Under construction
Vita
Coco del Mar, Panama City
from $452k
- Unit types
- 1
- Smallest unit
- 164 m²
- Bedrooms
- 3
- Status
- Under construction
- Area
- Coco del Mar
There is one apartment left at Vita, and it is the cheapest floor area we track anywhere in Panama City. Unit 14A is 164 m² with three bedrooms at $452,000, which works out at $2,756 per square metre. For comparison, the Costa del Este towers we price directly run $3,908 to $7,542, and even the closeout stock elsewhere in this developer's portfolio sits above $4,400. You are paying roughly two-thirds of what a Costa del Este square metre costs, in a quieter neighbourhood ten minutes closer to the financial district.
The reason is not a hidden defect, it is arithmetic. Vita has sold through, this is the last unit, and it is a large three-bedroom in a market where small investor-facing apartments move fastest. Large late stock is the most common source of genuine value in Panamanian towers, because the developer wants the building closed out and the natural buyer pool for a 164 m² apartment is smaller than for a 50 m² one.
What you give up is choice. There is no negotiating over floor, orientation or layout, because there is one apartment. Either 14A suits you or Vita does not, and that is the whole decision.
Vita prices and floor plans
| Unit | Beds | Baths | Size | From |
|---|---|---|---|---|
| Unit 14A — last available unit | 3 | — | 164 m² | $452k |
Where Vita actually is
Vita is in Coco del Mar, the established oceanfront pocket of the San Francisco corregimiento between the city centre and Costa del Este. Our Coco del Mar area page covers the neighbourhood: residential since the 1930s, quiet streets, embassies and older houses alongside a recent wave of mid-rise towers, and a short drive to the Calle 50 financial core.
Two things specific to the location. The ocean here is the Bay of Panama, which has a documented contamination problem and is not swimmable, so an oceanfront address in this neighbourhood is a view rather than a beach. And a car is effectively required, as across most of Panama City, despite the short distance to the financial district.
Who Vita suits — and who it doesn’t
Buyers who want maximum floor area per dollar in a Panama City address and are willing to take the apartment that is available rather than the one they would have specified. At $2,756 per square metre, a 164 m² three-bedroom here costs less than a 100 m² apartment in several Costa del Este towers.
Families and owner-occupiers rather than investors. This is a large three-bedroom in a residential neighbourhood without short-stay letting, so the case for it is living in it or letting it long-term to a family, not yield.
Buyers who want to see a finished or near-finished building rather than commit to a rendering, since a project selling its final unit is far further along than one launching, and buyers who move quickly, because single-unit availability does not last and there is no second chance at this plan.
It suits anyone wanting choice of floor or orientation poorly, and anyone wanting short-stay rental income poorly.
One unit, no choice, and no leverage from comparison. Unit 14A is the entire offer. You cannot pick a higher floor, a different aspect or another layout, and you cannot play two units in the building against each other. Ask specifically why this one is last: an unusual outlook, a lift or refuse-chute adjacency, or simply that it is the largest and dearest ticket in the building. Any of those is a fair answer and you should have it before you offer.
No short-stay letting. Coco del Mar is inside the distrito de Panamá, where article 21 of Ley 80 de 2012 (Gaceta Oficial 27159-A, 8 November 2012) prohibits rentals under 45 days without tourist accommodation authorisation from the Autoridad de Turismo de Panamá, with fines from $5,000 to $50,000. Vita is a residential building and nothing about it is sold on a licence. Long-term letting only. If nightly income is the objective, the licensed buildings in Costa del Este and on Calle Uruguay are built for it and we cover several.
The resale pool for a 164 m² three-bedroom is narrower than for a small unit. That is the same fact that makes it cheap now, and it will still be true when you sell. If you need liquidity rather than space, the smaller stock in the neighbourhood turns over faster even though it costs more per square metre.
Delivery status is unresolved in our sources. The unit appears on a live availability list and we have not confirmed whether the building is complete, near complete, or still finishing. That is a straightforward question with a checkable answer, and the answer changes what you are buying: a finished apartment, or a promesa de compraventa against one. Ask before you offer.
New supply in this neighbourhood is concentrated in one developer. The Velopers built Vita, both Dovle towers, Victory Wellness and Victory Sport in Coco del Mar. That means the delivery track record you are relying on is one company's, and buying "a different building in the same area" diversifies less than it looks like it does.
No maintenance figure is published for this building in the material we hold. On 164 m², even a modest per-square-metre rate becomes a real monthly number. Get the actual reglamento de copropiedad figure before you commit.
Before you buy at Vita
The offer. Unit 14A, 164 m², three bedrooms, $452,000, current to 8 August 2026. That is $2,756 per square metre, the lowest of any Panama City building we track. Vita is otherwise sold out.
Establish the building's status first, because it determines the entire shape of the transaction. If the building is complete, this is a straightforward purchase: ask for the finca number, the parcel's individual entry in the Registro Público, confirm the horizontal property regime is registered, and have an attorney check the unit is free of liens and that maintenance is paid up to date, since unpaid HOA arrears attach to the apartment rather than to the seller. If it is not yet complete, you are buying a promesa de compraventa, a purchase promise, and the deposit-forfeiture and delay clauses matter instead. Our buying process guide walks both, and titled land and Rights of Possession explains the underlying distinction.
Ask why 14A is the last one. On a sold-out building the final unit usually has a reason, and it is often benign: it is the biggest and most expensive, so the buyer pool was smallest. Sometimes it is an outlook, a noise adjacency or a layout quirk. Whatever it is, you want it named before you negotiate rather than discovered afterwards.
On negotiation. A developer closing out a building has a reason to deal, and you have the advantage of being the last transaction rather than the first. Against that, they know you have nowhere else in this building to go. Ask what the unit was listed at six months ago, and what the last three units in the building actually closed at rather than what they were asked.
Also get in writing: the maintenance fee for this unit; whether parking spaces and storage are included and how many; the developer's warranty position on a completed building; and the co-ownership rules, so you know what letting is permitted before you rely on rental income.
Where to start. Tell us your timeline and whether you are buying to live in or to let long-term, and we will find out where the building actually stands, what the last units in it closed at, and how 14A compares per square metre against the large apartments available elsewhere in the city right now. If a smaller unit in a different building serves you better, we will say so.
FAQ
What is left at Vita, and what does it cost?
One apartment. Unit 14A, 164 m², three bedrooms, at $452,000 as of 8 August 2026. The building is otherwise sold out.
That price works out at $2,756 per square metre, which is the lowest of any Panama City building we track. Costa del Este towers run $3,908 to $7,542 per m², and the other closeout stock in this developer's own portfolio sits above $4,400.
Why is Vita so cheap per square metre?
Because it is the last unit in a sold-out building, and it is a large one.
That combination is the most reliable source of genuine value in Panamanian towers. Small investor-facing apartments sell fastest, so what tends to be left at the end is the biggest and most expensive ticket, where the natural buyer pool is smallest. A developer wanting the building closed out and one buyer wanting 164 m² is a thin market on both sides, and the price reflects it.
It is not a discount on a defect, but you should still ask specifically why this unit is last. An unusual outlook, a lift or refuse-chute adjacency, or simply the size are all plausible answers, and you want the real one before you offer.
Can I rent a Vita apartment short-term?
No. Coco del Mar sits inside the distrito de Panamá, where article 21 of Ley 80 de 2012 (Gaceta Oficial 27159-A, 8 November 2012) prohibits rentals under 45 days without tourist accommodation authorisation from the Autoridad de Turismo de Panamá. Fines run from $5,000 to $50,000 and also reach whoever advertises the listing.
Vita is a residential building and nothing about it is sold on such a licence. Long-term letting is unrestricted. Realistically this is a home rather than a yield asset, and a 164 m² three-bedroom lets to a family on an ordinary lease. If you want nightly income, the licensed buildings in Costa del Este and on Calle Uruguay are built for it.
Is Vita finished?
We have not confirmed it. The unit appears on a live availability list dated 8 August 2026, and our sources do not establish whether the building is complete, nearly complete, or still finishing.
This is worth resolving before anything else, because it changes the transaction entirely. A finished building means a straightforward purchase with a finca number you can check at the Registro Público, title and liens verifiable, and maintenance arrears checkable. An unfinished one means a promesa de compraventa, a purchase promise, where the deposit and delay clauses are what matter. Ask the developer directly.
Who built Vita?
The Velopers, a Panama City developer whose portfolio also includes Dovle Selva and Dovle Cincuentenario in the same neighbourhood, Victory Wellness and Victory Sport (both now sold out), Cavarosa in Amador, Velure in El Cangrejo, Bioma in Costa del Este and the new Nayamara launch.
Their Dovle project in Coco del Mar reportedly sold 170 units in 19 hours, which says something real about demand for their product. We have not been able to independently verify their record for delivering on the originally quoted timeline.
One thing to weigh: most of the new stock in Coco del Mar comes from this single firm, so buying another building in the same neighbourhood does not spread developer risk the way it might appear to.
Is Vita titled property?
We have not verified it and have not pulled a finca number for the building.
Coco del Mar is long-established urban Panama City, where registered title under the horizontal property regime is the norm rather than the Rights of Possession tenure that creates risk in Bocas del Toro and parts of the Pacific coast. That is a reasoned expectation about the neighbourhood, not a registry check on this building.
If the building is complete, the finca exists and your attorney can check title, liens and maintenance arrears on unit 14A directly, so there is no reason to buy without it.