Coronado Golf, Casa 505, Paseo del Galeón, Coronado · Coronado
5beds
5.5baths
2parking
628 m²Interior area
2,498 m²Lot area
2005Year built
$1,425Price per m²
Description
House 505 on Paseo del Galeón in Coronado, built in 2005, faces the Coronado golf course. It is a two-story house with 628 m² of construction on a fully fenced 2,498 m² lot. It has five bedrooms with split air conditioning, 5.5 bathrooms, a living and dining room with central air conditioning, a bar, a study, a breakfast nook, a play room and a maid's bathroom. The kitchen was remodeled in 2024. Two covered parking spaces come with it, with room for more cars. The asking price works out to about $1,425 per m². Outside are a large terrace, a pool with a gazebo, and a well alongside the aqueduct water supply. The house is sold furnished and is available immediately. Listed on the PREA MLS by Coronado & Panama Realty, S.A.; details as of 21 September 2026.
Property details
Property type
House
Status
Available
Reference
MLS-00006521
Listing courtesy of
Coronado & Panama Realty, S.A.
Days on market
0
Availability verified
October 21, 2026
Last updated
September 21, 2026
Comparable price estimate
A research benchmark for this home's size, using similar properties in the building or area.
More comparable evidence needed
At least three recent, distinct comparables on the same price basis are required. Research added through the CRM updates this estimate automatically.
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.
Property tax applies Law 66 of 2017 brackets to the price. A main home registered with the DGI is exempt to $120,000, then pays 0.5% to $700,000 and 0.7% above; other properties are exempt to $30,000, then pay 0.6% to $250,000, 0.8% to $500,000 and 1% above. The tax is charged on the registered value, and newer buildings may be exempt. Insurance assumes life cover of $0.50 per $1,000 of loan a month (Banistmo publishes $0.21 to $1.00 by age) and fire cover at Banistmo's $0.15 to $0.19 per $1,000 of value, with ITBMS. Bank handling is $8.56 a month, as Banco General and Banco Nacional charge. Closing costs assume 3% of the price; buyers typically pay 2% to 5% in cash purchases and 3% to 7% with a mortgage. Replace any figure with Edit payment.
*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. .
These are starting rates from each bank's published tariff, not offers. Panama Property Guide has no partnership with these banks and is not paid to show them. Your rate, term and financing depend on the property, your income, residency and the bank's appraisal. Get your quote sends your scenario to this home's agent, who can help you contact the bank.
Rates checked by Panama Property Guide from each bank's published terms on September 13, 2026.
Price history
TrueTrend
How asking prices per m² have moved in Panama City since 2017, with a monthly reading for Coronado.
Panama City (RIAL)
Coronado
September 2026
Panama City (RIAL)
—
Coronado
$1,338/m²
This property's asking price$1,425/m²
Panama City: median asking price per m² of 1 and 2 bedroom apartments of 20 to 100 m², priced $10,000 to $300,000, in Obarrio, Marbella and San Francisco, from the RIAL report by Universidad Torcuato Di Tella for the last week of each March and September. Coronado: Panama Property Guide's own analysis of asking prices per m² in property listings, one median per month. Each point is the median of that month's reading and the previous 2 readings. Asking prices are not sale prices. RIAL reports
Panama Property Score
A score out of 10 from our proprietary algorithm. It weighs this property's price against its area, its potential to gain value and its neighborhood.
The score appears once there are enough current prices for this area and neighborhood data for the location.
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.
