Property ID : CE2454-0200
For Sale $2,000,000 - Costa Esmeralda
ABOUT THE PROPERTY
This spectacular and spacious house near the sea in Costa Esmeralda has an incredible view, 4 bedrooms all with bathrooms. It also has a den, swimming pool, jacuzzi, living room, dining room, large kitchen, and 4030 square meters of land in front.
ABOUT THE NEIGHBORHOOD
Costa del Este is a district within Panama City, Panama, situated in the Juan Díaz township near the Parque Lefevre border. Distinguishing features of this locale include underground utilities and restricted-access residential zones.
Introduced to the public in 1995, the Costa del Este project has evolved into one of Panama City’s most expansive real estate developments. Including an extensive 310-hectare area, it has emerged as a significant and distinctive hub within the city, witnessing the construction of numerous skyscrapers.
A notable section of Costa del Este, now housing the Industrial Park, was previously recognized as the “Vertedero de Panamá Viejo,” originally formed through the artificial deposition of material extracted during the construction of the Panama Canal over the years. Initially neglected, this expansive tract has been transformed into a thriving Industrial Area, serving as a hub for distribution centers and merchandise storage. Other sections, characterized by mangroves and jungle, now host the most contemporary structures in the city. The transformation of these areas required the relocation of millions of tons of earth and rock, predominantly sourced from a hill near the Villa Guadalupe region, which was entirely excavated for this purpose.
Regarding the value of residential projects, the Costa del Este is the second-most valued area in Panama City, behind the Avenida Balboa.
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