Global Tenerife
Listing N° BD · La Orotava, North

Casona BIC La Orotava — Calle Nicandro González Borges

La Orotava, North · Tenerife
10 bed · 7 bath722 m² built523 m² plotBuilt 1900Villa
Asking  ·  My target
€1,425,000
01 / 20
In this feature
Ch. I
The take
Ch. II
The numbers
Ch. III
The plates
Ch. IV
The location
Nathan's take
The honest note

A historic mansion right in La Orotava's old town — 722 m² across two floors with a 523 m² garden, ten bedrooms, a central courtyard, and a rooftop with views over the Atlantic. Officially listed as a heritage building. Currently running as a boutique guesthouse with the vacation rental licence already in place. Asking €1.425M is roughly fair for an old-town mansion of this size, but realistically the price would need to come down to around €1.09M to sell in normal time. This kind of property is slow to move — 18 to 24 months on the market is the rule, not the exception. The right buyer here is someone running a boutique hotel or buying for legacy, not a typical homeowner.

My verdict
Worth a look
Listed about 41% above what it’s worth. Plenty of room to negotiate.
What to offer
Listed about 41% above fair value. The seller is asking too much — we negotiate from fair, not from asking.
Stretch offer
Slightly below fair value. Tests how flexible the seller really is.
€960,000
Realistic offer
Right at fair value. Defensible — what the property is actually worth.
€1,010,000
Don't pay more than
Above this, you're overpaying by enough to wipe out the value. Better deals exist.
€1,090,000
Days on market1 day · since 26 Apr 2026
Square-metre mismatch — verify before bidding

The listing says 722, but the official tax record says 501 (+44% difference).

In Spain, three different numbers can disagree: the tax record, the deed, and the building as it actually stands. A 44% gap usually means an extension that was built without permission, an old record that was never updated after a renovation, or the listing simply exaggerating. Get the deed checked before you make an offer — the fair-value number we show uses the smaller, official figure to be safe.

What I saw on the viewing.

A historic mansion right in La Orotava's old town — 722 m² across two floors with a 523 m² garden, ten bedrooms, a central courtyard, and a rooftop with views over the Atlantic. Officially listed as a heritage building. Currently running as a boutique guesthouse with the vacation rental licence already in place.

Asking €1.425M is roughly fair for an old-town mansion of this size, but realistically the price would need to come down to around €1.09M to sell in normal time. This kind of property is slow to move — 18 to 24 months on the market is the rule, not the exception. The right buyer here is someone running a boutique hotel or buying for legacy, not a typical homeowner.

If you bought it today
Fair value
€1,011,000 (similar homes price at fair — the rental income justifies it, no discount needed)
Listed at €1,425,000 sits €414,000 above fair — that's the negotiation room.
What you actually pay to buy ≈ €1,546,000 (the price plus taxes, notary, registry, and my fee).
Super
+7.3% / yr
Break-even at 2 years
10-yr net to seller: €2,770,000 · total return +€1,224,000 (+79.2%)
5-yr: €1,947,000 · +25.9%
Tourism + supply tightness continues. Top-quartile of historical years.
Okay
+5.0% / yr
Break-even at 3 years
10-yr net to seller: €2,218,000 · total return +€672,000 (+43.4%)
5-yr: €1,742,000 · +12.7%
Long-run Canarias trend. What the median year has looked like.
Moderate
+4.2% / yr
Break-even at 3 years
10-yr net to seller: €2,068,000 · total return +€522,000 (+33.8%)
5-yr: €1,682,000 · +8.8%
Soft cycle. ECB tightening or local oversupply. 30th percentile.
Bad
+2.7% / yr
Break-even at 5 years
10-yr net to seller: €1,782,000 · total return +€236,000 (+15.3%)
5-yr: €1,561,000 · +1.0%
Recession or tourism shock. Bottom-decile of historical years.
Crash (2008-style)
-2.0% / yr
10-yr return -€337,000
Honest worst-case: replays the actual Spanish 2008–2018 cycle. Sharp decline then slow recovery. Most buyers stay underwater for years.
Scenarios anchored on the last 10 years of Canarias INE IPV YoY observations (post-2008-crash regime). Bad = 10th percentile, Moderate = 30th, Okay = median, Super = 75th. Buy-side costs 8.5% (ITP + notary + registry + buyer's-agent fee); sell-side costs 4% (agency + plusvalía).
Market context · Canarias
QIV 2025
Canarias prices 11.0% higher than a year ago — market running hot.
1-year
+11.0%
5-year
+49.6%
vs peak
100%
QIV 2025
Source: INE · Spanish Housing Price Index (IPV) · 2015 = 100
By the numbers
Listed
€1,425,000
€1,974 / m²
My target
€1,090,000
23.5% under asking
Community fee
N/A
Standalone — no homeowners' association
Pending special assessment
N/A
Standalone — no homeowners' association
The true cost, at my target
Purchase price
€1,090,000
ITP — 6.5% Canarias
€71,000
Notary
€1,450
Land registry
€680
Gestoría
€600
My fee — 1.5%
€16,000
All-in, done
€1,180,000
Mortgage, indicative
From
€4,326/ month
via Sabadell · €498,750 deposit · 25y
10 banks · 12m Euribor 2.723% · April 2026 · non-binding
The plates
Plate II
Plate III
Plate IV
Plate V
Plate VI
The location
La Orotava · NorthOpen in Google Maps →

Where this one sits.

La Orotava, North Tenerife.

Nearest beachPlaya de San Juan5.7 km · 14 min drive
Second beachPlaya El Bollullo6.5 km · 15 min drive
SupermarketMercadona137 m · 2 min walk
PharmacyLcda Dña María Del Pilar García Darias238 m · 3 min walk
Restaurants & cafés20 within 500 m
HospitalHospital Quirónsalud Vida - Urgencias3.1 km · 9 min drive
Shopping mallMinicentro La Carrera278 m · 2 min drive
MarinaPuerto Deportivo La Galera45.2 km · 41 min drive
Golf courseGolf La Rosaleda4.0 km · 9 min drive
AirportAeropuerto Tenerife Norte (TFN)28.9 km · 25 min drive
A word from Nathan
Nathan Derkse
Nathan Derkse
Buyer's agent
A note

“If you'd like me to walk this property with you — on video, or in person on your next trip — send me a message. Twenty minutes is usually enough to know whether it's the one.”

Nathan