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3
Bedrooms
2
Bathrooms
83 m²
Surface area
€
€13855
Price per m²
Apartment
Property type
+27 photos
Analysis
Price
€1.150.000
Own investment (30%)
€345.000
30% down payment of purchase price
Buyer costs
€115.000
Buyer costs: 10% of purchase price
Estimated nightly rate
€205,92
Expected occupancy rate
61%
Gross rental p/m
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€0000
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Mortgage costs
-€2.146,67
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€69,17
{% trans 'Estimated annual maintenance costs (10€/m²). This is the
rule of thumb for existing and older homes. For new construction,
this is usually lower.' %}
Cleaning costs
-€333,33
Annual cleaning costs:€4000 (€333.33/month).Based on number of bedrooms.
Platform fees
-€573,10
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€216,15
Municipal taxes for Elviria
Tax
(19%)
-€91,63
This is the VAT percentage you pay in the country of the property. If you are a EU resident, you pay 19% VAT.
Earned back in
Time to earn back own investment + buyer costs.
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Log inNightly Rates
Estimated nightly rate
€205,92
High season
€274
Mid season
€197,50
Low season
€142
Price determining factors
- High-end finishes and modern design attract premium buyers.
- Proximity to beaches and amenities increases desirability.
- Luxury property market trends in Spain and Costa del Sol.
- Potential for rental income from holidaymakers and long-term tenants.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €260,80 | Andalusian Villa with views, Pool, Garden & BBQ | 14.9 km |
| €185 | Villa La Guirnalda private pool/wifi/barbecue | 21.5 km |
| €164,40 | 3 Bed Accommodation with Pool | 12.7 km |
| €314 | Livita, Space, Above the beach, Cala de mijas | 10.7 km |
| €195,20 | Hacienda el Alamo | 12.8 km |
| €378,33 | Casa Calma ǀ Private Pool ǀ Close to Beach + Golf | 6.4 km |
| €210 | Beach House | 10.9 km |
| €84 | Paradise, sun and beach. Charming terrace. | 10.6 km |
| €185 | Entire House with Terrace in Marbella | 13.1 km |
| €382,40 | Three bed house with pool 50 metres from the beach | 17.2 km |
Return & Value appreciation
Annual return
1.02%
5 Year Return
5.10%
10 Year Return
10.20%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: The property appears to be brand new with high-end finishes, which can positively influence appreciation.
- Local market trends in 2027: The Costa del Sol region is expected to continue attracting international buyers and tourists, supporting property value growth.
- Property type: As a luxury penthouse, it is likely to appreciate well due to demand for premium properties.
- Economic outlook in 2027: Spain's economy is projected to grow steadily, which can bolster real estate investments.
- Demographic developments: Increasing expatriate and retiree populations in the area can sustain demand.
- Infrastructure plans in 2027: Ongoing improvements in transportation and amenities are likely to enhance property values.
- Historical WOZ value trends: Past trends indicate steady appreciation in the region, supporting future growth.
Possible improvements
- Adding smart home technology for increased convenience.
- Upgrading outdoor furniture and amenities to enhance outdoor living spaces.
- Implementing energy-efficient systems to reduce utility costs.
- Enhancing security features for added safety.
Description
Discover the epitome of luxury living with this stunning penthouse in Elviria, Spain, just steps from the beautiful Elviria Beach. This brand-new, high-end residence offers 3 spacious bedrooms, a vast 70 m² terrace perfect for entertaining, and exceptional finishes throughout. Located in the prestigious Estrella del Mar development, this penthouse combines modern Mediterranean style with superior craftsmanship, providing an elegant, comfortable retreat on the Costa del Sol.
Enjoy a contemporary designer kitchen equipped with top-tier Miele appliances, an open-plan living area seamlessly connected to the expansive terrace, and a luxurious master suite with a private en-suite. The property features private underground parking, storage, and access to a modern gym, two communal pools, and secure gated parking. Ideally positioned only 200 metres from Elviria Beach, residents benefit from easy access to Marbella’s finest golf courses, vibrant restaurants, and scenic coastal attractions.
This immaculate penthouse in Elviria, Spain, is move-in ready, offering the perfect blend of relaxation and sophistication. Optional bespoke furniture packages are available, making this the ideal investment or holiday home on the Costa del Sol. Experience the best of Spain’s coastal lifestyle with this exceptional Elviria penthouse, where luxury meets convenience.
Location
Nightly rates in the area
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