Casa Margarita: a restoration opportunity in Santa Ana
A heritage-scale restoration opportunity in Santa Ana
Santa Ana, Panamá
Active
$1,379,999
USD$390 / m²
- 3,538 m²Built area
- 390 m²Land
Overview
Casa Margarita brings a distinctive restoration opportunity to Santa Ana: a property with 390 m² of land, a recorded construction area of 3,538 m² and a heritage character that gives its next chapter a sense of place. The building is offered for restoration at $1,379,999. Located on Avenida A between Calle 14 and Calle 15, Casa Margarita has RMH2-C2 zoning, which permits residential and commercial uses. Its Category 4 classification and combination of land, scale and historic character create a compelling starting point for a carefully considered project. Santa Ana is experiencing renewed investment, with new hotels, restaurants, plazas and residences contributing to the neighborhood’s momentum. The Puerta Sur entrance connects tourist activity with the barrio, while private investment and support from the Alcaldía de Panamá are helping drive revitalization. Explore the possibilities for Casa Margarita and arrange a visit to discuss the property.
In Short
Casa Margarita is for sale at $1,379,999. The building is on Avenida A between Calle 14 and Calle 15 in Santa Ana and is offered for restoration. Its stated zoning is RMH2-C2, with residential and commercial uses permitted.
Before You Decide
- The building is offered for restoration, so buyers should assess renovation scope and cost.
- The stated RMH2-C2 zoning permits residential and commercial uses.
- Confirm the construction-area figure and development potential against official plans and approvals.
- The detailed description places the property in Santa Ana, while the structured address identifies San Felipe; verify the official location.
Offered for restoration.
Highlights
- Casa Margarita, a building offered for restoration in Santa Ana
- 390 m² of land
- Recorded construction area of 3,538 m²
- RMH2-C2 zoning permits residential and commercial uses
- Category 4 classification
- On Avenida A between Calle 14 and Calle 15
- Santa Ana revitalization includes new hotels, restaurants, plazas and residences
- Asking price: $1,379,999
At a Glance
- Status
- Available
- Asking price
- $1,379,999
- Price per construction m²
- $390.05/m²
- Construction area
- 3,538 m²
- Land area
- 390 m²
- Year built
- 1970
- Condition
- Needs restoration
- Zoning
- RMH2-C2; residential and commercial uses
- Building
- Casa Margarita
- Neighborhood
- Santa Ana
- City
- Panama City
- Listing ID
- CNV-PROP-012439
Key Facts
- Category
- Commercial
- Property type
- Entire Building
- Unit type
- Building Entire
- New or resale
- Resale
- Listed
- 1 August 2026
- Last updated
- 4 October 2026
Gallery
7 photographs of this residence.
Explore Building
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
- Total
- 3,538 m² · 38,083 ft²
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $1,379,999
- Price per m²
- $390 / m²
- Cash to close (est.)
- $414,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $414,000
- Loan amount
- $965,999
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$5,948
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
HOA$0
Property tax$0
Insurance$0
Total, before mortgage:$0 / month
If you let it out
How It Compares
- The asking price is $1,379,999, equivalent to approximately $390.05 per m² using the recorded 3,538 m² construction area.
- The property has a stated land area of 390 m² and RMH2-C2 zoning.
Value Comparison
Asking price per m², against the building, the sector and the country.
Building$390 / m²
Santa Ana average$5,485 / m²
Panama average$4,306 / m²
Asking 93% below the Santa Ana average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
Casa Margarita is offered at $1,379,999, with 390 m² of land and a recorded construction area of 3,538 m². Its RMH2-C2 zoning permits residential and commercial uses.
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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
Price History
- Listed · August 2026$1,379,999
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Santa Ana
Santa Ana, Panamá
Santa Ana on Casanova today
- Active sale listings
- 92
- Active rentals
- 0
- Median asking price per m²
- $2,092
Getting Around
Santa Ana, Panamá, Panamá · Panama City
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 for Casa Margarita?
The asking price is $1,379,999.
What uses does the RMH2-C2 zoning permit?
The stated zoning permits residential and commercial uses.
What is the monthly maintenance fee?
The recorded maintenance fee is $0 per month. Confirm whether any shared services or other recurring costs apply.
Is the building suitable for restoration?
Yes. Casa Margarita is offered for restoration.
Similar Properties
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Interested in Casa Margarita: a restoration opportunity in Santa Ana?
Speak to our team — viewings in person or by video, usually within 48 hours.