New-Build 3-Bedroom Penthouse in Cerros del Águila, Mijas
Cerros del Águila, Mijas · Malaga
3 Bed2 Bath127 m²Energy: G
Description
Positioned on the third floor of a new-build development in Cerros del Águila, this 3-bedroom penthouse measures 127 m2 of built space and is priced at EUR 917,000. The property includes 2 bathrooms and is served by a lift. As a new build, it is sold under IVA rather than resale transfer tax, which affects purchase cost calculations. The energy rating is G.Cerros del Águila is a residential area within Mijas, a municipality in Malaga province on the Costa del Sol. The wider Mijas area includes Mijas Pueblo, a hillside village roughly 8 km inland, and the coastal strip of La Cala de Mijas to the south-east. Málaga Airport (AGP) is approximately 20 minutes by car, making the location accessible for international buyers and short-stay visits.At EUR 917,000 for 127 m2, the price works out at approximately EUR 7,220 per m2. Community fees are currently listed at EUR 0, though buyers should confirm this figure directly with the developer before exchange. IBI figures are not yet available for this new-build. The energy certificate is rated G. Given the proximity to Málaga Airport and the tourist activity along the Costa del Sol coast, the property sits in an area with established short-term rental demand, though projected yields should be verified with a local letting agent.
Features
- New build
- Communal pool
- Lift
- 3 bedrooms
- 2 bathrooms
- Third-floor position
- 127 m2 built area
- Air conditioning
- Double glazing
Property Details
| Property Type | Penthouse |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Built Area | 127 m² |
| Floor | 3 |
| Energy Certificate | G |
| Reference | 71887027-04 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
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Location
Cerros del Águila, Mijas · 36.5291, -4.6657
About Cerros del Águila, Mijas
Mijas is one of the most popular destinations on Spain's Costa Blanca.
Frequently Asked Questions
What are the purchase costs on top of the EUR 917,000 asking price?
As a new-build property, this penthouse is subject to IVA at 10% rather than ITP, which amounts to EUR 91,700. Additional costs include notary fees (typically EUR 600–1,200), land registry fees (EUR 400–800), and legal fees of around 1% of the purchase price plus VAT, approximately EUR 9,170 plus VAT. Budget for total purchase costs of roughly 12–13% on top of the asking price.
Can non-residents obtain a mortgage to buy this property?
Yes. Spanish banks generally offer non-resident buyers a loan-to-value of 60–70%, meaning a deposit of 30–40% of the purchase price is required. On EUR 917,000 that equates to a deposit of between EUR 275,100 and EUR 366,800. Current variable and fixed rates from Spanish lenders typically range from 3.5% to 4.5%. A formal mortgage offer is usually issued within 4–6 weeks of application.
What are the ongoing running costs for this penthouse?
Community fees are currently listed at EUR 0 per year; buyers should verify this with the developer as the development may not yet have established its community of owners budget. IBI (annual property tax) figures are not yet available for this new-build and should be requested from the local Mijas council once the property is registered. Utility contracts (electricity, water) will be set up separately on completion.
Is it possible to view this penthouse remotely?
Yes. OceanHome can arrange a live video viewing via WhatsApp or video call at a time that suits you, giving you a guided walkthrough of the property and the surrounding development. In-person viewings in Cerros del Águila can also be scheduled with 24–48 hours' notice.
What is the rental potential of this property?
Cerros del Águila sits within the Mijas municipality on the Costa del Sol, an area with consistent demand for holiday rentals, particularly given the 20-minute drive to Málaga Airport. A tourist rental licence (Vivienda con Fines Turísticos) would need to be obtained from the Junta de Andalucía before letting the property short-term. We recommend consulting a local property manager for realistic occupancy and rate estimates specific to this development.
What steps are involved in buying this property?
You will first need a Spanish NIE (tax identification number), which can be obtained at a Spanish consulate or in person in Spain. Once you have agreed terms, a reservation contract is signed and a deposit (typically EUR 3,000–6,000) is paid to take the property off the market. This is followed by a private purchase contract (arras or contrato de compraventa), where usually 10% of the price is paid. The sale is completed before a Spanish notary, at which point the remaining balance and taxes are paid and title transfers to the buyer.
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
- 127 m²
- Energy Rating
- G
