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4
Bedrooms
3
Bathrooms
203 m²
Surface area
€
€5665
Price per m²
Apartment
Property type
+34 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
€282,58
Expected occupancy rate
62%
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
-€169,17
{% 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
-€375
Annual cleaning costs:€4500 (€375.00/month).Based on number of bedrooms.
Platform fees
-€799,35
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€216,15
Municipal taxes for La Cala de Mijas
Tax
(19%)
-€308,30
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
€282,58
High season
€347
Mid season
€274,17
Low season
€222
Price determining factors
- Luxury amenities and panoramic views increase desirability.
- Proximity to golf courses, beaches, and urban centers enhances value.
- Community facilities like pools, gym, and security add to attractiveness.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €241,40 | Casa Tranquila (Quiet House) La Cala de Mijas | 0.4 km |
| €247 | Ayma Ocean View | 2.2 km |
| €212,60 | Modern house with panoramic ocean views in Alya | 3.0 km |
| €210,60 | Lovely townhouse with private pool | 8.8 km |
| €427,60 | Heated pool / Premium Spanish villa / Sea views | 9.4 km |
| €477,43 | Impressive VILLA Dazura in Valtocado. MIJAS | 10.3 km |
| €249,80 | Stylish Villa París - Heated Pool | 11.7 km |
| €291 | Spacious 4-Bedroom Townhouse 3 min from the Beach | 14.0 km |
| €377,40 | Villa Lola with pool, private oasis | 22.0 km |
| €197 | The tropical paradise in Malaga | 23.4 km |
Return & Value appreciation
Annual return
3.43%
5 Year Return
17.15%
10 Year Return
34.30%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained, modern design, recent construction (2019) supports value retention and growth.
- Local market trends in 2027: Growing demand for luxury properties in Costa del Sol, driven by tourism and expatriate influx.
- Property type: Penthouse with extensive outdoor space and amenities, highly desirable in luxury markets.
- Economic outlook in 2027: Positive economic growth in Spain and the Eurozone, boosting real estate investments.
- Demographic developments: Increasing number of affluent retirees and expatriates seeking luxury coastal properties.
- Infrastructure plans in 2027: Ongoing improvements in transportation, healthcare, and leisure facilities enhance property appeal.
- Historical WOZ value trends: Steady increase in property taxes indicating rising property values.
Possible improvements
- Upgrade interior furnishings for modern appeal.
- Add smart home technology for convenience.
- Enhance outdoor spaces with landscaping or additional features.
- Improve energy efficiency with solar panels or better insulation.
Description
Experience luxury living in this stunning penthouse in La Cala de Mijas, Spain, offering panoramic views of the Mediterranean, vibrant town, and surrounding landscapes. This exceptional property features four spacious bedrooms, three modern bathrooms, and 124 square meters of stylish interior space. The nearly 200 square meters of terraces, including a private pool and outdoor chill-out zones, create an ideal setting for relaxation and entertaining. Located within the prestigious Casa Banderas complex, completed in 2019, this penthouse combines contemporary design with functional open-plan living, bright with expansive windows and seamless access to expansive outdoor spaces. The large kitchen and dining area flow effortlessly into the lounge, perfect for daily enjoyment or hosting gatherings. The master suite boasts private terrace access, while additional bedrooms ensure comfort and privacy for family and guests. Included in the €1,150,000 price are two underground parking spaces and a storage room. Residents of Casa Banderas enjoy resort-style amenities such as landscaped gardens, multiple swimming pools, a fully equipped gym, spa, sauna, padel courts, and social-gourmet spaces. The community also features children’s play areas, yoga decks, and 24-hour security services. Situated just minutes from La Noria Golf and the lively local scene of La Cala de Mijas, this property offers easy access to beaches, restaurants, shops, and golf courses. With proximity to Marbella, Málaga airport, and other Costa del Sol hotspots, this La Cala de Mijas penthouse is a rare opportunity for investors and homeowners seeking a luxurious retreat in Spain’s most sought-after coastal region.
Location
Nightly rates in the area
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