121 m2 3-Bedroom Penthouse in Los Pacos, Fuengirola
Los Pacos, Fuengirola · Malaga
3 Bed2 Bath121 m²Built 1988Energy: G
Description
A 3-bedroom penthouse in the Los Pacos area of Fuengirola, listed at EUR 529,950 for 121 m2. The building dates from 1988. Los Pacos is a residential area within Fuengirola. The closest airport is 20 min (Málaga AGP). The price of EUR 529,950 works out to EUR 4,380 per square metre. 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. Residents share a communal swimming pool. A private solarium offers open-air relaxation.
Features
- Communal pool
- Near beach
- Solarium
- Parking
- Lift
- Parking (2 spaces)
- Panoramic views
- Underground parking
- Sauna
- Security
Property Details
| Property Type | Penthouse |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Built Area | 121 m² |
| Floor | 0 / 3 |
| Year Built | 1988 |
| Energy Certificate | G |
| Reference | 63398512-04 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
✈️
Location
Los Pacos, Fuengirola · 36.5677, -4.6205
About Los Pacos, 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 529,950, you will pay 10% IVA (EUR 52,995), stamp duty of 1.5%, notary fees around EUR 1200, land registry approximately EUR 800, and legal fees of about EUR 6,412. Total estimated costs come to approximately EUR 69,356.
What mortgage options exist?
Non-resident buyers can typically borrow up to 60-70% of the purchase price. For this penthouse at EUR 529,950, a 60% mortgage would be EUR 317,970, requiring a deposit of EUR 211,980. At current variable rates around 4%, monthly repayments over 25 years would be approximately EUR 1678. 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 Los Pacos. 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 3-bedroom penthouse in Los Pacos 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.
WhatsAppEnquire About This PropertySchedule a CallLanguages:EnglishFinnishSwedishSpanish
View LinkedIn ProfileQuick Enquiry
Interested in this property? Send us a message.
By submitting, you agree to our privacy policy.
Key Details
- Type
- penthouse
- Bedrooms
- 3
- Bathrooms
- 2
- Build Size
- 121 m²
- Energy Rating
- G
