New-Build 3-Bedroom Penthouse in Montealto, Benalmádena
Montealto, Benalmádena · Malaga
3 Bed2 Bath399 m²Energy: G
Description
This new-build penthouse in Montealto measures 399 m2 of built space, making it one of the larger penthouse formats available in Benalmádena at this price point. The property has 3 bedrooms and 2 bathrooms, and the development includes a lift, a communal pool, and a private solarium. Priced at EUR 745,000, the build size delivers a price per m2 of approximately EUR 1,867.Montealto sits in the upper residential zone of Benalmádena, positioned above the coast with views towards the Mediterranean. The area is a short drive from the Benalmádena Costa seafront promenade and the leisure facilities at Puerto Marina, which covers around 1,000 berths and a range of restaurants along the waterfront. Málaga Airport (AGP) is approximately 20 minutes away by road, which is practical for both residents and visiting guests. Montealto itself offers a quieter residential setting compared to the busier coastal strips.As a new build in Andalusia, the applicable purchase tax is IVA at 10% rather than ITP, adding approximately EUR 74,500 to acquisition costs. Notary fees typically range from EUR 600 to EUR 1,200 and land registry fees from EUR 400 to EUR 800. Legal fees are generally around 1% of the purchase price plus VAT. Community fees are currently listed at EUR 0 per month, and IBI figures are not yet available for this new-build property. The energy rating is G.
Features
- Communal pool
- Solarium
- Lift
- New build
- 3 bedrooms
- 2 bathrooms
- 399 m2 build size
- Air conditioning
Property Details
| Property Type | Penthouse |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Built Area | 399 m² |
| Floor | 0 |
| Energy Certificate | G |
| Reference | 12109584-02 |
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 EUR 745,000 asking price?
As a new-build property in Andalusia, IVA applies at 10%, which amounts to EUR 74,500. You should also budget for notary fees of EUR 600–1,200, land registry fees of EUR 400–800, and legal fees of approximately 1% of the purchase price plus VAT (roughly EUR 8,970 plus VAT). Total additional costs are typically around 12–13% of the purchase price.
Can non-residents obtain a mortgage on 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 745,000 that equates to a deposit of approximately EUR 223,500–EUR 298,000. Current variable and fixed mortgage rates in Spain generally range from 3.5% to 4.5% depending on the lender and your financial profile.
What are the ongoing running costs for this penthouse?
Community fees are currently listed as EUR 0 per month for this development. The annual IBI (council tax) figure is not yet available as this is a new-build property. Basura (waste collection) charges are also to be confirmed. We recommend requesting a full cost estimate from the developer before exchange.
Can I arrange a viewing without travelling to Spain?
Yes. OceanHome offers video viewings for buyers who cannot travel immediately. We can conduct a live video walkthrough of the development and show show-flat units where available. Contact us to schedule a video viewing at a time that suits you, or to book an in-person visit to Montealto.
Is this property suitable as a rental investment?
Benalmádena is a tourist area on the Costa del Sol with strong seasonal demand, and a property of this size in Montealto could attract both short-term holiday lets and longer-term rentals. A tourist licence would be required for short-term letting in Andalusia. We recommend speaking to a local lettings agent for current market rental figures before making any investment decision.
What steps are involved in buying this property?
First, you will need a Spanish tax identification number (NIE), which your solicitor can apply for on your behalf. Once you agree terms, a reservation contract is signed and a holding deposit paid, typically EUR 3,000–6,000. This is followed by a private purchase contract (arras) where around 10% of the price is exchanged. Completion takes place before a Spanish notary, at which point the remaining balance and taxes are paid and the title deed (escritura) is signed.
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
- penthouse
- Bedrooms
- 3
- Bathrooms
- 2
- Build Size
- 399 m²
- Energy Rating
- G
