Nathan op Tenerife
Listing N° 79  ·  Filed 11 February, Icod de los Vinos

Casa del Drago, Icod de los Vinos.

3 bed · 1 bath164 m² + 12 m² terraceBuilt 1998Lift · 2nd floor
Asking  ·  My target
435,000 / €412k
See the thesis
Or book a viewing directly →
Plate I  ·  South terrace, late afternoon
Photograph by the editor
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

Restored Canarian townhouse with a patio. Not for everyone — but the right family, once in a decade.

Verdict
Worth a look. Move this month.
Market context · Canarias (QIV 2025)
Canarias prices 6.8% higher than a year ago — market running hot.
1-year
+6.8%
5-year
+26.4%
vs peak
6%
QIV 2025
source: INE Índice de Precios de la Vivienda (base 2015 = 100)

Walked with Andrés, my builder, on the tenth. The building is older than the listing suggests, but looked after — plumbing redone 2018, same administrator since 2015.

Not in the listing: the kitchen extractor isn't to code, and one window frame needs replacing within five years. Together about €2,400.

My read: open at €407k, settle at €412k. Listing's been up nineteen days, nothing comparable on this block has sold below €378k in twelve months. You're not overpaying.

By the numbers
Listed
€435,000
€2,652 / m²
My target
€412,000
5.3% under asking
Community fee
€95 / mo
Bank-audited accounts
Pending derrama
None
Minutes through 2027
The true cost, at my target
Purchase price
€412,000
ITP — 6.5% Canarias
€26,780
Notary
€1,450
Land registry
€680
Gestoría
€600
My fee — 1.5%
€6,180
All-in, done
447,690
The location
Icod de los Vinos · NorthOpen in Google Maps →

Where this one sits.

Icod de los Vinos, North Tenerife.

Beach1.2 km
Supermarket414 m
School384 m
Hospital285 m
Airport37.8 km
From the editor
Nathan Derkse, editor
A note

“If you'd like me to walk this apartment with you — on video, or next week in person — send me a message. Twenty minutes, and we'll know whether it's the one.”

Nathan