P.H. Waters on the Bay: Building Market Snapshot

What the Registry Holds on Waters on the Bay

P.H. Waters on the Bay is one of the most actively traded buildings in our Avenida Balboa dataset. Every figure below comes from transactions recorded in Panama’s Registro Público — actual registered sale values, not listing prices. All amounts are in Panamanian Balboas (B/.), which trade 1:1 with the US Dollar.

• 191 verified transactions recorded since 2011, 37 of them in the last three years
• Unit sizes range from approximately 109 m² to 308 m², with most recorded sales between 121 m² and 269 m²
• Most recorded sale prices fall between roughly B/.229,000 and B/.570,000, around a midpoint near B/.300,000

Two unit tiers, one tower

Waters on the Bay holds a broad size spread — most closings fall between roughly 120 and 270 m² — and the registry shows the two tiers pricing quite differently. The smaller bay-view units trade often and at a premium per square meter; the large layouts on the upper floors trade rarely and set the top of the building's range. It is a textbook case of why a building-wide average misleads, and it is the building we use to show new users exactly that: Waters on the Bay is one of the two sample buildings open in full in the free preview.

Why Waters on the Bay is a good first look at the data

Because every verified sale in the tower is visible in the free trial, a buyer can see the full comp history — dates, sizes, price per square meter by floor — before deciding whether the same depth is worth paying for on the building they are actually negotiating on. Few towers on the avenue combine this much height, this many views and this long a resale record.

Buying or Renting Here? Check the Real Numbers First

Listing prices on Panama’s property portals are asking prices — what a seller hopes to get, not what buyers actually pay. The gap between the two can be substantial, and in a building with a resale record as deep as Waters on the Bay’s, the registry tells you exactly where real deals have closed. Walking into a negotiation with verified comps for the specific tower, floor band and unit size is the single biggest advantage a buyer can have in Panama City.

What the Full Report Includes

• Every verified sale since 2011, with dates, unit sizes, and price per m²
• Floor-level premium analysis: which floors achieve the highest price/m² — and by how much
• Year-by-year price trend and closing velocity
• Mortgage data (lender, amount, rate), plus lien and foreclosure records
• Avenida Balboa comparison: how Waters on the Bay’s pricing stacks up against neighboring towers
• Full text of every registry filing, per folio, a downloadable PDF, and 12 months of dashboard access

Not Sure Yet? See the Dashboard Free

About P.H. Waters on the Bay

P.H. Waters on the Bay is a 69-story residential tower on Avenida Balboa, completed in 2011 to a design by Pinzón Lozano & Asociados. It stands between the YOO towers and the Hilton on the Cinta Costera, and at 232 metres is among the tallest buildings in Panama.

Figures on this page are high-level ranges derived from transactions recorded in Panama’s Registro Público and will change as new sales are registered. Sale prices reflect actual registered transaction values, not listing prices. Ranges exclude nominal transfers and outliers. For informational purposes only — does not constitute financial, legal, or investment advice.

— The Panacomps Team