Panajachel is situated in the Solola, also known as the Atitlan region of Guatemala.

This detailed map of the Panajachel area shows Lake Atitlan, the three volcanoes plus all the small Mayan villages dotted along the shoreline.

 

 
And this is the view from space! When you visit Panajachel you can take boat trips across Lake Atitlan, travel by road to lake side villages and, if you're up for it, climb the volcanoes!