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Penthouse 105 м² in Esentepe, Cyprus

ID 4OjP7
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Area
105 m²
Bedrooms
3
Bathrooms
2

Description

Penthouse in Northern Cyprus. City - Esentepe

North Cyprus real estate by the sea — a spacious 3+1 apartment with a large rooftop terrace in Esentepe, located just 300 metres from the Mediterranean Sea. The property is situated in the prestigious Sea Magic Premium residence, developed by Carrington. The fully furnished apartment is ready for comfortable living or rental and may be of interest to those looking for an apartment in North Cyprus by the sea, real estate in Esentepe or investment property in North Cyprus.


The apartment has a well-thought-out layout: a bright living room with an open kitchen, three bedrooms and two bathrooms. The space is suitable both for permanent residence and for holidays in North Cyprus.


The main advantage of the property is the spacious covered rooftop terrace with panoramic sea and mountain views. Here you can set up a relaxation area, dine outdoors or spend time with friends, enjoying nature and the Mediterranean climate.


Residents of Sea Magic Premium have access to a variety of amenities: swimming pools, SPA, fitness room, restaurant and well-maintained grounds. Thanks to its location in Esentepe, close to beaches and a golf club, the apartment is suitable both for personal use and for rental and investment in North Cyprus real estate.



Key features:


  • 3 bedrooms;




  • 2 bathrooms;




  • open kitchen and bright living room;




  • large rooftop terrace;




  • panoramic sea and mountain views;




  • fully furnished;




  • about 300 m to the sea;




  • swimming pools, SPA and fitness room on site;




  • restaurant and landscaped common areas;




  • close to beaches and a golf club;




  • suitable for living, holidays and rental.




When purchasing real estate - VELES Property provides assistance with obtaining a residence permit and a bank account in North Cyprus


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Characteristics

Property type
Residential Properties
Number of rooms
3
Object type
Penthouse
Price
324 119 $
Year of construction
2018

Infrastructure

  • Fitness center
  • Open pool
  • Cafeteria

FAQ

How can I get a residence permit by buying property in Cyprus?

In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Esentepe; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Is a mortgage available for non-residents in Cyprus?

Banks in Cyprus finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

What taxes and fees apply when buying in Cyprus?

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

How is the title checked in Cyprus?

A title search at the land registry of Cyprus takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Can I rent out property after purchase in Cyprus?

Yes. Rental income tax is 5–25% depending on the regime. In Esentepe short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Is a property inspection recommended before purchase?

Yes. An inspection costs about 0.5–1% of the price (324 119 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

How long does the purchase process take in Cyprus?

A typical transaction runs 30–90 days, averaging 45 in Esentepe: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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Penthouse with 3 bedrooms in Esentepe, Cyprus