Bathrooms
3 bathrooms
House and R2B-zoned land in El Carmen
A 1,336.95 m² El Carmen lot with a home already in place
El Carmen, Panamá
Active
$800,000
USD$2,652 / m²
- 3Bed
- 3Bath
- 301.67 m²3,247 ft²
- 1,336.95 m²Lot
- 2Parking
Overview
Set on a substantial 1,336.95 m² trapezoid-shaped lot in El Carmen, this property combines an existing home with the scale of a city parcel. The land is identified with R2B zoning, and buildings surround the site—features that make a closer review of land-use options an important part of evaluating the opportunity. The 1966 house offers 301.67 m² of construction area, with 3 bedrooms, 3 bathrooms and 2 parking spaces. A terrace and a spacious garden add outdoor space to the home. The asking price is $800,000, equivalent to approximately $598.38 per m² of land when calculated against the stated lot area. Located on Calle Cuarta, also known as Calle Grecia, in El Carmen, the property is in Panama City. Its combination of an existing residence and a sizeable urban lot offers flexibility for buyers assessing the home, the land, or both. Contact Casanova Realty to arrange a viewing and review the property details and applicable land-use requirements.
In Short
The El Carmen property is offered for $800,000 and includes a 1,336.95 m² lot and a 301.67 m² house built in 1966. The house has 3 bedrooms, 3 bathrooms, a terrace, a spacious garden and 2 parking spaces. The land is described with R2B zoning.
Before You Decide
- The 1,336.95 m² lot is described as trapezoid-shaped.
- R2B zoning is stated; buyers should verify applicable permitted uses and approvals.
- The 1966 house has 301.67 m² of construction area, 3 bedrooms and 3 bathrooms.
- The property includes a terrace, a garden and 2 parking spaces.
- The reported maintenance fee is $0; its period and scope should be confirmed.
Highlights
- 1,336.95 m² trapezoid-shaped lot
- R2B zoning designation
- 301.67 m² of house construction area
- 3 bedrooms and 3 bathrooms
- Terrace and spacious garden
- 2 parking spaces
- On Calle Cuarta, also known as Calle Grecia
- Built in 1966
At a Glance
- Status
- Available
- Asking price
- $800,000
- Price per m² of land
- $598.38
- Bedrooms
- 3
- Bathrooms
- 3
- Construction area
- 301.67 m²
- Lot area
- 1,336.95 m²
- Parking
- 2 spaces
- Monthly maintenance fee
- $0
- Year built
- 1966
- Property type
- House with land
- Building
- Standalone house; no building name identified
- Neighborhood
- El Carmen
- City
- Panama City
- Listing ID
- CNV-PROP-011196
Key Facts
- Category
- Residential
- Unit type
- House Villa
- New or resale
- Resale
- Listed
- 4 June 2026
- Last updated
- 4 October 2026
Gallery
20 photographs of this residence.
Room by Room
Composed from this unit's own specification, not a template.
What's Included
Everything that stays with the residence.
- 2 parking spaces
Explore House
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
- 302 m² · 3,247 ft²
Parking & Storage
- Spaces
- 2
- Covered
- No
Outdoor
- Garden
- Terrace
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $800,000
- Price per m²
- $2,652 / m²
- Cash to close (est.)
- $240,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $240,000
- Loan amount
- $560,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$3,448
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
- Lot area: 1,336.95 m².
- Construction area: 301.67 m².
- Asking price: $800,000 USD; approximately $598.38 per m² of land.
Value Comparison
Asking price per m², against the building, the sector and the country.
House$2,652 / m²
El Carmen average$1,768 / m²
Panama average$4,306 / m²
Asking 50% above the El Carmen average — worth understanding what justifies it before you offer.
Investment Case
The asking price equates to approximately $598.38 per m² of land, calculated from the $800,000 price and the 1,336.95 m² lot.
- —
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
Price History
- Listed · June 2026$800,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in El Carmen
El Carmen, Panamá
House and land for sale in El Carmen
El Carmen, Panamá
Positions are schematic, spaced by travel distance.
Get directionsEl Carmen on Casanova today
- Active sale listings
- 51
- Active rentals
- 0
- Median asking price per m²
- $1,754
Getting Around
El Carmen, Panamá, Panamá · —
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 $800,000 USD.
How large is the lot and the house?
The lot measures 1,336.95 m², and the house has 301.67 m² of construction area.
How many bedrooms, bathrooms and parking spaces does the property have?
The house has 3 bedrooms, 3 bathrooms and 2 parking spaces.
What zoning designation is reported for the land?
The property is described with R2B zoning.
What zoning designation is stated for the land?
The land is described with R2B zoning.
Similar Properties
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Interested in House and R2B-zoned land in El Carmen?
Speak to our team — viewings in person or by video, usually within 48 hours.