Panama, Casco Antiguo

One of the advantages of being a full service brokerage specialized only in Casco Viejo is that we get to know all the projects and apartments whether we build it or not. For us, it is all about presenting you with the best option that fits your specific need and budget.

As every property is different, and every project is unique, gathering the same criteria for all of them is a challenge. So here is the most extensive list you’ll find out there on restored properties in Casco Viejo, for less than $350,000. Don´t be shy! Sharpen your calculator and pencil and compare!


La Posada Isabela: 
9th Street.

Currently Under Construction. Will deliver in a year, which will allow it to benefit from the 20 year property tax exemption. Offers: parking and 2 bedrooms on a one level (no mezzanines). Probably our best pick for "Value Package of the Year".


Commercial Space: $210,000
Area: 80 mt2
Feet: 861.11 mt2
1.5 bathroom
Parking: yes! one parking included.
Direct access from the street

Apartment 4D: $290,000
Area: 112.97
Feet: 1215.99 ft2
# Bedrooms: 2
# Bathrooms: 2
Parking: yes! included in price.
Balcony: yes
Level: on the third floor.
Notes: this apartment has no mezzanine level, therefore you enjoy the full height which is over 11 feet.
Views: Street views.

Apartment 3C:$295,000
Area: 119.89 mt2
Feet: 1290.48 ft2
# Bedrooms: 2
# Bathrooms: 2
Parking: yes! included in price.
Balcony: yes
Level: on the third floor.
No mezzanine levels.
Views: Street views.


Apartment 2 B: $332,000
Area: 164.63 mt2 (106.24 mt closed, 55.40 mt2 open patio)
Feet: 1772.06 ft2
# Bedrooms: 2
# Bathrooms: 2
Parking: yes! included in price.
Balcony: yes
Level: on the third floor.
No mezzanine levels
Views: Street views.


Apartment 1 A: $325,500
Area: 161.64 mt2 (106.24 mt closed, 55.40 mt2 open patio)
Feet: 1739.88 ft2
# Bedrooms: 2
# Bathrooms: 2
Parking: yes! included in price.
Balcony: yes
Level: on the third floor.
No mezzanine levels.
Views: Street views.



Casa Malecon: 
Terraplen.

Under Construction. Should deliver in a year and a half or even less, for which has great chances to fall into the 20 year property tax exemption. Has the advantage of the water view from the common roof terrace. The area will benefit from the Cinta Costera project which will connect with the Mercado de Mariscos in 3 years providing Terraplen with a fantastic park and car access.

Apartment No. 5:

Price: $170,000
Area: 81 mt2
Feet: 871.88 ft2
# Bedrooms: 1   (bedroom located in mezzanine level)
# Bathrooms: 1.5
Balcony: yes
Parking: limited availability.
Location: Terraplen
Others: access to water view common roof terrace.

Notes: This apartment is towards the back of the building, therefore doesn´t have any direct waterviews from the apartment itself. However, it is on the last level and therefore very easy access to a common roof terrace which is water view. In the practice the apartments on the upper floor are always the ones to use this amenity more, so you get it, but you are not being charged for it!  Your front views are street views.  Keep in mind Terraplen is at an early stage of restoration.


Montefiori:
9th Street and Central Avenue

Finished! Delivery in 2 months aprox. Property tax free for 20 years. All kitchen appliances, laundry and a/c split units included. could be ready to move in or get rented in almost no time.

Apartment No. 3: $306, 250
Area: 125 mt2
Feet:1345.49 ft2
# Bedrooms: 1  (loft style, bedroom located in mezzanine level)
# Bathrooms: 1.5
Balcony: yes, also a wrap around balcony.
Parking: no
Views: since it is on the third floor, corner, it has wonderful views to La Merced Church on the wide part of Central Avenue.
Appliances: includes good kitchen and laundry appliances
Tax: no! this apartment is property tax exempt for 20 years.


Calle del Palacio
1st Street

Existing apartment in the best of Casco Viejo. Fully furnished, it is ready to move in or get it rented.

Apt 3B: $295,000
Size: 98.75 mt2
Feet: 1062.94 ft2
# Bedrooms: 1
# Bathrooms: 1.5
Balcony: yes
Parking: no
Views: side water views towards Panama´s Bay and Paitilla city views. Also views to the Paseo Hurtado with it´s lovely "veraneras".
Notes: Fully furnished. Ready to move in or get it rented.


Casa Kliemman: 
9th Street.

Under Construction. Should deliver in a year and a half. It also has good chances of getting the tax break. However, keep in mind that if the projects are delayed after December 2009 this won´t apply.

Unit A: $245,000 (as residence) or $215,000 (as commercial)
Area: 114.66 mt2
Feet: 1234 ft2
# Bedrooms: 1  (bedroom located in mezzanine level)
# Bathrooms: 2
Balcony: no. But your door faces the street, which makes this space a possible commercial space.
Location: 9th street, at a side of school Republica de Mexico
Parking: the project has no parking. But there is street parking available.

This unit and # B should be great for people looking to live and have a work space on the same site. Artist, creative professions, welcome!

Unit B: $185,000( residential) $160,00 (as commercial)
Area: 84.06 mt2
Feet: 904.81 ft2
# bedrooms: 1   (bedroom located in mezzanine level)
# bathrooms: 1.5
Balcony: no. Again, the main entrance is towards the street.

Unit C: $115,000
Area: 60.42 mt2
Feet: 650.35 ft2
# bedrooms: 1  ( bedroom located in mezzanine level)
# bathrooms: 1.5
Balcony: no. Is an internal apartment.
Views: no external views.

Unit F: $120,000
Area: 61.55 mt2
Feet: 662.52 ft2
# bedrooms: 1  (bedroom located in mezzanine level)
# bathrooms: 1.5
Balcony: is an internal apartment. It has a small balcony towards the internal patio of the building.
Views: only to the internal patio.

Unit H: $175,000
Area: 78.48 mt2
Feet: 844.75 ft2
#bedrooms: 1  ( bedroom located in mezzanine level)
# bathrooms: 1.5
Balcony: internal only.
Roof Terrace: yes. Most likely you´ll have a view towards the skyline of Paitilla from the roof terrace.
Views: not from the apartment, but from the roof terrace.


Casa Newman:
8th Street, Central and José de Obaldía (at the back of Central).

Starting construction at the ends of 2008. Should deliver in two years at the most. 

Commercial Space # 5: $131,560
Area: 57.20 mt2
Feet: 615.69 ft2
1/2 bathroom
Parking: no
Street entrance from José de Obaldía

Commercial Space # 6: $160,175
Area: 64.07 mt2
Feet: 689.64 ft2
1/2 bathroom
Parking: no
Street entrance from José de Obaldía

Note on the commercial spaces: although they seem to be a bit hidden, truth is that there will be several hotels in the area. So you will get your exposure!

Apartment No. 3: $282,026
Area: 122.62 mt2 (95.91 closed, 26.71 open)
Feet: 1319.87 ft2
# Bedrooms: 1
# Bathrooms: 1.5
Balcony: yes. Actually a good wrap around balcony.
Parking: no
No mezzanine level.
Views: Street views towards José de Obaldía Street.