Views of the Bahía
Mencionado positivamenteReviews highlight a terrace with incredible views of the Bahía de Panamá, the ocean, the Casco Viejo, and the city limit. Views are an identity attribute.
PH H2O On The Ocean
Also known as H2O On The Ocean · Ph H2O, Av. Vasco Nuñez de Balboa
Avenida Balboa200820 floors4.5 · 26 reviews
Updated Nov 1, 2026View on the map
What are you looking for at PH H2O On The Ocean?
Rentarea $1,900/moBuyarea $2,448/m²Sellwhat yours is worthFree. Opens Alma with this building already selected.
- 2008
- year built
- 20
- floors
- 69
- units
- $1,900
- rent/month, area
- $2,448
- per m², area
- 4.5
- 26 Google reviews
- 4 min
- walk to Lotería
- Pool
- Gym
- Event hall
- Kids' play area
- BBQ area
- Ocean view
- Visitor parking
- Lobby
- Backup generator
- Water tank
- Elevators
Building data and Google reviews; asking prices on listing portals for Avenida Balboa, as of Nov 1, 2026. Sources and method
About PH H2O On The Ocean
A 20-story building on Avenida Balboa facing the Cinta Costera with views toward the Bahía and the Casco Antiguo.
PH H2O On The Ocean is a residential building built in 2008 with 20 floors and 69 units, located on Avenida Vasco Núñez de Balboa facing the Cinta Costera. Developed by Betesh & Virzi, it integrates condominium apartments with commercial spaces on the ground floor. Its documented amenities program includes pool, gym, children's play area, event hall, BBQ area, lobby, water cistern, backup power plant, and visitor parking.
It holds a 4.5 out of 5 rating on Google Maps after 26 verified reviews. Recurring mentions highlight spectacular views of the Bahía de Panamá, the ocean, the Casco Viejo, and the Panama City limit; a location close to shopping centers, banks, restaurants, and hospitals. A review describes the building as quiet with friendly and helpful administration — a stable residential consolidated profile. Buyers should request from management the maintenance fund and bylaws before closing.
Availability at PH H2O On The Ocean
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
112 places within a 10-minute walk. The nearest metro station, Lotería, is 4 minutes away on foot.
Among the 23 buildings in Avenida Balboa, PH H2O On The Ocean ranks 3rd for park access: Parque 1 para hospital del niño is a 2-minute walk, while the zone median is 2 minutes. PH H2O On The Ocean has 1 stations within 500 meters; the closest, Estación Lotería, is a 4-minute walk. For school, Escuela Panamá - Panama School is a 3-minute walk from PH H2O On The Ocean, with 7 within 500 meters. The nearest gym to PH H2O On The Ocean, Gimnasio Beto Remon, is a 5-minute walk, above the Avenida Balboa median of 2 minutes. The nearest mall to PH H2O On The Ocean, El dorado, is a 7-minute walk, above the Avenida Balboa median of 4 minutes.
- Nearby gymsGimnasio Beto Remon5 min walk
- EducationEscuela Panamá - Panama School3 min walk
- HealthcareArtromedic Panama2 min walk
- ShoppingMini market Emy1 min walk
- ParksParque 1 para hospital del niño2 min walk
- RestaurantsIRAMA BEACH CLUB2 min walk
- TransitEstación Lotería4 min walk
- Specialty cafesNando Barber Luxury1 min walk
- CoworkingBusiness Point11 min walk
See the 3 closest places in each category
Nearby gyms
- Gimnasio Beto Remon4.2 (127)5 min341m
- Centro de Entrenamiento Atheyna Bylon4.0 (24)5 min395m
- Energía Gym3.8 (5)5 min397m
Education
- Escuela Panamá - Panama School3 min212m
- UNIEDPA4.7 (7)3 min228m
- Colegio Universal Panamá4 min270m
Healthcare
- Artromedic Panama2 min133m
- Hospital Santo Tomás | Maternidad2.3 (4)5 min349m
- Hospital del Niño Doctor José Renán Esquivel4.1 (91)5 min380m
Shopping
- Mini market Emy4.6 (7)1 min54m
- One & two4 min288m
- El dorado4.0 (5)7 min482m
Parks
- Parque 1 para hospital del niño5.0 (2)2 min91m
- Parque de La Cinta Costera4.8 (18)2 min154m
- Gazebo Numero 24.7 (15)3 min204m
Restaurants
- IRAMA BEACH CLUB4.8 (220)2 min104m
- Fonda 32 La Casa del Sabor5.0 (5)3 min176m
- Delicias Ocueñas 14.6 (9)3 min182m
Transit
- Estación Lotería4.5 (85)4 min246m
Specialty cafes
- Nando Barber Luxury4.5 (33)1 min30m
- Happy Camper Coffe Shop5.0 (19)2 min96m
- Bypass Café4.6 (8)10 min758m
Coworking
- Business Point4.4 (113)11 min869m
- La Manzana4.6 (374)20 min1.5 km
- The Cube Coworking5.0 (191)21 min1.6 km
Living at PH H2O On The Ocean
Resident profile
Is PH H2O On The Ocean right for you?
Recommended for
- Buyers who value premium views toward the Bahía de Panamá and the Casco Antiguo.
- Profiles who prioritize walkability to the Cinta Costera and shops on Avenida Balboa.
- Investors who require a central location with a verifiable history.
Keep in mind if
- Buyers who prioritize more recent towers (post-2020) with contemporary finishes.
- Families who require extensive resort amenities (cinema, spa, valet) — the program is basic residential.
Review summary
What residents and visitors highlight
Analysis of 26 verified Google Maps reviews.
Central location
Mencionado positivamenteLocated in one of the best zones of the city, close to shopping centers, banks, restaurants, and hospitals. Facing the Cinta Costera.
Valued administration
Mencionado positivamenteReviews describe a friendly and helpful administration. A building with a quiet, stable residential profile.
Google Reviews
4.5(26)
Encuentra tu inmueble
Linda vista de la Bahia, Cómodos apartamentos.
Andres montoya
Si quieres un apartamrnto aqui sera 95955388 frente al mar, con vistas a la cinta costera y Casco Antiguo. Localizado en una de las mejores zonas de la ciudad, próximo a centros comerciales, bancos, restaurantes y hospitales. condominio cuenta con una amplia terraza con increíbles vistas de la Bahía de Panamá, el océano, Casco Viejo y el límite de la Ciudad de Panamá
Go Panama Realty
Es un lugar para vivir con mucha tranquilidad, hay apartamentos para alquiler amoblado de 2 o 3 recámaras 🚽 🚿 baños y también para la venta La administracion son muy amables y son muy serviciales.
Rolando Arturo Marquez Ramos
Edificio de Apartamentos en Condominio y Locales Comerciales en Planta Baja. Ubicado en la Avenida Balboa frente a la Cinta Costera. Proyecto Promovido por la empresa Betesh & Virzi.
PanamaProp analysis
Investment thesis
Read the full analysis (in Spanish)
Análisis de inversión
PH H2O On The Ocean opera dentro de un rango de precios documentado entre USD 120,000 y USD 350,000 sobre Avenida Vasco Núñez de Balboa, frente a la Cinta Costera. Aplicando un rendimiento bruto típico del corredor costero entre 0.5% y 0.8% mensual, una unidad cercana al piso del rango podría generar entre USD 600 y USD 960 mensuales en alquiler bruto, mientras que una unidad cercana al techo se ubicaría entre USD 1,750 y USD 2,800 mensuales antes de gastos. Estos retornos compiten con los bonos panameños que actualmente rinden entre 3% y 4% anual.
La calificación de 4.5 sobre 5 en 26 reseñas verificadas es una señal positiva con muestra moderada. Las vistas espectaculares de la Bahía de Panamá y la cercanía a la Cinta Costera y al Casco Antiguo son atributos que sostienen demanda de alquiler ejecutivo y de corto plazo. El año de construcción 2008 implica que el activo ya superó la curva de defectos iniciales de obra, aunque exige verificación de inversiones recientes en fachada, ascensores y sistemas de bombeo. La promoción por Betesh & Virzi añade trazabilidad de desarrollador conocido.
Ideal resident profile
Read the full analysis (in Spanish)
Perfil de residente
La ubicación sobre Avenida Balboa frente a la Cinta Costera, con vistas a la Bahía y al Casco Antiguo, atrae perfiles de ejecutivos, parejas sin hijos pequeños y compradores extranjeros que valoran ubicación icónica dentro del corredor turístico-residencial de la capital. El programa de amenidades documentado — piscina, gimnasio, juegos para niños, salón de eventos, BBQ, lobby, cisterna, planta eléctrica y parqueadero de visitantes — cubre las necesidades estándar de residentes urbanos. La presencia de locales comerciales en planta baja facilita acceso a servicios sin salir del edificio.
No calza con familias numerosas que requieren amplitud de recámaras de servicio o casas con jardín, ni con perfiles sensibles al ruido vehicular ya que la Avenida Balboa concentra tráfico constante. Tampoco se adapta a compradores que priorizan zonas residenciales tranquilas alejadas del eje turístico. Quienes valoran caminabilidad hacia el Casco Antiguo, vista de mar y vida urbana intensa encontrarán calce natural en este edificio.
Compared with similar buildings
Read the full analysis (in Spanish)
Posicionamiento relativo
Dentro del corredor Avenida Balboa, eje que conecta Bella Vista con Calidonia y el Casco Antiguo, PH H2O On The Ocean se ubica en un tier medio-alto consolidado por su frente costero directo y su vista a la Cinta Costera. Su rango entre USD 120,000 y USD 350,000 está alineado con el promedio del corredor para edificios construidos entre 2005 y 2015.
Frente a torres icónicas de Punta Pacífica, este edificio cede en escala y prestigio de zona, pero compite favorablemente en términos de ubicación turístico-residencial, vista directa a Bahía de Panamá y proximidad caminable al Casco Antiguo, atributo escaso en otros corredores premium. La calificación de 4.5 sobre 26 reseñas se mantiene en línea con el promedio del corredor Avenida Balboa, donde puntajes típicos oscilan entre 4.2 y 4.6 para muestras equivalentes.
Risks to consider
Read the full analysis (in Spanish)
Factores de riesgo
La iliquidez es el riesgo estructural permanente del activo inmobiliario panameño. Para unidades en este rango de precio, los tiempos de venta oscilan entre 4 y 12 meses dependiendo del estado de la unidad y de la condición del mercado al momento de listar. El comprador debe asumir esta ventana antes de comprometer capital.
El año de construcción 2008 implica que el edificio ya supera 17 años de operación, lo cual eleva la probabilidad de gastos extraordinarios en sistemas críticos como ascensores, bombas, planta eléctrica y fachada expuesta a salinidad. Antes de cerrar, se recomienda solicitar histórico de cuotas extraordinarias de los últimos 24 meses, estado de reservas de mantenimiento, certificación del Cuerpo de Bomberos y verificación de inversiones recientes en fachada. La exposición costera directa exige mantenimiento especializado por corrosión salina. Adicionalmente, la presencia de locales comerciales en planta baja implica gestión condominal con uso mixto, lo cual debe revisarse en el reglamento de propiedad horizontal.
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What yours is worth (PanamaEstimate)
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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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How it compares
Other recommended options
PH H2O On The Ocean combines views of the Bahía and a central location. Here is how it stands relative to alternatives on the Avenida Balboa axis.
Alternativa
Vista Balboa
Bella Vista building with 4.6 across 69 reviews. Alternative with a larger sample on the same axis.
View buildingAlternativa
Marina Tower
Bella Vista tower with 42 floors and 93 units (2012) with 4.3 across 111 reviews. Alternative with greater height and an extensive history.
View buildingAlternativa
PH Balboa Bay
Bella Vista building with 24 floors and 114 units (2007) with 4.7 across 21 reviews. Nearby alternative from the same period with a robust rating.
View buildingFrequently asked questions
Where is PH H2O On The Ocean located?
PH H2O On The Ocean is in Avenida Balboa, Panama City. The map at the top of this page shows its location.
Are there apartments for sale at PH H2O On The Ocean?
Yes. This page shows sale listings published on portals for PH H2O On The Ocean. Ask the PanamaProp team about availability before visiting.
Are rentals available at PH H2O On The Ocean?
Yes. The "Rent" tab shows listings published on portals, with monthly prices in USD. Ask the PanamaProp team about availability.
When was the building constructed?
PH H2O On The Ocean was built in 2008. This usually affects HOA fees and renovation needs.
How many floors does PH H2O On The Ocean have?
PH H2O On The Ocean has 20 floors. Height affects views, wind exposure and elevator wait times.
How many units does PH H2O On The Ocean have?
PH H2O On The Ocean has 69 total units. Density impacts privacy, noise, and social dynamics in the building.
How do I ask about availability at PH H2O On The Ocean?
Use the "Ask our team about availability" button: it opens Alma with PH H2O On The Ocean 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 PH H2O On The Ocean?
The Lotería Metro station is a 4-minute walk from PH H2O On The Ocean.
Which schools are near PH H2O On The Ocean?
Within walking distance of PH H2O On The Ocean: Escuela Panamá - Panama School (3 min) and Colegio Universal Panamá (4 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