Rustic two-story countryside house with balcony nestled in cloud forest at El Alcázar Altos de Cerro Azul Panama

Exterior overall: Front view of multi-unit residence in natural setting with balcony and wooden accents.

Rustic mountain home exterior with stone wall and porch at El Alcázar Cerro Azul Panama

Front porch exterior: Authentic rustic architecture with natural stone and wooden railings.

Rustic sunroom with large windows and stone accent overlooking forest in Cerro Azul Panama

Sunroom / enclosed terrace: Relaxing enclosed sunroom ideal for mountain living surrounded by nature.

Simple bedroom with twin wooden beds and nature views in Cerro Azul Panama

Bedroom: Bright bedroom with wooden furnishings perfect for country retreat.

Indoor staircase with rustic stone walls and wooden railings in Cerro Azul Panama

Hallway / staircase: Rustic-style staircase connecting upper and lower apartments.

Mountain view sunroom with patio doors to balcony in Altos de Cerro Azul Panama

Sunroom / lounge: Cozy enclosed patio lounge ideal for enjoying mountain vistas.

Rustic living dining space with breakfast bar at Altos de Cerro Azul Panama

Living / dining area: Spacious living area with natural stone motif and open concept layout.

Kitchen with breakfast bar and wood cabinetry in mountain estate Cerro Azul Panama

Kitchen: Traditional kitchen space with tile counters open to dining area.

Front porch and wooden entrance of mountain home in El Alcázar Cerro Azul Panama

Exterior porch: Covered entry with rustic wood doors opening onto lush garden area.

Rustic patio with garden view, chairs and stone walls in Cerro Azul Panama

Patio/terrace: Peaceful covered terrace space ideal for outdoor relaxation.

Sunroom enclosed terrace with blue cushions and garden view in Cerro Azul Panama

Sunroom / enclosed patio: Casual sunroom space to enjoy mountain scenery comfortably.

Entrance porch with stone accents and garden seating Cerro Azul Panama

Entry porch exterior: Inviting entrance porch to relax amidst nature.

Bedroom with two single wooden beds, tile floor, and closet in Altos de Cerro Azul Panama

Bedroom: Simple comfortable sleeping area in mountain estate home.

House for Sale

8BR Lakeview Estate for Sale in Altos de Cerro Azul Panama

Altos de Cerro Azul - El Alcázar, Pedregal, Panama City

USD356,250

8 Bedrooms 4 Bathrooms 393.0 m² Area 6 Parkings

About this House

Escape to serenity in this expansive countryside estate in the exclusive El Alcázar sector of Altos de Cerro Azul, Panama. Boasting approximately 393m² of construction on a generous 1,661m² lot, this multi-family property offers 4 separate apartments across two levels – each with 2 bedrooms, bathroom, kitchen with breakfast bar, spacious living/dining area and private balcony or terrace overlooking lush mountains or the lake. Ideal for large families, investors seeking rental income, or a nature retreat. Surrounded by mature forest, waterfalls, rivers, and a pristine lake right in front, it features a basketball court, recreation zones, open parking for 6, and 24/7 gated security. Perfect for mountain living with cool climate, privacy and connection to nature less than an hour from Panama City. Excellent opportunity combining comfort, stunning scenery and investment potential. Contact Casa Nova Realty Panama today for a viewing.

Contact Maria Lopez at Casa Nova Realty Panama today to schedule a viewing! Reference Listing ID: 4ErxDv6.

Key Features

Multi-unit layout perfect for extended family or rental
4 independent apartments - each with own entrance
Private balconies or terraces with scenic views
Basketball/sports court within property
Large open front parking area
Ample green space with mature trees
Direct access to lake and nature trails
24-hour community security
Cool mountain climate year-round
Surrounded by rainforest, wildlife and waterfalls

Detailed Features

Kitchen

FinishTile countertops, traditional cabinets

RemodeledNo

Appliances

gas stove
refrigerator

Bedrooms

Bedroom 1

large windows
closets
ceiling fan

Bedroom 2

large windows
closets
ceiling fan

Bedroom 3

large windows
closets
ceiling fan

Bedroom 4

large windows
closets
ceiling fan

Bedroom 5

large windows
closets
ceiling fan

Bedroom 6

large windows
closets
ceiling fan

Bedroom 7

large windows
closets
ceiling fan

Bedroom 8

large windows
closets
ceiling fan

Bathrooms

Bathroom 1

walk-in shower
pedestal sink
tile walls

Bathroom 2

walk-in shower
pedestal sink
tile walls

Bathroom 3

walk-in shower
pedestal sink
tile walls

Bathroom 4

walk-in shower
pedestal sink
tile walls

Laundry

indoor laundry area with hookups

Outdoor

TerraceMultiple covered terraces overlooking the forest and lake

Property Details

TypeHouse

CategoryResidential

Size393 m²

Lot Size1661 m²

Bedrooms8

Bathrooms4

Parking6

FurnishedNo

Pets AllowedNo

Price/m²USD906.49 / m²

Listing ID4ErxDv6

El Alcázar Residences Amenities

Natural lakes and rivers

Large community lake and several streams perfect for kayaking and fishing

Basketball court

Outdoor sports facilities for residents

Picnic and BBQ areas

Designated spaces for outdoor dining

View decks & gazebos

Scenic mountain and rainforest lookout points

Private nature trails

Hiking paths within the mountain community

Bird watching zones

Rich biodiversity for wildlife lovers

24-hour security gate

Controlled access with guard post

Mountain adventure activities

Opportunities for ATVs, kayaking, nature exploration

Location & Nearby

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Neighborhood Highlights

Private mountain residential community
Cool climate surrounded by cloud forest
Within Chagres National Park limits
Gated entry with 24/7 security
Wildlife observation opportunities
Nature trails, rivers, waterfalls, lakes
Community common areas and lake

Nearby Landmarks

Cerro Azul Summit (2 km)
Lago El Alcázar (50 m)
Rio Pacora (500 m)
Sendero Cerro Jefe (4 km)
Altos de Cerro Azul Visitor Center (2 km)

*Disclaimer: Property information is deemed reliable but not guaranteed and should be independently verified. Availability, price, and details are subject to change. Measurements are approximate. Listing ID: 4ErxDv6. Last updated: 2025-11-07T23:59:00Z*