Latest listing added: August, 2026
1. Gibraleon Island ($13,000,000)
- Location: Balboa District, Isla del Rey
- Size: ~227 acres, ~92 hectares
- Description: 10km from shore, 10km south of Contadora Island, 13km NW of San Miguel
- Ownership: Freehold
- Development: Non Developed
- Map: 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.
2. Aguja Island ($12,500,000)
- Location: Balboa District, Isla del Rey
- Size: ~3,700 acres, 1500 hectares
- Description: 150m from shore, 13km SE of San Miguel, 97km SE of Panama City
- Ownership: Freehold
- Development: Non Developed
- Map: 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.
3. Puerco Island ($11,000,000)
- Location: Balboa District, Isla del Rey
- Size: ~160 acres, ~64.7 hectares
- Description: 200m from shore, ~17km southeast of San Miguel, ~100km southeast of Panama City, ~37km southeast of Contadora Island
- Ownership: Freehold
- Development: Non Developed
- Map: 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.
4. Porcada Island ($10,800,000)
- Location: Chiriquí Province, Quebrada de Piedra
- Size: ~924 acres, ~374 hectares
- Description: 400m from shore, ~79km east of David
- Ownership: Freehold
- Development: Developed
- Map: See on Google Earth
Escape to your own self-sufficient paradise on Isla Porcada, a stunning private island located just off Panama’s Pacific Coast with lush tropical landscapes, a freshwater spring, and plenty of ground water.
Currently used as a holiday retreat and cattle/horse ranch, Isla Porcada also offers potential for development into a golf resort, private hideaway, or even a stud farm. With its own reliable electricity connection and good cell phone coverage, this island is the perfect place to disconnect while staying connected.
Enjoy complete privacy in the owner’s residence, or relax in the farm house, caretaker’s house, or one of the four staff buildings. Plans for an additional guest house on the island’s plateau are already in place, further increasing the island’s tourism potential.
Access the island by boat or waterplane, or even reactivate the now overgrown runway with the proper authorizations.
5. Isla Cabra ($8,000,000)
- Location: Portobelo, Colón Province, Caribbean Panama
- Size: ~5.1 acres, 2.08 hectares
- Description: 1km from Puerto Lindo, 12km NE of Portobelo
- Ownership: Title unconfirmed
- Development: Developed
- Map: See on Google Earth
Isla Cabra lies a kilometre off Puerto Lindo on Panama’s Caribbean coast, in the bay system behind Portobelo, a Spanish colonial port whose fortifications are a UNESCO World Heritage Site and which remains a sheltered anchorage for yachts crossing between the Caribbean and the canal.
Two hectares come with existing structures and infrastructure already on the island, sold as part of a wider holding that includes mainland property.
The position is its argument. This is the closest stretch of Caribbean coast to Panama City, under two hours by road, and one of the few places in the country where an island sits within sight of a working town, a marina and a road head rather than an hour offshore.
Portobelo’s national park covers much of the surrounding coast, which has kept development here unusually restrained.
6. San Pedro Island ($5,000,000)
- Location: Chiriqui, Rio Chiriqui Nuevo
- Size: ~4,655 acres, ~1,884 hectares
- Description: 30m from shore, 5km SW of David, 11km SW of E.M. Airport
- Ownership: Information upon request
- Development: Non Developed
- Map: See on Google Earth
San Pedro Island is a tropical paradise waiting to be discovered. This stunningly beautiful island boasts endless beaches, a gentle surf, and a pleasant climate, surrounded by lush vegetation and the sound of the palms waving in the breeze. The island is home to a variety of wildlife, including monkeys, sea turtles, and a myriad of bird species.
This flat island features its own tropical forest, with many species of indigenous plants and trees such as banana plants. Freshwater streams and drilled wells provide ample water supply. The island is located in the Gulf of Chiriquí, one of the world’s premier fishing locations for species like Black Marlin, Blue Marlin, Swordfish, Cubera Snapper, Yellowfin Tuna, and Wahoo.
Spanning over 4,655 acres, the island is mostly a mixture of rich black dirt and sand, which allows for excellent drainage and the perfect environment for plant growth. San Pedro Island is currently only accessible by boat, making it an exclusive and private oasis.
7. San Jose Islands ($4,500,000)
- Location: Chiriquí Province, Boca Chica
- Size: ~50 acres, ~20 hectares
- Description: 6km from shore, ~32km southeast of David
- Ownership: Information upon request
- Development: Non Developed
- Map: 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.
11. Isla Malaga ($3,500,000)
- Location: Archipiélago de las Perlas, Panamá Province
- Size: ~35.5 acres, 14.38 hectares
- Description: 15km S of Contadora, 75km SE of Panama City
- Ownership: Title unconfirmed
- Development: Undeveloped
- Map: See on Google Earth
Contadora is the Pearl Islands’ resort island, with an airstrip, hotels and a forty-minute flight from Panama City. Isla Malaga lies fifteen kilometres S of it, close enough to use that infrastructure and far enough to be entirely alone.
Fourteen and a half hectares of lush tropical vegetation remain undeveloped, marketed as one of the last untouched islands in an archipelago that has otherwise been picked over for decades.
The Pearl Islands sit in the Gulf of Panama within reach of the capital and are the country’s most established private-island market, the place where genuinely titled whole islands do exist, unlike most of Panama’s coast.
Offered at three and a half million dollars through international brokerage.
8. Cayo Wilson ($1,200,000)
- Location: Bocas del Toro archipelago, Caribbean Panama
- Size: ~42 acres, 17 hectares
- Description: 19km SE of Bocas Town, 35 minutes by boat
- Ownership: Rights of Possession
- Development: Undeveloped
- Map: See on Google Earth
Seventeen hectares is a substantial holding by Bocas del Toro standards, where most islands on the market are measured in square metres rather than acres.
Cayo Wilson is raw land, a mix of white sand and mangrove shoreline with extensive water frontage, and no structures anywhere on it. The agent pitches it for phased development, which suits the size, with enough ground to build in stages rather than commit to a single scheme.
Bocas is Panama’s Caribbean tourism centre, with an airport on Isla Colón taking daily flights from Panama City and a well-established visitor economy built on reef diving, surfing and island-hopping. Bocas Town is thirty-five minutes away by boat.
Tenure is Rights of Possession, stated openly by the selling broker. That is the norm for whole islands in this archipelago, where registered title is essentially confined to lots on the larger inhabited islands.
9. Quiros Island ($999,000)
- Location: San Miguel, Pearl Islands
- Size: ~3.5 acres, ~1.4 hectares
- Description: 1km from Isla Del Rey Island, 14km east of Fernando Eleta Airport
- Ownership: Information upon request
- Development: Non Developed
- Map: See on Google Earth
Located in the stunning Pearl Islands archipelago of Panama, Quiros Island spans approximately 3.5 acres and boasts productive soil atop dark volcanic rock, resulting in lush vegetation including coconut palms, native trees, and fruit trees like mango and avocado.
Enjoy the rocky shores and sandy beaches at low tide, and take advantage of the great anchorage in the lee of the island and the expansive sand bar that spans over 120 meters. Quiros Island is a non-developed property, offering you the opportunity to create your own dream island getaway. Located just 1km from Isla Del Rey Island and only 14km east of Fernando Eleta Airport, this secluded oasis is the ultimate escape.
Ownership information is available upon request.
10. Isla Mona ($800,000)
- Location: Gulf of Chiriquí, Chiriquí Province
- Size: ~21 acres, 8.5 hectares
- Description: 200m from shore, 7km from Boca Chica, 38km SE of David
- Ownership: Rights of Possession
- Development: Undeveloped
- Map: See on Google Earth
Two hundred metres of water separate Isla Mona from the Bejuco Peninsula, close enough to run services and supplies from the mainland, yet far enough to be genuinely private.
Eight and a half hectares, entirely undeveloped, with dramatic rock formations along the shoreline and ground rising to twenty-five metres. It has a freshwater spring, which is rare on an island this size and removes the single biggest constraint on building here.
The Gulf of Chiriquí is Panama’s Pacific cruising ground, with sportfishing out of Boca Chica seven kilometres away and Coiba National Park to the S. David, the provincial capital and the country’s third city, is under forty kilometres away by road and boat.
The island is sold with Rights of Possession rather than registered title, the common form of tenure on Panama’s Pacific islands, and stated plainly by the agent.
11. Cativo Islands ($450,000)
- Location: Veraguas Province, Pacific Panama
- Size: ~22 acres, 8.98
- Description: 29km W of Pixvae, 71km SW of Santiago
- Ownership: Title unconfirmed
- Development: Undeveloped
- Map: See on Google Earth
Under half a million dollars for three islands is the cheapest per-hectare island buying in Panama, and the Cativo group is offered as a single lot, with nine hectares spread across three separate landfalls.
They sit off the Veraguas coast near Pixvae, in the stretch of Pacific water that runs down toward Coiba, a UNESCO World Heritage marine park and one of the richest fishing and diving grounds in the eastern Pacific. This is the least developed coastline in mainland Panama.
All three are undeveloped and off-grid, which is the trade for the price and the setting. Access is by boat from the Veraguas shore rather than from any resort hub.
For a buyer who wants a genuine frontier position and multiple islands rather than one, there is nothing else comparable at this level.
12. Shark Hole Private Island ($370,000)
- Location: Bocas del Toro archipelago, Caribbean Panama
- Size: 17 hectares
- Description: 18km S of Bocas Town
- Ownership: Rights of Possession
- Development: Undeveloped
- Map: See on Google Earth
Shark Hole is a known spot in Bocas del Toro, a deep blue hole in the shallow mangrove channels S of Isla Bastimentos and a fixture on the boat-tour circuit out of Bocas Town.
The island offered here takes its name from that setting: undeveloped land in the quiet inner waters of the archipelago, pitched by the agent for a resort, a luxury villa or a family compound.
It sits eighteen kilometres S of Bocas Town, in the same sheltered belt of mangrove bays as Loma Partida and Tierra Oscura, where the water stays flat year-round and travel is entirely by boat.
Tenure is Rights of Possession, stated by the broker in both English and Spanish. The stated area should be confirmed with the agent before any offer.
13. Loma Partida Island Retreat ($325,000)
- Location: Bocas del Toro archipelago, Caribbean Panama
- Size: ~2 acres, 0.8 hectares
- Description: 23km S of Bocas Town
- Ownership: Rights of Possession
- Development: Developed
- Map: See on Google Earth
This one is finished and ready to move into. A new stilt home in treated pine sits on eight hundred square metres of building footprint, with solar power, rainwater catchment and its own dock, creating a complete off-grid setup on a two-acre island.
A Princecraft boat is included in the sale, which in Bocas is not a luxury but the equivalent of a driveway.
The possessory rights here are the best documented of any Bocas island we have seen. They have been held and recorded for more than twenty-five years and are fully transferable. In an archipelago where whole-island title effectively does not exist, a quarter-century paper trail is the strongest position available.
Loma Partida lies in the calm southern bays of the archipelago, twenty-three kilometres from Bocas Town and its airport.
14. Private Tiny Island, Tierra Oscura ($49,900)
- Location: Bocas del Toro archipelago, Caribbean Panama
- Size: ~0.08 acres, 318 m²
- Description: 16km S of Bocas Town, 30 minutes by boat
- Ownership: Rights of Possession
- Development: Undeveloped
- Map: See on Google Earth
Under fifty thousand dollars buys an entire island here, not a lot on one, not a share in one, but the whole thing.
It is small, with three hundred and eighteen square metres of solid ground in Tierra Oscura Bay, ringed by mangrove and reached in half an hour by boat from Bocas Town. There is nothing on it. The obvious build is a stilt house over the water, which is how most of this bay is developed.
What makes it unusual on paper is that a concession application has already been filed over it, a step up the Panamanian tenure ladder from bare possessory rights, and a process someone has already started and paid for.
For anyone who has wanted to own an island rather than a piece of one, this is close to the lowest price of entry anywhere in the Caribbean.
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