R4994794, Apartment Penthouse in Puerto Banús
Ref # : R4994794
For sale € 340,000
Nestled within the exclusive Atalaya de RÃo Verde community, this stunning penthouse duplex is a rare findâfully renovated, move-in ready, and offering the potential to add a second bedroom and bathroom. With neighboring units reaching up to... Step into one of Marbella's best-kept secrets â a beautifully renovated 1-bedroom, 1-bathroom duplex located in the ultra-exclusive, gated enclave of Atalaya de RÃo Verde, known as Marbella's "Mini-Beverly Hills." Offered at just â¬340,000, this property is priced far below the only three other homes currently for sale in the community, listed at â¬690,000, â¬825,000, and â¬1.2 million.
Currently used as a short-term rental, the property generates around â¬30,000 per year in gross income. However, after accounting for management fees, frequent guest turnover cleanings, linen replacement, utility bills, internet, licensing, and booking platform commissions, the net income drops to approximately â¬1,166â1,333 per month. That equates to a net annual return of â¬14,000â16,000 â an ROI of roughly 4.1%â4.7%.
In contrast, similar 1-bedroom homes in this area rent long-term for â¬1,600â1,800 per month, with minimal running costs. This delivers a net return of approximately â¬19,200â21,600 annually â an ROI of 5.6%â6.3%, with significantly less effort, risk, and cost.
There is also an easy opportunity to convert the property into a 2-bedroom, 2-bathroom layout increasing the value, while also increasing long-term rental potential to around â¬3,000 per month. This would result in approximately â¬36,000 annual income and an ROI of over 10% â more than doubling the return of short-term letting, with none of the hassle.
The home features a modern open-plan living space, a sleek kitchen, and a private terrace overlooking Marbella's most luxurious villas. Upstairs is the ensuite bedroom with its own terrace, and a spacious rooftop solarium with garden views, a shower, and space to add an additional bedroom and bathroom.
Located just 1 km from Puerto Banús and the Golden Mile, and set in a lush, gated community with a pool, this property offers exceptional value, income potential, and location in one of Marbella's most exclusive addresses.
Contact us today to arrange your private viewing.
Base Information
Bedrooms: 1
Bathrooms: 1
Square feet: 80.00
General Amenities
New Construction
Excellent
Recently Renovated
Recently Refurbished
Community Amenities
Private
Communal
Street
Exterior Amenities
Communal
Landscaped
Easy Maintenance
Interior Amenities
Air Conditioning
Hot A/C
Cold A/C
Fully Fitted
Kitchen-Lounge
Fully Furnished
Landscape Amenities
South
South East
South West
Garden
Town
Close To Port
Close To Shops
Close To Sea
Close To Town
Close To Schools
Close To Marina
Urbanisation
Urban
Port
Courtyard
Suburban
Security Amenities
Communal
Covered Terrace
Storage Room
Double Glazing
Alarm System
Fitted Wardrobes
Private Terrace
Utility Room
Ensuite Bathroom
Entry Phone
Electricity
Drinkable Water
Investment
Luxury
Contemporary
Near Transport
Solarium
WiFi
Gated Complex
Electric Blinds
24 Hour Security
Telephone
Holiday Homes
Resale
Near Church
Bargain
Reduced
Cheap
Near Mosque
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