We are constantly asked if there are any of those amazing overwater bungalow resorts in the Caribbean, and many people are disappointed to learn that there are only a few options that come close to what you would find in the South Pacific and the Maldives.

With this said, there are some good options for budget seekers off of the Caribbean coast of Panama. Most of these hotels, lodges, and resorts tend to focus more on nature and being as eco-friendly as possible than on luxuries, so they're certainly not for everyone. Those who do travel to these overwater bungalows have it in mind that they are there to be outside in nature as much as time and the weather allows. So if you've been searching for a tropical escape with snorkeling, tours, and monkeys, then you'll want to explore the overwater accommodations, below.

Those looking for “honeymoon-style” overwater bungalows have reason to celebrate now. The luxury Viceroy hotels chain is currently constructing an amazing resort with 42 overwater bungalows and 144 other rooms on a huge property in Bocas del Toro. THIS will finally be the resort most of us were waiting for.

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Overwater bungalows in Panama

Viceroy Bocas del Toro – Panama


  • Overwater bungalows: 42
  • Total rooms/suites: 186


Now set to open in ‘late 2023,’ the Viceroy Bocas del Toro will be the first real “honeymoon-style” overwater bungalow resort in Central America, so it’s been heavily anticipated. The resorts listed below are all more of the “eco-resort” style, so romantic couples have had to head to Jamaica or Mexico to find luxurious overwater suites in the region.


Viceroy currently operates over a dozen luxury resorts and urban hotels all over the world, and the Bocas del Toro resort looks like it will be its most ambitious project yet. It was originally announced to open in 2019 and as of now it says it’s going to open in 2021, which is par for the course with resorts like this. They are planning 8 different restaurants on a property of 457 acres with 186 total guest rooms. We will update this information as new details are announced, but this is sure to be one of the most popular resorts in Central America the moment it opens.


Overwater bungalows will probably be starting at over US$500 per night, and possibly much higher

Sol Bungalows - Panama

  • Overwater bungalows: 2
  • Total rooms/suites: 2

A small overwater resort with only 2 bungalows, the Sol Bungalows Resort in Panama is new to the scene with rooms that are outfitted with amenities such as a glass floor cutout, a king size bed, WiFi, a rain shower, private back deck, and wooden steps that lead out into the ocean below.

The resort itself also offers water sports ranging from snorkeling to paddle boarding, hiking, massages and dining in the morning and evening. There are also lots of things to do nearby, including dining out and sport fishing.

Overwater bungalows starting at US$258 per night

>More information about the Sol Bungalows – Panama >

Cosmic Crab Resort – Panama

  • Overwater bungalows: 6
  • Total rooms/suites: 12


A small resort featuring the same amount of overwater bungalows as it does land rooms, the Cosmic Crab Resort rests on the beach with views of the water and the lush jungle behind it. Here guests will find small rooms decorated with Caribbean flare and featuring Wi-Fi, air conditioning and wooden furnishings.


Guests will also find over 6 acres to roam alongside 600 feet of waterfront property to relax at and enjoy. Because this resort caters to the most adventours, you’ll find many different types of water sports to choose from, with some well suited for the younger visitors in your group.


Overwater bungalows starting at US$77 per night

>More information about the Cosmic Crab Resort – Panama >Check rates

Coral Lodge – San Blas Islands, Panama

  • Overwater bungalows: 6
  • Total rooms/suites: 6


Currently closed for re-construction.


If you are looking for a small boutique eco-resort, in Central America, you’ve found it. Featuring just 6 overwater bungalows plus two restaurants and a spa, the Coral Lodge is in a secluded part of the San Blas Islands in Panama. The bare-bones and eco-friendly approach means there is no TVs or internet here, so a distraction-free vacation is nearly guaranteed.


The resort also offers “romance packages” and several other extras, so this is still quite luxurious. The Coral Lodge also is great value, with some of the cheapest stand-alone overwater bungalows in the world. There’s great diving and snorkeling, as well as horseback riding nearby, so the Coral Lodge could be perfect for those seeking an active vacation, or those looking for a remote and romantic resort.


Overwater bungalows starting at US$345 per night

>More information about the Coral Lodge – San Blas Islands, Panama

Punta Caracol Acqua - Lodge – Panama

  • Overwater bungalows: 9
  • Total rooms/suites: 9


Another eco-hotel, the Punta Caracol Acqua-Lodge consists only of 9 overwater bungalows stretching out from an island near Panama. The bungalows are fairly large, and are powered by solar panels only, so there is no television or entertainment system. Breakfast and dinner is included in the room rate as well, so this is an affordable all-inclusive-style resort.


Here you’ll find excellent snorkeling plus a wide variety of boat trips, including visits to Indian communities nearby. Things here are a bit more posh than at the other resort, but still it’s very good value considering that the room rate includes two meals for two people each day, and eating is never cheap at secluded overwater resorts in general.


Overwater bungalows starting at US$265 per night

>More information about the Punta Caracol Acqua – Lodge – Panama >Check rates

Azul Paradise Resort – Panama

  • Overwater bungalows: 10


With 10 overwater rooms that stretch out into the lagoon, the Azul Paradise Resort, is a great option for guests seeking an eco-friendly accommodation that still offers luxuries. In fact, if you’d like, you can choose to make your stay here all-inclusive. Other features include snorkeling, scuba diving, surfing, swimming, and a spa right on-site.


Each of the 10 overwater bungalows wow with room service, an entertainment center, Wi-Fi, a private deck, and a glass floor bottom. This glass floor cutout inside your room lets you view the ocean below without having to actually get into the water.


Overwater bungalows starting at US$350 per night

>More information about the Azul Paradise Resort – Panama

Yandup Island Lodge – Panama

  • Overwater bungalows: 6
  • Total rooms/suites: 10


An overwater resort that rests on (and off) of a private island off of the Caribbean coast of Panama, the Yandup Island Lodge is a solid choice in the San Blas Archipelago. Here you’ll find rooms starting out in the lower price range, but still accommodating enough with a private balcony, bathroom, and orthopedic mattress. You won’t find a TV or any Wi-Fi, so this lodge is better suited for guests looking to unplug.


It’s also well suited for the outdoorsy type who like the idea of spending their vacation hiking, snorkeling, and going on several tours. You’ll also want to note that included with each night’s stay is breakfast, lunch, and dinner.


Overwater bungalows starting at US$277 per night

>More information about the Yandup Island Lodge – Panama >Check rates

Urraca Private Island Eco Lodge – Panama

  • Overwater bungalows: 6
  • Total rooms/suites: 6


An adults only lodge, the Urraca Private Island Eco Lodge offers a different type of overwater experience with the addition of rescue monkeys found throughout the grounds. These monkeys are very interactive and love to be hand fed by guests. Along with playing with monkeys, you’ll also get to snorkel, kayak, swim in the ocean, sunbath, and play a little volleyball.


Though you won’t find a full blown spa, you will find a little hut with one massage table. There’s also a restaurant and a bar to eat and drink at. Rooms are on the basic side with no TV, but there is Wi-Fi at least.


Overwater bungalows starting at US$195 per night

>More information about the Urraca Private Island Eco Lodge – Panama

El Faro del Colibri – Bocas del Toro, Panama

  • Overwater bungalows: 6
  • Total rooms/suites: 6


Offering two different overwater room designs, the Urraca Private Island Eco Lodge is just that, an eco lodge on the Caribbean side of Panama. Here you’ll notice that the overwater rooms span out toward the lagoon, and offer views of both the land and the ocean. Though rooms are on the basic side, they are equipped with a TV, Wi-Fi access, hot water, a bed, and a small fridge.


Essentially, if you have a small budget to work with, this resort could be a great option as long as you don’t mind being away from the hustle and bustle of a tourist town. Instead of a lot of people, what you’ll find instead is a private beach, lots of birds, snorkeling, scuba diving, and eco tours.


Overwater bungalows starting at US$214 per night

>More information about the El Faro del Colibri – Bocas del Toro, Panama

Wailidup Hotel – Panama

  • Overwater bungalows: 6
  • Total rooms/suites: 9


With 6 overwater bungalows and three more rooms on land, the Cabins Wailidup Lodge is designed for the type of traveler who likes to be outside as much as possible, and doesn’t mind living without the normal hotel amenities for a few days. Though the rooms do have fans, a bed, and a private bathroom and terrace, you won’t find any Wi-Fi or a TV.


You will however, find a restaurant and bar, a little beach to enjoy, lots of snorkeling, and tours to the nearby islands, a sunken ship and a few natural pools.

>More information about the Wailidup Hotel – Panama >Check rates

Eclypse de Mar Acqua Lodge – Bocas del Toro, Panama

  • Overwater bungalows: 6
  • Total rooms/suites: 6î


Located just a short boat ride away from the main town on Bocas del Toro in Panama, the Eclypse de Mar Resort has 6 overwater bungalows, two of which are Honeymoon Suites. Rooms here are more basic than you’d find at the 4- and 5-star resorts in Bora Bora, but the price is also much lower as well, and the list of water sports and other activities is long.


This is considered an eco-resort so there’s no air conditioning and not much in the way of in-room entertainment, but there are ceiling fans and one of the few glass windows in the floor to observe the sea life below. Those looking for an overwater bungalow and great diving and snorkeling in the Caribbean should find the Eclypse de Mar to be good value.


Overwater bungalows starting at US$284 per night

>More information about the Eclypse de Mar Acqua Lodge – Bocas del Toro, Panama >Check rates

Other options in the Caribbean

Check our main Caribbean overwater bungalows page for information about every resort in the region, as well as updates on several that will be opening or reopening in the coming years. Three nearby resorts in Honduras should be of particular interest, especially for those who love (and live) to scuba dive.

The best overwater bungalow resorts in the world?

If you are planning a honeymoon or anniversary trip and you have dreamed of spending a week in one of those fabulous overwater bungalows at a deluxe resort you’ve got two main areas to focus on. The resorts where you see mountains and volcanic islands in the background are all in the South Pacific, mainly on the islands of Bora Bora and Moorea.


Those coming from Europe can find those to take a long time to reach, so it’s lucky for them that they’ve got over 70 choices in the Maldives, which is just southwest of India. They are called water villas in the Maldives, but they are the same thing as the South Pacific ones except for they are all on small private islands and the islands are all perfectly flat instead of mountainous. The Maldives has a huge selection of these resorts, ranging from affordable 3-star all-inclusive hotels to ultra-deluxe 5-star properties.


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    1. Jennifer,

      We are an online guide to overwater hotels, but we will be tracking this and we will update our articles when we hear a date. Stay tuned. -Roger