Margarita de Vallarino, licensed real estate broker in Panama

Your agent for Lucero

Margarita de Vallarino

Licensed Panamanian broker, Licence PN 5442. Twenty years representing buyers on the Pacific coast, now living and working in Boquete. She answers her own WhatsApp, in English or Spanish.

18
Hole Course
~1,200 m
Altitude
3
Clay Courts
700 acres
Master-Planned
20 min
To Boquete Town
$396K+
Prices From
Subject to change

Lucero Homes, Golf & Country Club

Boquete sits at around 1,200 metres in Panama's western highlands, close enough to the equator to have no winter and high enough to have no heat. It is why the town has drawn retirees, coffee growers and a permanent expat community for decades. Lucero is the residential expression of that: a gated community in Jaramillo Abajo, twenty minutes from Boquete town.

The community is built around three things that reinforce each other: real estate, hospitality and recreation. An 18-hole championship course designed by J. Michael Poellot. Three clay tennis courts. A farm-to-table restaurant in the clubhouse. Treehouses and Canopy Suites that are part of the Preferred Hotels & Resorts Lifestyle Collection — which means the resort side keeps the community alive year-round rather than leaving it empty between seasons.

Boquete town is twenty minutes away; David, the provincial capital, and Enrique Malek International Airport are forty-five to sixty minutes down the mountain, with English-speaking doctors and full hospital care. Panama was named the world's best place to retire in International Living's 2025 Annual Global Retirement Index.

Margarita de Vallarino represents Lucero to buyers. She works for you, not for the developer — coordinating virtual tours, arranging site visits, and handling the purchase process in English or Spanish.

Panoramic view over the golf course and valley toward the Pacific from Lucero, Boquete, Panama
Championship 18-hole golf courseDesigned by J. Michael Poellot — friendly to play, genuinely challenging, and set against the Boquete highlands.
Three clay tennis courtsClassic outdoor clay, with matches and lessons offered through the club.
Seasons RestaurantFarm-to-table dining in the clubhouse, with homemade ice creams and desserts and a veranda over the course.
Poolside dining deck and barCasual food and drinks by the pool, and a BBQ area with outdoor dining spaces.
Clubhouse and event venueSmall corporate meetings, multigenerational family gatherings, weddings and celebrations.
Treehouses and Canopy SuitesPart of the Preferred Hotels & Resorts Lifestyle Collection — 270° views across the fairways and forest.
Nature trails and gardensLandscaped gardens with panoramic views and walking trails through the reserve.
Gated, 24/7 securityControlled access with daily patrols throughout the community.
Helipad at Hole 14With access for air ambulance — a meaningful detail at this altitude and distance from the city.
Underground utilitiesElectricity, potable water and irrigation all run underground — no poles, no overhead lines.
Natural spring waterSourced from natural springs and held in distributed reserve tanks.
Wellness centreA dedicated wellness facility within the community, alongside the pool and club amenities.
Coming soonGym, spa, children's area and additional covered parking are planned additions.

Golf, tennis, dining & wellness →

Lucero from the air

The course, the forest and the valley — the part that photographs can't quite carry. Filmed at Lucero, Boquete.

Lucero is in Jaramillo Abajo, in the district of Boquete, province of Chiriquí, Panama — about fifteen minutes from both Alto Boquete and Bajo Boquete, and roughly forty minutes from David and its domestic airport.

Yes. Foreigners buy property in Panama with the same rights as Panamanian citizens, and there are no legal restrictions on foreign ownership. Title is registered in the buyer's name at the Public Registry of Panama, or through a Panamanian corporation. No residency or visa is required to own.

Potable water, irrigation water three times a week, security and daily patrol, garbage collection, and maintenance of all common areas. Forest Brook Reserve condominium maintenance is $2.50 per m² per month.

Yes, subject to Lucero's internal community rules and current Panamanian law. Margarita can walk you through what that means in practice before you buy, including how it affects your property tax treatment.

No. The purchase can be completed remotely through a power of attorney. That said, Lucero recommends a virtual call with you and your agent before any site visit, and most buyers do end up visiting — the altitude, the climate and the drive up are not things a render conveys.

Water comes from natural springs and is held in reserve tanks distributed through the community. Each residence has a three-chamber septic system with an inspection chamber and infiltration well. Electricity, water and irrigation all run underground. Boquete is a growing town and occasional utility interruptions do happen — residents are advised to keep backup systems, and the gatehouse and clubhouse have backup supply.

Full buying guide — taxes, payment schedules and process →

Start with a conversation, not a flight

Margarita will set up a virtual call with you and the Lucero sales team first — to go through lots, models, pricing and timing before anyone books anything. She represents buyers, in English and Spanish, and has worked Panamanian real estate for over twenty years.

Ask Margarita about this property

She replies personally on WhatsApp, in English or Spanish.

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