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3
Bedrooms
2
Bathrooms
167 m²
Surface area
€
€4192
Price per m²
Apartment
Property type
+76 photos
Analysis
Price
€700.000
Own investment (30%)
€210.000
30% down payment of purchase price
Buyer costs
€70.000
Buyer costs: 10% of purchase price
Estimated nightly rate
€163,38
Expected occupancy rate
66%
Gross rental p/m
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€0000
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Mortgage costs
-€1.306,67
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€139,17
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
-€491,98
15% commission based on average fees from Booking.com and Airbnb
Municipal taxes
-€161,25
Municipal taxes for Estepona
Tax
(19%)
-€161,02
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.
Nightly Rates
Estimated nightly rate
€163,38
High season
€221
Mid season
€159,92
Low season
€129
Price determining factors
- Proximity to amenities, beaches, and city center.
- Views of Sierra Bermeja and cityscape.
- Modern design and outdoor spaces.
- High-quality construction and recent build date.
Comparable accommodations
All comparable accommodations and their nightly rates are retrieved from booking platforms.
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €185 | Entire House with Terrace in Marbella | 21.4 km |
| €382,40 | Three bed house with pool 50 metres from the beach | 16.5 km |
| €175 | Chic 3BR Townhouse on the Beach + Pool + Parking | 10.5 km |
| €281,20 | Ocean Front Villa w/Private Pool | 10.5 km |
| €421 | Calm Villa · Private Infinity Pool | 7.9 km |
| €159,80 | Lucia's home, beach and mountains. | 11.3 km |
| €294,40 | Villa with pool near the beach for families | 3.8 km |
| €195,20 | Justine's Houses - Casa Carmen | 18.0 km |
| €125,60 | Beautiful house with a private pool. | 18.5 km |
| €147,20 | Casa Azul | 18.6 km |
Return & Value appreciation
Annual return
2.94%
5 Year Return
14.70%
10 Year Return
29.40%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained modern apartment with recent construction enhances value.
- Local market trends in 2027: Expected continued growth in Costa del Sol due to tourism and expatriate influx.
- Property type: Luxury penthouse with unique features like rooftop solarium and outdoor spaces.
- Economic outlook in 2027: Positive economic growth in Spain and Europe, supporting real estate investments.
- Demographic developments: Increasing demand from international buyers and retirees.
- Infrastructure plans in 2027: Ongoing improvements in transportation, healthcare, and amenities in Estepona.
Possible improvements
- Upgrade furnishings and appliances to modern standards.
- Enhance outdoor living areas with additional features.
- Implement energy-efficient systems to reduce utility costs.
- Add smart home technology for increased appeal.
Description
Discover this exceptional modern penthouse in the heart of Estepona, Spain, offering breathtaking panoramic views and luxurious outdoor living spaces. Located in a recently developed, secure community just steps from Avenida Juan Carlos I, this Estepona penthouse blends contemporary design with tranquility, making it an ideal choice for those seeking a premium property in Spain's Costa del Sol region. Built in 2020, this spacious top-floor apartment boasts three bedrooms, two bathrooms, and a bright, open-plan living-dining area that extends onto two private terraces—perfect for enjoying the Mediterranean climate. The highlight is a stunning 63 m² rooftop solarium featuring spectacular city and Sierra Bermeja mountain vistas, a barbecue zone, and a glazed relaxation nook, ideal for unwinding or entertaining guests. Additional features include a 13 m² private parking space with EV charging, a large 15 m² storage room, central heating, built-in wardrobes, and partial furnishings. Situated close to supermarkets, schools, sports facilities, and essential services, this Estepona property offers the perfect blend of modern comfort and coastal charm. Whether as a primary residence or an investment opportunity, this Estepona penthouse provides a unique opportunity to embrace the Mediterranean lifestyle in one of Spain’s most sought-after locations.
Location
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