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Ref: CSP-PH0398
Property marketed by Crystal Shore Properties
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Marvellous frontline beach penthouse for sale in Estepona, situated in the exclusive gated community of Bahia de Velerin with 24h security and featuring direct access onto sandy beaches. This immaculate property enjoys incredible views of the Mediterranean Sea and comprises of on entry level, a grand living room with a log fireplace, dining area, a modern fully equipped kitchen diner, guest cloakroom and en suite bedroom. Upstairs offers two further en suite bedrooms and access to the roof terrace, featuring wonderful al fresco areas as well as a built in BBQ. This is the perfect entertainment hotspot and ideal for relaxing in total privacy, whilst enjoying the views. Situated close to various amenities including renowned beach clubs.
Property Features
- 3 bedrooms
- 3 bathrooms
- 220m² Build size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
76,000€
Final Payment of 90% on completion
711,000€
Property Purchase Expenses
Property price
790,000€
Transfer tax 10%
79,000€
Notary fees (approx)
600€
Land registry fees (approx)
600€
Legal fees (approx)
1,500€
* Transfer tax is based on the sale value or the cadastral value whichever is the highest.
** The information above is displayed as a guide only.
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In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.
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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.