Santa Elena Land Parcel with 1ZM5 Zoning Parque Lefevre
1,706 m² of mixed-zone land in Santa Elena
Parque Lefevre, Panama
Active
$1,500,000
USD$879 / m²
- 1,706 m²Lot area
Overview
Positioned along Santa Elena Avenue in Panama City’s Parque Lefevre area, this 1,706 m² land parcel offers a substantial footprint in a location with connections to several key city routes. Its stated 1ZM5 designation is Medium Intensity Mixed Zone, making the zoning details an important starting point for buyers assessing permitted uses. The parcel is offered at $1,500,000 USD, equivalent to approximately $879.25 per m² based on the stated area and asking price. Access to electricity, drinking water, wastewater drainage, sewer service and sidewalks is stated, giving buyers a useful foundation for evaluating site requirements. Confirm utility connection details and municipal development parameters as part of due diligence. Santa Elena Avenue provides access to Vía España, Vía Porras, Chanis and Costa del Este, with access to the Southern Corridor through Chanis and Costa del Este. The location combines a named avenue setting with links to these Panama City routes and areas. Contact us to discuss the parcel, review the zoning and arrange a site visit.
In Short
The Santa Elena land parcel measures 1,706 m² and is offered at $1,500,000 USD, or approximately $879.25 per m². Its stated 1ZM5 designation is Medium Intensity Mixed Zone. The location has access to Santa Elena Avenue and connections to Vía España, Vía Porras, Chanis, Costa del Este and the Southern Corridor.
Before You Decide
- Confirm the permitted uses and development parameters associated with the stated 1ZM5 zoning.
- Verify whether utility access means active connections at the parcel or availability nearby.
- Request a current survey, lot dimensions and title documentation before making an offer.
- Clarify whether any existing structures account for the source's bedroom and bathroom counts.
Highlights
- 1,706 m² land parcel
- Asking price: $1,500,000 USD
- Approximately $879.25 per m²
- Stated 1ZM5 Medium Intensity Mixed Zone designation
- Access to electricity and drinking water
- Access to wastewater drainage and sewer service
- Access to sidewalks
- Connections to Vía España, Vía Porras, Chanis, Costa del Este and the Southern Corridor
At a Glance
- Transaction
- For sale
- Asking price
- $1,500,000 USD
- Price per m²
- $879.25
- Land area
- 1,706 m²
- Property type
- Land lot
- Zoning
- 1ZM5 - Medium Intensity Mixed Zone
- Neighborhood
- Santa Elena, Parque Lefevre
- City
- Panama City
- Listing ID
- CNV-PROP-064944
Key Facts
- Category
- Land
- Unit type
- Land Lot
- Listed
- 5 October 2026
- Last updated
- 5 October 2026
Gallery
6 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
- 2
- Full baths
- 2
- Total
- 1,706 m² · 18,363 ft²
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $1,500,000
- Price per m²
- $879 / m²
- Cash to close (est.)
- $450,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $450,000
- Loan amount
- $1,050,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$6,465
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 works out to approximately $879.25 per m², calculated from $1,500,000 divided by 1,706 m².
- The parcel is identified with 1ZM5 Medium Intensity Mixed Zone zoning.
Value Comparison
Asking price per m², against the building, the sector and the country.
Titled lot$879 / m²
Parque Lefevre average$1,452 / m²
Panama average$4,306 / m²
Asking 39% below the Parque Lefevre average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
A 1,706 m² land parcel offered at $1,500,000, with a stated 1ZM5 medium-intensity mixed-zone designation and access to electricity, drinking water, wastewater drainage, sewer service and sidewalks.
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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$1,500,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Parque Lefevre
Parque Lefevre, Panama
Land for sale in Santa Elena, Panama City
Parque Lefevre, Panama
Positions are schematic, spaced by travel distance.
Get directionsParque Lefevre on Casanova today
- Active sale listings
- 55
- Active rentals
- 0
- Median asking price per m²
- $1,000
Getting Around
Parque Lefevre, Panama, Panamá · —
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 land parcel?
The land parcel measures 1,706 m².
What zoning designation applies?
The stated designation is 1ZM5, Medium Intensity Mixed Zone.
Which utilities and infrastructure are accessible?
Access is stated for electricity, drinking water, wastewater drainage, sewer service and sidewalks.
What is the asking price?
The asking price is $1,500,000 USD.
What zoning designation is stated for the parcel?
The stated designation is 1ZM5, Medium Intensity Mixed Zone.
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Interested in Santa Elena Land Parcel with 1ZM5 Zoning?
Speak to our team — viewings in person or by video, usually within 48 hours.