
Obarrio Land with a 1955 Mid-Century House
A Mid-Century landmark with room to reimagine
Obarrio, Panamá
$1,950,000
USD$5,201 / m²
- 890 m²Lot area
- YesBuildable
Overview
Set a few steps from prestigious Calle 50, this 890 m² Obarrio property pairs an architect-designed, two-storey house with RM3-C2 zoning. Designed by Panamanian architect Calvin Stempel in 1955 in the Mid-Century style, the well-preserved home gives the site a distinctive character and a range of possibilities for its next chapter. The property area is 374.96 m², with a separate lot area of 890 m². The house has two floors and is described with bright spaces, a garden, terrace and patio. Interior features include a storage room, white goods, a decorated finish and a water reserve tank. Two parking spaces are listed. For a restaurant concept, the front garden is presented as having potential for up to eight spaces, with a public parking lot directly across the street. RM3-C2 zoning is described as allowing high-density vertical construction and commercial uses, opening possibilities for a residential or commercial project subject to approvals. The central Obarrio setting puts Calle 50 close at hand, alongside the neighborhood’s commercial activity. Explore the potential of this distinctive property and arrange a visit to discuss your plans.
In Short
This Obarrio property includes an 890 m² lot and a two-storey house designed by Calvin Stempel in 1955. It is listed at $1,950,000 and has RM3-C2 zoning.
Before You Decide
- The stated lot area is 890 m², with a separate stated property area of 374.96 m².
- RM3-C2 zoning is described as allowing high-density vertical construction and commercial uses; verify project-specific limits and approvals.
- The two-storey existing house was designed in 1955; its actual completion year and room count are not established.
- The property details list two parking spaces; the restaurant concept's potential for up to eight spaces requires feasibility confirmation.
Highlights
- 890 m² lot in central Obarrio
- Two-storey Mid-Century house designed in 1955 by Calvin Stempel
- 374.96 m² stated property area
- RM3-C2 zoning described for high-density vertical and commercial uses
- Garden, terrace and patio
- Storage room, white goods and water reserve tank
- Two listed parking spaces; restaurant concept describes potential for up to eight in the front garden
- A few steps from Calle 50; public parking is directly across the street
At a Glance
- Status
- Available for sale
- Asking price
- $1,950,000
- Price per m² of land
- $2,191.01
- Property area
- 374.96 m²
- Lot area
- 890 m²
- Floors
- 2
- Parking
- 2 spaces
- Design year
- 1955
- Zoning
- RM3-C2
- Property type
- Land with an existing house
- Neighborhood
- Obarrio
- Corregimiento
- Bella Vista
- City
- Panama City
- Listing ID
- CNV-PROP-047890
Key Facts
- Category
- Land
- Unit type
- Land Lot
- New or resale
- Resale
- Decor style
- Decorated; style not specified
- Listed
- 3 July 2024
- Last updated
- 4 October 2026
Gallery
3 photographs of this residence.
What's Included
Everything that stays with the residence.
- White goods; specific appliances not itemized
- Storage room
- Decorated
- White goods (specific appliances not itemized)
- Water reserve tank
- 2 parking spaces
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
- Total
- 375 m² · 4,036 ft²
Systems & Comfort
- Views
- Street, City
Parking & Storage
- Spaces
- 2
- Covered
- No
Interior
- Storage room
- Decorated
- White goods (specific appliances not itemized)
- Water reserve tank
Appliances included
- White goods; specific appliances not itemized
Outdoor
- Garden
- Terrace
- Patio
- Trees
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $1,950,000
- Price per m²
- $5,201 / m²
- Cash to close (est.)
- $585,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $585,000
- Loan amount
- $1,365,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$8,405
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
Total, before mortgage:$0 / month
If you let it out
How It Compares
- Land area: 890 m².
- Asking price: $1,950,000 USD.
- Stated zoning: RM3-C2.
- Existing structure: two-storey house designed in 1955.
Value Comparison
Asking price per m², against the building, the sector and the country.
Asking 113% above the Obarrio average — worth understanding what justifies it before you offer.
Investment Case
An 890 m² Obarrio site with a two-storey Mid-Century house, RM3-C2 zoning and a stated asking price of $1,950,000.
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- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
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- Days on market
The stated RM3-C2 zoning and the existing house offer potential for residential or commercial redevelopment, subject to approvals.
Price History
- Listed · July 2024$1,950,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Obarrio
Bella Vista, Panamá
Land with a house for sale in Obarrio
Obarrio, Panamá
Positions are schematic, spaced by travel distance.
Get directionsObarrio on Casanova today
- Active sale listings
- 278
- Active rentals
- 0
- Median asking price per m²
- $2,124
Getting Around
Bella Vista, 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?
How large is the lot?
What zoning does the property have?
How many parking spaces are included?
How many floors does the existing house have?
What is the property's zoning?
What does the RM3-C2 zoning permit?
Similar Properties
Same market, comparable size and price.
Interested in Obarrio Land with a 1955 Mid-Century House?
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