The most impressive street in the city located along the Pacific Ocean.

About Avenida Balboa

Located along the Pacific Ocean, Avenida Balboa is one of the biggest attractions for real estate development in the city. It is walking distance to the Cinta Costera and only a few minutes car ride to other exclusive neighborhoods like Paitilla, Punta Pacifica, and Casco Viejo. It’s also close to one of the biggest financial districts where you’ll also find parks, restaurants, hotels, casinos, bars, and malls.

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Neighborhood Pricing

With high-end amenities and stunning direct ocean views, properties on Avenida Balboa start at $200,000 for sale and $1200 a month for rent. Looking for something a bit pricier? You can find larger units and penthouses as well starting at $500,000 for sale and $3,000 a month for rent.

Our Listings

Avenida Balboa Neighborhood Guide

Avenida Balboa has seen tremendous growth in the past decade with the addition of the Cinta Costera back in 2009. This recreational park along the sea has 8 basketball courts, 5 gazebos, a bike path, exercise equipment, fountains, and green areas with trees and tropical plants.

Residents in Avenida Balboa enjoy exquisite ocean views and many open spaces to spend time alone, with pets or family. It’s close to many restaurants, hotels, casinos, plazas, coffee stores, malls, banks, pharmacies, and hospitals. It is also walking distance to Casco Viejo, making it easy to get there for a night out.

Our Favorite Buildings in the Area

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Yoo Panama
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Yacht Club
Villa del Mar


Overall, Panama is considered one of the safest countries in Latin America, and Avenida Balboa is one of its safest streets due to its luxurious buildings with ocean views.

Avenida Balboa is a social environment populated by numerous tourists, investors, and locals, so you won’t ever feel out of place walking around. Families also feel comfortable raising their children in this part of town thanks to its safety.

As with any busy city, watch for pickpockets and use common sense, but overall, you’ll feel safe in this part of Panama City.

Public Transportation & Walkability

Since Avenida Balboa is a road that stretches 3.5km (2.17 miles), it is highly walkable, and most (if not all) areas can be reached entirely by foot.

Transport such as buses and taxis are readily available throughout the day and into the night. Uber and Cabify may be the safest and most affordable options for foreigners since the prices are predetermined.

You can also rent bikes and scooters for around $3 per hour or make use of multiple car rental locations for any bigger trips you have planned.

Wherever you need to go, there’s an easy way to get there via Avenida Balboa because it provides connections to almost every other key area in Panama City.

Shopping & Groceries

There are all types of stores at your disposal across this highly desirable stretch of road. Whether you’re looking for the basics or something a little more unique, we’re confident you’ll find it here.

For groceries and essentials, numerous stores and amenities are available across the entire stretch of Avenida Balboa, including the Riba Smith supermarket chain and Foodie, which offers difficult-to-find produce and spices.

Luxury shopping can be had at Soho Mall or Multiplaza Pacific Mall, where you’ll find brands like Chanel, Hermes, Louis Vuitton, Gucci, and more.

For everything else, the MultiCentro Mall has got you covered, thanks to its expansive offering.

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Both locals and foreigners alike opt to use Blue Cross Shield as their insurance provider whilst living in Panama.

There are also private medical options, like Centro Medico Paitilla and Pacifica Salud – Hospital Punta Pacifica, which is close by. 

Farmacias Arrocha is a popular pharmacy because it’s a one-stop-shop destination for many consumers, thanks to its wide variety of household and domestic products. Farmacias Metro is another popular pharmacy.

Hotspots & Hangouts

As a coastal location, Avenida Balboa has plenty to attract your attention. As we mentioned before, numerous tourists frequent this attractive avenue. Here are a few highlights to be aware of:

  • – Cinta Costera: If you love being outdoors, this is your area. Enjoy bike trails, playgrounds, exercise spots, and more along Cinta Costera while enjoying a beautiful view of the waterfront. Streets are even closed from 6 am to noon on Sundays so patrons can get the full experience car-free.
  • – Local Fish Market: Are you a foodie? Then discover the fish market nearby that’s open daily. Offering local, fresh catches, you can find anything from octopus to Corvina. Whilst there, try the famous and affordable ceviche paired with an ice-cold beer.
  • – Casco Viejo: If bars and good food are more your speed, then the historic neighborhood of Casco Viejo is close by. These bars stay open well into the night for an endless good time and are easy to get to from Avenida Balboa.

Our Favorite Restaurants In The Area

Who Lives in this Area?

There is a rich mix of people living in Avenida Balboa. The skyscrapers and investment opportunities bring in many high-earning tenants.

It’s a diverse area, welcoming to all, including families.

While the International School of Panama, Balboa, AIP, Met, and Boston School are all a small commute, most residents of Avenida Balboa opt to send their children to any of these options thanks to their prestigiousness in Panama City. 

There are also many diverse daycare options as well.


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