Marbella Development Site, Panama City, FL

Panama City
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
Marbella Development Site,Panama City, FL
$5,500,000
Virtual Tour
  • 0.19 Acres
  • Lots / Land
  • Active
Listed by: juan ramos
Office: global terra invest llc.305-801-7347
MLS#:A12018780
Source:SEFMLS

Price summary

  • Price:$5,500,000

About this home

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.

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Home facts

  • Listing ID #:A12018780
  • Updated:May 14, 2026 at 12:35 PM

Structure and exterior

  • Lot area:0.19 Acres

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$5,500,000
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