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3
Bedrooms
3
Bathrooms
140 m²
Surface area
€
€4607
Price per m²
Apartment
Property type
+31 photos
Analysis
Price
€645.000
Own investment (30%)
€193.500
30% down payment of purchase price
Buyer costs
€64.500
Buyer costs: 10% of purchase price
Estimated nightly rate
€223,23
Expected occupancy rate
61%
Gross rental p/m
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€0000
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Mortgage costs
-€1.204
This is the monthly interest you pay for the mortgage(3.2%interest)
Maintenance costs
-€116,67
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
-€621,28
15% commission based on average fees from Booking.com and Airbnb
Municipal taxes
-€149,56
Municipal taxes for Elviria
Tax
(19%)
-€326,23
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
€223,23
High season
€299
Mid season
€214,17
Low season
€159
Price determining factors
- Proximity to beaches, shopping centers, and natural attractions.
- High-quality amenities within the gated community.
- Spectacular sea and mountain views.
- Luxury property features and spacious terraces.
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
6.47%
5 Year Return
32.35%
10 Year Return
64.70%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: Well-maintained, modern interior, and spacious layout enhance value.
- Local market trends in 2027: Expected growth in Marbella's luxury real estate market due to tourism and expatriate demand.
- Property type: Duplex penthouse with large terrace is highly desirable in luxury markets.
- Economic outlook in 2027: Positive economic growth in Spain and Europe, supporting real estate investments.
- Demographic developments: Increasing expatriate and retiree populations seeking luxury properties.
- Infrastructure plans in 2027: Ongoing improvements in transportation, amenities, and connectivity in Marbella.
- Historical WOZ value trends: Consistent increase reflecting rising property values and demand.
Possible improvements
- Renovate and modernize the kitchen and bathrooms.
- Upgrade interior finishes and fixtures for a more contemporary look.
- Enhance outdoor living spaces with additional landscaping or outdoor furniture.
- Install energy-efficient systems to reduce utility costs.
Description
Discover the luxurious lifestyle offered by this spacious duplex penthouse in Elviria, Marbella, Spain. This stunning property boasts 140 square meters of elegant interior space complemented by a massive 210-square-meter southwest-facing terrace, perfect for enjoying spectacular sea and mountain views. The penthouse features three bedrooms, including a luxurious master bedroom on the second floor with an ensuite bathroom, a private terrace, and a convenient cloakroom. The fully equipped modern kitchen and two additional bathrooms, along with a guest toilet, provide comfort and functionality. The expansive living room opens onto the large terrace, ideal for entertaining or relaxing while soaking in panoramic vistas of the Mediterranean coastline. Situated within a secure gated community in Elviria, Marbella, Spain, this property offers 24-hour security, four large pools, four smaller pools, and beautifully landscaped gardens, creating a peaceful retreat close to the beach and shopping centers just 10 minutes away. Whether you seek a permanent residence or a lucrative investment in Elviria, Marbella, Spain, this duplex penthouse combines luxury, convenience, and breathtaking scenery, making it an exceptional choice for discerning buyers looking for property in Spain.
Location
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