3-Bedroom Penthouse in El Higuerón, Fuengirola
El Higuerón, Fuengirola · Malaga
3 Bed2 Bath180 m²Energy: G
Description
Priced at EUR 1,690,000, this top-floor penthouse in El Higuerón has 3 bedrooms and 2 bathrooms. Underfloor heating runs through the living areas. El Higuerón is a residential area within Fuengirola. The closest airport is 20 min (Málaga AGP). The asking price is EUR 1,690,000. The energy rating is G. Parking is included. The building has a lift. As a new build, buyers pay 10% IVA (VAT) instead of transfer tax.
Features
- Communal pool
- Terrace
- Parking
- Lift
- Alarm system
- Panoramic views
- Underfloor heating
- Near golf
- Security
- Home automation
Property Details
| Property Type | Penthouse |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Built Area | 180 m² |
| Floor | 3 / 3 |
| Energy Certificate | G |
| Reference | 98296357-01 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
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Location
El Higuerón, Fuengirola · 36.5825, -4.6016
About El Higuerón, Fuengirola
El Higueron is an exclusive hillside enclave perched between Fuengirola and Benalmadena on the Costa del Sol, renowned for its luxury residential developments, panoramic Mediterranean views, and proximity to several championship golf courses. The area attracts discerning international buyers seeking a prestigious address with easy access to Malaga Airport and the cosmopolitan amenities of the coast.
Frequently Asked Questions
How much does it cost to buy this property?
For this new build at EUR 1,690,000, you will pay 10% IVA (EUR 169,000), stamp duty of 1.5%, notary fees around EUR 1200, land registry approximately EUR 800, and legal fees of about EUR 20,449. Total estimated costs come to approximately EUR 216,799.
Is mortgage financing available?
Non-resident buyers can typically borrow up to 60-70% of the purchase price. For this penthouse at EUR 1,690,000, a 60% mortgage would be EUR 1,014,000, requiring a deposit of EUR 676,000. At current variable rates around 4%, monthly repayments over 25 years would be approximately EUR 5352. Spanish banks require proof of income, tax returns, and a credit report from your home country.
How much are the monthly expenses?
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.
Can I book a viewing?
Contact Maya Kallio to arrange an in-person viewing of this penthouse in El Higuerón. Video viewings are also available for overseas buyers who cannot visit immediately. Viewings can usually be arranged within 24-48 hours.
What is the rental potential?
Fuengirola has strong holiday rental demand, particularly from Northern European visitors during the winter months and Spanish tourists in summer. A 3-bedroom penthouse in El Higuerón 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.
How does purchasing work?
Buying property in Spain requires an NIE number, which your lawyer can help arrange. Once you agree the price, a reservation deposit secures the property. You then sign an arras contract with a 10% deposit within 2-4 weeks. The final step is signing the escritura at a notary and paying the remaining balance. Your lawyer handles due diligence, checking the property has no debts or legal issues. Allow 6-10 weeks from offer to completion.
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
- 180 m²
- Energy Rating
- G
