R2D3 Development Land in Altos de Amador Ancón

Set in Altos de Amador, this 2,047 m² titled parcel is offered for $1,100,000. Its R2D3 zoning and substantial land area create an opportunity to explore a residential development concept in one of Panama City’s distinctive coastal districts. The property is identified as part of the Sector Forestal, and sea views may be attainable from higher floors of a future building. The zoning description identifies R2D3 as a medium-density residential zone that includes vertical multifamily housing of eight or more units, with a maximum density of 600 people per hectare. It also describes open-space provisions, including children's recreation areas, pedestrian walkways and natural areas. Development plans should be assessed against current municipal rules and approval requirements. Altos de Amador places the site in the Amador Causeway area of Panama City, a setting associated with the waterfront and the city’s coastal landscape. The land area is 2,047 m², equivalent to approximately 0.2047 hectares, and the asking price works out to about $537.37 per m². Contact Casanova Realty to discuss the parcel and arrange the next steps for due diligence.