Penthouse With 140 M² Roof Terrace At Las Olas, Palm Mar

A 140 m² roof terrace over 91 m² of interior space defines this penthouse at the Las Olas residence in Palm-Mar, presented by DOM Tenerife Real Estate. Two bedrooms, two bathrooms, third floor, fully furnished.

The residence

The 91 m² of built area are laid out across two bedrooms and two bathrooms, east-facing. The property is delivered fully furnished with a fitted kitchen, ready to occupy without further work or expenditure. It sits on the third floor and the building has a lift.

What distinguishes this property is the ratio between inside and out: 140 m² of roof terrace against 91 m² of interior. That proportion is uncommon, and it means the outdoor space is not an add-on but the principal room of the house.

The roof terrace

The roof terrace is furnished with recently installed modern furniture and looks out over the communal pool. With 140 m² available, genuine zoning becomes possible: outdoor dining, a lounging area and a sun deck can coexist without competing for space. In the southern Tenerife climate, that surface works twelve months a year.

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The Las Olas complex

Las Olas is recognisable for its undulating architecture, finished in mosaic throughout the building — a visual language that sets it apart from conventional residential stock in the area. The complex has a communal pool 130 metres in length, an unusual dimension that puts it closer to a resort water feature than a standard community pool.

The setting: Palm-Mar

Palm-Mar is a small residential settlement in the municipality of Arona, sitting at the end of its own access road. It is not on the way to anywhere else, and that defines its character: tourist density is markedly lower than in Los Cristianos or Las Américas, and the resident profile is international and settled.

The settlement is bordered to the west by the Malpaís de la Rasca Special Nature Reserve, a protected area of volcanic lava fields crossed by coastal footpaths leading to the Rasca lighthouse. Being protected land, nothing can be built on it: the western horizon of Palm-Mar will not change. That is a structural guarantee rather than a sales promise.

The beach is around a ten-minute walk. The settlement has a supermarket, pharmacy and local restaurants, and Los Cristianos is a few minutes by car. You can browse the rest of our portfolio on the southern coast.

As an investment

The outdoor space is the central argument: 140 m² of terrace on a two-bedroom penthouse is scarce stock, and scarcity protects price through weaker cycles. Added to that is the physical limit of the settlement, contained between the nature reserve and the coast, which structurally caps future supply.

Community fees run at approximately €170 per month and IBI at roughly €500 per year. If you would like to understand the tax framework and the purchase procedure as a non-resident, our Buyer’s Guide sets out the full process.

Frequently asked questions

How many bedrooms and bathrooms does it have?

Two bedrooms and two bathrooms, on the third floor with lift access.

How large is the terrace?

140 m² of roof terrace, over 91 m² of built area.

Is a parking space included?

Yes. The price includes one underground garage space and a storage room.

Is it sold furnished?

Yes, fully furnished with a fitted kitchen.

What is the complex pool like?

It is a communal pool 130 metres in length.

What are the running costs?

Community fees around €170 per month and IBI approximately €500 per year.

Let’s talk about this property

We will send you the full dossier with floor plan, areas and terms. DOM Tenerife — Buy safely.

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