New-Build 3-Bedroom Apartment in Montealto, Benalmádena
Montealto, Benalmádena · Malaga
3 Bed2 Bath124 m²Energy: G
Description
This 124 m2 new-build apartment occupies the second floor of a development in Montealto, Benalmádena, and is priced at EUR 475,000. The property contains 3 bedrooms and 2 bathrooms across its 124 m2 of built space. Málaga Airport is approximately 20 minutes away by car, making it practical for regular travellers. The development includes a communal pool and lift access.Montealto sits in the hills above Benalmádena Costa, with positions offering views towards the coast. The area connects to Benalmádena's main amenities, including the commercial zones around Avenida de los Andes and the leisure facilities near Calle Mijas. The A-7 coastal motorway provides quick access to both Málaga city and Marbella from Montealto.At EUR 475,000 for 124 m2, the price per square metre comes to approximately EUR 3,831. As a new-build property in Málaga province, the applicable purchase tax is IVA at 10 per cent, which amounts to EUR 47,500. Notary fees typically run between EUR 600 and EUR 1,200, land registry fees between EUR 400 and EUR 800, and legal fees approximately 1 per cent of the purchase price plus VAT. Community fees are currently listed at EUR 0, though buyers should confirm the final figure with the developer. IBI is not yet confirmed for this new-build. The energy rating is G.
Features
- New build
- Communal pool
- Lift
- 3 bedrooms
- 2 bathrooms
- 124 m2 build
- Second floor
- Air conditioning
- 20 minutes from Málaga Airport
Property Details
| Property Type | Apartment |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Built Area | 124 m² |
| Floor | 2 |
| Energy Certificate | G |
| Reference | 12109584-03 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
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Location
Montealto, Benalmádena · 36.6073, -4.5612
About Montealto, Benalmádena
Benalmádena is one of the most popular destinations on Spain's Costa Blanca.
Frequently Asked Questions
What are the purchase costs on top of the asking price?
As a new-build, this apartment is subject to IVA at 10% rather than ITP. On EUR 475,000, that is EUR 47,500. Additional costs include notary fees (EUR 600–1,200), land registry fees (EUR 400–800), and legal fees of approximately 1% of the purchase price plus VAT, which on this property works out to roughly EUR 4,750 plus VAT. Total purchase costs typically add 12–14% to the asking price.
Can non-residents obtain a mortgage for this property?
Yes. Spanish banks typically lend up to 60–70% of the purchase price to non-residents, meaning a deposit of 30–40% is required. On EUR 475,000, that equates to a deposit of between EUR 142,500 and EUR 190,000. Current variable and fixed mortgage rates in Spain range from approximately 3.5% to 4.5%. We can refer you to independent mortgage brokers who specialise in non-resident finance.
What are the ongoing running costs?
Community fees are currently listed at EUR 0 per year; buyers should verify the confirmed figure directly with the developer before exchange, as this may change once the community is formally constituted. IBI (local property tax) has not yet been set for this new-build. Buyers should budget for utility connection costs and the annual basura (refuse) charge, which varies by municipality.
Can I view the property remotely?
Yes. OceanHome offers video viewings via WhatsApp or video call for buyers who cannot travel to Benalmádena immediately. We can walk you through the development and the Montealto area in real time. In-person viewings can also be arranged; please contact us to book a time.
Is this property suitable as a rental investment?
Benalmádena is a tourist municipality on the Costa del Sol, and short-term holiday rentals are permitted subject to obtaining a Junta de Andalucía tourist licence (Registro de Turismo de Andalucía). The area attracts visitors year-round due to its proximity to the coast and Málaga Airport, which is 20 minutes away. We recommend speaking to a local letting agent to assess achievable rental income before purchasing.
What does the purchase process involve?
First, you will need a Spanish tax identification number (NIE), which can be obtained at a Spanish consulate or in Spain. Once terms are agreed, a reservation contract is signed and a holding deposit paid, typically EUR 3,000–6,000, to take the property off the market. A private purchase contract (arras) follows, at which point 10% of the price is usually paid. The balance is paid at the notary on completion, when legal title passes to the buyer. Instructing an independent Spanish solicitor to carry out due diligence is strongly recommended.
Maya Kallio💚
The Heart of Our Operations
Co-founder of OceanHome. Helping international buyers find their dream property in Spain since 2004.
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Key Details
- Type
- apartment
- Bedrooms
- 3
- Bathrooms
- 2
- Build Size
- 124 m²
- Energy Rating
- G
