Every licensed short-term-rental opportunity in the portfolio, the real ADR/occupancy ranges behind each yield figure, the ATP licensing rule that actually matters, and a live calculator to model your own numbers.
Panama's licensed short-term-rental market splits into two categories: one contractually guaranteed floor, and a portfolio of operator-projected ranges that we quote exactly as the operator reports them — three scenarios, not the flattering one.
| Project | Area | Net yield range | Structure |
|---|---|---|---|
| Kyte | Obarrio | 8.0% guaranteed | Contractual floor, 2 years, from $120,915 |
| Passage | Amador | 8.1–12.6% | Operator-projected, 3-scenario model |
| Euphoria | San Francisco / Punta Pacífica | 8.76–12.09% (avg 10.83%) | Operator-projected, 3-scenario model |
| Be Living | San Francisco | 7.7–11.5% | Operator-projected, 3-scenario model |
| Generation Tower | Costa del Este | Licensed condo-hotel | Active ATP permit, Independent Living floors |
| The Hub | San Francisco | 8.3–11.7% | Operator-projected, 75% occupancy base case |
All figures net of platform commissions, cleaning, utilities, HOA and management fee unless noted otherwise. Projections are illustrative and do not guarantee results — request the operator's fact sheet for any unit before committing capital.
Inside the Panama District, any rental under 45 days is illegal without a public tourism accommodation permit from the Tourism Authority (ATP) — fines run $5,000 to $50,000 per violation, and ATP can act directly on unlicensed listings, not only on complaint. We won't put a city STR unit in front of a client without that permit verified on paper.
Panama City proper. The 45-day rule applies in full. Every project we list here carries a verified ATP permit or an active licensing path we disclose before you commit.
Boquete, Bocas del Toro, Playa Venao, Valle de Antón. This restriction does not exist — a materially different risk and yield profile, and one we flag clearly before you buy.
| City (Panama District) | Countryside | |
|---|---|---|
| ATP permit required | Yes, mandatory under 45 days | No |
| Typical net yield | 7.7–12.6% | Varies by market, no city cap |
| Demand driver | Corporate travel, medical tourism, business stays | Leisure, digital nomads, surf/beach seasonality |
| Product | Furnished condo-hotel units, managed towers | Pre-built villas/cabins or build-yourself |
Adjust price, nightly rate, occupancy and fees — the estimate updates live. Educational tool only; request the operator's fact sheet for a verified project model.
Educational tool only — not a guarantee, offer, or substitute for an operator's profitability analysis. Actual ADR, occupancy and fees vary by project, season and management agreement.
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It depends on the project and whether the figure is guaranteed or projected. Kyte carries a contractual 8% annual floor for two years. The rest of the current portfolio is operator-projected: Passage Amador 8.1–12.6%, Euphoria 8.76–12.09% (avg 10.83%), Be Living 7.7–11.5%, The Hub 8.3–11.7%. Figures are net of platform commissions, cleaning, utilities, HOA and management fees unless noted otherwise.
Yes. Article 21 of Law 80 requires a public tourism accommodation permit from the ATP for any rental under 45 days inside the Panama District. Fines run $5,000 to $50,000 per violation, and the ATP can act directly on unlicensed listings, not only on complaint. Every project we list carries a verified ATP permit or a disclosed active licensing path.
Inside the Panama District, the 45-day ATP permit rule applies and typical net yields run 7.7–12.6%, driven by corporate travel, medical tourism and business stays. Outside the district — Boquete, Bocas del Toro, Playa Venao, Valle de Antón — that permit restriction doesn't exist, yields vary by market with no city cap, and demand comes from leisure, digital nomads and surf or beach seasonality instead.
Only on one project: Kyte's 8% is a contractual floor for two years. Every other yield figure in the portfolio is operator-projected, quoted as a three-scenario range rather than the single flattering number. Ask for the specific project's fact sheet before treating any projected range as a guarantee.
*Kyte has closed its doors to purchase for now. We have similar projects confirmed to launch, with comparable features. Book your call →