New Build 2-Bedroom Penthouse in Paseo maritimo rey de espana
Centro, Fuengirola · Malaga
2 Bed2 Bath151 m²Energy: G
Description
A 2-bedroom penthouse in the Paseo maritimo rey de espana area of Fuengirola, listed at EUR 738,000 for 151 m2. Paseo maritimo rey de espana is a residential area within Fuengirola. The closest airport is 20 min (Málaga AGP). The price of EUR 738,000 works out to EUR 4,887 per square metre. The energy rating is G. The building has a lift. As a new build, buyers pay 10% IVA (VAT) instead of transfer tax.
Features
- Communal pool
- Near beach
- Lift
- Jacuzzi
- Sauna
- Terrace
Property Details
| Property Type | Penthouse |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Built Area | 151 m² |
| Floor | 9 / 9 |
| Energy Certificate | G |
| Reference | 14221860-04 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
✈️
Location
Centro, Fuengirola · 36.5421, -4.6211
About Centro, Fuengirola
Fuengirola is one of the most popular destinations on Spain's Costa Blanca for international property buyers. With over 300 days of sunshine per year, excellent healthcare facilities, and a large expat community, the area offers an outstanding quality of life.
Frequently Asked Questions
What fees should I budget for?
For this new build at EUR 738,000, you will pay 10% IVA (EUR 73,800), stamp duty of 1.5%, notary fees around EUR 1200, land registry approximately EUR 800, and legal fees of about EUR 8,930. Total estimated costs come to approximately EUR 95,800.
What mortgage options exist?
Non-resident buyers can typically borrow up to 60-70% of the purchase price. For this penthouse at EUR 738,000, a 60% mortgage would be EUR 442,800, requiring a deposit of EUR 295,200. At current variable rates around 4%, monthly repayments over 25 years would be approximately EUR 2337. Spanish banks require proof of income, tax returns, and a credit report from your home country.
What ongoing costs should I expect?
Annual running costs for this penthouse include: IBI property tax is estimated at EUR 500-900 per year; community fees are typically EUR 40-100 per month for apartments in Fuengirola; home insurance runs EUR 200-400 annually; utility bills (electricity, water, internet) average EUR 150-250 per month. Non-resident owners also pay annual income tax (IRNR) on a deemed rental value, typically EUR 300-600 per year for a property at this price level.
How do I see this property?
Contact Maya Kallio to arrange an in-person viewing of this penthouse in Paseo maritimo rey de espana. Video viewings are also available for overseas buyers who cannot visit immediately. Viewings can usually be arranged within 24-48 hours.
Can I rent this property out?
Fuengirola has strong holiday rental demand, particularly from Northern European visitors during the winter months and Spanish tourists in summer. A 2-bedroom penthouse in Paseo maritimo rey de espana can attract bookings year-round. You will need a tourist licence from the regional government. Note that rental income is subject to Spanish tax for non-residents.
What steps are involved in buying?
To buy in Spain, you first need an NIE (tax identification number for foreigners). The purchase begins with a reservation deposit, followed by a private contract (contrato de arras) with 10% down payment. A Spanish lawyer should review the property title, check for debts, and verify planning permissions. The sale completes at a notary office where the deed is signed and registered. Budget 6-10 weeks for the full process.
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
- 2
- Bathrooms
- 2
- Build Size
- 151 m²
- Energy Rating
- G
