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Apartment in Elviria, 2 bedrooms, 163 m² €540.000

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2
Bedrooms
2
Bathrooms
163 m²
Surface area
€3313
Price per m²
Apartment
Property type
Apartment in Elviria, 2 bedrooms, 163 m² - Hoofdafbeelding
Apartment in Elviria, 2 bedrooms, 163 m² - Afbeelding 1
Apartment in Elviria, 2 bedrooms, 163 m² - Afbeelding 2
Apartment in Elviria, 2 bedrooms, 163 m² - Afbeelding 3
+19 photos

Analysis

Price
€540.000
Own investment (30%)
€162.000
Buyer costs
€54.000
Estimated nightly rate
€154,52
Expected occupancy rate
65%
Gross rental p/m
€0000
Mortgage costs
-€1.008
Maintenance costs
-€135,83
Cleaning costs
-€291,67
Platform fees
-€458,25
Municipal taxes
-€127,25
Tax (19%)
-€196,46
Cashflow p.m.
Earned back in

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Nightly Rates

Estimated nightly rate
€154,52
High season
€212
Mid season
€148,75
Low season
€108

Price determining factors

  • High demand for luxury properties in Elviria and Marbella.
  • Limited supply of similar high-end penthouses.
  • Desirable sea views and privacy attract premium pricing.
  • Proximity to beaches, golf courses, and amenities enhances value.

Comparable accommodations

Rate Hotel / apartment Distance
€133,60 An impressive beach house 8.7 km
€203 Casa Flores - Panoramic views, pool, tennis, BBQ 15.4 km
€132,40 Spectacular house on Carvajal Beach 18.3 km
€125,20 Picturesque Casita Mijas Pueblo 16.8 km
€166,80 Chariming and creative house 50m from the beach 2.1 km
€134,80 Cubo's Finca La Graciosa (Cubo's Farm) 21.0 km
€275,20 Casa Tetuan in old town Marbella, a manicured home 8.9 km
€186,80 Unique place with roof terrace in Old town 9.1 km
€124,86 Sunny hillside casita in Guaro 17.9 km
€131,40 House 5 minutes from the beach, Puerto Banús and 5 golf courses 16.7 km

Return & Value appreciation

Annual return

4.65%

5 Year Return

23.25%

10 Year Return

46.50%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained modern interior with high-quality finishes enhances value.
  • Local market trends in 2027: Growing demand for luxury coastal properties in Marbella boosts appreciation.
  • Property type: Penthouse apartments typically appreciate faster due to exclusivity and views.
  • Economic outlook in 2027: Stable or growing economy in Spain supports property value growth.
  • Demographic developments: Increasing number of affluent buyers and expatriates in Marbella.
  • Infrastructure plans in 2027: Planned improvements in transportation and amenities can increase desirability.
  • Historical WOZ value trends: Consistent increase in property taxes indicates rising property values.

Possible improvements

  • Upgrade kitchen and bathrooms with modern appliances and finishes.
  • Add smart home technology for enhanced convenience.
  • Improve outdoor terrace with stylish furniture or a small garden.
  • Implement energy-efficient upgrades to reduce utility costs.
  • Renovate common areas or lobby to enhance community appeal.

Description

Experience luxurious coastal living with this stunning penthouse in Balcones de La Mairena, Elviria, Spain. Offering unparalleled panoramic views of the Mediterranean, this exclusive property captures the essence of serenity and elegance in the heart of Marbella's sought-after Elviria neighborhood. The south-to-southwest-facing penthouse boasts a modern, sophisticated design, nestled amidst peaceful pine and cork oak forests, ensuring privacy and tranquility. Inside, the spacious layout features a generous kitchen area, a large dining and living space perfect for entertaining, and two beautifully appointed bedrooms with en-suite bathrooms—each with built-in wardrobes and spectacular sea views. The living room opens onto a sizeable, uncovered terrace with a retractable awning, ideal for enjoying the breathtaking coastal scenery. Modern comforts include centralized hot and cold air conditioning, underfloor heating throughout, and a dedicated private parking space. Residents of the well-maintained Balcones de La Mairena community enjoy lush gardens and an infinity pool overlooking the coast, providing a private oasis of relaxation. This Elviria penthouse in Spain combines sophisticated living with stunning sea views, making it an ideal choice for discerning buyers seeking a high-quality property in Marbella’s prime location. With 129m² of indoor space, a 22m² terrace, and additional parking, this property offers a perfect blend of comfort, style, and exclusivity in Elviria, Spain.

Location

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