TWO-STORY RESIDENCE FOR SALE IN EL CARMEN – RENOVATION OPPORTUNITY | 1,008 m² LOT

Located in El Carmen, one of Panama City’s most established and centrally located residential neighborhoods.

Surrounded by mature vegetation and set within a quiet, family-oriented environment, this property offers privacy and a connection with nature while remaining close to the city’s main services, commercial areas, and major roads.

Built in the 1960s, the residence retains distinctive architectural character and the generous proportions typical of large homes from that era. According to the information provided, its design received an award and recognition from the Panamanian Society of Engineers and Architects in 1965.

The property requires a complete renovation, including finishes, built-in furnishings, and installations. However, its location, spacious layout, and 1,008 m² lot provide an exceptional foundation for creating a high-end contemporary residence while preserving the architectural elements that give the home its unique identity.

Upon entering, the residence offers a generous sequence of social and private spaces. The main living room is complemented by a second area that could be transformed into a family room, entertainment area, library, home office, or meeting space.

A central staircase connects both levels and organizes the interior flow of the home. The kitchen offers extensive work surfaces, an island, abundant storage, and multiple preparation areas.

The bedrooms vary in size and configuration, with some featuring built-in closets. Bathrooms, hallways, and service areas complete a layout that allows for an effective separation between the home’s family, social, and service areas.

At the rear of the property, the swimming pool connects with the garden, covered terrace, and the home’s interior façade. Covered exterior walkways allow these spaces to be enjoyed in different weather conditions while creating a continuous connection between the interior and the surrounding greenery.

Main Features

• Two-story residence
• 1,008 m² lot
• Spacious living rooms and social areas
• Large kitchen with island and abundant storage
• Multiple bedrooms, some with built-in closets
• Swimming pool surrounded by gardens and mature vegetation
• Covered terrace and exterior walkways
• Vehicular access and covered parking
• Separate laundry and service area
• Excellent potential for a comprehensive high-end renovation
• Established residential location in central Panama City

More than a move-in-ready home, this property represents an opportunity to restore and reinterpret a residence with history, generous proportions, and a location that would be difficult to replicate today.

Contact us for complete property information and to schedule a private viewing.

Philip James Realty PJ-0721-09