4.3% Gross rental yield4.3% Gross rental yieldPalmera Sky in Playa San Juan, Santa Cruz de Tenerife. 3-bed penthouses, 149 m², 4.3% gross yield. New-build property by the sea in Spain — €570,000.
This new-build is in Playa San Juan, Santa Cruz de Tenerife (Canary Islands). The nearest airport is TFS, convenient for lettings and personal visits. Strong local infrastructure, beaches and tourist demand support steady occupancy.
Buying in Playa San Juan on Tenerife means choosing the calm, still-authentic south-west of the island: a former fishing village with no high-rises, a long promenade and far less tourist crush than nearby Los Cristianos. The selection holds 4 new-builds, apartments and penthouses.
A black volcanic-sand beach, a fishing port, the upscale Abama resort and golf nearby, a calm promenade and proximity to Tenerife South airport (~20–25 minutes). Infrastructure is more intimate than Costa Adeje, but everything needed is close.
New-build in Playa San Juan →Estimated gross rental yield is 4.3%. This is an off-plan unit: pay in stages during construction, completion 2026 Q2. Buy at today’s price and complete at market value.
Worked through on this property’s real numbers: price €570,000, estimated gross yield 4.3%.
Net estimate: ~30% deducted from gross rent for non-resident tax, vacancy and management. A guide, not a guarantee.
Pre-filled with a €570,000 price and a 35% deposit. Adjust the inputs to your situation.
Loan €370,500 with a €199,500 deposit.
Indicative. Excludes bank arrangement fees, valuation and mandatory insurance. Confirm terms with the bank.
On top of the price, budget 10–14% for taxes and fees: VAT or transfer tax, notary, registry, lawyer. For €570,000 that is roughly €57,000–€79,800.
Get an exact figure in the costs calculator →
Under construction · 2026 Q36.2% yield
Off-plan · 2027 Q24.1% yieldUnder construction · 2026 Q34.9% yieldOff-plan · 2026 Q44.8% yieldUnder construction · 2026 Q24.3% yield
Key-ready · Completed4.3% yieldOff-plan · 2027 Q24.3% yieldUnder construction · 2026 Q24.2% yield