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For sale · El Cangrejo

US$240,000

3-Bedroom Apartment in El Cangrejo

El Cangrejo, Panamá

  • 3bedrooms
  • 2bathrooms
  • 1,259sq 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

3 bedrooms, 2 bathrooms, domestic room and bathroom, dining room, kitchen, storage room, 2 parking spaces, social area with pool, sauna, playground, gym, security. El Cangrejo is a neighborhood in Panama City, located in the Bella Vista district. Delimited by Via España and Via Simón Bolívar, the El Cangrejo neighborhood borders the neighborhoods of La Cresta, Herbruger, Campo Alegre, Edison Park, Obarrio and El Carmen. It is one of the most modern and exclusive neighborhoods in Panama. Currently, El Cangrejo is a bohemian area with contemporary architecture, abundant green areas, parks, embassies and restaurants, a neighborhood with a marked cultural identity. Built around a hill on which the Colegio de La Salle was installed and from which its curved streets start, laid out in harmony with the topography of the area. The main artery of the neighborhood is Via Argentina, which runs through the middle, joining Via España with Manuel Espinoza Batista Street. Flanked by palm trees and characterized by guayacan trees planted on the central islets, along the Via Argentina there are residential buildings, restaurants, bars, boutiques, musical instrument stores, the well-known Plaza Einstein with the emblematic sculpture of Einstein's Head by the Panamanian sculptor Carlos Arboleda and the Andrés Bello Park, the neighborhood's cultural center. Also notable is the bustling community of parakeets that live in the trees along this avenue. El Cangrejo has an intense nightlife, with a diversity of restaurants offering a very varied international cuisine, bars, hotels and casinos. One of its cultural epicenters is Andrés Bello Park, where art festivals, mini-concerts and political meetings are held. Home to several universities, in El Cangrejo the University of Panama, the Technological University of Panama (located there until 2010), the Latin American University of Foreign Trade, the Ganexa Art University, the Nova University, the Higher Institute of Haute Cuisine, the Inter-American University and the Metropolitan University of Education, Science and Technology stand out. Important schools in the neighborhood are Colegio De La Salle and The Lincoln Academy. The prestigious Dance Academy of Ilena de Sola and Josefina Nicoleti is also located in El Cangrejo.

Property information

At-a-glance details

Offering
For sale
Title status
Titled property
Interior area
1,259 sq ft
Asking price
US$240,000

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.