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Apartment in Nueva Andalucía, 3 bedrooms, 229 m² €1.590.000

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3
Bedrooms
4
Bathrooms
229 m²
Surface area
€
€6943
Price per m²
Apartment
Property type
Apartment in Nueva Andalucía, 3 bedrooms, 229 m² - Hoofdafbeelding
Apartment in Nueva Andalucía, 3 bedrooms, 229 m² - Afbeelding 1
Apartment in Nueva Andalucía, 3 bedrooms, 229 m² - Afbeelding 2
Apartment in Nueva Andalucía, 3 bedrooms, 229 m² - Afbeelding 3
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Analysis

Price
€1.590.000
Own investment (30%)
€477.000
Buyer costs
€159.000
Estimated nightly rate
€268,60
Expected occupancy rate
59%
Gross rental p/m
€0000
Mortgage costs
-€2.968
Maintenance costs
-€190,83
Cleaning costs
-€333,33
Platform fees
-€723,04
Municipal taxes
-€260,28
Tax (19%)
-€65,51
Cashflow p.m.
Earned back in

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Nightly Rates

Estimated nightly rate
€268,60
High season
€359
Mid season
€257,75
Low season
€189

Price determining factors

  • Property condition: Modern, luxurious finishes enhance value.
  • Local market trends in 2027: Rising property prices in Marbella and surrounding areas.
  • Property type: Exclusive penthouse with premium features.
  • Economic outlook in 2027: Favorable economic growth supporting higher property prices.
  • Demographic developments: Growing expatriate and high-net-worth individual presence.
  • Infrastructure plans in 2027: Enhanced connectivity and amenities boosting desirability.
  • Historical WOZ value trends: Steady increase indicating rising property market values.

Comparable accommodations

Rate Hotel / apartment Distance
€195,20 Hacienda el Alamo 22.6 km
€378,33 Casa Calma ǀ Private Pool ǀ Close to Beach + Golf 10.3 km
€185 Entire House with Terrace in Marbella 3.3 km
€382,40 Three bed house with pool 50 metres from the beach 3.1 km
€175 Chic 3BR Townhouse on the Beach + Pool + Parking 8.1 km
€133,60 Casa del Barco | Quiet 3BR Villa & Pool 20.5 km
€140,40 TOWNHOUSE Old Town Marbella Large Rooftop Terr! A 7.1 km
€281,20 Ocean Front Villa w/Private Pool 8.1 km
€294,40 Villa with pool near the beach for families 14.7 km
€182,40 House in Marbella's Old Town, 100m from the Beach☆ 7.6 km

Return & Value appreciation

Annual return

0.70%

5 Year Return

3.50%

10 Year Return

7.00%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained, modern finishes, and recent upgrades support value appreciation.
  • Local market trends in 2027: Growing demand for luxury properties in Marbella and Nueva AndalucĂ­a, driven by international buyers.
  • Property type: High-end duplex penthouse with premium features and amenities.
  • Economic outlook in 2027: Stable to positive, with tourism and real estate sectors expected to grow.
  • Demographic developments: Increasing affluent expatriate and international resident population.
  • Infrastructure plans in 2027: Ongoing improvements in transportation, security, and local amenities.
  • Historical WOZ value trends: Consistent increase reflecting rising property values in the area.

Possible improvements

  • Adding a private pool or upgrading the Jacuzzi area.
  • Enhancing outdoor entertainment spaces with additional features.
  • Modernizing kitchen appliances and fixtures.
  • Implementing smart home technology for added convenience.
  • Improving energy efficiency with solar panels or advanced insulation.

Description

Discover this luxurious duplex penthouse in the exclusive La Corniche urbanization above Nueva Andalucía, Spain. Offering breathtaking panoramic views of mountains, golf courses, countryside, and the Mediterranean Sea, this 3-bedroom, 4-bathroom property epitomizes elegance and comfort. Located just a 30-minute walk from the vibrant Puerto Banús and central shopping centers, it combines convenience with tranquility. The building features direct lift access from the underground garage to the solarium level, enhancing ease of living. Inside, the spacious open-plan living area boasts floor-to-ceiling windows capturing stunning vistas, a fireplace, and modern climate control, including underfloor heating. The fully equipped kitchen with ample storage and a utility room with laundry facilities make everyday living effortless. The master suite offers a walk-in wardrobe, en-suite bathroom, and private terrace with sweeping views. Two additional bedrooms with en-suite bathrooms provide comfort for family and guests. The highlight is the expansive solarium, accessible via the underground lift, featuring a large decking area, sunken Jacuzzi, outdoor bar, barbecue, and additional secure storage—an ideal space for entertaining and enjoying sunrise views. The gated urbanization offers 24-hour security, a paddle court, and two large communal pools amid lush, mature landscaping. Conveniently situated near top international schools, golf courses like Magna Golf, and with easy access to Marbella and the coast, this Nueva Andalucía property is perfect for those seeking a luxurious Mediterranean lifestyle. Includes three parking spaces.

Location

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