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Villa for sale in El Paraiso, Estepona, Spain, 651 m² - photo 1
Villa for sale in El Paraiso, Estepona, Spain, 651 m² - photo 2
Villa for sale in El Paraiso, Estepona, Spain, 651 m² - photo 3
Villa for sale in El Paraiso, Estepona, Spain, 651 m² - photo 4
Villa for sale in El Paraiso, Estepona, Spain, 651 m² - photo 5
Villa for sale in El Paraiso, Estepona, Spain, 651 m² - photo 6
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Villa for sale in El Paraiso, Estepona, Spain, 651 m² - photo 8
Villa for sale in El Paraiso, Estepona, Spain, 651 m² - photo 9
Villa for sale in El Paraiso, Estepona, Spain, 651 m² - photo 10
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Villa for sale in El Paraiso, Estepona, Spain, 651 m² - photo 12
Villa for sale in El Paraiso, Estepona, Spain, 651 m² - photo 13
Villa for sale in El Paraiso, Estepona, Spain, 651 m² - photo 14
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Villa for sale in El Paraiso, Estepona, Spain, 651 m² - photo 20

Villa for sale in El Paraiso, Estepona, Spain, 651 m²

ID: 275870
Price€1,950,000
TypeVilla
Covered area651 m²
Land area2000 m²
Qualify for Residence Permit
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5 Bedroom, 5 Bathroom Villa For Sale in El Paraiso, Estepona

A two-story villa, located about 2 km off the main road between Estepona and Puerto Banus in El Paraiso Alto urbanisation. The villa boasts a breathtaking view of the Mediterranean sea as well as a near by golf course. It is located in a secluded area all the while the nearby restaurants, shops and nightlife of Marbella and Puerto Banus are all within 10 to 15 minutes.
Dimensions: 500 square meters of living space on a plot of 2000 square meters.

On the ground level (living space - 320 m2, porches - 78 m2):
Four bedrooms with in suite bathrooms
Living room with dining area and fire place about 60m2, 5m high ceilings, overlooking sea, golf and Sierra Blanca
Office
Guest bathroom
Two kitchens (one gas, one electricity)
Laundry
Porch with summer dining and chill out areas
Two bedrooms and one kitchen can be fully separated as a guests apartment with its own entrance door, own door to the pool area and own kitchen.
Third bedroom has also direct door to the garden and pool area. Two bedrooms have separate wardrobes, and two have built in wardrobes.
All rooms are equipped with under floor heating (water) and cold and hot air conditioning.

The upper level area (living space - 117 m2, porches - 73 m2) has been personally furnished and decorated for ultimate comfort by the head of our family, Alexander Kritskiy:
Master bedroom of about 50 m2 and a porch of 30 m2 are separated by glazed removable doors and boast amazing views
Two separate walk-in wardrobes
Fully equipped bathroom (jacuzzi, massage shower with steam bath option etc.)
Chill out area decorated in an oriental theme
A separate small outside pavilion, built by the family after the property was acquired, balances out the house and provides another intimate and relaxing area.
All area has under floor heating (electricity) and cold and hot air conditioning.
Water and electricity supply are independent for ground and first levels.
House is equipped with BOSE music system, flat TVs (up to 55’screen).

We have a garage for two cars and parking space on the plot for up to 5 more cars.Swimming pool is 10 by 4.5 m2, and the immediate area is covered by African wood. Two small gardens, a built-in BBQ area with water and electricity all enhance the living experience.

7 minutes drive to Puerto Banus, 15 to Marbella center, 10 to Estepona center, 30 to Gibraltar, 50 to Atlantic ocean beach and to Malaga airport.
There is 500,000 Euro mortgage in Deutsche Bank with 2,6% interest for 30 years, which may be transferred to the new owner. Monthly payments including mortgage is about 4,000 – 4,500 Euro per month.

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
0%
Helga
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