Two Panama Beach Mansions Seized To Be Auctioned
Two beach houses (one of them a beachfront mansion valued at $1.2 million) seized in anti-narcotics operations will be auctioned by the Ministry of Economy and Finance (MEF). This is a two-story mansion in Playa Blanca, in the Río Hato district of Coclé province, facing the sea, with sports fields, two swimming pools, ranches and several social areas, surrounded by palm trees. The house has a surface area of 477.55 m² and its appraisal value is $1.2 million. Anyone wishing to participate in the auction must post a deposit covering 10% of that value.
