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4 bed villa for sale in Adeje, Spain, 231430 m² - photo 1
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4 bed villa for sale in Adeje, Spain, 231430 m²

ID: 173183
Price€20,000,000
TypeVilla
Covered area231430 m²
Beds4
Bath5
Rooms5
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Finca Osorio 230.000 m2 with Villa - Costa Adeje

Environment
Finca Osorio is situated in a marvelous picturesque place in the municipality of Adeje, Tenerife which is famous all over the world for its Costa Adeje resorts. Finca Osorio occupies a vast territory of 230.680 m2 near the natural protected area of Barranco del Infierno. It is a nice place to admire the local endemic nature and landscapes.
Building
The house built in traditional Canarian style is situated in the eastern part of Finca Osorio. It is surrounded by two gardens with exotic fruit trees. The swimming pool in front of the house with emerald green loan around it serves as a natural view point to Costa Adeje and to the seaside. The residential part of the house is 750 m2. The house has 4 bedrooms, 2 of them for the visitors and have a separate entrance. Each bedroom has its own bathroom and dressing-room. Dining room and nice living area with panoramic view over the Atlantic Ocean and La Gomera island. There is also an office for the personal assistants, two kitchens (one for the owners and one for catering) equipped with high quality Miele and Gaggenau stainless steel appliances and beautiful veranda with glass automatic ceiling which can be opened in sunny weather and closed when it is rainy and cold. The lower level comprises gym with sauna, big storage and machine room.
Plot
The major part of the territory is occupied by a vast mango garden of 2.500 trees. The mango garden is not only a nice place but it is also a profitable business. The garden has its own automatic water supply system and 3 deposits which provide watering to each plant. Approximately 60.000 kg of mango fruit are gathered annually. The lands in the lower part of Finca Osorio were included in the urbanization plan of Adeje and soon it will be possible to use them for residence construction or other purposes.
Extras
The house is equipped with state-of-art sophisticated smart home system Crestron. The smart home system guarantees the control of all the systems of the house including air conditioning, television, heating floor and lights from one portable console in any point of the house. Doors, windows, shutters are also automated and controlled by smart home system.Italian marble flooring, solar panels, firefighting system, decalcification system, aromatherapy in sauna, security and surveillance cameras, garden house for the barbecue. The bills was completely renovated in 2015.

Extra Сosts when Buying Property

WITHOUT MOTGAGE
VAT for new residential properties 10%
VAT for new commercial properties and plots of land 21%
Property Transfer tax for re-sale property 6-10%
Stamp Duty 1%
Notary and Land Registry fees about 2%
WITH MORTGAGE
To the expenses noted above add:
Bank mortgage fee, of the value of the mortgage 1%-1.5%
Mortgage deed tax 1.5%
Land Registry and notary expenses about 2%
Bank valuation of the property from €300
Documents translation from €200
Insurance payments for the first year from €300/год

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Ongoing Ownership Costs

Annual property ownership tax, calculated on the cadastral value 0.5-2%
Non-resident income tax (the base for the applicable tax rate is generally 2% of the cadastral value) 25%
Annual wealth tax 0.2%-2.5%
Rubbish Collection Tax €100-200 p.a.
Community expenses for condominiums and urbanisations from €300 p.a.
Water and electricity rates €100-200 per month

Additional Services Costs

Legal fees about 1%
Estate agency fees 3-5%

Return on Investment

Property Price
Rental Cost
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  • Spain, AdejeSpain, Adeje
    Apartment €240,000
    • Covered area: 90 m²
    • 4 rooms, 2 bath
  • Spain, AdejeSpain, Adeje
    Flat €169,000
    • Covered area: 53 m²
    • 3 rooms, 1 bath
  • Spain, AdejeSpain, Adeje
    Flat €545,000
    • Covered area: 172 m²
    • 4 rooms, 2 bath
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