2BR apartment for sale in the south of Tenerife, Costa Adeje

Penthouse in Bouganvillas Just 5 Minutes from Fañabé Beach: A Unique Real Estate Opportunity

If you’re looking for a property on Tenerife’s southern coast that combines comfort, style, and a prime location, this penthouse in Bouganvillas may be just what you need. Whether you’re seeking a new residence or a rental investment, this property offers everything you could want. Located just five minutes’ walk from Fañabé Beach in Costa Adeje, and surrounded by essential services, it’s an opportunity you don’t want to miss.

Property Overview

This penthouse features a modern and functional design that makes the most of its space. It includes two bedrooms, ideal for a small family or holiday stay. The bathroom is newly renovated with high-quality finishes, ensuring both style and comfort. The open-plan living room and kitchen design offers a spacious feel, ideal for everyday life and socializing.

Additionally, the property boasts a large terrace, perfect for outdoor relaxation, sunbathing, or enjoying the views. The penthouse has been recently renovated and decorated, meaning it’s move-in ready or ready to start generating rental income immediately.

Prime Location

One of the key selling points of this penthouse is its proximity to Fañabé Beach, one of the most popular and beautiful beaches in Tenerife. A mere five-minute walk will take you to the ocean, where you can enjoy all the beach activities available. The property is also close to numerous restaurants, bars, shopping centers, and services such as beauty salons, cinemas, medical facilities, and hospitals.

This location makes it an ideal choice for both those looking for a permanent residence and investors seeking a property for vacation rentals. The area is highly sought-after by tourists, making it an attractive option for generating rental income.

Benefits of Living or Investing in the Penthouse

This penthouse is perfect for year-round living, offering a relaxed lifestyle in one of Tenerife’s best locations. It’s also an excellent investment opportunity. Thanks to its proximity to the beach and amenities, it has high potential as a vacation rental property, a booming market in the Canary Islands.

Since the property is fully renovated and ready for use, you can start renting it out right away. The demand for properties in Costa Adeje continues to grow, meaning its value is likely to increase over time, making it a solid investment.

Property Details

The penthouse is situated in a well-maintained community, with a low community fee of just €80 per month. The annual property tax (IBI) is €270, which is reasonable considering the location and amenities.

Surrounding Amenities

The area around the penthouse offers a wide variety of dining and entertainment options. Within walking distance, you’ll find restaurants, bars, and cafes offering a diverse range of cuisines. For shopping, a nearby shopping mall has everything you need, from fashion stores to supermarkets.

Transportation Options

The property is well-connected, with bus stops nearby and easy access to main roads linking Costa Adeje to other parts of the island. If you have a car, getting around will be a breeze, but for those who prefer walking or public transportation, all the essentials are just minutes away.

Advantages of a Complete Renovation

One of the standout features of this penthouse is that it has been fully renovated. This means you won’t have to worry about maintenance issues or upgrades for many years. The recent renovations include both structural and aesthetic improvements, ensuring a higher quality of life and durability.

Investment Appeal

If you’re an investor looking for a real estate opportunity in Tenerife, this penthouse is an excellent choice. The demand for vacation rentals in Costa Adeje is high year-round due to the island’s sunny climate and tourist appeal. With its prime location, you can expect high rental yields and a consistent flow of visitors.

Associated Costs

In addition to the monthly community fee and annual property tax, potential buyers should consider regular maintenance costs and rental taxes if planning to offer it as a vacation rental. However, thanks to its recent renovations, maintenance costs should be minimal in the early years.

Local Real Estate Market Trends

The real estate market in Costa Adeje has seen continuous growth in recent years. With increasing demand, especially for properties near the beach like this one, investing in this area is a smart decision. The supply of properties often struggles to meet demand, pushing property values upwards.

Lifestyle Near Fañabé Beach

Living near Fañabé Beach offers a lifestyle centered around outdoor activities and natural beauty. From hiking to water sports, or simply strolling along the coastal promenade, there’s plenty to enjoy. Plus, Tenerife’s year-round mild climate means you can make the most of these activities no matter the season.

Long-Term Investment

The appreciation of property values in Costa Adeje is a well-established trend, and with Tenerife’s growing popularity as a tourist destination, this trend is likely to continue. Purchasing this penthouse now not only guarantees a good return if rented out but also ensures long-term value growth.

Comparison to Other Properties

Compared to other properties in the area, this penthouse offers an exceptional value. Its recent renovations, combined with its location just minutes from the beach, set it apart from other properties that may require further investment or are less ideally situated.

Conclusion

This penthouse in Bouganvillas is a rare find, offering both an excellent living space and a lucrative investment opportunity. Its proximity to Fañabé Beach, the wide range of services in the area, and the fact that it is fully renovated and ready to rent make it an attractive option for buyers. Don’t miss the chance to view this property!

It has a discounted sale price of 365 000 euros with complete furniture. The penthouse has been completely renovated and is ready to move into or to achieve a high yield with a short-term rental as it has a tourist rental license.

FAQs

1. What is the size of the penthouse?
   • It features two bedrooms, one bathroom, an open living area with a kitchen, and a spacious terrace.
2. Is the property ready to move into?
   • Yes, the penthouse has been fully renovated and is move-in ready.
3. What are the monthly community fees?
   • The community fee is €80 per month.
4. How far is the beach?
   • The property is just a 5-minute walk from Fañabé Beach.
5. Is this property a good investment for vacation rentals?
   • Absolutely. Its location and condition make it highly desirable for vacation rentals.