Facade of mid-century house with lush gardens in central Obarrio Panama ideal for redevelopment

Exterior View: Front of the classic mid-century residence surrounded by tropical landscaping.

Lush garden with city skyscrapers backdrop on Obarrio development lot Panama City

Garden/Exterior: Expansive green space and excellent city views from the property.

Traditional living room with wood ceiling, large windows, vintage decor mid-century house Obarrio Panama

Living Room: Spacious living area with wood finishes and natural light.

Vintage kitchen with large windows, retro design Panama City Obarrio mid-century house

Kitchen: Large kitchen area with ample light and garden view.

House + Land for Sale

Land + Mid-Century House for Development in Obarrio Panama

El Cangrejo / Calle 50 area, Obarrio, Panama City

USD1,950,000

7 Bedrooms 4 Bathrooms 375.0 m² Area 2 Parkings

About this House + Land

Exceptional 890m² lot with iconic mid-century residence designed by renowned architect Calvin Stempel in the heart of Obarrio Panama City. Features lush gardens, large terraces, 7 bedrooms, 4 bathrooms, covered parking and versatile social spaces across 375m² construction. RM3-C2 zoning permits high-rise residential towers or commercial projects, offering endless development potential. Situated steps from Calle 50's business hub and El Cangrejo, near Soho & Multicentro malls, banking district, hospitals and metro. Perfect site for boutique condos, corporate headquarters, restaurants or luxury home renovation. Priced at $1,950,000 – a rare opportunity for prime land in Panama City’s most dynamic sector. Contact Casa Nova Realty Panama to tour this unique investment property.

Contact Maria Lopez at Casa Nova Realty Panama today to schedule a viewing! Reference Listing ID: 4iGVv2b.

Key Features

Rare RM3-C2 multi-use zoning for high-rise or commercial use
Classic 1950s Mid-century architecture
Large landscaped lot with mature tropical garden
Ample terraces ideal for social spaces or expansion
7 bedrooms and 4 bathrooms across two floors
High ceilings and natural ventilation
Stone wall fencing for security and privacy
Two covered parking spaces
Prime location in Obarrio near Calle 50, malls and metro

Property Details

TypeHouse + Land

CategoryResidential & Commercial Development Opportunity

Size374.96 m²

Lot Size890 m²

Bedrooms7

Bathrooms4

Parking2

FurnishedNo

Pets AllowedNo

Price/m²USD5,200.55 / m²

Listing ID4iGVv2b

Year Built1955

Obarrio Residential Zone Amenities

Spacious Garden

Lush green mature tropical landscaping around property

Multiple Terraces & Social Areas

Indoor-outdoor spaces ideal for entertaining or expansion

Covered Parking

Gated, shaded parking for at least 2 vehicles on site

Architectural Heritage

Expansion/Development Potential

High zoning permits additional residential or commercial towers

Location & Nearby

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Neighborhood Highlights

Central location adjacent to Calle 50 business hub
Mixed-use zoning RM3-C2: high residential/commercial density allowed
Upscale neighborhood with embassies, banks, corporate offices
Close to Soho Mall, supermarkets and international schools
Excellent public transport and fast access to downtown

Nearby Landmarks

Soho Mall Panama (500m)
Multicentro Mall (1.2 km)
Financial District (Calle 50) (100m)
Hospital Punta Pacifica (1.5 km)
Iglesia del Carmen Metro Station (600m)

*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: 4iGVv2b. Last updated: 2025-11-07T23:59:00Z*