The village of Pancharevo is located 12 km southeast of the city center of Sofia, along Samokovsko shosse str. It lies at 700 m. above sea level between Vitosha and Lozen mountains, and at the end of the Pancharevo gorge of Iskar River. In Pancharevo Vitoshka Bistritsa River, sloping steeply from the highest parts of the mountain, flows into Lake Pancharevo.