Reviews dominated by retail
Comentarios mixtosThe available text sample refers to the retail level (premium brands, attention, and advice) — the reading of the specific residential segment requires references from management.
What are you looking for at Bellagio?
Rentarea $1,300/moBuyarea $2,025/m²Sellwhat yours is worthFree. Opens Alma with this building already selected.
- 2023
- year built
- 22
- floors
- 101
- units
- $1,300
- rent/month, area
- $2,025
- per m², area
- 4.8
- 48 Google reviews
- Infinity pool
- Gym
- 24/7 security
- Kids' play area
- BBQ area
- Concierge
- Sauna
- Business center
- Squash court
- Tennis court
- Valet parking
- Pet area
- Private cinema
Building data and Google reviews; asking prices on listing portals for El Cangrejo, as of Nov 1, 2026. Sources and method
About Bellagio
A new 22-story tower on Vía España with a mixed retail-residential profile in the busiest corridor.
Bellagio is a tower built in 2023 with 22 floors and 101 units, located on Vía España — one of the busiest commercial corridors in Panama City. Its documented amenities program includes infinity pool, sauna, jacuzzi, business center, private cinema, valet parking, concierge, BBQ area, event hall, tennis court, squash court, kids playroom, pet park, equipped gym, and 24/7 security.
It holds a 4.8 out of 5 rating on Google Maps across 48 verified reviews. The available text sample refers to retail-level premium shops (attention and advice on brands) — attributes consistent with a mixed building where the commercial lobby dominates the public reading. The facade on Vía España positions the tower with high visibility but also with intense vehicular traffic dynamics. Residential buyers should confirm with management the acoustic insulation and the specific dynamic of the residential segment.
Availability at Bellagio
Rent
Ask the PanamaProp team about rentals: we check what is coming up in the building based on your bedrooms, budget and move-in date.
Sale
Ask the PanamaProp team about units for sale: we review the building's units based on your bedrooms and budget.
Market data
Few comparables available for this building. As a reference, live data for the El Cangrejo zone:
$250K
Median sale (zone)
598 comparables
$2,025/m²
Median $/m² (zone)
typical range $1,600/m²–$2,605/m²
$1,300/mo
Median rent (zone)
300 comparables
598
Active in the zone
sale listings
Zone-level data aggregated from active public-portal listings, updated November 1, 2026. List prices, not closing prices.
Asking prices describe published listings. A zone reference covers a wider area and is not a closing price for this building. Compare sale and rental data separately, checking each sample and date.
What's nearby
94 places within a 10-minute walk.
For gym, Gimnasio Smart Fit - Plaza El Cangrejo is a 2-minute walk from Bellagio, with 2 within 500 meters. Bellagio has 5 parks within 500 meters; the closest, Parque Los Padres de Las Ciencias, is a 3-minute walk. Colegio de Artes y Oficios Melchor Lasso de la Vega is the nearest school to Bellagio: a 4-minute walk, against a El Cangrejo median of 2 minutes. Policlínica Especializada de la Caja de Seguro Social is the nearest clinic to Bellagio: a 9-minute walk, against a El Cangrejo median of 5 minutes. Cia Azucarera la Estrella is the nearest mall to Bellagio: a 5-minute walk, against a El Cangrejo median of 2 minutes.
- Nearby gymsGimnasio Smart Fit - Plaza El Cangrejo2 min walk
- EducationOficina de Transferencia de los Resultados de la Investigación (OTRI-UP)1 min walk
- HealthcarePoliclínica Especializada de la Caja de Seguro Social9 min walk
- ShoppingAMPM El Cangrejo4 min walk
- ParksParque Los Padres de Las Ciencias3 min walk
- RestaurantsONZE | El Cangrejo2 min walk
- Specialty cafesSiete Granos | El Cangrejo3 min walk
- CoworkingMetro Hub Cowork10 min walk
See the 3 closest places in each category
Nearby gyms
- Gimnasio Smart Fit - Plaza El Cangrejo4.7 (500)2 min158m
- Casa Sarita Martial Arts House4.6 (13)6 min466m
- Donde Los Ángeles / ELEVAlas5.0 (1)7 min549m
Education
- Oficina de Transferencia de los Resultados de la Investigación (OTRI-UP)1 min49m
- Laboratorio de Entomología Sistematica del Museo de Invertebrados G.B. Fairchild4.0 (1)1 min73m
- Escuela de Biología4.2 (27)2 min94m
Healthcare
- Policlínica Especializada de la Caja de Seguro Social3.3 (84)9 min648m
- Complejo Hospitalario Doctor Arnulfo Arias Madrid3.2 (111)9 min687m
- Hospitalia, S A3.5 (6)12 min911m
Shopping
- AMPM El Cangrejo4.0 (36)4 min296m
- Cia Azucarera la Estrella4.2 (14)5 min381m
- Plaza Downtown El Cangrejo4.7 (12)6 min452m
Parks
- Parque Los Padres de Las Ciencias4.0 (1)3 min202m
- Fuente del TUAL4.7 (3)4 min259m
- Plaza de Los Estudiantes3.0 (1)4 min288m
Restaurants
- ONZE | El Cangrejo4.7 (3)2 min159m
- Nacionsushi | El Cangrejo4.6 (1562)3 min170m
- Capital Cervecería4.5 (590)3 min179m
Specialty cafes
- Siete Granos | El Cangrejo4.5 (309)3 min207m
- Alicia cakes y alfajores5.0 (1)3 min240m
- Cabrera Coffee Brew House / Vía Argentina4.9 (910)4 min280m
Coworking
- Metro Hub Cowork4.7 (166)10 min780m
- Premiere Coworking5.0 (1)11 min852m
- P.H. Torre Delta5.0 (3)11 min852m
Driving times
- Soho Mall3 min768m
- Cinta Costera9 min1.8 km
Living at Bellagio
Resident profile
Is Bellagio right for you?
Recommended for
- Buyers who take advantage of the commercial visibility of Vía España and agile connectivity.
- Young professionals who value a new tower with documented premium amenities.
- Profiles who enjoy urban dynamics and proximity to varied shops.
Keep in mind if
- Families and residents sensitive to noise — Vía España has intense vehicular traffic.
- Buyers who require specific residential reviews — the public sample is retail.
Review summary
What residents and visitors highlight
Analysis of 48 verified Google Maps reviews.
New inventory
Mencionado positivamenteYear built 2023 — a tower within the most recent inventory of the corridor. Finishes and amenities aligned with the contemporary segment.
Visibility on Vía España
Comentarios mixtosPosition on one of the busiest commercial corridors. High visibility and connectivity — but intense vehicular traffic dynamics to weigh.
Google Reviews
4.8(48)
Rating agregado de Google verificado arriba. Para reseñas detalladas y específicas de este edificio, pregúntele a Alma 24/7.
PanamaProp analysis
Investment thesis
Read the full analysis (in Spanish)
Análisis de inversión
Bellagio presenta un rango entre USD 500,000 y USD 3,000,000, banda que posiciona al edificio dentro del tier premium de El Cangrejo y de su corredor sobre Vía España. Para una unidad de gama media en torno a USD 800,000, el alquiler de mercado proyectado se ubica entre USD 4,000 y USD 6,400 mensuales, equivalentes a un rendimiento bruto del orden de 0.5% a 0.8% mensual. Después de cuota de mantenimiento de torre premium, impuesto de inmueble y vacancia, el neto se estima entre 4% y 6% anual.
Frente a los bonos soberanos panameños que rinden 3% a 4% anual, la prima del activo se concentra en tres atributos: construcción 2023 (riesgo mínimo de mantenimiento mayor en la primera década), paquete de amenidades resort-style completo (piscina infinity, sauna, jacuzzi, cine privado, valet parking, concierge, cancha de tenis, squash, gimnasio equipado) y exposición sobre Vía España, uno de los corredores comerciales más concurridos.
La calificación de 4.8 sobre 5 con 48 reseñas verificadas indica reputación operativa consolidada en muy poco tiempo. La escala de 22 pisos y 101 unidades permite distribuir gastos comunes sobre base amplia, característica que sostiene márgenes operativos. Para inversionistas con horizonte mayor a cinco años, el edificio combina flujo razonable, apreciación de capital esperada en El Cangrejo y cobertura inflacionaria propia de activos reales premium.
Ideal resident profile
Read the full analysis (in Spanish)
Perfil del residente
La exposición sobre Vía España, sumada al paquete completo de amenidades resort-style, define el perfil ideal del residente. Bellagio calza para ejecutivos de multinacionales con base en el centro bancario, profesionales internacionales en asignaciones de mediano plazo, parejas profesionales con alto poder adquisitivo y compradores internacionales que utilizan la unidad como segunda residencia o pied-à-terre en Panamá.
El perfil mixed-use retail-residencial favorece a quienes valoran acceso peatonal inmediato a comercios premium, restaurantes y servicios urbanos sin necesidad de tomar auto para tareas cotidianas. Las amenidades de cancha de tenis y squash, sauna, jacuzzi y cine privado favorecen a residentes que aprovechan el edificio como ecosistema completo de vida.
No calza para familias con hijos pequeños que requieren entorno tranquilo, ya que Vía España mantiene tráfico vehicular y peatonal intenso. Tampoco para compradores con presupuesto ajustado, ya que el piso de USD 500,000 supera la capacidad de financiamiento típica de profesionales locales con un solo ingreso. Adultos mayores que priorizan silencio total deben evaluar la exposición al ruido de la avenida según la orientación de la unidad.
Compared with similar buildings
Read the full analysis (in Spanish)
Posicionamiento en El Cangrejo
El Cangrejo combina perfil residencial bohemio con corredores comerciales intensos, con Vía España como su frontera comercial principal. El edificio se posiciona dentro del tier premium del corregimiento, según se desprende del techo de precios observado, del año de construcción reciente y del paquete extenso de amenidades documentadas.
Frente al promedio del corregimiento, Bellagio compite con torres premium de construcción reciente, ubicándose en la franja alta tanto por amenidades como por exposición comercial. El perfil mixed-use lo distingue de torres estrictamente residenciales sobre calles internas del corregimiento, atrayendo un comprador distinto: quien valora la conveniencia retail al pie del edificio sobre la tranquilidad de calle residencial.
La calificación de 4.8 sobre 48 reseñas es muestra robusta para un edificio entregado en 2023 y valida la operación inicial. El rango amplio de precios sugiere mezcla de unidades, desde estudios hasta penthouses, característica común en torres de 22 pisos con 101 unidades. Recomendable comparar cuota de mantenimiento por metro cuadrado y estados financieros del PH con dos o tres torres premium equivalentes en Punta Pacífica o Costa del Este antes de cerrar.
Risks to consider
Read the full analysis (in Spanish)
Riesgos a considerar
La iliquidez es el riesgo de fondo en todo activo inmobiliario residencial en Panamá. Para tickets superiores a USD 500,000, el ciclo de venta se extiende habitualmente entre seis y dieciocho meses según condiciones macro y disponibilidad de financiamiento local e internacional.
El segundo riesgo específico es la exposición al ruido y la calidad de la fachada sobre Vía España. Unidades orientadas a la avenida pueden registrar niveles sonoros elevados, particularmente en horas pico y fines de semana. Se recomienda visitar la unidad en distintos momentos del día y verificar el tipo de doble vidrio en ventanería.
El tercer riesgo es la cuota de mantenimiento elevada que financia el paquete extenso de amenidades. Cancha de tenis, squash, sauna, cine privado, valet parking, concierge y gimnasio equipado generan costos operativos significativos que se distribuyen entre las 101 unidades. Para inversionistas, esto comprime el rendimiento neto si la unidad no se utiliza plenamente. Adicionalmente, edificios premium con perfil ejecutivo internacional son más sensibles a ciclos económicos globales y a movimientos del sector corporativo en Panamá.
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Your building report
Available listings, asking prices and dated market references. It is a reference, not an official appraisal.
For owners
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Compare before you decide
How it compares
Other recommended options
Bellagio competes in the segment of recent premium mixed-use towers. Here is how it positions itself against alternatives.
Alternativa
Pacific View
27-story tower from 2023 with 5 across 3 reviews. A contemporary alternative with new inventory.
View buildingAlternativa
Pacific Sky
39-story tower from 2019 with 5 across 4 reviews. A taller alternative with a dominant residential profile.
View buildingAlternativa
Grand Tower
41-story tower from 2016 with 4.7 across 10 reviews. An established alternative with more history.
View buildingFrequently asked questions
Where is Bellagio located?
Bellagio is in El Cangrejo, Panama City. The map at the top of this page shows its location.
Are there apartments for sale at Bellagio?
Ask the PanamaProp team about units for sale: we review the units at Bellagio based on your bedrooms and budget.
Are rentals available at Bellagio?
Ask the PanamaProp team about rentals: we check what is coming up at Bellagio based on your bedrooms, budget and move-in date.
When was the building constructed?
Bellagio was built in 2023. This usually affects HOA fees and renovation needs.
How many floors does Bellagio have?
Bellagio has 22 floors. Height affects views, wind exposure and elevator wait times.
How many units does Bellagio have?
Bellagio has 101 total units. Density impacts privacy, noise, and social dynamics in the building.
How do I ask about availability at Bellagio?
Use the "Ask our team about availability" button: it opens Alma with Bellagio already selected. You can also request an alert when a unit is listed or write to info@panamaprop.com.
How do you get to the Metro from Bellagio?
From Bellagio, public transport is by bus or car: the nearest Panama Metro station is beyond walking distance.
Which schools are near Bellagio?
Within walking distance of Bellagio: Colegio de Artes y Oficios Melchor Lasso de la Vega (4 min), The Lincoln Academy (6 min) and Centro de Atención Integral de la Primera Infancia CAIPI | Universidad de Panamá (6 min).
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Sources and method
Building data; reviews and places from Google Maps; asking prices on listing portals; map © OpenFreeMap and © OpenStreetMap. Updated .
Verified with Google and public sourcesPublished, auditable methodology