Panama Property Listings
homes apartments land,
Panama Multiple Listing Service

Beautiful, fully titled beachfront parcel located just minutes from Portobello on Panama's Caribbean coast. Driving time from Panama City will be just over 1 hour once new freeway is completed in early 2009, and under 30 minutes to the new Royal Caribbean Cruise Lines port where 7 day Caribbean cruises will begin launching in December 2008.

This property boasts nearly 2.5 kilometers of oceanfront land consisting of both cliffs and beach. Sloping hills coming up from the water create a dynamic landscape suitable for golf, condos, and ocean view villas and homes. Perfect location just minutes from Portobello and the Portobello Bay. The waters here are calm and clear - picturesque Caribbean, yet you are also surrounded by parkland and historic ruins (suitable zoning for low density residential). Even a shipwreck from one of Columbus's fleets is rumored to be nearby, in addition to the remants of old Spanish forts. But perhaps the best part of this property is the pricetag - just $3/meter in an area where coast land is not routinely selling for a minimum of $10 - $15/meter. At this price the parcel represents an an excellent investment opportunity for land banking and/or future development.