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Ref: EFML3702A
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Welcome to one of the finest duplex penthouses currently available in the exclusive, resort-style gated community of Palo Alto. This remarkable property boasts a spacious, beautifully designed interior complemented by expansive terraces that offer spectacular panoramic views of the Mediterranean Sea and surrounding mountains, with sunlight gracing every corner throughout the entire day.This exquisite apartment seamlessly combines comfort with sophistication. The master bedroom, spanning an impressive 17.99 m² and featuring a private en-suite bathroom, opens onto a sun-drenched south-facing terrace—an ideal spot to begin your mornings with awe-inspiring vistas. The second bedroom, a cozy yet refined 14.07 m² space, is conveniently situated near a second modern bathroom, ensuring both privacy and ease. At the heart of the home, the open-plan living area of 33.07 m² flows harmoniously into a chic 7.56 m² kitchen, complemented by an adjacent 3.36 m² laundry area for added convenience. Outside, you’ll find two exceptional terraces—a sprawling 27.04 m² main terrace perfect for outdoor dining or leisurely afternoons, and a charming 7.67 m² space with an option for a jacuzzi, ideal for unwinding beneath the stars. Bathed in natural light and exuding warmth, this south-facing apartment offers not just a home but an elevated lifestyle defined by serenity and elegance.Life at Palo Alto redefines luxury living with an unparalleled array of services and amenities tailored to meet your every desire. Residents benefit from round-the-clock security for complete peace of mind, a dedicated concierge service, and premium facilities such as a tennis court, state-of-the-art gym, indulgent spa, and a co-working space designed to enhance productivity. Explore the organic food market, traverse scenic horse-riding trails, or relax in the outdoor pools while soaking in breathtaking views of the mountains and sea. All of this is situated just moments away from La Cañada shopping center, the lively Puerto Banús marina, and Marbella’s vibrant city center—a perfect synergy of tranquility and convenience.
Property Features
- 2 bedrooms
- 2 bathrooms
- 24 Hour Security
- 24-hour-security
- Air conditioning
- alarm-system
- Close to Golf
- Close to schools
- Close to Sea
- Close to town
- Communal
- Communal
- Communal Pool
- Covered terrace
- ensuite bathroom
- Entry Phone
- Fitted Wardrobes
- Fully Fitted
- gated-complex
- Good
- Holiday Homes
- Investment
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
73,000€
Final Payment of 90% on completion
684,000€
Property Purchase Expenses
Property price
760,000€
Transfer tax 10%
76,000€
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.