Montaña 23, Noord, Aruba

Noord — ABC Islands, Caribbean

$699k · 4 bed · 3 bath · 7.1% net yield

Move-in ready 342m2 luxury estate set across two sprawling parcels totaling 796m2 of rare freehold property land in the quiet, highly sought-after neighborhood of Montaña, Noord. Beautifully enclosed by a high perimeter wall, Casa Tino & Mila offers a seamless blend of spacious family living and high-yield short-term rental potential. The primary residence features a bright, well-proportioned layout with 3 bedrooms, 2 bathrooms, an integrated TV room, and a private home office. Beyond the main home lies a fully detached guest suite with a private bathroom, ideal for generating immediate rental

Price
$699,000
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Montaña 23, Noord, Aruba

Noord · Aruba · Ref BF-171229025Source · Kermit Real Estate · listed 23 Sept 2026
Asking price
$699,000
Net yield
7.1%
Fully managed · Non-resident tax
Bedrooms
4
Bathrooms
3
Built area
342 m²
Land
796 m²
Brixfox Score 87 · AFinancial analysis ↓
Financials

What it earns, what it costs to own, and the net yield

Financial analysis
· Brixfox Standard · Non-resident · Fully managed
Fully managed is the Brixfox Standard shown on every card: a full-service manager's commission, charged on top of the Airbnb/Booking channel fees (not the cleaning cost — changeovers are funded by guest cleaning fees; you bear the residual). Self-managed drops the commission; the channel fees stay, because the platform is paid whoever manages, and you pay staff/local operations, a higher cleaning residual and your own time directly. Both scenarios divide the SAME gross revenue — the toggle changes the cost stack, not the revenue. That revenue is observed from actively-operated comps, so self-managed assumes you match their performance.Both scenarios share the same projected revenue — the toggle changes who runs the property and what that costs, not what it earns.
Net yieldNet operating income ÷ all-in investment. After local operating taxes; before home-country personal tax and financing costs. Modelled from observed market performance of comparable Airbnb listings.
7.1%
$53,731 net operating income /yr
Gross yield · all-in basis
18.3%
−11.2 pts in operating costs & local taxes
Before tax in your home country and financing costs. Estimates, not financial advice.
Modelled from Airbnb listings we track across Noord — live calendar data.

No Airbnb match on file

We have not confirmed this exact property on Airbnb, so it carries no operating history here. The figures above rest on the comparable set — a launch scenario, not a track record.

Revenue assumptions

Derived from the comparable Airbnb listings below. The headline ADR is the expected BOOKED rate — nearby asking prices corrected by our measured, market-calibrated asking-to-booked factor. Occupancy is calibrated against tracked reference homes nearby. Comp cards below show raw asking prices.
Expected ADR
$807
Expected booked rate (market-calibrated)
Expected occupancy
47%
Full-year estimate, market-calibrated
Projected annual revenue
$139,713
ADR × occupancy × 365

Investment basis

The true all-in acquisition cost — asking price plus purchase costs, renovation and furnishing. Every yield on this page is computed against this total, not the asking price.
Adjust the figures to your deal — yields recalculate live.
Purchase price· asking
$
Acquisition costs· 7.0% of price, auto-calculated
$48,735
Transfer tax (overdrachtsbelasting)$37,750
Notary fee$10,485
Land registry (kadaster)$500
Buyer-side agent fee· paid by the seller$0
Renovation budget· no measured ABC Islands basis — enter your own quote
$
Furniture & STR launch
$
All-in investment
$761,715
+9.0% over asking
Fully managed scenarioSwitch the scenario with the toggle at the top of the financial analysis — it drives every figure in this section. Gross revenue is identical in both scenarios (the comps' observed performance); the Villa Scorecard and risk panels elsewhere on the page always quote the fully-managed Brixfox Standard.
Gross annual revenue
$139,713
Rental management
−$29,339
Booking channel fees
−$5,589
Running costs (cleaning, utilities, upkeep, insurance, supplies)
−$27,943
Land tax (grondbelasting)
−$4,194
Income tax on the letting profit
−$18,917
Net operating income
$53,731/yr
Net yield on all-in investment
7.1%

Income tax is Aruba's 2026 table on the net letting profit, and the land tax is the non-resident grondbelasting on the value. Financing is not modelled.

Rental yield + value growth

Your net rental yield plus a yearly rise in the property's market value (land and building) that you choose. Value growth is an assumption, not data — which is why it starts at 0% and is kept out of the yield figures above.
Property value growth per year · your assumption0%
0%4% · Noord 5-yr avg — historical, not a forecast8%
Yield + value growth
7.1%/yr
7.1% net yield + 0% value growth
Value growth figures are illustrative only. Past regional price growth does not predict future performance; local supply, regulation and currency moves can materially change outcomes. Not financial advice.

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Evidence

Where it sits, and who confirms it

Comp table: Market evidence ↑ in Financials

Location

Approximate area

Noord · Aruba

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Verdict

Score, and what could go wrong

Same net-yield basis as the financial analysis

Brixfox Score

87A
LocationAverage
Emerging or secondary location
Rental YieldStrong
7.1% net yield on all-in cost
OccupancyAverage
47% average occupancy
Nightly RateStrong
$807 per night
Visual AppealWeak
3/10 visual appeal
Size & SpaceStrong
796 m² land area
TenureStrong
Freehold (eigendom) as stated in the listing
Strong net yield at 7.1% (fully managed, on all-in cost) — outperforms most villas in this market
Premium nightly rate of $807 — positioned in the top tier
Generous 796 m² land — room for expansion or amenities
Secondary location — rental demand may be lower than premium areas
Occupancy at 47% — factor in seasonal gaps

Solid potential with some areas to watch. The strong rental yield offsets the weaker location.

Risk & what-if

ScenarioOccupancyNet income /yrNet yield
-17 pts occupancy30%$37,3524.9%
-7 pts occupancy40%$46,7496.1%
Expected47%$53,7317.1%
+10 pts occupancy57%$61,8148.1%

Brixfox Standard · Non-resident · Fully managed · net yield on all-in cost

TenureFreeholdno lease decay · no amortisation
Payback14.2 yearsfrom net rent at the expected case
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Modelled from live Airbnb calendar data around this property · operating costs per line, editable in the P&L · estimates, not financial advice.Data sources & methodology ›

ROI calculations use Brixfox Intelligence rental data from tracked Airbnb calendars. Operating costs are modelled per line — Airbnb/Booking channel fees whoever manages, then either a full-service management commission or the staff/local operations a self-managing owner buys back, cleaning residual, utilities & insurance, local taxes — with every rate editable in the Financial analysis P&L above. Gross revenue is identical in both management scenarios. Market factors in ABC Islands may impact actual yields.