Newly Build Condo with Spectacular Views in El Cangrejo

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Province: Area/Town: Location: Panama Panama City El Cangrejo Map it Sale Price: Rent Price: Property Type: Bedrooms: Bathrooms: Constr. Area: Total Area: $159,900 N/A Apartment/Condo 2 2.5 117 m2 117 m2 Property ID: Times Viewed: Status: Date Published: 57239793 2,542 2007-11-16 m2:  = sq. ft   ha:    = acres

The Panama City Apartment is 117 m2 (roughly 1,250 square feet) and consists of 2 bedrooms, 2.5 baths, a connected living/dining area and an enlarged kitchen.

Each bedroom has its own private bathroom.  In addition there is a guest bathroom for visitors located near the entrance of the apartment.  There's also a large storage room off the kitchen next to the  “utility area” where the washer, dryer and utility sink are currently.

The balcony off the living area has fantastic views. Floor to ceiling windows in the living area and a giant window in the master bedroom to showcase the city, jungle and canal panoramas. The apartment is on the 17th floor, highest in the building except for the Penthouse.

The centrally located apartment comes with 2 parking spaces and the social areas of the building include a small gym, swimming pool, locker rooms with sauna and a nice tanning deck are all part of the social area. 

The views offered by the apartment are enviable and include:

• Ancon Hill
• Bridge of the Americas which is of particular beauty at night when lit up
• Metropolitan Park often refered to as the Lungs of Panama City
• The Panama Canal
• The historic district of Casco Viejo
• The Bay of Panama 

For an additional fee, any furnishes currently located in the apartment, including appliances, decor, lighting, curtains, A/C can be included.

This building is located in an ideal area made up mostly of upper middle class socieo economic level, with an abundance of mature trees, green areas and sidewalk cafes, restaurants and shops.  In addition to its ideal location, this property has great income producing potential as a rental. 

Generally long term rentals of 1 year  or more can fetch a monthly rate of atleast 1% of the value of the property per month.  Short term rentals can fetch nearly double, but need to be fully furnished.

• El Cangrejo
• El Cangrejo Real Estate