Flat 210-hectare land in Penonomé–El Coco
A 210-hectare development opportunity in Penonomé
El Coco, Penonomé
Active
$4,950,000
USD$2 / m²
- 2,099,998 m²Lot area
- FlatTopography
Overview
With nearly 210 hectares of flat land, this Penonomé-area property offers an expansive canvas for a large-scale project. Its position in the Penonomé–El Coco area places it about three minutes from Machetazo in Penonomé, with an international school also described as a short distance away. The property measures 2,099,998 m². An asphalt road leads to the entrance, and electricity is available. The land is described as flat and sits in front of a residential development. These practical location and access details make it worth exploring for buyers considering a substantial landholding. Potential uses identified for the property include residential, commercial, logistics, or light industrial development. Any intended project would require confirmation of zoning, infrastructure capacity, and the relevant approvals. Contact Casanova Realty to discuss the property, request additional due-diligence information, and arrange a closer look at this sizeable parcel in Coclé.
In Short
The land is 2,099,998 m² (209.9998 hectares), has flat topography, an asphalt road to the entrance, and electricity. It is offered for USD 4,950,000 near Machetazo in Penonomé.
Before You Decide
- Confirm zoning and approvals before relying on any proposed residential, commercial, logistics, or light industrial use.
- Verify the parcel coordinates and boundaries against a current survey.
- Confirm water, sewer, and other utility availability; only electricity is identified.
Highlights
- 2,099,998 m² of land—209.9998 hectares
- Flat topography
- Asphalt road leading to the entrance
- Electricity available
- About three minutes from Machetazo in Penonomé
- An international school is described as nearby
- Situated in front of a residential development
- Residential, commercial, logistics, or light industrial uses identified as potential options
At a Glance
- Status
- Available
- Asking price
- USD 4,950,000
- Property type
- Land
- Land area
- 209.9998 hectares
- Topography
- Flat
- Road access
- Asphalt road to entrance
- Electricity
- Available
- Neighborhood
- El Coco
- District
- Penonomé
- Province
- Coclé
- Listing ID
- CNV-PROP-064486
Key Facts
- Category
- Land
- Unit type
- Land Lot
- Listed
- 5 October 2026
- Last updated
- 5 October 2026
Gallery
2 photographs of this residence.
Explore Titled lot
Take a closer look before you travel.
No video on file for this unit yet. We can walk you through it live over WhatsApp — most buyers outside Panama start that way.
Features & Finishes
Layout
- Bedrooms
- 3
- Full baths
- 3
- Total
- 2,099,998 m² · 22,604,168 ft²
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $4,950,000
- Price per m²
- $2 / m²
- Cash to close (est.)
- $1,485,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $1,485,000
- Loan amount
- $3,465,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$21,335
Principal and interest only
An illustration, not an offer. Panamanian banks lend up to about 70% to residents and 50–60% to non-residents; your rate depends on the bank, the term and your file.
Monthly Carrying Cost
Property tax$0
Insurance$0
Total, before mortgage:$0 / month
If you let it out
How It Compares
- At the asking price, the derived price is approximately USD 2.36 per m², calculated from USD 4,950,000 divided by 2,099,998 m².
- The property is described as flat and has an asphalt road to the entrance and electricity.
Value Comparison
Asking price per m², against the building, the sector and the country.
Titled lot$2 / m²
El Coco average$689 / m²
Panama average$4,306 / m²
Asking 100% below the El Coco average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
A 2,099,998 m² flat property offered for USD 4,950,000, with an asphalt road to the entrance and electricity. The stated location is in the Penonomé–El Coco area, about three minutes from Machetazo in Penonomé.
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- Gross yield
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- Net yield (est.)
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- 5-yr area growth
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- Days on market
The parcel is described as suitable for consideration for residential, commercial, logistics, or light industrial development, subject to confirming zoning, services, and applicable approvals.
Price History
- Listed · October 2026$4,950,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in El Coco
El Coco, Penonomé
210-hectare land for sale in Penonomé
El Coco, Penonomé
Positions are schematic, spaced by travel distance.
Get directionsGetting Around
El Coco, Penonomé, Coclé · —
Address shown to neighborhood precision for the owner's privacy. The exact address is shared when a viewing is confirmed.
Frequently Asked Questions
What is the asking price?
The asking price is USD 4,950,000.
How large is the property?
The property measures 2,099,998 m², equivalent to 209.9998 hectares (approximately 210 hectares).
Is the land flat?
Yes. The property is described as flat.
What access and utilities are available?
An asphalt road leads to the entrance, and electricity is available at the property.
What is nearby?
Machetazo in Penonomé is about three minutes away, and an international school is described as a short distance from the property.
Does the property have electricity and road access?
Yes. Electricity is available, and an asphalt road leads to the entrance.
Similar Properties
Same market, comparable size and price.
Interested in Flat 210-hectare land in Penonomé–El Coco?
Speak to our team — viewings in person or by video, usually within 48 hours.