New Build 3-Bedroom Penthouse in Islas Menores-Mar de Cristal
Islas Menores Mar De Cristal, Cartagena · Murcia
3 Bed2 Bath175 m²Energy: G
Description
This 3-bedroom penthouse in Islas Menores-Mar de Cristal occupies the top floor, with 175 m2 of interior space and 2 bathrooms. Islas Menores-Mar de Cristal is a residential area within Cartagena. The closest airport is 20 min (Málaga AGP). The price of EUR 595,000 works out to EUR 3,400 per square metre. The energy rating is G. Parking is included. A storage room comes with the property. The building has a lift. As a new build, buyers pay 10% IVA (VAT) instead of transfer tax. Residents share a communal swimming pool. A private solarium offers open-air relaxation.
Features
- Communal pool
- Solarium
- Parking
- Lift
- Storage room
- Underground parking
- Security
- En-suite bathroom
- Utility room
Property Details
| Property Type | Penthouse |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Built Area | 175 m² |
| Floor | 4 / 4 |
| Energy Certificate | G |
| Reference | 52129043-05 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
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Location
Islas Menores Mar De Cristal, Cartagena · 37.6398, -0.7713
About Islas Menores Mar De Cristal, Cartagena
Cartagena is one of the most popular destinations on Spain's Costa Blanca for international property buyers. With over 300 days of sunshine per year, excellent healthcare facilities, and a large expat community, the area offers an outstanding quality of life.
Frequently Asked Questions
What are the total purchase costs?
For this new build at EUR 595,000, you will pay 10% IVA (EUR 59,500), stamp duty of 1.5%, notary fees around EUR 1200, land registry approximately EUR 800, and legal fees of about EUR 7,200. Total estimated costs come to approximately EUR 77,625.
Can I get a mortgage?
Non-resident buyers can typically borrow up to 60-70% of the purchase price. For this penthouse at EUR 595,000, a 60% mortgage would be EUR 357,000, requiring a deposit of EUR 238,000. At current variable rates around 4%, monthly repayments over 25 years would be approximately EUR 1884. Spanish banks require proof of income, tax returns, and a credit report from your home country.
What are the running costs?
Annual running costs for this penthouse include: IBI property tax is estimated at EUR 500-900 per year; community fees are typically EUR 40-100 per month for apartments in Cartagena; home insurance runs EUR 200-400 annually; utility bills (electricity, water, internet) average EUR 150-250 per month. Non-resident owners also pay annual income tax (IRNR) on a deemed rental value, typically EUR 300-600 per year for a property at this price level.
How can I arrange a viewing?
Contact Marco Elsinger to arrange an in-person viewing of this penthouse in Islas Menores-Mar de Cristal. Video viewings are also available for overseas buyers who cannot visit immediately. Viewings can usually be arranged within 24-48 hours.
Is this a good rental investment?
Cartagena is primarily a residential area. Long-term rentals are more common than holiday lets. A 3-bedroom penthouse could appeal to long-term tenants, especially retirees or workers. Rental income is subject to Spanish tax for non-residents. Consult a local agent for current demand levels.
What is the buying process in Spain?
The Spanish buying process starts with obtaining an NIE (foreigner identification number). After agreeing a price, you sign a reservation contract with a deposit (typically EUR 3,000-6,000). The next step is the arras contract, where you pay 10% of the price. Completion takes place at a notary, where the escritura (title deed) is signed and the balance paid. The whole process typically takes 6-10 weeks from reservation to completion.
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Co-founder of OceanHome. Helping international buyers find their dream property in Spain since 2004.
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Key Details
- Type
- penthouse
- Bedrooms
- 3
- Bathrooms
- 2
- Build Size
- 175 m²
- Energy Rating
- G
