Casco Antiguo (San Felipe) is Panama City’s historic center, declared a UNESCO World Heritage site in 1997. Its restored colonial and republican buildings house boutique hotels, top restaurants and one-of-a-kind apartments, in the most singular real estate market in the country.
Investing in the Casco means investing in a scarce, regulated asset: restoration is governed by the Casco Antiguo Office and inventory is finite by definition. Well-executed restored product combines heritage appreciation with hotel and tourist demand, within the zone’s special regulatory framework (including a tourist-rental regime that differs from the rest of the city).
Computed from Panavanti's active inventory as of 2026-10-20. These are asking prices. Each figure covers one asset class only, because an apartment, an office and a lot are different markets.
| Active listings | 21 |
|---|---|
| For sale | 16 |
| For rent | 5 |
| Asking prices (residential) | $308,000 (n=1) |
| Median asking price (commercial (offices, retail, buildings)) | $1,995,000 (n=14) |
| Asking prices (land lots) | $1,548,200 (n=1) |
| Property types | Edificio, Apartamento, Local comercial, Oficina, Lote de terreno |
Se Vende Edificio en Casco Antiguo (Casa Ana)
Edificio
US$5,500,000
SE VENDE EDIFICIO EN CASCO ANTIGUO, CASA FEDERICO
Edificio
US$5,172,658
SE VENDE EDIFICIO EN CASCO ANTIGUO
Edificio
US$1,936,700
SE VENDE EDIFICIO EN CASCO ANTIGUO, CASA MACKAY
Edificio
US$659,120
SE VENDE HOTEL SAN FELIPE EN CASCO VIEJO
Edificio
US$12,000,000
SE VENDE EDIFICIO EN CASCO ANTIGUO, CASA SANTANA
Edificio
US$2,600,000
SE VENDE EDIFICIO EN CASCO ANTIGUO, CASA LOEW
Edificio
US$2,000,000
SE VENDE EDIFICIO EN CASCO ANTIGUO, DONOVAN
Edificio
US$3,800,000
SE VENDE EDIFICIO EN CASCO ANTIGUO, CASA TÁNTALO, EN SALE-LEASEBACK
Edificio
US$6,290,000
SE VENDEN BELLOS APARTAMENTOS EN PLAZUELA ALFARO
Apartamento
US$308,000
¡SE ALQUILAN LOCALES EN CALLEJÓN SONÁ, CASCO ANTIGUO!
Local comercial
US$4,170
¡SE ALQUILAN LOCALES EN PLAZUELA ALFARO, CASCO ANTIGUO!
Local comercial
US$1,500
Nearby zones: Avenida Balboa · El Cangrejo
Related guides: Foreign investors · Airbnb ROI in Panama and what Law 80 allows (2026) · Buying property in Panama through a corporation (2026) · How to check property prices in Panama before you buy · all guides
If you are weighing an investment, look at the active listings in Panama, read how the buying process works, or message us on WhatsApp.