Furnished Duplex Penthouse with Private Rooftop Pool
El Cangrejo
- 5 Beds
- 507 Baths
- 847 m²
$1,250,000
$1,476 / m²
RM2 Development Land in El Cangrejo
A 990 m² RM2 development opportunity near Vía Argentina
El Cangrejo, Panamá
Active
$990,000
USD$2,010 / m²
- 990 m²Lot area
Overview
Set approximately half a block from Vía Argentina, this 990 m² corner parcel brings together a strategic El Cangrejo address, RM2 zoning and an existing multi-level structure. At $990,000, the property offers a substantial urban site in one of Panama City’s established residential and commercial areas. The existing enclosed construction is approximately 5,302 sq. ft. (492.57 m²). Improvements include four apartments alongside commercial and operational areas, offices and parking spaces. Property data lists eight bedrooms and six bathrooms. The existing layout supports use while a buyer evaluates the site’s longer-term plans. The parcel’s RM2 zoning and location near Vía Argentina give it potential for a residential tower, boutique apartment project, medical center or small hospital, educational institution, corporate offices, senior living, wellness or clinic concept, mixed-use redevelopment, or Airbnb and serviced apartments. The asking price equates to $1,000.00 per m² of land. Explore the property’s current configuration and discuss your development objectives with Casanova Realty.
In Short
The El Cangrejo development property is priced at $990,000 and covers 990 m² of land. It has RM2 zoning, an existing multi-level structure with four apartments, commercial and operational areas, and a location approximately half a block from Vía Argentina.
Before You Decide
- The property combines 990 m² of land with an existing multi-level structure.
- RM2 zoning is identified; confirm permitted density and development parameters during due diligence.
- The existing improvements include four apartments plus commercial and operational areas.
- The property is approximately half a block from Vía Argentina in El Cangrejo.
Highlights
- 990 m² corner parcel in El Cangrejo
- RM2 zoning
- Approximately half a block from Vía Argentina
- Existing multi-level structure with four apartments
- Approximately 5,302 sq. ft. of enclosed construction
- Commercial, office and operational areas already on site
- Property data lists 8 bedrooms and 6 bathrooms
- Asking price: $990,000
At a Glance
- Status
- Available
- Asking price
- $990,000
- Price per m² of land
- $1,000.00
- Bedrooms
- 8
- Bathrooms
- 6
- Land area
- 990 m²
- Existing enclosed construction
- Approx. 492.57 m²
- Property type
- Development land with existing improvements
- Zoning
- RM2
- Neighborhood
- El Cangrejo
- City
- Panama City
- Listing ID
- CNV-PROP-069520
Key Facts
- Category
- Land
- Unit type
- Land Lot
- New or resale
- Resale
- Listed
- 5 October 2026
- Last updated
- 5 October 2026
Gallery
28 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
- 8
- Full baths
- 6
- Total
- 493 m² · 5,302 ft²
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $990,000
- Price per m²
- $2,010 / m²
- Cash to close (est.)
- $297,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $297,000
- Loan amount
- $693,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$4,267
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 asking price equates to $1,000.00 per m² of land, based on the $990,000 price and 990 m² parcel.
- The site includes approximately 492.57 m² of enclosed construction, converted from the source figure of approximately 5,302 sq. ft.
Value Comparison
Asking price per m², against the building, the sector and the country.
Titled lot$2,010 / m²
El Cangrejo average$2,239 / m²
Panama average$4,306 / m²
Asking 10% below the El Cangrejo average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
At $1,000.00 per m² of land, this 990 m² El Cangrejo parcel combines RM2 zoning with an existing multi-level structure and a location approximately half a block from Vía Argentina.
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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 · October 2026$990,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in El Cangrejo
Bella Vista, Panamá
Development land for sale in El Cangrejo
El Cangrejo, Panamá
Positions are schematic, spaced by travel distance.
Get directionsEl Cangrejo on Casanova today
- Active sale listings
- 249
- Active rentals
- 0
- Median asking price per m²
- $2,071
Getting Around
Bella Vista, 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 this El Cangrejo property?
The asking price is $990,000.
How large is the land parcel?
The parcel measures 990 m².
What zoning does the property have?
The property is identified as RM2-zoned.
What existing improvements are on the property?
The site has a multi-level structure with four apartments, commercial areas, offices and operational sections.
What zoning is identified for the property?
The property is identified as RM2-zoned.
What existing structures are on the site?
The site has a multi-level structure with four apartments, commercial and operational areas, and offices.
How close is the property to Vía Argentina?
The property is approximately half a block from Vía Argentina.
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Interested in RM2 Development Land in El Cangrejo?
Speak to our team — viewings in person or by video, usually within 48 hours.