4 bedroom Villa for sale

4 bedroom Villa for sale

Palma de Mallorca, Mallorca
1,400,000
 
  • 4 bedroom Villa for sale
  • 4 bedroom Villa for sale
  • 4 bedroom Villa for sale
  • 4 bedroom Villa for sale
  • 4 bedroom Villa for sale
  • 4 bedroom Villa for sale
  • 4 bedroom Villa for sale
  • 4 bedroom Villa for sale
  • 4 bedroom Villa for sale
  • 4 bedroom Villa for sale
  • 4 bedroom Villa for sale
  • 4 bedroom Villa for sale
  • 4 bedroom Villa for sale
  • 4 bedroom Villa for sale
  • 4 bedroom Villa for sale
  • 4 bedroom Villa for sale
  • 4 bedroom Villa for sale
  • 4 bedroom Villa for sale
  • 4 bedroom Villa for sale
  • 4 bedroom Villa for sale
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Villa For Sale in El Arenal Palma de Mallorca 350 meters from the beach.Built in1940 this large villa sits on a substantial plot of just over 2500 square metres in an elevated position above the original settlement of El Arenal.Typical of villas of this era It still retains many of the original details in the interior, a larger entrance hall with an elegant staircase to the first floor a substantial lounge with a fireplace a separate dining room which also has a fire place and an enclosed porch accessible for both the lounge and dinning room. Also, on the ground floor there is a double bedroom and a complete bathroom. There is a large kitchen, and laundry room, both with access to the porch which faces the entrance to the garden.On the first floor are three more double bedrooms and a complete bathroom, all of which which have double doors to the balcony surrounding the first floor.The attic space divided in to two areas by an arch has open views of the sea to the west and to the countryside to the east.The building has been modified in the 1980’s and 1990’s as it has been a summer home for a local family since it was built, and later used as guest accommodation.There are multiple options for a buyer refurbish the present house, landscape the garden with its mature trees and create a swimming pool and summer kitchen. The property has a  small group of out buildings one of which is a garage and is unique as it has access from two streets. So it would be an ideal location to create a large private property with off street parking a substantial garden just a few moments away from the beach and the El Arenal Yacht Club.Or use the large plot for redevelopment and maximum occupancy permitted is 28 units of apartments or a smaller number if town houses, or a mixed development retaining the original property.The area has not as yet received the redevelopment that El Molinar and Portixol have, but the urbanizations of Son Veri Nou, and Bellavista are now popular with those looking for the older larger villas as redevelopment options.Centred around the Marina and the original harbour many of the smaller hotels and apartment buildings dating from the 1970s and 1980s are now being refurbished as the area offers the unique mixture of a location close to one of the islands largest and most popular beaches with easy access to the centre of Palma de Mallorca either by the public transport system by road or by bike during the summer months.  As the cycling paths and walkways of the shoreline run right to the entrance of the old city walls and beyond that to the heart of the city.For more information about this villa for sale in El Arenal Palma de Mallorca please contact us.El ArenalEl Arenal, also referred to as S'Arenal, is a location in Mallorca that has been significantly shaped by tourism. Situated in the southern part of Mallorca, it also borders the western Migjorn region. A portion of S'Arenal is part of the capital city, Palma, and is conveniently close to the airport, with Palma being just 12 kilometers away.The town of El Arenal first appears in historical documents in 1887. Initially, it was a small fishing village. Today, the town's origins as a fishing village are still evident in its town centre at the far end of the beach close to the harbour.  The El Arenal Yacht Club, opened in 1952, making it one of the oldest marinas on the island's coast. The urbanizations of Son Veri Nou, and Bellavista are to the south of the marina and beach and on the headland of Cala Blava the luxury Hotel Cap Rocat.

Property Features

  • 4 bedrooms
  • 2 bathrooms
  • 403m² Build size
  • 2,859m² Plot size
  • Electrical Connection
  • Covered terrace
  • coastal area
  • close to the sea
  • Close to Shops
  • close to restaurants
  • Close to Public Transport
  • Close to Marina or Port
  • Close to all Amenities
  • Chimney / Fireplace
  • Ceiling fans
  • Bottled Gas ( Butano)
  • Balcony
  • Air conditioning
  • Fenced
  • Flooring
  • Garage and Parking
  • garden
  • Garden Views/ Pool Views
  • Heating and Cooling

Costing Breakdown

Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
137,000€
Final Payment of 90% on completion
1,260,000€
 
Property Purchase Expenses
Property price
1,400,000€
Transfer tax 10%
140,000€
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.

Mortgage Calculator

Mortgage Amount:
1,400,000€
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Interest Rate:
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* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

Spanish Property News & Updates by Spain Property Portal.com

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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Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.

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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.

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