New-Build Penthouse in San Pedro de Alcántara, Málaga
Costa Del Sol, San Pedro de Alcántara · Malaga
2 Bed1 Bath115 m²273 m² plotEnergy: G
Description
This third-floor new-build penthouse in San Pedro de Alcántara offers 115m2 of internal living space across 2 bedrooms and 1 bathroom, with a plot measurement of 273m2 recorded against the property. The development includes a communal pool and a private solarium, providing dedicated rooftop outdoor space. Málaga Airport (AGP) is approximately 20 minutes away by car, making the location practical for frequent travellers.San Pedro de Alcántara sits between Marbella and Estepona on the Costa del Sol, with the town centre on Avenida Marqués del Duero offering supermarkets, banks, and daily amenities within easy walking distance. The seafront promenade runs along the coast and connects to the local beach, while the Thursday street market on Calle Marqués de Torrenueva draws local and visiting shoppers each week. San Pedro de Alcántara has seen consistent residential development in recent years, reflecting steady demand from both Spanish and international buyers.At EUR 860,000, the price works out at approximately EUR 7,478 per m2 based on the 115m2 build size. This is a new-build property, so purchase taxes apply at IVA 10% rather than ITP, amounting to EUR 86,000 in VAT alone. Additional purchase costs include notary fees of roughly EUR 600 to 1,200, land registry fees of EUR 400 to 800, and legal fees typically around 1% of the purchase price plus VAT. The energy rating is G. Community fees are currently set at EUR 0 per month, and IBI figures are not yet confirmed for this development.
Features
- Communal pool
- Solarium
- New build
- Third-floor position
- Air conditioning
- Double glazing
- Lift
- Underground parking
Property Details
| Property Type | Penthouse |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Built Area | 115 m² |
| Plot Size | 273 m² |
| Floor | 3 |
| Energy Certificate | G |
| Reference | 73968839-08 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
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Location
Costa Del Sol, San Pedro de Alcántara · 36.4884, -4.9856
About Costa Del Sol, San Pedro de Alcántara
San Pedro De Alcantara is one of the most popular destinations on Spain's Costa Blanca.
Frequently Asked Questions
What are the estimated purchase costs on top of the EUR 860,000 asking price?
As a new-build property in Andalusia, this penthouse is subject to IVA at 10% rather than ITP, which amounts to EUR 86,000. You should also budget for notary fees of approximately EUR 600 to 1,200, land registry fees of EUR 400 to 800, and legal fees of around 1% of the purchase price plus VAT (approximately EUR 10,320 including VAT at 21%). Total additional costs are typically in the range of EUR 97,000 to EUR 99,000.
Can non-residents obtain a mortgage to purchase this property?
Yes. Spanish banks generally lend up to 60 to 70% of the purchase price to non-resident buyers, meaning a deposit of 30 to 40% is usually required. On EUR 860,000, that equates to a deposit of roughly EUR 258,000 to EUR 344,000. Current variable and fixed mortgage rates from Spanish lenders are broadly in the 3.5% to 4.5% range, though rates vary by lender and applicant profile.
What are the ongoing running costs for this penthouse?
Community fees are currently listed at EUR 0 per month, though buyers should confirm with the developer whether service charges will apply once the development is complete. The annual IBI (council tax) figure has not yet been confirmed for this new-build property. Utility contracts for electricity, water, and any home insurance will be additional costs to factor in.
Can I arrange a viewing, and are remote viewings available?
Yes. In-person viewings can be arranged through the OceanHome team at a time that suits you. If you are based outside Spain or prefer to view remotely before travelling, we can also arrange a live video viewing via WhatsApp or video call, allowing you to ask questions in real time.
Does this property have rental potential?
San Pedro de Alcántara is an established tourist area on the Costa del Sol, and short-term holiday rentals are common in the zone. New-build properties in Andalusia require a Vivienda con Fines Turísticos (VFT) licence from the Junta de Andalucía before being let on a short-term basis. The proximity to Marbella and Málaga Airport supports year-round rental demand. We recommend speaking with a local rental management company to assess realistic occupancy and income figures before purchase.
What does the purchase process involve?
The first step is obtaining a Spanish NIE (tax identification number), which is required for any property transaction. Once you have agreed the purchase, you pay a reservation fee to take the property off the market, followed by a private purchase contract (contrato de arras) where typically 10% of the price is paid. The remaining balance is settled at the notary on the completion date, when the escritura (title deed) is signed and ownership is formally transferred. We recommend appointing an independent Spanish solicitor to carry out due diligence throughout the 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
- 1
- Build Size
- 115 m²
- Plot Size
- 273 m²
- Energy Rating
- G
