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3
Bedrooms
3
Bathrooms
268 m²
Surface area
€
€3134
Price per m²
House
Property type
+34 photos
Analysis
Price
€840.000
Own investment (30%)
€252.000
30% down payment of purchase price
Buyer costs
€84.000
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
-€1.568
This is the monthly interest you pay for the mortgage
(3.2% interest)
Maintenance costs
-€223,33
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
-€163,02
Municipal taxes for Elviria
Tax
(19%)
-€234,25
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
€223,23
High season
€299
Mid season
€214,17
Low season
€159
Price determining factors
- Luxury finishes and modern architecture attract high-end buyers.
- Proximity to beaches, golf courses, and amenities increases desirability.
- Potential for rental income due to location and property features.
- Limited supply of similar high-quality properties in Elviria.
Comparable accommodations
All comparable accommodations and their nightly rates are retrieved from booking platforms.
| 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
3.57%
5 Year Return
17.85%
10 Year Return
35.70%
ROI Distribution
Value development
Factors for value appreciation
- Property condition: The house has been fully renovated with high-end finishes, which supports sustained value appreciation.
- Local market trends in 2027: Marbella's real estate market is expected to remain strong due to its popularity among international buyers and ongoing demand for luxury properties.
- Property type: As a luxury, fully renovated house in a prestigious area, it is likely to appreciate well compared to average properties.
- Economic outlook in 2027: Spain's economy is projected to grow steadily, supporting real estate investment and property values.
- Demographic developments: Increasing expatriate and retiree populations in Marbella will likely sustain demand for high-end housing.
- Infrastructure plans in 2027: Planned improvements in transportation and amenities in Marbella and Elviria will enhance property appeal.
- Historical WOZ value trends: Past trends show consistent growth in property values in Marbella, especially in high-end segments.
Possible improvements
- Adding a rooftop terrace or outdoor kitchen.
- Upgrading smart home features.
- Enhancing landscaping and outdoor lighting.
- Installing solar panels for energy efficiency.
Description
Experience luxurious living in this fully renovated 3-bedroom house in Elviria, Marbella, Spain. Located in the prestigious La Mairena area, this stunning family home offers breathtaking views of the Mediterranean Sea, surrounding mountains, and lush valley. Designed by an interior architect, the property boasts high-end finishes, contemporary architecture, and exceptional attention to detail. The open-plan living space features floor-to-ceiling windows that flood the home with natural light and showcase the picturesque landscape. Step outside onto generous terraces and landscaped gardens perfect for year-round outdoor living, complemented by an outdoor swimming pool and private parking for two vehicles. The modern kitchen is fully equipped, and the three stylish bathrooms provide comfort and convenience. Situated just minutes from the beaches of Elviria and Marbella’s vibrant town center, this property is ideally located for enjoying Spain’s Mediterranean lifestyle. Nearby amenities include renowned golf courses, panoramic restaurants, and the Deutsche Schule Marbella. With a total built area of 268.92 m² and additional parking, this Elviria property combines contemporary elegance with natural harmony. Although it has no tourist license, medium and long-term rentals are permitted, making it an excellent investment opportunity in Spain’s desirable Marbella real estate market.
Location
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