New-Build 3-Bedroom Villa in Sierra Cortina, Finestrat
Sierra Cortina, Finestrat · Alicante
3 Bed3 Bath154 m²483 m² plotEnergy: G
Description
A new-build villa in Sierra Cortina offering 154 m2 of living space across a 483 m2 private plot. The property has 3 bedrooms and 3 bathrooms, with 2 dedicated parking spaces included. Energy certification is rated G, as is standard for many new villa builds in this area prior to final commissioning. The price works out at approximately EUR 7,760 per m2 of built area.Sierra Cortina is a residential area within Finestrat, positioned between Benidorm's commercial centre and the foothills of the Sierra Puig Campana. The urbanisation sits within Finestrat municipality and gives residents easy access to the N-332 coastal road, the Terra Mítica leisure complex roughly 5 km away, and the beaches at Cala de Finestrat approximately 4 km to the south-east. Local amenities including supermarkets and restaurants are found within the Sierra Cortina resort and in central Finestrat village, around 3 km inland.Alicante-Elche Airport (ALC) is 35 minutes by car. As a new build, the applicable purchase tax is IVA at 10% of the purchase price, equating to EUR 119,500. Additional costs include notary fees of approximately EUR 600 to 1,200, land registry fees of approximately EUR 400 to 800, and legal fees typically at 1% plus VAT. Community fees are currently EUR 0, and the IBI figure has not yet been confirmed by the local authority. Sierra Cortina's proximity to Benidorm gives this property strong short-term rental demand, as the area falls within a recognised tourist zone.The 483 m2 plot provides space for a private garden and outdoor entertaining area. 2 parking spaces are included within the plot. Buyers should confirm with the agent details of any pool provision, terrace dimensions, and landscaping included in the new-build specification.
Features
- New build
- 3 bedrooms
- 3 bathrooms
- Private plot of 483 m2
- Built area of 154 m2
- 2 parking spaces
- Private garden
- Ground floor
- Energy rating G
Property Details
| Property Type | Villa |
| Bedrooms | 3 |
| Bathrooms | 3 |
| Built Area | 154 m² |
| Plot Size | 483 m² |
| Floor | 0 |
| Energy Certificate | G |
| Reference | 87753109-02 |
Distances & Nearby
- airport
- 35 min (Alicante-Elche ALC)
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Location
Sierra Cortina, Finestrat · 38.5519, -0.1776
About Sierra Cortina, Finestrat
Finestrat is one of the most popular destinations on Spain's Costa Blanca.
Frequently Asked Questions
What purchase taxes and costs apply to this villa?
As a new-build property, IVA applies at 10% rather than ITP transfer tax. On the asking price of EUR 1,195,000 that amounts to EUR 119,500. You should also budget for notary fees of approximately EUR 600 to 1,200, land registry fees of approximately EUR 400 to 800, and solicitor or legal fees of around 1% of the purchase price plus VAT (approximately EUR 11,950 plus VAT). Total purchase costs typically add 12 to 13% on top of the agreed price.
Can non-residents get a mortgage on this property?
Yes. Spanish lenders generally offer non-resident buyers up to 60 to 70% loan-to-value, meaning a deposit of 30 to 40% of the purchase price is required. On EUR 1,195,000 that equates to a deposit of approximately EUR 358,500 to EUR 478,000. Current variable and fixed mortgage rates from Spanish banks are broadly in the range of 3.5% to 4.5% annually, though individual terms depend on the lender and the applicant's financial profile.
What are the ongoing running costs for this villa?
Community fees are currently listed at EUR 0 per year. The annual IBI (local property tax) has not yet been confirmed by the local authority for this new-build plot; your solicitor can request the estimated figure from Finestrat town hall prior to completion. Utility connection costs for electricity and water will also apply as this is a new build and should be confirmed with the developer.
How do I arrange a viewing?
Contact the OceanHome team to schedule an in-person viewing at Sierra Cortina. If you are based outside Spain, we can arrange a live video viewing via WhatsApp or video call, walking you through the property and plot in real time. We can also provide additional specification documents and floor plans on request.
Is there rental potential for this villa?
Sierra Cortina sits within the Benidorm tourist zone, one of the highest-demand short-term rental markets on the Costa Blanca. Properties in this area attract strong occupancy from holiday visitors throughout spring, summer, and autumn. You would need to obtain a tourist rental licence (Vivienda de Uso Turístico) from the Generalitat Valenciana before letting the property commercially. Your solicitor can advise on the application process.
What steps are involved in buying this property?
First, you will need a Spanish tax identification number (NIE), which your solicitor can obtain on your behalf. Once you agree terms, a reservation contract is signed and a holding deposit (typically EUR 6,000 to 10,000) is paid to take the property off the market. This is followed by a private purchase contract (arras or contrato de compraventa), at which point usually 10% of the price is paid. For new builds, subsequent stage payments may apply according to the developer's schedule. Completion takes place before a notary, at which point the remaining balance, taxes, and fees are settled 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
- villa
- Bedrooms
- 3
- Bathrooms
- 3
- Build Size
- 154 m²
- Plot Size
- 483 m²
- Energy Rating
- G
