Panama City’s skyline, the Pacific Ocean, and the daily rhythm of boats passing under the Bridge of the Americas: this is the backdrop of Passage Amador, a residential development on the Causeway that combines lifestyle and investment in a single project.
Unlike traditional condos adapted for rentals later, Passage was designed from day one for investors. Professional management, and lock-off layouts make it easy to rent while offering the amenities and location that attract both residents and short-term guests.
Where is Passage located?
Passage sits on the Causeway (Calzada de Amador), a narrow strip connecting four islands to Panama City’s coast. Built in 1913 with rocks excavated during the Panama Canal’s construction, the Causeway is both a historic landmark and one of the city’s most desirable addresses.
The project is minutes from Casco Viejo, about 15 minutes from the banking district, and roughly 20 minutes from Tocumen International Airport and 10 minutes from Albrook Airport for regional flights. Restaurants, bike paths, marinas, and waterfront parks keep the area active year-round—strong support for tourism and rental demand.
Many units offer unobstructed views of the Pacific Ocean, the city skyline, and the Bridge of the Americas—a beautiful combination of nature, connectivity, and urban energy in one location.
Why is Passage designed like an investment product?
Most condos are built for long-term residents first; Passage is designed as an investment from the start. The apartments feature lock-off configurations: two connected units that can be rented separately or together, giving owners flexibility to adapt to demand.
Units are delivered optimized for short-term rentals, with projected annual returns between 8% and 12%. The project is competitively priced per square meter compared with similar developments in the area.
The lifestyle side is equally strong: rooftop infinity pools, a spa with sauna and cold plunge, coworking spaces, and 24/7 concierge service. Solar panels and EDGE certification help reduce operating costs. Passage is developed by Marjalizo in partnership with Grupo ELETA, a respected Panamanian investment group with decades of experience in real estate and energy.
Passage integrates sustainability into its design and operations. Solar panels reduce energy costs across common areas, and the project is pursuing EDGE certification—an international standard for resource efficiency in buildings. The climate-adaptive architecture and 24/7 concierge team ensure operational consistency whether you’re managing the property remotely or have tenants in residence. It’s infrastructure built to keep costs predictable and performance reliable, which is what serious investors expect from modern buildings.
Who is Passage Amador designed for?
Passage appeals to international investors, retirees, and remote professionals who want lifestyle and returns in one package. Many buyers value predictable income, a stable dollar-based economy, and a welcoming environment for second-home ownership.
Panama’s tax-friendly residency programs and relaxed lifestyle also attract buyers who want their investments easy to manage from abroad. Whether you’re looking for a second home, a retirement base, or a fully managed rental property, Passage is designed to deliver both lifestyle and financial upside with minimal involvement.
What does living in or investing in Passage feel like?
If you buy as an owner, you get premium residential-hotel amenities: infinity pools, spa facilities, fitness areas, paddle courts, bike storage, and a 10-kilometer waterfront path. Ground-floor retail includes a café, fitness club, pharmacy, mini-market, and pet-care services.
The Causeway offers a unique lifestyle: steps from the ocean but connected to the city. Panama’s dollarized economy, direct flights to major U.S. and Latin American hubs, and flexible residency programs make it an attractive base for international living or investing.
Frequently Asked Questions
1. Can foreigners own property in Panama without residency?
Yes. Panama’s Constitution grants foreigners the same property ownership rights as citizens. You can purchase titled property in your name without needing residency, a local partner, or citizenship. Many international buyers invest while living abroad and manage their properties remotely.
2. What is the average rental yield for condos on Causeway Amador?
Properties on Causeway Amador typically generate rental yields between 6% and 8%, depending on unit size and rental strategy. Passage’s professional management and lock-off configurations are designed to optimize occupancy rates and push returns toward the higher end of that range, with projected annual returns between 8% and 12%.
3. Can I live in my unit part-time and rent it out the rest of the year?
Yes. Many owners use their unit a few weeks per year and rent it out during the rest. Lock-off configurations let you occupy one section while renting the other, or switch between personal use and full rental mode. Property management handles bookings, cleaning, and tenant coordination whether you’re there or not.
4. Does buying property in Panama qualify me for residency?
Yes, under Panama’s Qualified Investor Visa program. As of 2026, the minimum real estate investment is $500,000 (increased from $300,000). If your purchase meets this threshold, you and your family can apply for permanent residency. Check with an immigration attorney for current requirements and timelines.
5. What are property taxes like for foreign owners in Panama?
Property taxes in Panama are progressive and apply equally to nationals and foreigners. Properties valued under $120,000 pay no property tax. Above that threshold, rates range from 0.5% to 1% depending on value. The seller typically pays the 2% transfer tax at closing. Rental income is taxed at standard rates, usually withheld by your property manager.
6. What amenities are included for owners at Passage?
Owners have access to rooftop infinity pools, spa facilities with sauna and cold plunge, fitness areas, paddle courts, coworking spaces, and 24/7 bilingual concierge service. Ground-floor retail includes a café, fitness club, pharmacy, and mini-market. The 10-kilometer Causeway path is steps away for walking or cycling.
7. Does Passage have sustainable or green building features?
Yes. Passage includes solar panels integrated into each building to reduce energy costs and environmental impact. The project is pursuing EDGE certification, which focuses on energy efficiency, water conservation, and sustainable materials. These features help lower operating expenses while supporting long-term property value.
