Active ID: 110162907 Casco Histórico

Flat / apartment for sale in Paseo Esplanada d'Espanya, 4

4 Bed • 3 Bath • 226 m² • Floor 5

€1,350,000

AI Analyst
Long-term Rental

"Prime 226 m² historic apartment on Alicante’s Explanada offers panoramic marina views, abundant natural light, and architectural prestige—an exceptional asset for high-end rental or long-term appreciation in a landmark location."

Negotiation Leverage Balanced
Value Add Modernize bathrooms and kitchen to luxury standard
Pros
  • Unmatched sea and marina views from a prestigious address
  • Large, flexible floor plan with high ceilings and abundant light
  • Historic building with elevator and architectural significance
Cons
  • High entry price limits yield and narrows tenant pool
  • Potential need for interior modernization to meet luxury rental standards
  • Parking not included; additional €75,000 cost for nearby space
Description

EXPERIENCE THE ESPLANADE. LIGHT, HISTORY, AND SEA ON THE FRONT LINE OF THE PORT OF ALICANTE Experience the privilege of waking up in front of the Alicante Marina, right on the Explanada de España, as part of one of the city's noble and historic buildings. We present a unique and unrepeatable property, located in one of the most emblematic buildings on the promenade, designed in the early 20th century by the prestigious architect Juan Vidal. This building marked a milestone in Alicante as it was the first residential building with direct access from the Explanada and one of the first to have an elevator, a symbol of modernity and distinction in its time. With a facade of more than 15 linear meters, the house enjoys open and spectacular views of the sea, the beach, the marina and the Explanada. Its double orientation, towards the promenade and towards San Fernando street, guarantees something exceptional today: abundant natural light throughout the day and cross ventilation. The ceilings of more than three meters high provide a feeling of spaciousness, elegance and character difficult to find. The large living-dining room, presided over by a fireplace, becomes a privileged space to enjoy the Mediterranean from home. The kitchen, spacious and bright, has large windows that reinforce that constant feeling of light and openness. The house has 226 m² built, currently distributed in five bedrooms and three full bathrooms, offering multiple possibilities both for a high-level family residence and for a representative property. Located on a fifth floor with southwest orientation, light is, without a doubt, one of the great protagonists of this house throughout the year. There is the possibility of acquiring a parking space in the immediate vicinity for an additional €75,000, an added value in this exclusive location. A property for those looking for location, history, prestige and views, and want to be part of the noblest architectural legacy of Alicante, living in front of the sea and in the heart of the city.

Features
Elevator
Terrace/Balcony
Air Conditioning
Parking
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €1,350,000
Taxes (ITP 10%) + €135,000
Notary Fees + €11,340
Registry Fees + €4,320
Gestoría Fees + €4,050
Valuation + Other + €339

Total Investment €1,505,049
Est. Monthly Rent €4,897/mo
Est. Annual Rent €58,760/yr

Est. Yield 3.9%
Days on Market
74
First seen
2025-12-19
View on Idealista