New-Build 3-Bedroom Villa, Balcón de Finestrat-Terra Marina
Balcon De Finestrat Terra Marina, Finestrat · Alicante
3 Bed2 Bath144 m²739 m² plotEnergy: G
Description
This new-build villa in Balcón de Finestrat-Terra Marina sits on a 739 m2 plot and offers 144 m2 of built space across a single storey. The property has 3 bedrooms and 2 bathrooms. Alicante-Elche Airport is approximately 35 minutes by car, making the location practical for both permanent residents and frequent travellers.Balcón de Finestrat-Terra Marina occupies higher ground above the Bay of Benidorm, giving the area open views across the coastline. The neighbourhood sits close to the N-332 coastal road, which connects quickly to Benidorm's shopping and restaurant strips roughly 5 kilometres to the north-east. Several golf courses are within a short drive of the area, and the marina at La Cala de Finestrat is accessible within a few minutes by car. Balcón de Finestrat-Terra Marina is a quieter residential enclave compared to the larger resort zones nearby.At EUR 725,900, the price per m2 of build area is approximately EUR 5,041. As a new build in Alicante province, the purchase is subject to IVA at 10% rather than ITP, which amounts to EUR 72,590. Additional costs include notary fees of approximately EUR 600 to EUR 1,200, land registry fees of approximately EUR 400 to EUR 800, and legal fees of around 1% of the purchase price plus VAT. No community fees are recorded. IBI has not yet been assessed for this new-build property. The energy rating is G.The 739 m2 plot provides ample space for a private garden and pool, subject to project specifications. A single-storey layout on a plot of this size allows for generous outdoor terracing on all sides. Buyers should confirm exact outdoor configuration and finishes directly with the developer.
Features
- New build
- Detached villa
- 3 bedrooms
- 2 bathrooms
- 144 m2 build area
- 739 m2 plot
- Single-storey layout
- Private garden
- Air conditioning
- Private parking
- Energy rating G
Property Details
| Property Type | Villa |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Built Area | 144 m² |
| Plot Size | 739 m² |
| Floor | 0 |
| Energy Certificate | G |
| Reference | 59492723-01 |
Distances & Nearby
- airport
- 35 min (Alicante-Elche ALC)
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Location
Balcon De Finestrat Terra Marina, Finestrat · 38.5495, -0.1939
About Balcon De Finestrat Terra Marina, Finestrat
Finestrat is one of the most popular destinations on Spain's Costa Blanca.
Frequently Asked Questions
What are the total purchase costs on top of the asking price?
As a new-build property in Alicante province, IVA applies at 10% instead of ITP, totalling EUR 72,590 on the EUR 725,900 price. Notary fees typically run EUR 600 to EUR 1,200, land registry fees EUR 400 to EUR 800, and independent legal representation around 1% of the purchase price plus VAT (approximately EUR 7,259 plus VAT). Budget for total acquisition costs of roughly 12 to 13% above the listed price.
Can non-residents obtain a mortgage on this property?
Yes. Spanish banks generally lend up to 60 to 70% of the purchase price to non-residents, meaning a deposit of 30 to 40% is typically required. On EUR 725,900 that equates to a deposit of approximately EUR 217,770 to EUR 290,360. Variable and fixed mortgage rates currently range from around 3.5% to 4.5% depending on the lender and applicant profile.
What are the ongoing running costs for this villa?
No community fees are recorded for this property. IBI (annual council tax) has not yet been assessed as this is a new build; the figure will be set by Finestrat Town Hall following completion and registration. Utility connections and waste collection charges will also apply once the property is occupied.
How can I arrange a viewing?
In-person viewings can be arranged through OceanHome by contacting our Finestrat office. If you are based outside Spain, we can organise a live video viewing at a time that suits you, allowing you to walk through the property remotely with one of our agents before committing to travel.
Does this villa have rental potential?
Balcón de Finestrat-Terra Marina sits within the Benidorm tourist catchment area, which has consistent holiday rental demand year-round. A tourist rental licence (VT licence) from the Comunitat Valenciana is required before letting the property short-term. We recommend consulting a local licence specialist to confirm current requirements and eligibility for this specific plot and build.
What does the purchase process involve?
First, you will need an NIE (Número de Identificación de Extranjero), which is a Spanish tax identification number required for all property transactions. Once you have agreed the price, a reservation contract is signed and a holding deposit paid, typically EUR 3,000 to EUR 6,000. This is followed by a private purchase contract (arras or contrato de compraventa), at which point usually 10% of the price is paid. Completion takes place before a notary, who registers the title deed. For new builds, the timeline to completion depends on the construction programme.
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
- 3
- Bathrooms
- 2
- Build Size
- 144 m²
- Plot Size
- 739 m²
- Energy Rating
- G
