4th-Floor New-Build 3-Bedroom Penthouse, Alto de los Monteros
Alto De Los Monteros, Marbella · Malaga
3 Bed2 Bath197 m²Energy: G
Description
At 197 m2, this new-build penthouse occupies the fourth floor of a six-storey development in Alto de los Monteros, Marbella. The property has 3 bedrooms, 2 bathrooms, and comes with 2 private parking spaces in the building. The development includes a communal pool and lift access to all floors. The energy rating is G.Alto de los Monteros sits between Marbella town and Elviria, approximately 5 km east of the centre along the A-7 coastal road. The area borders the Cabopino golf course and is within a few minutes' drive of El Cable and Elviria beaches. Carrefour Express on Avenida de los Monteros serves daily shopping needs, and the Saturday market at Elviria covers fresh produce and general goods. Alto de los Monteros is well connected to Málaga-Costa del Sol Airport, around 20 minutes by car via the AP-7.At EUR 1,035,000, the price per m2 is approximately EUR 5,254. As a new build in Andalusia, the applicable purchase tax is IVA at 10%, adding EUR 103,500. Additional costs include notary fees of EUR 600 to EUR 1,200, land registry fees of EUR 400 to EUR 800, and legal fees of approximately 1% of the purchase price plus VAT. No community fees are listed for this property, and IBI figures are not yet available for this development. Alto de los Monteros attracts consistent rental interest due to its proximity to Marbella centre and the coast.
Features
- New build
- Communal pool
- Lift
- 2 parking spaces
- 3 bedrooms
- 2 bathrooms
- 197 m2 build size
- 4th floor
- Air conditioning
- Double glazing
Property Details
| Property Type | Penthouse |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Built Area | 197 m² |
| Floor | 4 / 6 |
| Energy Certificate | G |
| Reference | 88013218-03 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
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Location
Alto De Los Monteros, Marbella · 36.5295, -4.8409
About Alto De Los Monteros, Marbella
Marbella is one of the most popular destinations on Spain's Costa Blanca.
Frequently Asked Questions
What are the total purchase costs for this penthouse?
As a new-build property in Andalusia, IVA applies at 10% of the purchase price, which is EUR 103,500. You should also budget for notary fees (EUR 600 to EUR 1,200), land registry fees (EUR 400 to EUR 800), and legal fees of around 1% of the price plus VAT (approximately EUR 12,420 including VAT). Total additional costs are typically 12 to 13% of the purchase price.
Can non-residents obtain a mortgage on this property?
Yes. Non-resident buyers can generally secure a mortgage in Spain, though lenders typically require a deposit of 30 to 40% of the purchase price. On EUR 1,035,000, that means providing EUR 310,500 to EUR 414,000 from your own funds. Current variable and fixed rates from Spanish banks typically range from 3.5% to 4.5%. We recommend speaking with an independent mortgage broker familiar with the Spanish market.
What are the ongoing running costs?
Community fees are listed as EUR 0 for this property. IBI (council tax) figures are not yet available for this development. You should budget separately for home insurance and utilities. We recommend confirming the IBI figure with the developer or your legal representative before exchange.
Is it possible to view this penthouse remotely?
Yes. We offer video viewings for buyers who cannot travel to Marbella immediately. Our agents can conduct a live video call from the property or the development, covering all rooms and communal areas. Contact us to arrange a convenient time, and we can also provide a follow-up with the developer's documentation.
What is the rental potential for this property?
Alto de los Monteros sits within a designated tourist zone in the Marbella municipality, making it eligible for short-term rental licensing. Demand from holiday visitors and longer-stay residents is consistent in this area, given its position between Marbella town and Elviria beach. We do not quote invented yield figures; speak to a local rental management company for realistic income projections based on current occupancy data.
What does the purchase process involve?
You will first need a Spanish tax identification number (NIE), which your lawyer can obtain on your behalf. Once your offer is accepted, a reservation fee is paid to secure the property. This is followed by a private purchase contract (arras), under which a further deposit is paid. Completion takes place before a Spanish notary, at which point the balance, taxes, and all fees are settled and the title deed (escritura) is signed and registered.
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
- 197 m²
- Energy Rating
- G
