15.84-Hectare Development Land in Arraiján
A 15.84-hectare Arraiján site planned for 525 homes
Arraiján, Arraiján
Active
$2,300,000
USD$15 / m²
- 158,400 m²Lot area
- YesBuildable
Overview
A 15.84-hectare development opportunity in Arraiján comes with a proposed plan for 525 detached homes and a commercial area. The land is offered for $2,300,000, equivalent to approximately $14.52 per m², and the project concept is organized in two phases. Phase 1 plans 188 homes and Phase 2 plans 337. The proposed homes are described with three bedrooms and one bathroom, on minimum lots of 160 m². The housing concept quotes a home price of $60,000 and references a $10,000 Mivi bonus; these figures relate to the proposed homes, not the land asking price. Planned infrastructure includes concrete roads, closed gutters, an underground stormwater network, a future connection to IDAAN and a commercial area. The project’s stated approvals include EsIA, EOT, FSV, AU and construction plans, and the project is also described as approved by mortgage banks. The Arraiján area is described as consolidated, with commercial areas, banks, schools, supermarkets and transport routes nearby. The project was not developed, and 38 earlier pre-sale procedures are no longer available. Contact Casanova Realty to discuss the land, the development concept and the documents needed to assess its current approvals and feasibility.
In Short
The Arraiján land parcel measures 15.84 hectares and is offered for $2,300,000. Its proposed development includes 525 detached homes, a commercial area and two phases of 188 and 337 homes.
Before You Decide
- The parcel is 15.84 hectares and is offered for $2,300,000.
- The development concept plans 525 homes and a commercial area, but the project was not developed.
- Verify current approval validity, title, utility access and development parameters before purchase.
- The stated phase areas add up to 16 hectares, exceeding the stated parcel area of 15.84 hectares.
Highlights
- 158,400 m² of land, equal to 15.84 hectares
- Asking price of $2,300,000
- Proposed development of 525 detached homes
- Planned commercial area
- Two proposed phases: 188 homes and 337 homes
- Proposed home plan: three bedrooms, one bathroom and a 160 m² minimum lot
- Planned concrete roads and underground stormwater network
- Arraiján area with commercial services, banks, schools, supermarkets and transport routes
At a Glance
- Status
- Available
- Asking price
- $2,300,000
- Price per m²
- $14.52
- Land area
- 158,400 m²
- Land area
- 15.84 hectares
- Property type
- Development land
- Proposed development
- 525 homes and a commercial area
- Neighborhood
- Arraiján
- District
- Arraiján
- Province
- Panamá Oeste
- Listing ID
- CNV-PROP-079593
Key Facts
- Category
- Land
- Unit type
- Land Lot
- Listed
- 4 July 2025
- Last updated
- 6 October 2026
Gallery
10 photographs of this residence.
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Features & Finishes
Layout
- Full baths
- 1
- Total
- 158,400 m² · 1,705,002 ft²
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $2,300,000
- Price per m²
- $15 / m²
- Cash to close (est.)
- $690,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $690,000
- Loan amount
- $1,610,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$9,913
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
- The calculated asking price is approximately $14.52 per m², based on $2,300,000 divided by 158,400 m².
- The proposed project includes 525 homes, with 188 planned in Phase 1 and 337 in Phase 2.
Value Comparison
Asking price per m², against the building, the sector and the country.
Titled lot$15 / m²
Arraiján average$1,876 / m²
Panama average$4,306 / m²
Asking 99% below the Arraiján average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
The 15.84-hectare Arraiján parcel is offered for $2,300,000 and carries a proposed 525-home residential and commercial development concept. Current approvals, title, utilities and development costs need verification before an investment analysis.
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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 proposed residential and commercial program offers a development concept for a large parcel. Current permit validity, title, utility availability and development costs should be established before underwriting.
Price History
- Listed · July 2025$2,300,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Arraiján
Burunga, Arraiján
15.84-hectare land for sale in Arraiján
Arraiján, Arraiján
Positions are schematic, spaced by travel distance.
Get directionsArraiján on Casanova today
- Active sale listings
- 135
- Active rentals
- 0
- Median asking price per m²
- $1,471
Getting Around
Burunga, Arraiján, Panamá Oeste · —
Address shown to neighborhood precision for the owner's privacy. The exact address is shared when a viewing is confirmed.
Frequently Asked Questions
How large is the Arraiján land parcel?
The parcel measures 158,400 m², or 15.84 hectares.
What development is planned for the land?
The proposed project includes 525 detached homes and a commercial area, planned in two phases of 188 and 337 homes.
What is the asking price?
The asking price for the land is $2,300,000.
What infrastructure is included in the proposed project?
The plan specifies concrete roads, closed gutters, an underground stormwater network, a future IDAAN connection and a commercial area.
What is planned for the site?
The proposed development includes 525 detached homes and a commercial area.
What infrastructure is planned?
The plan includes concrete roads, closed gutters, underground stormwater drainage and a future IDAAN connection.
Similar Properties
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Interested in 15.84-Hectare Development Land in Arraiján?
Speak to our team — viewings in person or by video, usually within 48 hours.