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New-Build 7-Bedroom Villa in Finestrat Hills, Alicante

Alicante, Finestrat · Alicante

7 Bed6 Bath638 m²1300 m² plotEnergy: G

Description

This 7-bedroom, 6-bathroom new-build villa in Finestrat Hills sits on a 1,300 m2 plot and offers 638 m2 of built space across a single-storey layout. The villa includes a private pool, a solarium, and a private garden, making full use of the generous outdoor area. Interiors feature porcelain tile floors, underfloor heating, air conditioning, and a home automation system throughout. High-end appliances are fitted in the kitchen, and built-in wardrobes are installed across all 7 bedrooms.Finestrat Hills is a low-density residential area set on the slopes above the town of Finestrat, within the province of Alicante. The area sits approximately 5 km from Cala Finestrat beach and is close to the N-332 coastal road, which connects directly to Benidorm, roughly 7 km to the north-east. The Terra Mitica theme park is within 4 km, and a range of supermarkets and local restaurants are accessible within a short drive along Carretera de la Lloma. Finestrat Hills itself is characterised by wider plots, quieter streets, and positions above the valley floor.Priced at EUR 3,500,000, the price per m2 on build size is approximately EUR 5,486. As a new build, the applicable tax is IVA at 10%, adding EUR 350,000 to the purchase cost. Notary fees are estimated at EUR 600 to EUR 1,200, land registry fees at EUR 400 to EUR 800, and legal fees at approximately 1% of the purchase price plus VAT. There are no community fees. IBI has not yet been assessed for this property. The energy rating is G.The 1,300 m2 plot provides substantial outdoor space around the villa, accommodating the private pool, the solarium terrace, and the landscaped garden. The solarium offers outdoor living space with views over the surrounding hills and coastline. The pool area is directly accessible from the main living areas, and the garden surrounds three sides of the building.

Features

  • Private pool
  • Solarium
  • Private garden
  • Air conditioning
  • Underfloor heating
  • Home automation system
  • Built-in wardrobes
  • High-end kitchen appliances
  • Porcelain tile floors
  • 7 bedrooms
  • 6 bathrooms
  • New build
  • 1,300 m2 plot

Property Details

Property TypeVilla
Bedrooms7
Bathrooms6
Built Area638 m²
Plot Size1300 m²
Floor0
Energy CertificateG
Reference84334513-01

Distances & Nearby

✈️
airport
35 min (Alicante-Elche ALC)

Location

Alicante, Finestrat · 38.5680, -0.2122


About Alicante, Finestrat

Finestrat is one of the most popular destinations on Spain's Costa Blanca.


Frequently Asked Questions

What are the total purchase costs for this villa?
As a new-build property, IVA applies at 10% of the purchase price, which amounts to EUR 350,000. Additional costs include notary fees of approximately EUR 600 to EUR 1,200, land registry fees of EUR 400 to EUR 800, and legal fees of around 1% of the purchase price plus VAT (approximately EUR 42,350 including VAT). Total acquisition costs are estimated at around EUR 394,000 to EUR 395,550 on top of the EUR 3,500,000 asking price.
Can non-residents obtain a mortgage on this property?
Yes. Non-resident buyers can typically obtain a Spanish mortgage for up to 60 to 70% of the purchase price or valuation, meaning a deposit of 30 to 40% is generally required. On this property at EUR 3,500,000, that equates to a minimum deposit of approximately EUR 1,050,000 to EUR 1,400,000. Current mortgage rates in Spain range broadly from 3.5% to 4.5% depending on the lender and applicant profile. We can refer you to independent mortgage brokers with experience in non-resident finance.
What are the ongoing running costs?
There are no community fees for this property. IBI (annual property tax) has not yet been assessed as this is a new build; once the catastral value is assigned, IBI will be calculated by the Finestrat town hall. Waste collection charges have also not yet been confirmed. We recommend budgeting for utilities, home insurance, and maintenance costs associated with a 638 m2 villa on a 1,300 m2 plot.
How can I arrange a viewing?
Viewings can be arranged in person on site in Finestrat Hills. If you are not currently in Spain, we also offer video viewings conducted live by one of our agents, who can walk through the full property with you in real time. Contact our office to schedule either option at a time that suits you.
Does this property have rental potential?
Finestrat Hills and the wider Costa Blanca North area, given proximity to Benidorm and Cala Finestrat, attract consistent demand from holiday visitors throughout the year. A 7-bedroom villa of this size and specification has the capacity to generate rental income, subject to obtaining the relevant tourist licence (Vivienda de Uso Turístico) from the Generalitat Valenciana. We recommend speaking with a local lettings specialist to assess realistic income projections based on current market conditions.
What does the purchase process involve?
You will first need an NIE (Número de Identificación de Extranjero), the tax identification number required for any property transaction in Spain. Once terms are agreed, a reservation contract is signed and a holding deposit is paid to take the property off the market. A private purchase contract (contrato de arras) follows, at which point typically 10% of the purchase price is paid. Completion takes place at a notary, where the escritura (title deed) is signed and the remaining balance is transferred. We strongly recommend appointing an independent Spanish solicitor to act on your behalf throughout.

Price

€3,500,000€5,486/m²

Ref: 84334513-01

Maya Kallio
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
villa
Bedrooms
7
Bathrooms
6
Build Size
638
Plot Size
1300
Energy Rating
G