Estrella del Sur, Palm Mar, Tenerife, Spain
Tenerife, Spain
Guide Price
$574698
€499000 EUR
PROPERTY TYPE
house
BEDROOMS
3
Description
Clear Blue Skies is delighted to present for sale this very attractive three bedroom townhouse, set on the small complex of Estrella del Sur located close to the sea in the idyllic town of Palm Mar. Palm Mar is a lovely coastal resort located only a short distance from Los Cristianos,...
Location
Open in Google MapsLiving in Tenerife
The largest Canary Island offers year-round warm weather, with the south coast averaging 22-28°C even in winter. Cost of living is noticeably lower than mainland Spain, and there's a large British and German expat community, particularly around Los Cristianos and Costa Adeje. The volcanic landscape is dramatic, healthcare is good, and it's a popular base for digital nomads and retirees.
Morning coffee in sun-drenched plazas, afternoon siestas, and late-night tapas with neighbors who become family while the rest of Europe shivers through winter.
Visa
Digital Nomad Visa — requires remote work for a non-Spanish company (3+ months tenure), min ~€2,850/mo income, and a degree or 3 years experience. Valid 1 year, up to 3 years. Special 24% flat tax rate. Non-Lucrative Visa suits retirees and those with passive income (€28,800/yr, no work allowed).
Learn more: The Complete Guide to Moving to Spain→Key Fact
Spain offers a special "Beckham Law" flat tax rate of 24% for digital nomad visa holders for up to 6 years, compared to progressive rates up to 47% for regular residents. This is a major financial advantage.
Learn more: Portugal vs Spain: Which Is Better for Americans?→Spain at a glance
How Spain scores for American expats
Cost of buying in Spain
Estimated fees and ongoing costs for this property
Closing Costs
10-15% of purchase price (one of the highest)
- ·Transfer tax: 6-10% (varies by region)
- ·Notary: 0.5-1%
- ·Land registry: 0.5-1%
- ·Legal fees: 1-1.5%
Annual Costs
Property Tax
0.3-1.1% of cadastral value (IBI)
Insurance
€300-600/yr
HOA / Condo Fees
€50-200/mo for apartments (comunidad)
Good to Know
Agent Fees
Seller pays (3-5%)
Foreign Buyer Note
Foreign buyers need an NIE (tax ID number). Apply at Spanish consulate or police station in Spain. Processing: 2-6 weeks.
Legal help in Spain
Hire your own attorney — not the seller's. We'll match you with a vetted local lawyer.
Need a local attorney in Spain?
We'll connect you with an independent, English-speaking real estate attorney experienced with foreign buyers. Not the seller's lawyer — yours.
Contact Agent
Clear Blue Skies Group S.L.
Clear Blue Skies Group S.L., Tenerife
Next steps for moving to Spain
Interested in this property? Here's how to move forward.
Understand the buying rules
Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.
Sort out your visa
Owning property doesn't give you the right to live there. Research residency options before you buy.
Plan your finances
Understand currency risk, international wire transfers, and whether you can get a local mortgage.
Know your tax obligations
US citizens are taxed on worldwide income. You'll need to file US taxes from abroad and may owe local taxes too.
Set up healthcare
Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.
Run the full checklist
Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.
Rightmove Overseas
61000
EUR