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Ref: CSPO-75235
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FOR SALE PENTHOUSE WITH SEAVIEW IN MIL PALMERAS, ORIHUELA COSTAModern penthouse for sale with terrace near the sea and beach in Mil Palmeras, Orihuela Costa. The property consists of 2 bedrooms and bathroom, located in the popular area of residential Río Mar XI, Mil Palmeras, just 500 meters from the beach. The urbanization with beautiful common areas with swimming pools, and gardens. This apartment is oriented to the South with a large terrace and private solarium with sea views. It has an open kitchen, living room with large sliding windows to enjoy the view of the common areas and to access the terrace. The apartment is fully furnished, has air conditioning installation.This apartment is close to all amenities, beautiful area of Mil Palmeras and near Torre de la Horadada, less than a minute walk from the sandy beaches of the Costa Blanca South. It is 10 minutes' drive from the golf courses of Campoamor, Villamartín, Las Ramblas and Lo Romero and 45 minutes from La Manga golf course. Well connected by the road network, the airports of Murcia and Alicante are 45 minutes each.
Property Features
- 2 bedrooms
- 1 bathroom
- 98m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
29,990€
Final Payment of 90% on completion
296,910€
Property Purchase Expenses
Property price
329,900€
Transfer tax 8%
26,392€
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.



