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Icon Residences

Balboa Plaza, Nivel 3, Oficina 322

Avenida Balboa201933 floors5.0 · 8 reviews

Updated Nov 1, 2026View on the map

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Rentarea $1,900/moBuyarea $2,448/m²Sellwhat yours is worth

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2019
year built
33
floors
104
units
$1,900
rent/month, area
$2,448
per m², area
5.0
8 Google reviews
12 min
walk to Iglesia del Carmen
  • Infinity pool
  • 24/7 security
  • Event hall
  • Kids' play area
  • BBQ area
  • Concierge
  • Hot tub
  • Spa
  • Sauna
  • Business center
  • Squash court
  • Ocean view
  • Housekeeping
  • Valet parking
  • Double-height lobby

Building data and Google reviews; asking prices on listing portals for Avenida Balboa, as of Nov 1, 2026. Sources and method

About Icon Residences

A 33-story residential tower in Marbella — the Google Maps listing corresponds to the sales office, not the operational building.

Icon Residences is a 33-story, 104-unit residential tower delivered in 2019, located on the Marbella axis close to Avenida Balboa. The relatively low density per floor — an average of approximately three units per level — suggests a layout designed for larger-square-footage apartments, a common attribute in the corridor's premium tier. The walking distance to Multicentro, Avenida Balboa, and the surrounding five-star hotel offering defines the tower's urban profile. The Google Maps record lists the address as Balboa Plaza, Nivel 3, Oficina 322, which corresponds to a commercial sales office and not to the residential building.

The documented amenities package includes BBQ, sauna, jacuzzi, 24/7 security, event hall, ocean view, children's play area, concierge, spa, business center, valet parking, squash court, infinity pool, double-height lobby, and housekeeping service. The 8 verified reviews refer predominantly to the sales staff's attention and not to the residential experience inside the building. Real operational reviews of the building require direct consultation with owners or management.

Availability at Icon Residences

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 Avenida Balboa zone:

$325K
Median sale (zone)
848 comparables
$2,448/m²
Median $/m² (zone)
typical range $2,136/m²–$3,161/m²
$1,900/mo
Median rent (zone)
615 comparables
848
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

160 places within a 10-minute walk. The nearest metro station, Iglesia del Carmen, is 12 minutes away on foot.

Icon Residences ranks 1st of 23 buildings in Avenida Balboa for shopping access: Creaciones Oryus is a 1-minute walk, against a zone median of 4 minutes. Icon Residences ranks 1st of 23 buildings in Avenida Balboa for gym access: Volé Studio is a 1-minute walk, against a zone median of 2 minutes. Among the 23 buildings in Avenida Balboa, Icon Residences ranks 3rd for park access: Parque Lola de La Guardia is a 2-minute walk, while the zone median is 2 minutes. For school, Escuela Japonesa de Panamá is a 3-minute walk from Icon Residences, with 4 within 500 meters. Estación Iglesia del Carmen is the nearest Metro station to Icon Residences: a 12-minute walk, against a Avenida Balboa median of 4.5 minutes.

  • Nearby gymsVolé Studio1 min walk
  • EducationEscuela Japonesa de Panamá3 min walk
  • HealthcareInstituto De Ginecología Panama1 min walk
  • ShoppingCreaciones Oryus1 min walk
  • ParksParque Lola de La Guardia2 min walk
  • RestaurantsMoi Café1 min walk
  • TransitEstación Iglesia del Carmen12 min walk
  • Specialty cafesPinkberry Panama1 min walk
  • CoworkingNodo Coworking3 min walk
See the 3 closest places in each category

Nearby gyms

  • Volé Studio4.9 (29)1 min49m
  • Uplift PTY5.0 (8)1 min51m
  • Ment’ Panama5.0 (14)2 min153m

Education

  • Escuela Japonesa de Panamá3 min196m
  • Tic Tac Toe Kids5.0 (1)4 min243m
  • Personitas del Mañana6 min429m

Healthcare

  • Instituto De Ginecología Panama3.1 (14)1 min79m
  • CENDIGASTRO | Endoscopia |Colonoscopia|GASTROENTEROLOGOS|NEUROGASTRO|COLOPROCTOLOGOS| PANAMA4.8 (70)4 min292m
  • Rejuvenece Tu Corazon Panamá5.0 (1)4 min320m

Shopping

  • Creaciones Oryus4.8 (6)1 min25m
  • Balboa Boutiques Panama Strip Mall4.4 (2378)1 min38m
  • La Bravería1 min41m

Parks

  • Parque Lola de La Guardia5.0 (5)2 min84m
  • Entrenamientos P424.0 (1)2 min133m
  • Navilandia - Panamá4.0 (5)3 min198m

Restaurants

  • Moi Café5.0 (3)1 min7m
  • Espinosa Carnes Panamà4.8 (37)1 min8m
  • Restaurante Almería | Avenida Balboa4.5 (62)1 min29m

Transit

Specialty cafes

  • Pinkberry Panama4.5 (269)1 min36m
  • Cykel Panamá5.0 (4)1 min37m
  • La Vasquita – Tartas Vascas, Specialty Coffee & Brunch | Marbella4.9 (1546)1 min41m

Coworking

  • Nodo Coworking5.0 (3)3 min162m
  • Regus - Banistmo Tower4.1 (18)4 min241m
  • Tosto Coffee Cl. Uruguay4.4 (399)7 min542m

Driving times

  • Cinta Costera3 min722m
  • Centro Médico Paitilla7 min1.5 km
  • Multiplaza Pacific Mall8 min1.8 km
  • Soho Mall8 min1.9 km

Living at Icon Residences

Resident profile

Is Icon Residences right for you?

Recommended for

  • Buyers who value a premium tower with low density per floor and an extended amenities package in Marbella.
  • Residents who prioritize a walkable location to Av Balboa and the surrounding five-star hotel circuit.
  • Investors evaluating units with ocean views and willing to contact the building directly to validate operational reviews.

Keep in mind if

  • Buyers who expect the Google Maps listing to reflect the building experience — it points to the sales office and not to the tower.
  • Decisions that depend on abundant residential reviews — the public operational information about the building itself is scarce.

Review summary

What residents and visitors highlight

Analysis of 8 verified Google Maps reviews.

Reviews mapped to the sales office

Mencionado positivamente

The Google listing points to the commercial office in Balboa Plaza, not to the residential building. The 8 reviews evaluate sales attention — not the residential experience inside the tower.

Documented amenities package

Mencionado positivamente

Inventory includes infinity pool, spa, sauna, jacuzzi, valet parking, double-height lobby, and housekeeping service — a premium package on the Marbella axis.

Building scale

Mencionado positivamente

33 floors and 104 units — low density per floor that suggests larger-square-footage apartments. An attribute to validate with the unit floor plan.

Google Reviews

5.0(8)

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

Icon Residences es una torre residencial premium de 33 pisos y 104 unidades entregada en 2019, ubicada en Marbella próximo a Avenida Balboa. La densidad de aproximadamente tres unidades por piso sugiere distribución pensada para apartamentos de mayor metraje, atributo característico del tier premium del corredor.

El rango de precio documentado va desde $180,000 hasta $650,000. Para una unidad adquirida entre $400,000 y $650,000, el rendimiento bruto estimado puede oscilar entre 0.5% y 0.8% mensual, equivalente aproximadamente a 6% a 9.5% anual antes de mantenimiento, vacancia y administración. Frente a bonos panameños de 3% a 4% anual, la prima de riesgo en Marbella sigue siendo competitiva por la consistencia de demanda corporativa y residencial premium.

La calificación de 5 sobre 5 en Google Maps con 8 reseñas debe leerse con cautela: la ficha corresponde a la oficina de ventas, no necesariamente al edificio operativo, factor que limita la representatividad de la calificación para evaluar la experiencia residencial. La entrega 2019 implica edificio relativamente nuevo, con sistemas y acabados aún dentro de ciclo inicial — ventaja frente a torres más antiguas del mismo corredor.

El paquete robusto de amenidades documentadas (BBQ, sauna, jacuzzi, seguridad 24/7, salón de eventos, vista al mar, juegos para niños, concierge, spa, business center, valet parking, cancha de squash) refuerza la propuesta de valor para alquiler ejecutivo premium.

Ideal resident profile

Read the full analysis (in Spanish)

Perfil ideal

Icon Residences se adapta a ejecutivos senior, familias profesionales con hijos pequeños y residentes extranjeros que demandan paquete completo de amenidades, seguridad 24/7 y servicios premium tipo concierge y valet parking. El perfil tipo incluye gerentes regionales de multinacionales, abogados y banqueros con oficinas sobre Avenida Balboa o Punta Pacífica, y compradores que priorizan caminabilidad hacia Multicentro, hoteles cinco estrellas y oferta gastronómica del corredor.

Las amenidades de spa, sauna, jacuzzi y cancha de squash apuntan a un perfil que valora bienestar e instalaciones deportivas dentro del propio edificio, sin necesidad de membresía externa. Los juegos para niños y el salón de eventos suman atractivo familiar, mientras que el business center refuerza la propuesta para profesionales con jornadas híbridas.

No calza bien con compradores que buscan tickets de entrada por debajo de $200,000, perfiles que prefieren edificios de baja densidad social, ni con quienes priorizan tranquilidad de suburbio. Tampoco resulta óptimo para quienes esperan experiencia de torre baja o boutique — la escala de 33 pisos implica vida residencial vertical con dinámica de torre alta.

Compared with similar buildings

Read the full analysis (in Spanish)

Comparación dentro de la zona

Dentro de Marbella, Icon Residences se posiciona en el tier premium del corredor. La combinación de entrega 2019, baja densidad por piso (104 unidades en 33 pisos), paquete robusto de amenidades y proximidad a Avenida Balboa lo ubica entre las torres residenciales más completas de la zona.

Frente a torres más antiguas de Marbella, la ventaja competitiva es claridad: sistemas e instalaciones dentro de ciclo inicial de vida útil, acabados contemporáneos y amenidades de generación reciente como concierge y valet parking. La contrapartida es ticket de entrada más alto frente a opciones del mismo corredor con entregas anteriores a 2015.

Frente a torres comparables en Punta Pacífica o Costa del Este — corredores también premium — Marbella ofrece ventaja de caminabilidad hacia oferta gastronómica y hotelera consolidada, además de cercanía con el corazón financiero. El rango hasta $650,000 lo posiciona dentro del segmento premium accesible, por debajo del tier de penthouses ultra-premium del corredor que pueden superar el millón de dólares.

Risks to consider

Read the full analysis (in Spanish)

Riesgos a considerar

El riesgo de iliquidez aplica al activo inmobiliario premium en Panamá: el tiempo promedio para concretar una venta en Marbella puede oscilar entre cuatro y doce meses dependiendo de precio, condición y ciclo de mercado. El capital invertido no es de disposición inmediata.

La calificación de Google Maps refleja la oficina de ventas y no necesariamente la operación residencial del edificio, lo que limita la utilidad del rating como indicador de satisfacción de residentes actuales. La diligencia debe incluir conversación directa con residentes durante la visita y revisión de actas de junta directiva.

El paquete robusto de amenidades implica cuotas de mantenimiento más altas que edificios estándar — factor relevante para el cálculo de rendimiento neto en escenario de inversión y para el presupuesto mensual del residente. El paquete debe usarse con regularidad para justificar el costo recurrente.

Finalmente, la dinámica de oferta nueva en Marbella y Avenida Balboa, sumada a fluctuaciones macroeconómicas y demanda corporativa, afecta velocidad de salida y rendimiento esperado. La concentración del corredor en perfil corporativo expatriado introduce sensibilidad a ciclos de empleo de multinacionales presentes en la zona.

What is the return on investing here?

Monthly cash flow, 5-year ROI, break-even and payback, in 2 minutes.

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What yours is worth (PanamaEstimate)

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Powered by PanamaProp · 531 verified buildings

Estimates, ROI and projections are for reference only and are based on aggregated market data. Independent market analysis; not personalized financial advice.

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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Frequently asked questions

Where is Icon Residences located?

Icon Residences is in Avenida Balboa, Panama City. The map at the top of this page shows its location.

Are there apartments for sale at Icon Residences?

Ask the PanamaProp team about units for sale: we review the units at Icon Residences based on your bedrooms and budget.

Are rentals available at Icon Residences?

Ask the PanamaProp team about rentals: we check what is coming up at Icon Residences based on your bedrooms, budget and move-in date.

When was the building constructed?

Icon Residences was built in 2019. This usually affects HOA fees and renovation needs.

How many floors does Icon Residences have?

Icon Residences has 33 floors. Height affects views, wind exposure and elevator wait times.

How many units does Icon Residences have?

Icon Residences has 104 total units. Density impacts privacy, noise, and social dynamics in the building.

How do I ask about availability at Icon Residences?

Use the "Ask our team about availability" button: it opens Alma with Icon Residences 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 Icon Residences?

The Iglesia del Carmen Metro station is a 12-minute walk from Icon Residences.

Which schools are near Icon Residences?

Within walking distance of Icon Residences: Escuela Japonesa de Panamá (3 min).

New to Panama? Get the complete guide

Property types, the 9 premium areas, financing, Law 81, taxes and legal due diligence, in a free guide.

Sources and method

Building data; reviews and places from Google Maps; asking prices on listing portals; map © OpenFreeMap and © OpenStreetMap. Updated .

Data methodology (in Spanish)

Verified with Google and public sourcesPublished, auditable methodology
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