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Exclusive Ground Floor Apartment – Arco Mediterraneo, Montemar (Costa Blanca South)We are pleased to present this beautifully renovated and stylishly decorated ground floor apartment, located in the highly sought-after residential complex of Arco Mediterraneo in Montemar, Algorfa. A very secure and gated complex.This impressive property offers a modern and high-quality finish throughout, with spacious outdoor areas at both the front and rear of the apartment—perfect for relaxing or entertaining, COMING WITH AN OUTDOOR SAUNA. Additionally, the apartment benefits from an underbuild providing valuable extra storage space.Situated directly in front of the large communal swimming pool and private tennis court, residents enjoy exceptional amenities right on their doorstep. The property also boasts ample communal parking conveniently located directly in front of the apartment.Property Features:Fully renovated and tastefully decoratedGenerous front and rear patiosOUTDOOR SaunaUnderbuild storage areaDirect access to the communal pool and tennis courtAmple communal parking spacesENERGY value DAdditional Reforms:Windows and rear patio door replaced in 2025 with uPVC fitted with HR++. Kitchen completely renovated in 2025 including all appliances. Additionally a dishwasher and Grohe water filter system were installed. Bathroom fully renovated in 2022 with a walk-in shower.New Air conditioning units placed with A+++ ratings in 2022.Location Highlights:Close to all ameninites, and within walk-in distance to the Algorfa Hotel, with events and entertainment all year round, as well as a convenient store. Only 5 minutes from the prestigious La Finca Golf ResortJust 15 minutes to the beautiful Costa Blanca South coastlineApproximately 35 minutes to Alicante International AirportThis apartment offers a fantastic opportunity for those seeking a stylish holiday home, investment property, or permanent residence in a well-established and peaceful community.Contact us today to arrange a viewing or request more information. Properties of this standard and location are in high demand and early viewing is recommended.
Property Features
- 2 bedrooms
- 1 bathroom
- Swimming Pool
- Close to shops, restaurants, ...
- Close to medical centre
- Close to sports facilities
- Close to golf resort
- Walking distance to shops, restaurants, ...
- Paddle courts
- Communal Pool
- Close To Town And Amenities
- Close to schools
- Communal Parking
- Garden/pool view
- Private Terrace
- Communal garden
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
12,500€
Final Payment of 90% on completion
139,496€
Property Purchase Expenses
Property price
154,995€
Transfer tax 8%
12,400€
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.