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Villa for sale in Playa de las Americas, Spain

Villa for sale in Playa de las Americas, Spain - photo 1
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Price€1,300,000
TypeVilla
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Villa 5 bed - Costa Adeje - El Madroñal

Environment
This gorgeous villa with panoramic views of the Atlantic ocean and neighbor islands sits on the 1080 m2 plot in one of the most prestigious parts of Costa Adeje – El Madroñal. Located just 3 minutes away from the private school Colegio Costa Adeje, commercial center Gran Sur with the supermarket and movie theatre, and 7 minutes away from the famous beach Playa Del Duque
Building
The ground floor has a beautiful living room with high ceilings which opens up to a terrace with the private swimming pool with counter flow system and outside dinning area, also you will find a separate kitchen with high-end appliances like Miele and AEG, 3 bedrooms and 2 bathrooms. The first floor has 1 bedroom with walk-in closet, en-suite bathroom and direct view over Atlantic and La Gomera island from the bedroom and adjoining spacious terrace, while another bedroom is used as an office and has it’s own private terrace with mountain views. There are 2 levels of basement one has a guest apartment with a bathroom and has a direct entrance to the 3 car garage, and a gym, the second one is used as a play room with billiard table, also has a music room. There is a pre-installation for the the lift. The house is fully equipped with modern technology like built-in vacuum cleaning system, central music, central air-conditioning, 7 solar panels, rain water collecting system which is used to water the big garden with pineapple, banana and papaya trees, automatic watering system for the garden, sophisticated alarm system with 9 cameras, sensors, remote access and integrated fire alarm system. All the rooms in the house are equipped with satellite TV system and living room has a 50’’ Smart TV with Pioneer surround system. If you are looking for a villa which combines a classic style architecture with modern interior design then this villa is perfect for you.
Plot
Land 1080m2Total area : 712m2Living area : 313m2
Extras
Beautiful property, quiet location

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%
Amina
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