4th-Floor 1-Bedroom New-Build Penthouse, El Higuerón
El Higuerón, Fuengirola · Malaga
1 Bed1 Bath93 m²Energy: G
Description
Priced at EUR 595,000, this new-build penthouse occupies the entire fourth and top floor of a 40-unit residential development in El Higuerón, Fuengirola. The property offers 93 m2 of built space across 1 bedroom and 1 bathroom, at a price per m2 of approximately EUR 6,398. The complex comprises 40 homes in total, spanning apartments, ground-floor units, and penthouses. Málaga Airport is 18 km away, with a typical drive time of around 20 minutes.El Higuerón sits on the western edge of Fuengirola, between the town centre and the municipality of Mijas Costa. The development is 2 km from the coast, placing residents within a short drive of the beaches at Playa de Los Boliches and Playa de Fuengirola, both of which run along the town's main promenade. Local amenities including supermarkets and restaurants are concentrated along Avenida Jesús Santos Rein, roughly 10 minutes on foot from El Higuerón.As a new-build property, purchase taxes are calculated at IVA of 10%, giving an estimated tax liability of EUR 59,500 on the asking price. Additional purchase 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. Community fees are currently listed at EUR 0 and buyers should confirm the final figure with the developer prior to exchange. IBI has not yet been assessed for this property. The energy rating is G. El Higuerón attracts consistent holiday-let demand, making this top-floor penthouse a viable short-term rental option for buyers seeking rental income.
Features
- Communal pool
- Communal gym
- Air conditioning
- Built-in wardrobes
- Porcelain tile flooring
- Electric shutters
- Home automation system
- Integrated appliances
- Landscaped communal gardens
- New build
- Top floor
- Private terrace
Property Details
| Property Type | Penthouse |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Built Area | 93 m² |
| Floor | 4 / 4 |
| Energy Certificate | G |
| Reference | 55342689-04 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
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Location
El Higuerón, Fuengirola · 36.5760, -4.6005
About El Higuerón, Fuengirola
Fuengirola is one of the most popular destinations on Spain's Costa Blanca.
Frequently Asked Questions
What are the purchase taxes and costs on this property?
As a new-build, this penthouse is subject to IVA at 10% rather than ITP. On the asking price of EUR 595,000, that equates to EUR 59,500 in VAT. You should also budget for notary fees (approximately EUR 600–1,200), land registry fees (EUR 400–800), and legal fees of around 1% of the purchase price plus VAT, bringing total acquisition costs to roughly 12–13% on top of the price.
Can non-residents obtain a mortgage on this property?
Yes. Most Spanish lenders will offer non-resident buyers financing of up to 60–70% of the purchase price, meaning a deposit of 30–40% is typically required. On EUR 595,000, that represents a minimum deposit of approximately EUR 178,500. Current variable and fixed mortgage rates in Spain are broadly in the range of 3.5–4.5%, though the rate offered will depend on the lender and your financial profile.
What are the ongoing running costs?
Community fees are currently listed as EUR 0 per month; buyers should verify the confirmed figure directly with the developer before signing any contracts. The annual IBI (council tax) has not yet been assessed for this new-build property and will be set by the local authority following completion and cadastral registration. You should also budget for annual rubbish collection tax (basura), which varies by municipality.
Can I view this property remotely?
Yes. In addition to in-person viewings, we can arrange a video viewing at a time that suits you. Contact our team to schedule either option.
What is the rental potential for this penthouse?
El Higuerón and the wider Fuengirola area attract consistent demand from short-term holiday renters, particularly from spring through to early autumn. A top-floor penthouse within 2 km of the beach is well placed to achieve bookings during peak season. We recommend speaking to a local holiday-let management company for current occupancy and rate data specific to this development.
What does the purchase process involve?
You will first need a Spanish tax identification number (NIE), which can be obtained through a Spanish consulate or a local gestor. Once you have agreed a price, a reservation deposit (typically EUR 3,000–6,000) takes the property off the market. This is followed by a private purchase contract (contrato de arras), at which point a further deposit of usually 10% of the purchase price is paid. The remaining balance is settled at the notary on the day of completion, when the title deeds (escritura) are signed and ownership is formally transferred.
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
- 1
- Bathrooms
- 1
- Build Size
- 93 m²
- Energy Rating
- G
