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House in Mijas, 5 bedrooms, 802 m² €2.950.000

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5
Bedrooms
5
Bathrooms
802 m²
Surface area
€3678
Price per m²
House
Property type
House in Mijas, 5 bedrooms, 802 m² - Hoofdafbeelding
House in Mijas, 5 bedrooms, 802 m² - Afbeelding 1
House in Mijas, 5 bedrooms, 802 m² - Afbeelding 2
House in Mijas, 5 bedrooms, 802 m² - Afbeelding 3
+23 photos

Analysis

Price
€2.950.000
Own investment (30%)
€885.000
Buyer costs
€295.000
Estimated nightly rate
€632,56
Expected occupancy rate
52%
Gross rental p/m
€0000
Mortgage costs
-€5.506,67
Maintenance costs
-€668,33
Cleaning costs
-€375
Platform fees
-€1.500,75
Municipal taxes
-€472,21
Tax (19%)
-€281,59
Cashflow p.m.
Earned back in

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Nightly Rates

Estimated nightly rate
€632,56
High season
€818
Mid season
€633,08
Low season
€458

Price determining factors

  • Proximity to Malaga, Marbella, and Fuengirola beaches increases desirability.
  • Exclusive location with panoramic views enhances prestige and value.
  • Lack of community fees reduces ongoing costs, appealing to buyers.

Comparable accommodations

Rate Hotel / apartment Distance
€553,60 Beautiful villa with sea view for 14 persons 12.4 km
€388,86 Spacious Modern Villa with heated pool in Marbella 18.2 km
€627,80 VillaSpainExperience with heated pool 12.9 km
€312,20 Hill Villa Higueron Reserve 4.4 km
€844,50 Villa El Altozano 25.3 km
€621,40 Villa Holivista 5.8 km
€1.321,60 5* Beachfront Villa, SAUNA & Infrared, Heated Pool 11.2 km
€1.002 Villa Mananitas with Sea Views and close to Beach 12.3 km
€339 Villa in Torreblanca | 5 Bedrooms & Heated Pool 4.3 km
€388 Luxury Villa with Panorama View and Heated Pool 25.2 km

Return & Value appreciation

Annual return

1.22%

5 Year Return

6.10%

10 Year Return

12.20%

ROI Distribution

Value development

Factors for value appreciation

  • Property condition: Well-maintained with recent price reduction indicates strong potential for appreciation.
  • Local market trends in 2027: Expected growth in luxury real estate market driven by tourism and expatriate demand.
  • Property type: Luxury mansion in high-demand area enhances value appreciation.
  • Economic outlook in 2027: Positive economic growth in Spain and Europe supports property value increases.
  • Demographic developments: Increasing affluent population and expatriates in Costa del Sol boost demand.
  • Infrastructure plans in 2027: Planned improvements in transportation and amenities will likely increase property values.
  • Historical WOZ value trends: Consistent increase in property taxes reflects rising property values.

Possible improvements

  • Adding solar panels to increase energy efficiency.
  • Upgrading outdoor amenities like terraces and pool area.
  • Modernizing interior decor to appeal to contemporary tastes.
  • Enhancing smart home features for added convenience.

Description

Discover the epitome of luxury living with this spectacular mansion in Mijas, Spain, offering panoramic views of the Mediterranean and surrounding mountains. This spacious villa, recently reduced in price from €3,650,000 to €2,950,000, combines elegance, expansive open spaces, and privacy in one of the most privileged areas of the Costa del Sol. Located between Malaga and Marbella, just minutes from charming Mijas Pueblo, this property is perfect for discerning buyers seeking exclusivity in Spain. The estate features a majestic entrance, high ceilings, and large windows that flood the interior with natural light. It boasts multiple living areas, including formal and cozy lounges, a bright dining space, and a fully equipped kitchen with large bay-windows and garden access. The main villa has three bedrooms, complemented by three additional bedrooms in the outdoor guest quarters, which include a kitchenette, fireplace, and balcony. Surrounded by lush tropical gardens with automatic irrigation, the estate offers numerous terraces, a white pergola with BBQ facilities, and a helicopter landing pad. The highlight is a stunning 12x20 meter pool with sun loungers, complemented by a separate guest house with two en-suite bedrooms, a lounge, and direct pool access. Additional features include fiber optic wiring, water storage, exterior lighting, and space for solar panels. With no community fees and a strategic location just minutes from Malaga airport, Marbella, and Fuengirola beaches, this Mijas property represents a unique opportunity for luxury buyers seeking tranquility and natural beauty in Spain.

Location

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