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3-BR Apartment for Sale in El Cangrejo | PH Velure
For Sale

3-BR Apartment for Sale in El Cangrejo | PH Velure

Panama City , Panama , Panama

Listing Ref: PLS-200073

🛏️
3
Bedrooms
🚿
2.5
Bathrooms
📐
129
🏷️
apartment
Type

Canal Views, Café Culture, and 129 Square Meters of Room to Breathe

This is the rare Panama City apartment that gives you real space — three bedrooms, 2.5 baths, a maid's suite, and two side-by-side parking spots — in a neighborhood where you can walk to dinner, coffee, and the pharmacy. From a mid-to-high floor at PH Velure, the Panama Canal threads through the horizon while El Cangrejo hums below. At $300,000 firm, it is priced beneath comparable units in the very same building.

Expats relocating to Panama City who want walkabilityFamilies needing three bedrooms without leaving the city centerInvestors seeking below-market entry in a proven rental districtRetirees wanting urban convenience and building amenities

Property Details

Morning in El Cangrejo begins with the smell of coffee drifting up from the street. You pour your own instead, carry it toward the window, and there it is — the long silver ribbon of the Panama Canal stitched into the distance, ships waiting their turn beyond a foreground of rooftops and jacaranda. From this mid-to-high floor at PH Velure, the city looks less like traffic and more like theater. You watch for a moment. Then the day begins, and everything you need is a short walk away.

Inside, the apartment gives you something increasingly scarce in Panama City real estate: room. One hundred twenty-nine square meters of it, arranged across three bedrooms and two and a half bathrooms, with light moving through the living space from mid-morning onward. The current owners converted one bedroom into a family den — a soft, book-lined kind of room where evenings slow down — and it can just as easily be returned to a full bedroom if your household needs the third. There is a maid's room with its own full bathroom, currently earning its keep as generous storage. Downstairs, two parking spaces sit side by side, not tandem, which anyone who has lived in this city will tell you is worth negotiating for. A separate storage unit completes the practical picture.

PH Velure was built for people who want their building to give something back. There is a swimming pool for the long, warm afternoons, a full gym for the disciplined mornings, and a racquetball court for those who prefer their exercise competitive. Children have their own playroom. Adults have a lounge with billiards. And on the penthouse level, a fully equipped coworking space turns the commute into an elevator ride — a detail that has quietly become one of the most valuable amenities in the city. There is even mini-golf, because life should include the occasional absurdity.

El Cangrejo is Panama City's most beloved urban village, and residents defend it with the loyalty of people who know they have it good. Spanish, Italian, Lebanese, Peruvian, Venezuelan — the restaurants here read like a passport. Cafés spill onto sidewalks. Supermarkets, banks, clinics, and the metro sit within easy reach, and Vía España and Calle 50 connect you to the rest of the city in minutes. It is one of the very few Panama City neighborhoods where a car is a convenience rather than a requirement, and that alone reshapes how you experience daily life here.

Then there is the number. Three hundred thousand dollars, final and non-negotiable, sold as-is, furniture and appliances excluded. It is a straightforward proposition, and deliberately so — the sellers have priced this apartment for a quick, clean transaction. For perspective, unimproved units on lower floors of this same tower are currently asking $350,000. You are being offered a higher floor, better views, and a fifty-thousand-dollar head start. For anyone looking to buy property in Panama with genuine space, a walkable address, and immediate value on paper, this is the kind of listing that does not linger.

Features

  • Panama Canal and city skyline views from a mid-to-high floor
  • 129 m² with 3 bedrooms and 2.5 bathrooms
  • Two side-by-side parking spaces — not tandem
  • Maid's room with full bath, plus separate storage unit
  • Penthouse coworking space, pool, gym, racquetball, mini-golf
  • $50,000 below comparable units in the same tower
  • Walkable El Cangrejo address near metro and Vía España

Neighborhood

El Cangrejo is where Panama City slows down enough to be enjoyed on foot — a leafy, mid-century district of sidewalk cafés, family-run restaurants, and neighbors who greet each other by name. It has the density of a capital and the rhythm of a small town, wrapped around one of the most convenient transit corridors in the country. Expats, students, professionals, and lifelong Panamanians share the same streets, and the mix is exactly what gives the neighborhood its character.

Nearby:

Dozens of international restaurants and sidewalk cafés within blocksIglesia del Carmen Metro Station (Line 1)Vía Argentina's café and nightlife stripSupermarkets, pharmacies, banks, and medical clinics on footUniversidad de Panamá and Parque UrracáMultiplaza and Vía España shopping districts

Commute Times: Roughly 10 minutes to the Financial District and Punta Pacífica, 15 minutes to Casco Viejo and the Cinta Costera, 25–30 minutes to Tocumen International Airport, and about 20 minutes to the Miraflores Locks.

Frequently Asked Questions

Why is this apartment priced below others in the same building?

The sellers have deliberately positioned it for a fast, clean sale at $300,000, final and non-negotiable. Comparable unimproved units on lower floors in PH Velure are currently listed around $350,000, so buyers are effectively gaining a higher floor and better Canal views at a discount.

Is this truly a three-bedroom apartment?

Yes. The layout is a genuine three-bedroom, 2.5-bathroom plan, though one bedroom is currently used as a family den. It can be converted back into a full bedroom easily and inexpensively, depending on the buyer's needs.

What is included in the sale?

The apartment is sold as-is and includes two side-by-side parking spaces, a separate storage unit, and a maid's room with a full bathroom. Furniture and appliances are not included, and no improvements will be made prior to closing.

Can foreigners buy property in Panama?

Yes. Foreign buyers hold the same ownership rights as Panamanian citizens for titled property, with no residency requirement to purchase. DoPanama Real Estate is licensed and bonded (PJ-1430-2023) and guides clients through title verification, escrow, and closing from start to finish.

Is El Cangrejo a good area for expats?

It is consistently ranked among the best Panama City neighborhoods for expats. You can walk to restaurants, supermarkets, clinics, and the metro, and the district has hosted a diverse international community for decades — which means English is widely spoken and daily life is easy to navigate.

How does this work as an investment?

Central, walkable, metro-adjacent apartments in El Cangrejo attract steady long-term tenants, including professionals and students. Buying below comparable in-building pricing creates immediate equity cushion — an appealing structure for anyone looking to invest in Panama real estate.

Price
$300,000

Priced $50,000 below comparable units in the same tower and firm at $300,000, this apartment is structured to sell quickly. Well-located three-bedroom homes in El Cangrejo rarely stay available long.

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