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Flat for sale in Los Monteros, Marbella, Spain, 749 m² - photo 1
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Flat for sale in Los Monteros, Marbella, Spain, 749 m²

ID: 275642
Price€4,850,000
TypeFlat
Covered area749 m²
Qualify for Residence Permit
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4 Bedroom, 5 Bathroom Penthouse For Sale in Los Monteros Playa, Marbella

This 4 bed duplex penthouse in Los Monteros Playa has been fully renovated and furnished by a famous decorator, creating a stylish interior that invites to relax and to enjoy the beautiful sea views. The property is situated in one of the most exclusive resorts in Marbella, on the seafront, decorated with tropical gardens and equipped with a swimming pool overlooking the sea. The complex is gated and has 24 hour security service.

The penthouse can be accessed by a private elevator leading directly into the elegant hall, leading into a magnificent double size living room with fireplace, an office area and a separate dining area. The terrace is divided into several areas for living, dining, to chill out and for sunbathing and is partially shaded by a wooden pergola that creates an enchanting Balinese environment. The kitchen has been completely renovated and fitted with contemporary design of "Boffi", has access to a terrace and an adjacent utility room. On the same floor are two bedroom suites, one being the master bedroom with double size dressing area and direct access to the terrace. A guest bathroom completes the layout of this level.

The top floor has 2 bedrooms and 2 bathrooms, one of which is en-suite and both with access to a sunny terrace favouring the brightness of this area. Two private underground parking bays with space for 6 cars and two storage rooms are included in the price. Further features include air conditioning h/c, under floor heating, alarm system, fireplace and marble floors.

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%
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