Gibraleon Island, San Miguel

Gibraleon Island, San Miguel

Balboa District, Isla del Rey, Panama · 227.0 acres · Freehold

$13,000,000 USDListed 1 days ago
Acreage
227.0
Price/acre
$57,269 USD
Ownership
Freehold
Development
Non Developed

About This Island

One of the northernmost Pearl Islands, Gibraleon Island is a plot of cultural fame and natural splendour – the 227-acre property was the setting for a season of the US television show “Survivor”. An extension of its parent archipelago, Gibraleon is characterised by crystalline waters, soft-sand shores, vibrant flora, and diverse wildlife. Specifically, the property’s headline features include eight beaches, a natural bay ideal as a marina, whale watching and fishing opportunities, plus proximity to neighbouring islands and Panama City.

Insights

Everything You Need To Know

Location
Panama
Approximate
Climate & Risk

Caribbean

Elevated Storm Risk
Monthly Probability Of Named Storm
1%
1%
1%
1%
2%
8%
15%
35%
55%
30%
8%
2%
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Best Months To Visit
December – April
Avoid
August – October
Avg Named Storms / Year
14.4
Major Hurricanes (Last Decade)
11
The Caribbean hurricane belt sits north of 12°N latitude. Southern Caribbean (Aruba, Curaçao, Trinidad, Grenada) lies below this line and historically sees less than one major storm per decade — about 1/10th the risk of Bahamas or Cayman.
Sources: NOAA NHC, IPCC AR6, World Bank Climate Knowledge Portal · Updated 2026
Buying In Panama

Foreign Ownership Permitted

✓

Foreigners have same property rights as citizens.

Ownership
freehold, right of possession
Transfer Tax
2% transfer tax
Annual Property Tax
0.5-2.1% (progressive)
Closing Time
30-60 days
Legal Fees (typical)
9.0% of price
Required Permits
None required
True Cost Estimator

What This Island Will Actually Cost

Beyond the asking price: closing, infrastructure, and the first year of operating costs.

$13.0MUSD
$300K$50M
Year-One Total Cost
$14,820,0001.1× Purchase
Purchase
$13,000,000
Closing Costs (~7%)
$910,000
Infrastructure
$420,000
Year 1 Operating
staff + tax + insurance + maint
$490,000
$13,000,000 USD
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