nique Renovation and Redevelopment Opportunity on Taboga Island – $550,000

Discover a rare opportunity to own more than half an acre on Taboga, Panama’s renowned “Island of Flowers.”

Located on Calle Francisco Pizarro, the property comprises three titled lots totaling approximately 2,056.15 m². The land features mature tropical vegetation and two existing two-story structures, offering an excellent foundation for a buyer with the vision to renovate, redesign, or create a completely new island retreat.

The existing structures require substantial renovation and structural work and are being offered in their current condition. This makes the property especially attractive to investors, developers, architects, or buyers looking for a distinctive restoration project in one of Panama’s most charming and historic island communities.

Property highlights include:

Three titled lots
Approximately 2,056.15 m²—more than half an acre
Two existing two-story structures
Multiple terraces, a balcony, and gazebo
Mature tropical surroundings
Water reserve tank
Parking area
Traditional masonry and clay-tile architectural elements
Excellent renovation or redevelopment potential
Professionally appraised at $600,000 in May 2025

Offered at $550,000 and sold in its current condition.

This is an opportunity to transform a substantial island property into a private family compound, boutique hospitality concept, vacation retreat, or income-producing investment, subject to the appropriate approvals.