Ancón Hill is a 199 metres high hill that overlooks Panama City, Panama, adjacent to the township of Ancón. It was used for administration of the Panama Canal and was under U.S. jurisdiction as a part of the Panama Canal Zone until being returned to Panama in 1977. Largely undeveloped, the area is now a reserve. The hill includes the highest point in Pana…Ancón Hill is a 199 metres high hill that overlooks Panama City, Panama, adjacent to the township of Ancón. It was used for administration of the Panama Canal and was under U.S. jurisdiction as a part of the Panama Canal Zone until being returned to Panama in 1977. Largely undeveloped, the area is now a reserve. The hill includes the highest point in Panama City.