Middle Floor Apartment · Puerto Banús
Exceptional Renovation Opportunity in Puerto Banús
€1,150,000Asking price · Ref. R5512591
Description
Exceptional Renovation Opportunity in Puerto Banús
An outstanding opportunity to transform a spacious 188 m² apartment into an elegant, bespoke residence in the heart of Puerto Banús, one of the Costa del Sol’s most exclusive and internationally renowned destinations.
Famous for its iconic marina, designer boutiques, fine dining restaurants and vibrant cosmopolitan atmosphere, Puerto Banús offers a distinctive Mediterranean lifestyle. Its beautiful beaches, prestigious golf courses and proximity to Marbella make it an ideal location for both permanent living and luxury holidays.
South-facing and enjoying attractive views of the sea and marina, the property stands out for its generous proportions and excellent renovation potential. The existing layout comprises an entrance hall, a spacious living and dining area with a fireplace, and a fully fitted kitchen with modern appliances and a separate utility area. There are two well-proportioned bedrooms with fitted wardrobes and two bathrooms, including an en-suite to the principal bedroom.
The generous floor area offers exciting possibilities for reconfiguration, with the potential to create a third bedroom or, alternatively, a spectacular walk-in wardrobe, adding a touch of luxury and functionality to the home. This is an opportunity to tailor the layout to suit the future owner’s individual needs and preferences.
The apartment benefits from hot and cold air conditioning, while the well-maintained building offers lift access and concierge service. One private parking space in the communal garage is also included, a particularly valuable feature in this sought-after location.
Ideally positioned to enjoy everything Puerto Banús has to offer, the apartment is within easy walking distance of the beach, marina, luxury boutiques, renowned restaurants, fashionable bars, supermarkets, pharmacies, banks and El Corte Inglés department store. This privileged setting allows residents to enjoy the area’s amenities and attractions without relying on a car for everyday activities.
Combining its generous floor area, south-facing orientation, sea and marina views, and versatile renovation potential, the property presents an appealing opportunity to create an exclusive permanent residence, a luxury holiday home or an investment with potential to add value through refurbishment.
A rare opportunity to create a bespoke home in one of the Mediterranean’s most desirable destinations, combining a prime location, generous living space and exceptional flexibility.
Any proposed reconfiguration to create a third bedroom or walk-in wardrobe would be subject to technical feasibility, compliance with applicable regulations, and any necessary licences and approvals.
Property Intelligence
Investment memo
Based on feed data only. Where information is not available we say so.
- Asking price
- €1,150,000
- Price per m² built
- €6,117 asking price ÷ listed built area
- Built size
- 188 m²
- Plot size
- Not applicable (apartment)
- Terraces
- Not provided
- Bedrooms
- 2
- Bathrooms
- 2
- Area
- Puerto Banús
- Location quality
- Assessed in a full memo on request.
- Rental potential
- Not assessed from feed data. Licensing, seasonality and costs are reviewed in a full memo.
- Liquidity considerations
- Sits in the deepest part of the prime market; resale demand is typically broad, with condition and location the main differentiators.
- Relative value
- We do not publish valuations or comparables we have not verified. A comparable set is prepared on request.
Why we like it
Our view is formed once we have viewed the property and reviewed its documentation.
What we would challenge
- Community fees, statutes and management quality should be reviewed before an offer.
- Asking price only: we form a view of value from verified comparables before recommending an offer.
What we would verify
- Registered versus cadastral areas for plot and built surfaces
- Licence of first occupation and legality of all structures
- Charges, encumbrances and ownership at the land registry
- Local taxes (IBI), community fees and any pending levies
Acquisition considerations
- Resale purchases in Andalusia are generally subject to 7% transfer tax (ITP); new-build purchases to VAT plus stamp duty. Notary, registry and legal fees are additional. Confirm with your lawyer.
- A private purchase contract with a deposit (often around 10%) normally precedes completion before a notary.
- Financing approvals should be secured before signing a deposit contract.
Financing example
How a buyer could potentially fund 100% of the purchase price without automatically selling investments.
- Property price
- €1,150,000
- Taxes, legal, notary and acquisition costs illustrative c. 10%
- €115,000
- Total acquisition requirement
- €1,265,000
- Traditional mortgage 50% of property price
- €575,000
- Portfolio-backed facility e.g. c. 70% of an eligible portfolio of c. €986,000
- €690,000
- Cash sale of investments required
- €0
Financing examples are illustrative and do not constitute an offer of credit. Availability depends on the client profile, collateral, property, jurisdiction and lender approval. Portfolio-backed lending may be illustrated at up to approximately 70% loan-to-value where suitable. Actual lending value depends on portfolio composition, concentration, volatility, liquidity, currency, jurisdiction and lender approval. Borrowing below the maximum leaves a buffer if markets fall. Mortgage approval depends on income, residency, property value and lender. How Smart Financing works.
Property information is supplied by owners, collaborating agencies and/or authorised data providers and is subject to verification. Availability, measurements, planning status and specifications may change and should be independently confirmed before acquisition. The exact address is disclosed privately.