Building in El Cangrejo

⌖ El Cangrejo, Panamá

3bedrooms
2bathrooms
1,345sq ft
2parking spaces

$Priced in USDClear pricing for U.S. buyers

✓Due-diligence supportIntroductions to independent local professionals

▣Remote viewing availableLive or recorded video walkthroughs

About this property

BARGAIN LUXOR TOWER Modern and elegant building with an unbeatable location in El Cangrejo. The building has an Olympic swimming pool, gym, party room, billiards, sauna, bar, barbecue areas, and children's playground. 24 hour security, security cameras, full power plant, water reserve tank, electric and monitored gates for the entry and exit of vehicles. The Apartment has 1,345 sq ft distributed as follows: master bedroom with bathroom, 2 secondary bedrooms and bathroom, living room, dining room, balcony, kitchen, laundry. Excellent quality finishes, laminate floors, contemporary kitchen furniture, stone and wood accents. 4 Inverter Air Conditioners Inverter Stove and Refrigerator, stainless steel Grease extractor and microwave Hunter Douglas blinds Laundry area with: 1 Gas Dryer 1 Washing Machine 1 Gas Water Heater 2 Indoor and independent parking spaces. Must see to appreciate!!!

Property information

At-a-glance details

Offering: For sale
Title status: Titled property
Interior area: 1,345 sq ft
Asking price: US$300,000

Buying in Panama

Common questions from U.S. buyers

Can a U.S. citizen own property in Panama?

U.S. citizens and other foreign buyers can generally acquire real estate in Panama. The property’s title, ownership structure, and any location-specific restrictions should still be confirmed by an independent Panamanian attorney before you sign or transfer funds.

What due diligence should be completed before closing?

Your independent attorney should verify the registered owner and property description at Panama’s Public Registry; search for mortgages, liens, restrictions, pending claims, and tax obligations; confirm the seller’s authority; review building or condominium records; and confirm that utilities and applicable maintenance fees are current.

How does a typical purchase move from offer to ownership?

After the commercial terms are agreed, the parties usually sign a reservation or promise-to-purchase agreement. Once due diligence is complete, the final deed is signed before a Panamanian notary and submitted to the Public Registry.

Can I review and purchase the property from the United States?

Yes. Start with a live or recorded video walkthrough and request the listing documents for independent review. Buyers who cannot attend closing may be able to use a properly prepared power of attorney, subject to Panamanian formalities and their attorney’s advice.

This overview is general information, not legal or tax advice. Buyers should retain independent Panamanian legal and tax professionals for the specific property and ownership structure.