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Listed by David Aguirre · Panama Property Guide

1/15
Apartment for sale

$400,000

4-bedroom apartment at PH Perlas del Pacífico, Avenida Balboa

PH Perlas del Pacífico, Apartamento 24-A · Avenida Balboa

  • 4 beds
  • 4 baths
  • 4 parking
  • 278 m² Interior area
  • 24 floor
  • $1,439 Price per m²

Description

A 278 m² apartment at PH Perlas del Pacífico, Apartamento 24-A, with 4 bedrooms, 4 bathrooms and 4 parking spaces on floor 24. The unit is a repossessed asset held by Banesco's repossessed-assets desk, and it is sold by offer rather than at a fixed asking price: Banesco publishes the figure shown here, evaluates the offers it receives and reserves the right to accept or decline any of them. Finca 46848. Details and photographs are reproduced from the bank's own published listing, verified on the date shown; the bank does not confirm that a listed unit remains available, so availability is worth checking before you travel to see it.

Property details

Property type
Apartment
Status
Available
Reference
PA-46848
Days on market
0
Availability verified
September 4, 2026
Last updated
September 4, 2026

Comparable price estimate

A research benchmark for this home's size, using similar properties in the building or area.

Asking-price benchmark

$394,000

Observed comparable range: $360,000 – $425,000

3 comparables · PH Perlas del Pacífico · Median price/m² × this home's area. Range is sample spread, not a confidence interval.

See the evidence

Advertised prices are not completed sales or an appraisal. Condition, views, floor, seller terms and legal issues can change value. Bank guide prices may differ from the price an offer will achieve.

Monthly cost for this home

Second home or investment

$2,595

/month

List price

$400,000

$80,000 (20%) down

30-year loan at 7.50%

Principal & interest
$2,237
Property tax
$117est.
Life & fire insurance
$232est.
Compare bank rates
PH fee
Bank handling
$9est.

The PH fee is not listed for this home and is left out of the total.

Total due at close$92,000
Discuss financingView bank ratesOpen the full calculator

*30-year average of published bank rates: 7.83% with FECI / 7.50% rate. Source: Banco General, Banistmo and Banco Nacional tariffs, checked September 13, 2026. Not a live feed, an offer or a pre-approval.

30-year average:

7.83%

With FECI

7.50%

Rate

Averages of published starting rates, for information only. .

Location
Avenida Balboa
Purchase price
$400,000
Down payment (20%)
$80,000

Compare banks based on your situation

Rates checked by Panama Property Guide from each bank's published terms on September 13, 2026.

Panama Property Score

Methodology v1.2

A score out of 10 for this property's price against its area, its potential to gain value and its neighborhood, calculated automatically from listing prices and OpenStreetMap.

9.1

out of 10

Price & opportunity · 40%
8.8 / 10
Appreciation potential · 30%
9.2 / 10
Neighborhood · 30%
9.3 / 10

Investment observations

  • $1,439/m², 26% below the Panama City median ($1,948/m²)
  • 7 active construction sites within 1.5 km

Neighborhood

  • 40+ restaurants and cafés within 800 m
  • Supermarket about 8 min walk
  • Park about 2 min walk
  • Pharmacy about 6 min walk

Building

  • 4 parking spaces

Area prices: median of 14 asking prices in 11 buildings for this property type in Panama City, including this one, with each building counted once, observed September 4, 2026. Asking prices are not sale prices. Neighborhood and construction data © OpenStreetMap contributors, as of July 28, 2026. Distances are measured in a straight line from the approximate location of the listing, and walking times are estimates. Licence

How the score works

Price & opportunity (40%): is the price per m² cheap or expensive next to similar properties for sale in the same area? A price in line with the area scores about 7.5, and the further below the area it is, the closer it gets to 10. Expected rental income also counts when we know local rents, and a recent price cut or qualifying for Panama's lower mortgage rate on a first new home adds a little.

Appreciation potential (30%): signs the area could gain value, such as a Metro or rail line being built nearby, new construction around it, a good neighborhood still priced below the rest of the district, or a newer building.

Neighborhood (30%): how many shops, restaurants, bus and Metro stops, parks and schools are within walking distance.

Scores run from 3 to 10, and only appear when we have price data plus at least one other part. A missing Metro line or building site nearby is left out rather than counted against the property. It is a research tool, not an appraisal, a forecast or investment advice.

Building safety & resilience

Evidence about the building and its surroundings, separate from the investment rank.

Building evidence is not available yet

Ask the agent for structural reports, fire and gas inspection records, flood and drainage history, and details of water storage and backup power.

Ask about building safety

Local resources: SINAPROC · Bomberos de Panamá

Location

Approximate location shown for privacy

Similar properties

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4 beds · 4 baths · PA-46848