venao: 50-90 USD/m2

Medium-density hilltop lots. Non-gated.

Venao Hills: 208 USD/m2

High-density hilltop lots.

Eco-Venao: 2,240 USD/m2

Hilltop house with land, 3 bedrooms.

Villa Marina: 2,680 USD/m2

Beach-front condos, 1 bedroom.

Blue Venao: 2,870 USD/m2

Ocean view condos, 3 bedrooms penthouse.

Blue Venao: 2,570 USD/m2

High-density beach village, 3 bedrooms villa.

Blue Venao: 4,360 USD/m2

Beachfront, 3 bedrooms villa.

Tax & Financing

Azur has partnered with leading wealth management firm K&B Financial Group to provide bespoke finance alternatives and tax efficient structures. In general:

Panamian residents

Mortgage up to 95% of the property value.

Overseas investors

Mortgage up to 70% of the property value.

Land

No financing is available to buy land for any investor.

On 1 January 2019 the property tax decreased and the tax exemption limit increased. Great news for homeowners of all citizenships as it only differs between primary and secondary residences.

Primary residences

0 - 120,000 USD = exempt from taxes.
120,001 - 700,000 USD = 0.5% tax rate.
700,000+ USD = 0.7% tax rate.
‍
A 300,000 USD house = 900 annual tax

Secondary residences

0 - 30,000 USD = exempt from taxes. 30,001 - 250,000 USD = 0.6% tax rate.
250,001 - 500,000 USD = 0.8% tax rate.
500,000+ USD = 1.0% tax rate.

A 300,000 USD house = 1,720 annual tax.

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2010

The Azur hills are purchased and reforestation begins.

Azur is today home to a plethora of flora and fauna, from howler, white face and spider monkeys to whitetail deeer and countless species of birds.

2013

The new airport in Pedasí (30 minutes from Azur) opened.

2014

Zoning for a low-density gated community is completed, the masterplan is drawn up and road construction begins.

2015

Three wells were drilled, pipework was laid in parallel with the construction of XXX cisterns that will be able to provide XXX - enough for a large pool for each lot.

2016

The Ministry of Public Works (MPW) paved the road between Cañas and Playa Venao.

2017

Roads, water supply and drainage are completed for each lot and the MPW finished the 130km road improvement between Divisa and Pedasí.

2018

Azur’s electrical grid permit is approved and contractor evaluation begins. Salceda + Carballeda are engaged as architects for the project.

The MPW approved a 16.5 million investment to expand the national highway by 40km to Cañas from Los Asientos. The work will complete in 2020/21.

2019

Electricity is being installed and the sale of lots begins.

Progress

Contact

Azur
Cañas - 30 minutes from Pedasí, 5 from Playa Venao
Azuero Peninsula
Panama

Want more information on Azur?
Please call, email or fill out the form.

Phone: +507 6673 7472
WhatsApp: +44 7704 255 284
Email: info@azurpanama.com
Thank you! We will contact you shortly.
Something went wrong while submitting the form, please try again.

Investment details

Investment highlights
‍Invest
Comparables
Financing
Tax benefits
Development timeline

Location

Distances
Cañas
Playa Venao
Azuero
‍Invest in Panama

Residences

Specifications
Modern
Classic

Resources

About us
Property management
Invest in Panama
Gallery
News

© AZUR PANAMA - T/A AZUR 2022. Registration Number 1311980-1-608414 DV 44. All rights reserved.

Contact

Azur
Cañas - 30 minutes from Pedasí, 5 from Playa Venao
Azuero Peninsula
Panama

Want more information on Azur?
Please call, email or fill out the form.

Phone: +507 6673 7472
WhatsApp: +44 7704 255 284
Email: info@azurpanama.com
Thank you! We will contact you shortly.
Something went wrong while submitting the form, please try again.

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