For Sale
Marbella Development Site, Panama City, FL

$5,500,000
New For Sale
Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker

Details


  • MLS Number:A12018780
  • List Price: $5,500,000
  • Listing Date:May 13, 2026

Description


Prime income-producing development opportunity located in Marbella, Panama City’s financial district. This 774.38 m² site with 1ZM6 zoning permits up to a 15-story residential tower ideal for short-term rental operations. Existing 2,027 m² structure currently generates approximately $267,600 annual gross income from 10 rental units including luxury residence, independent triplex, and modern apartments. Strategic hold-and-develop opportunity offering immediate cash flow with substantial long-term redevelopment upside. Walkable location near Casco Viejo, Multiplaza Mall, hospitals, financial institutions, and Tocumen International Airport. One of the few remaining high-density development opportunities in Marbella with Airbnb-friendly positioning.

Location


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Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker