Islands for Sale in Panama

Updated: December, 2022

Islands for sale in Panama
Credit: Islands in Panama | Unsplash

Headlined by the Pearl Islands, Panama’s archipelago landscape is of growing interest to the world’s jet-setters and property investors. The country, which borders both the Caribbean Sea and the Pacific Ocean, surpasses itself as a haven for recreation and leisure – regardless of its modest size.

Pairing visual beauty with natural biodiversity, Panama’s islands cater to all criteria: from well-connected social hubs to remote sanctuaries lined with coconut palms and crystalline shores.

In total, the Central American nation harbours more than 1,400 islands – from locations in the Caribbean Sea to the Pacific and even the Panama Canal.

There are few limitations placed on foreign investment in Panama, with many islands being sold as freehold properties – granting the purchasing party full ownership of the land.

Another of Panama’s attractions is its tropical climate – the perfect accompaniment to ecological diversity and unspoilt landscapes. The average annual temperature throughout the country is 27°C, with median highs reaching 35°C. Though, given its tropical nature, Panama does endure a wet season from May until December – the months between are typically dry. 

13 Private Islands for Sale in Panama

Panama: Private Islands in Numbers (Of Known Values)
Private islands for sale: 13
Average island size: ~45.5 acres (184,294 SQM)
Average island price: ~$2,800,000 USD
Average island square meter price: ~$14 USD
Updated: December, 2022

1. Gibraleon Island ($13,000,000)


Credit: Gibraleon Island

  • Location: Balboa District, Isla del Rey
  • Size: ~227 acres, ~92 hectares
  • Description: 10km from shore, ~10km south of Contadora Island, ~13km northwest of San Miguel, 1.5 hours by boat from Panama City, or reached via a 15 minute by airplane to Contadora and a subsequent 10-minute boat ride.
  • Ownership: Freehold
  • See on Google Earth

One of the northernmost Pearl Islands, Gibraleon Island is a plot of cultural fame and natural splendour – the 227-acre property was the setting for a season of the US television show “Survivor”.

An extension of its parent archipelago, Gibraleon is characterised by crystalline waters, soft-sand shores, vibrant flora, and diverse wildlife.

Specifically, the property’s headline features include eight beaches, a natural bay ideal as a marina, whale watching and fishing opportunities, plus proximity to neighbouring islands and Panama City.

Gibraleon Island is listed for sale here

2. Aguja Island ($12,500,000)


Credit: Panama Realtor

  • Location: Balboa District, Isla del Rey
  • Size: 3705 acres, 1500 hectares
  • Description: 150m from shore, ~13km southeast of San Miguel, ~97km southeast of Panama City, ~33km southeast of Contadora Island
  • Ownership: Information upon request
  • See on Google Earth

Expansive and diverse territory, over 18 kilometres of premier ocean frontage, abundant wildlife, dense flora, natural anchorages with deep water access, and valuable isolation – the allures of this listing cannot be overstated. 

Spanning an excess of 1500 hectares (seven-and-a-half being Isla Aguja), this listing is divided between a large parcel of Panama’s famous Isla del Rey and the entirety of Isla Aguja. Given the sheer scale of the property on offer, there is, understandably, a valuable diversity of landscape: investors can expect pristine beaches, rocky outcroppings, sheltered coves, thick forestland, natural springs, and varying topography. 

A developmental master plan, pertaining to 160 hectares of the land and formulated by three international architectural firms, is also included in this property’s sale.

An unprecedented investment opportunity with vast scope.

Isla Aguja is listed for sale here

3. Puerco Island ($11,000,000)


Credit: Isla de Puercos

  • Location: Balboa District, Isla del Rey
  • Size: Exact information upon request
  • Description: 200m from shore, ~17km southeast of San Miguel, ~100km southeast of Panama City, ~37km southeast of Contadora Island
  • Ownership: Information upon request
  • See on Google Earth

Part of the Pearl Islands, Isla Puerco commands a prime location within the Gulf of Panama – offering, not only, direct access to the neighbouring hub of Isla del Rey but also convenient access to the country’s capital. 

Puerco is a sizable investment, being both one of the largest islands on the Panamanian market and one of the most expensive (at $11,000,000).

The property’s vast breadth contributes to its richness of landscape – sand beaches line Puerco’s shores while dense vegetation, abundant with wildlife, populates its interior.

Isla Puerco is listed for sale here

4. Cebaco Island Portfolio ($10,000,000)


Credit: Tropic Lands Panama

  • Location: Veraguas Province
  • Size: ~7695 acres, ~3114 hectares
  • Description: Information upon request
  • Map and ownership: Information upon request

Isla Cébaco is an expansive island off the southern coast of Panama’s Veraguas Province experiencing a surge in tourist interest due to its abundance of leisure opportunities – from snorkelling and diving locations to sport fishing and hiking. 

While not being sold in its entirety, this portfolio of 62 land parcels offers investors a chance to capitalise on Isla Cébaco’s commercial potential. 

Combined, the plots span an impressive ~7695 acres. Much of the portfolio comprises beachfront and ocean-view locations, with the contrasting inland spaces being characterised by hardwood plantations and agricultural land. It’s this diversity of landscape between each parcel that would grant investors valuable flexibility – from developing coastal retreats to monetising inland farmland, and even reselling plots for more immediate returns on the investment. The scope of purpose and potential is truly immense. 

A beachfront house comprising four bedrooms and impressive communal living spaces is also included in the sale.

Cebaco Island Portfolio is listed for sale here

5. San José Islands ($4,500,000)


Credit: Panama Realtor

  • Location: Chiriquí Province, Boca Chica
  • Size: ~50 acres, ~20 hectares
  • Description: 6km from shore, ~32km southeast of David
  • Ownership: Information upon request
  • See on Google Earth

Another island trio, these connected properties offer white-sand beaches, native forestland, abundant land and marine life, and pockets of developable land. 

The three entities, comprised of a main island (16 hectares) and two smaller plots (3.3 hectares and 1.3 hectares, respectively), combine for a total of 20 hectares and are located just off the limb of Boca Brava – one of Chiriquí Province’s largest islands. 

Not only are the islands themselves natural havens, but they also stand to serve as a gateway to the landscapes beyond. The waters surrounding San José are noted for their marine diversity, with adult humpback whales and their young migrating along the coast between September and November. The nearby mainland also shines as a hub for outdoor adventure, offering activities such as hiking, rafting, climbing, and ziplining.

As gateways to Panama’s great outdoors or as private sanctums, the San José trio make an attractive pitch to prospective investors.

Isla San José is listed for sale here

6. Island Quartet ($4,000,000)


Credit: Private Islands Online

  • Location: Colón Province, Portobelo
  • Size: ~45 acres, ~18 hectares
  • Description: 700m from shore, ~4km north of Portobelo
  • Ownership: Leasehold
  • See on Google Earth

Spanning a total of 45 acres, this island quartet offers a wealth of opportunity for prospective investors. 

The four islands (Sordo at 1.7 acres, Isla Paulina at ~17 acres, Isla Mamey at ~5 acres, and La Macana at ~17 acres) are located five minutes from the mainland at Portobelo – a medieval settlement on the northern shores of Panama.

Each plot has its specific allures, but all are properties of archetypal, tropical beauty: pristine sand beaches, surrounding reefs, native vegetation, and serene isolation. The divided nature of the portfolio offers further flexibility for buyers – some lands can be used for commercial development and tourist income while others can be utilised for private residences and retreats.

Island Quartet is listed for sale here

7. Marias Island ($3,000,000)


Credit: Private Islands Online

  • Location: Veraguas, Gulf of Montijo
  • Size: ~27 acres, ~11 hectares
  • Description: 2km from shore, ~23km northeast of Santa Catalina, ~42km south of Santiago
  • Ownership: Leasehold
  • See on Google Earth

Isla Marias constitutes a trio of islands within the Gulf of Montijo, a sheltered inlet in the south of Panama’s Veragua Province with valuable proximity to the protected Coiba Marine Park.

Yet, the acclaimed reserve is but one part of a much larger ecological landscape – the Marias find themselves at the heart of a wetland ecosystem of international importance. As such, the islands and their shores serve as habitats for whales, manta rays, orcas, and dolphins. 

The plots themselves, which amount to ~27 acres, also serve as definitive examples of Panamanian beauty – serene beaches, colourful reefs, and verdant flora.

Isla Marias is listed for sale here

8. Tambor and Magotes Islands ($2,500,000)


Credit: Private Islands Online

  • Location: Colón Province, Isla Grande
  • Size: ~15 acres, ~6 hectares
  • Description: 700m from shore, ~3km northeast of La Guaira, ~47km northeast of Colón City
  • Ownership: Freehold
  • See on Google Earth

The Tambor and Magotes Islands are found on Panama’s Caribbean border, grouped by the coast near Parque Nacional Chagres.

Per their proximity to the protected reserve, all three islands serve as impressive showcases of Central American nature. Each boasts an exceptional diversity of flora, a wealth of mammalian and bird life, and vibrant surrounding marine ecosystems.

Together, the three properties combine to span ~15 acres – Isla Tambor is measured at ~10 acres whilst the two Magotes cover 1.5 and 0.7 acres respectively.

Tambor and Magotes Islands are listed for sale here

9. Four Islands in San Miguel Archipelago ($2,000,000)


Credit: Private Islands Online

  • Location: La Palma,Gulf of San Miguel
  • Size: ~163 acres, ~66 hectares
  • Description: 2km from shore, ~4km west of La Palma, ~152km southeast of Panama City
  • Ownership: Freehold
  • See on Google Earth

Residing within the eponymous Gulf of San Miguel, the San Miguel Archipelago comprises four islands that span a total of ~55 hectares. Isla Conejo, Cabra, Flores, and Tallo are all located within one mile of each other and serve as a gateway to the waterways and landscapes of Darién Province. 

Though currently undeveloped, the four properties offer a wealth of buildable land – making them ideal investments for future ecotourism resorts and private retreats.

San Miguel Archipelago is listed for sale here

10. Palenquito Island ($2,000,000)


Credit: Panama Realtor

  • Location: Chiriquí Province, Boca Chica
  • Size: ~8 acres, ~3 hectares
  • Description: 160m from shore, ~29km southeast of David
  • Ownership: Information upon request
  • See on Google Earth

Located just off the southeastern limb of the larger Isla Palenque, Isla Palenquito is a property that showcases Panama’s finest charms: sweeping beachfronts, dramatic ocean vistas, mountain views, lush forestland, and an abundance of wildlife.

The ~three-acre property, certified to be outside of national park boundaries, subsequently presents an exciting development opportunity. The foundations for future construction have been laid – a freshwater well has been dug and a concrete dock facilitates vessel berths. 

Palenquito’s future is thus in the hands of an investor’s imagination: a private sanctuary alongside some of Panama’s most ecologically diverse landscapes or an opportunity for commercial expansion.

Isla Palenquito is listed for sale here

11. Three Islands in Veragua Province ($850,000)


Credit: Panama Realtor

  • Location: Veragua Province
  • Size: ~22 acres, ~9 hectares
  • Description: Information upon request
  • Ownership: Information upon request

A trio of islets within the Veragua Province spanning a combined total of nine hectares. 

The properties, while already part of one of the country’s most ecologically diverse areas, boast a variety of alluring opportunities for investors.

Ownership of the islets includes the options for tourist, sport, and commercial fishing. Furthermore, the combined lands are also available for agricultural use. Accommodations and a port are also permitted – developments that would facilitate stays and excursions to the property.

The private and commercial range of these associated properties sets them apart from other listings on the Panamanian market.

Islet Triplet is listed for sale here

12. Carabana Sol Island ($600,000)


Credit: Private Islands Online

  • Location: Dolphin Bay, Bocas Del Toro
  • Size: ~0.33 acres, ~0.13 hectares
  • Description: Meters from the shore, ~17km southeast of Almirante
  • Ownership: Freehold
  • See on Google Earth

Spanning just one-third of an acre within Dolphin Bay, Isla Carabana Sol is arguably the most manageable island on the Panamanian market. The property’s turnkey condition is another of its headline allures.

Led by a renovated, two-story house, the island also features a newly-added hot tub, indoor entertainment systems, an off-grid power configuration, communications infrastructure, a covered garage for a speedboat, and a deepwater boat berth connected to a new dock. 

Yet, Isla Carabana Sol’s offering of established development does not negate its natural wealth. The surrounding land, and the territories beyond, are a haven for flora and fauna – with notable species being pineapples, parrots, hummingbirds, and howler monkeys. 

Private refuge awaits.

Isla Carabana Sol is listed for sale here

13. Corozal Island ($250,000)


Credit: Panama Realtor

  • Location: Darien, La Palma
  • Size: ~46 acres, ~19 hectares
  • Description: 1km from shore, ~4km west of La Palma, ~151km southeast of Panama City
  • Ownership: Information upon request
  • See on Google Earth

Panama’s Darién Province, an area defined by its vast wilderness and wildlife, sits flush with the Columbian border. At the region’s heart is an expanse of diverse wetlands. And it’s within this natural haven that Isla Corozal can be found. 

The ~46-acre property is an intrinsic part of Darién’s ecological landscape, so much so that it is listed as a wetland of international importance by RAMSAR. Native inhabitants of the land include harpy eagles, capybaras, sloths, crocodiles, and jaguars.

A rich and colourful plot that is destined as a private, natural haven.

Isla Corozal is listed for sale here

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