New Build 2-Bedroom Penthouse in Reserva del Higuerón, Fuengirola
Reserva del Higuerón, Fuengirola · Malaga
2 Bed2 Bath126 m²Energy: G
Description
A 2-bedroom penthouse in the Reserva del Higuerón area of Fuengirola, listed at EUR 1,190,000 for 126 m2. Reserva del Higuerón is a residential area within Fuengirola. The closest airport is 20 min (Málaga AGP). The price of EUR 1,190,000 works out to EUR 9,444 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. Residents share a communal swimming pool. The garden provides additional outdoor space. A private solarium offers open-air relaxation.
Features
- Communal pool
- Terrace
- Solarium
- Garden
- Lift
- Alarm system
Property Details
| Property Type | Penthouse |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Built Area | 126 m² |
| Floor | 3 |
| Energy Certificate | G |
| Reference | 88294308-01 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
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Location
Reserva del Higuerón, Fuengirola · 36.5755, -4.5970
About Reserva del Higuerón, Fuengirola
Reserva del Higueron is an exclusive hillside enclave above Fuengirola, centred around the award-winning Higueron Hotel and its world-class sports and wellness facilities. The development is surrounded by native Mediterranean vegetation and offers a tranquil retreat from the coastal bustle below, whilst remaining connected via quick road access to Fuengirola, Benalmadena, and the AP-7 motorway to Malaga and Marbella.
Frequently Asked Questions
What fees should I budget for?
For this new build at EUR 1,190,000, you will pay 10% IVA (EUR 119,000), stamp duty of 1.5%, notary fees around EUR 1200, land registry approximately EUR 800, and legal fees of about EUR 14,399. Total estimated costs come to approximately EUR 153,249.
What mortgage options exist?
Non-resident buyers can typically borrow up to 60-70% of the purchase price. For this penthouse at EUR 1,190,000, a 60% mortgage would be EUR 714,000, requiring a deposit of EUR 476,000. At current variable rates around 4%, monthly repayments over 25 years would be approximately EUR 3769. 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 OceanHome Team to arrange an in-person viewing of this penthouse in Reserva del Higuerón. 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 Reserva del 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.
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
- 126 m²
- Energy Rating
- G
