Luxury 2-Bedroom Apartment in Las Olas Complex, Palm Mar
€449,000€5,282/m²
Palm Mar, Tenerife, Spain
2
bedrooms
2
bathrooms
85 m²
interior
85 m²
plot
Apartment
property type
Yesterday
listed
The Habio take
AI summaryThis luxury 2-bedroom apartment in the Las Olas complex offers modern living with two spacious terraces, ideal for outdoor enjoyment. Located in the tranquil Palm Mar area of Tenerife, it combines convenience with serene coastal living.
- beach
- coastal
- luxury
- garden
- quiet
Highlights
- Two spacious terraces
- Fully furnished for immediate occupancy
- Modern design with high-quality finishes
- Secure underground parking
- Close to beach and amenities
- Low community fees and property tax
Worth knowing
- No lift mentioned
- Limited parking spaces
- Community fees apply
Good fit for: Ideal for those seeking a modern coastal lifestyle in Tenerife.
Lifestyle scores
- Beach
- 80
- Walkable
- 75
- Remote work
- 70
- Family
- 60
- Retirement
- 75
- Airport access
- 70
- Investment
- 85
- Luxury
- 80
- Value
- 65
About this place
Discover a sanctuary of sophistication in this luxury 2-bedroom apartment nestled within the prestigious Las Olas complex in Palm-Mar, Tenerife. The apartment showcases modern design and comfort, presenting an open-plan living area filled with natural light that seamlessly transitions into a fully equipped kitchen, perfect for both relaxation and entertaining.
Each bedroom is generously sized, featuring a master suite with an en-suite bathroom. Modern showers in both bathrooms provide a sleek, functional space. The tasteful décor and high-quality furnishings lend an air of understated luxury throughout the residence.
Step outside to enjoy two distinct terraces. The front terrace, warmed by the morning sun, offers a lovely space for breakfast, while the expansive rear terrace, over 50 square metres, is perfect for gatherings and relaxation. This outdoor area extends the living space and invites you to bask in the Tenerife sunshine.
Built in 2015, the Las Olas complex provides residents with a range of modern amenities, including secure underground parking, a dedicated storage room, and air conditioning for year-round comfort. With low community fees and property taxes, it represents a cost-effective investment. The apartment is ideally located just a short walk from local bars, restaurants, and the beach, providing a vibrant atmosphere combined with the peaceful charm of Palm-Mar.
What this place offers
- air conditioning
- parking
- terrace
- garden
- furnished
- storage
Where you’ll be
Palm Mar, Tenerife, Spain
Location is approximate — exact address is confirmed by the agent.
Open in Google MapsBuying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
- 1
Get an NIE
Apply for the foreign-resident tax number at a Spanish consulate, police station, or via a representative with power of attorney.
- 2
Open a Spanish bank account
Needed for the deposit, taxes, mortgage payments, and utilities.
- 3
Engage an independent lawyer
Lawyer runs title, debts, planning, and community-of-owners checks — the notario will not.
- 4
Reservation contract
Small deposit (€3,000–€10,000) takes the property off the market while due diligence runs.
- 5
Sign the contrato de arras
Private purchase contract with a 10% deposit. If the buyer pulls out they lose it; if the seller pulls out they pay double.
- 6
Sign the escritura pública
Final public deed signed before a notario; balance and taxes paid; keys handed over.
- 7
Register the property
Lawyer registers the deed at the Registro de la Propiedad and arranges utility and IBI transfers.
Spain ended its Golden Visa property route in April 2025. Non-resident mortgages are widely available, typically 60–70% LTV. Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax. Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
