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3
Bedrooms
3
Bathrooms
197 m²
Surface area
€
€2970
Price per m²
Apartment
Property type
+30 photos
Analysis
Price
€585.000
Own investment (30%)
€175.500
30% down payment of purchase price
Buyer costs
€58.500
Buyer costs: 10% of purchase price
Estimated nightly rate
€170,42
Expected occupancy rate
65%
Gross rental p/m
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€0000
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Mortgage costs
-€1.092
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€164,17
{% 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
-€505,40
{% trans '15% commission based on average fees from Booking.com
and Airbnb' %}
Municipal taxes
-€136,81
Municipal taxes for Mijas
Tax
(19%)
-€216,15
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
€170,42
High season
€217
Mid season
€165,42
Low season
€131
Price determining factors
- Proximity to amenities and natural scenery increases desirability.
- Luxury features and panoramic views add premium value.
- Gated community and security features enhance attractiveness.
Comparable accommodations
| Rate | Hotel / apartment | Distance |
|---|---|---|
| €260,80 | Andalusian Villa with views, Pool, Garden & BBQ | 4.5 km |
| €185 | Villa La Guirnalda private pool/wifi/barbecue | 6.9 km |
| €164,40 | 3 Bed Accommodation with Pool | 9.5 km |
| €314 | Livita, Space, Above the beach, Cala de mijas | 10.2 km |
| €195,20 | Hacienda el Alamo | 10.3 km |
| €166,20 | Seaview house: Rooftop pool,gameroom, parking|REMS | 11.1 km |
| €92,80 | House Technology Park, luxury for you! | 16.8 km |
| €378,33 | Casa Calma ǀ Private Pool ǀ Close to Beach + Golf | 21.0 km |
| €211,20 | Luxury attached Villa La Biznaga | 21.5 km |
| €226,80 | Bright Classic House Near La Malagueta | REMS | 25.4 km |
Return & Value appreciation
Annual return
4.73%
5 Year Return
23.65%
10 Year Return
47.30%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained with modern interiors and scenic views enhances value.
- Local market trends in 2027: Expected growth due to tourism and expatriate interest in Mijas.
- Property type: Luxury penthouse in a high-demand area tends to appreciate more.
- Economic outlook in 2027: Positive economic growth in Spain and Europe supports property appreciation.
- Demographic developments: Increasing expatriate and retiree populations boost demand.
- Infrastructure plans in 2027: Improved transportation and amenities will likely increase property values.
- Historical WOZ value trends: Consistent increase in property taxes indicates rising property values.
Possible improvements
- Upgrade interior finishes and appliances.
- Add smart home technology.
- Enhance outdoor terraces with landscaping or additional amenities.
- Improve energy efficiency with solar panels or insulation.
Description
Discover the epitome of luxury living with this exclusive duplex penthouse for sale in Mijas, Spain. Nestled within the prestigious El Mirador de Buenavista development, this mountain penthouse offers unparalleled panoramic sea views, blending natural beauty with modern comfort. Perched high in the Mijas mountains, the property boasts a privileged elevated position surrounded by lush landscapes, yet remains close to the vibrant Costa del Sol's amenities, including supermarkets, shopping centers, and excellent connectivity via the AP-7 motorway. Spanning approximately 197 m², this Mijas penthouse features 110 m² of luminous indoor living space complemented by expansive outdoor terraces—an ideal setting for outdoor dining, sunbathing, and soaking in breathtaking vistas of the Mediterranean Sea, mountains, and natural scenery. The interior showcases a spacious living-dining area with a bioethanol fireplace, three double bedrooms with fitted wardrobes, and three stylish bathrooms, including a walk-in shower and bathtub. Designed for comfort, the property benefits from south-facing orientation, LED lighting, air conditioning, and central heating. Situated within a secure gated community with landscaped gardens and a swimming pool, this Mijas penthouse is perfect as a permanent residence, luxury holiday home, or investment opportunity. A private garage parking space is included, further enhancing convenience. Embrace the exceptional natural setting of Mijas, Spain, with this unique mountain penthouse offering spectacular sea views, generous terraces, and sophisticated interiors—an unbeatable opportunity on the Costa del Sol.
Location
Nightly rates in the area
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