Panama City, Panama

Unique Renovation and Development Opportunity on Taboga Island – $550,000. Discover an exceptional opportunity to acquire over half an acre on Taboga, known as Panama’s famous “Island of Flowers.” Located on Calle Francisco Pizarro, the property comprises three titled lots totaling approximately 2,056.15 m². The land features abundant tropical vegetation and two existing two-story structures, offering excellent potential for renovation, redesign, or development into a new island retreat. The existing structures require substantial renovation and structural repair work, so the property is offered as is. This is an ideal opportunity for investors, developers, architects, or buyers with a vision to transform a unique property into one of Panama’s most enchanting and historic islands. Key Features: Three titled lots Approximately 2,056.15 m², equivalent to over half an acre Two existing two-story structures Multiple terraces, balcony, and gazebo Mature tropical vegetation Water reserve tank Parking area Traditional architectural details of masonry and tile Excellent renovation or development potential Professional appraisal for $600,000 completed in May 2025 Asking price: $550,000. Property is being sold as is.

Courtesy of MLS ACOBIR