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New-Build 3-Bed Penthouse, Finestrat Hills, Finestrat

Centro, Finestrat · Alicante

3 Bed2 Bath160 m²Energy: G

Description

A top-floor new-build penthouse in Finestrat Hills, this 3-bedroom, 2-bathroom property covers 160 m2 and sits on the second floor of a 14-unit residential complex. The layout includes air conditioning, built-in wardrobes, porcelain tile flooring, and integrated kitchen appliances. A video intercom system is fitted throughout the building. The penthouse comes with its own solarium, adding a private upper-level outdoor space to the 160 m2 internal area.Finestrat Hills is a quiet residential pocket in the hills above the coast, roughly 5 km from the nearest beach at Cala Finestrat. The Terra Mitica theme park is within a few kilometres, and the commercial centres and restaurants along the N-332 corridor are easily accessible by car. Finestrat Hills offers a lower-density setting compared to the busier coastal strips, while remaining within 35 minutes of Alicante-Elche Airport (ALC).Priced at EUR 675,000, the price per m2 works out at approximately EUR 4,219. As a new build, VAT applies at 10% rather than transfer tax, adding EUR 67,500. Additional purchase costs include notary fees of approximately EUR 600 to 1,200, land registry fees of EUR 400 to 800, and legal fees of around 1% plus VAT. Community fees are currently set at EUR 0 and IBI figures have not yet been confirmed. The energy rating is G. Finestrat Hills attracts both permanent residents and buyers seeking a Costa Blanca base with access to Benidorm within 10 minutes by car.

Features

  • Communal pool
  • Solarium
  • Lift
  • Air conditioning
  • Built-in wardrobes
  • Integrated kitchen appliances
  • Porcelain tile flooring
  • Video intercom
  • Sea views
  • New build
  • Communal gardens

Property Details

Property TypePenthouse
Bedrooms3
Bathrooms2
Built Area160 m²
Floor2 / 2
Energy CertificateG
Reference96121738-03

Distances & Nearby

✈️
airport
35 min (Alicante-Elche ALC)

Location

Centro, Finestrat · 38.5482, -0.1770


About Centro, Finestrat

Finestrat 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 675,000 asking price?
As a new build, you pay VAT (IVA) at 10% instead of transfer tax, which is EUR 67,500 on this property. You will also need to budget for notary fees (approximately EUR 600–1,200), land registry fees (approximately EUR 400–800), and legal fees of around 1% of the purchase price plus VAT, which is approximately EUR 6,750 before VAT. Total additional costs typically fall between EUR 75,000 and EUR 77,000.
Can non-residents get a mortgage to buy this property?
Yes. Spanish banks typically lend non-residents up to 60–70% of the purchase price or valuation, whichever is lower, meaning a deposit of 30–40% is usually required. On EUR 675,000 that equates to a deposit of approximately EUR 202,500 to EUR 270,000. Variable and fixed rates currently range from around 3.5% to 4.5%, though your rate will depend on your financial profile and the lender.
What are the ongoing running costs for this penthouse?
Community fees are currently listed at EUR 0 per month. Annual IBI (council tax) has not yet been confirmed for this new-build development. Once the property is registered and rateable values are assigned, IBI will be set by the local authority. We recommend budgeting for this cost once registration is complete.
Can I arrange a viewing remotely before travelling to Spain?
Yes. We offer video viewings via WhatsApp or video call for buyers who cannot travel to Finestrat immediately. This allows you to walk through the property virtually with one of our agents before committing to an in-person visit. Contact us to schedule a time that suits you.
Is this penthouse suitable as a rental investment?
Finestrat Hills is within easy reach of Benidorm and the Costa Blanca coast, which supports demand for short-term holiday lets. To rent legally in the Valencian Community, you must obtain a tourist licence from the regional government before listing the property. We can refer you to a local lawyer who can advise on the licence process and likely rental demand in this area.
What does the purchase process involve?
First, you will need an NIE number (Spanish tax identification number), which your lawyer can obtain on your behalf. Once you have agreed a price, you pay a reservation fee to take the property off the market, followed by a private purchase contract (arras) where typically 10% of the price is paid. The balance is paid at the notary on completion, when the title deed is signed and keys are handed over. We recommend appointing an independent Spanish lawyer before signing anything.

Price

€675,000€4,219/m²

Ref: 96121738-03

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
penthouse
Bedrooms
3
Bathrooms
2
Build Size
160
Energy Rating
G