New-Build 2-Bedroom Penthouse in El Pinillo, Torremolinos
El Pinillo, Torremolinos · Malaga
2 Bed2 Bath79 m²Energy: G
Description
A new-build penthouse on the second floor of a 10-unit residential complex in El Pinillo, this 79 m2 property includes 2 bedrooms, 2 bathrooms, a private solarium and sea views across the coastline. The building contains apartments, ground-floor units and penthouses, with a total of 10 homes. Each unit comes with built-in wardrobes, modern kitchen appliances, a video intercom and a private garage space. The price works out at approximately EUR 10,595 per m2.El Pinillo sits between Torremolinos town centre and the La Carihuela seafront, with the beach 300 metres from the complex. The neighbourhood has a good selection of local supermarkets and restaurants along Calle Casablanca and the surrounding streets, and the main Torremolinos shopping and dining strip along Calle San Miguel is under 10 minutes on foot. El Pinillo is well connected by the Cercanías suburban rail line, with Málaga city centre reachable in around 20 minutes.Málaga Airport (AGP) is 9 kilometres away, approximately 20 minutes by road. Community fees are currently set at EUR 0 per month, though this may be reviewed once the development is complete. IBI has not yet been assessed for this new-build property. The energy rating is G. As a new-build in Andalusia, the purchase is subject to IVA at 10% rather than transfer tax, plus notary fees of approximately EUR 600 to 1,200, land registry fees of EUR 400 to 800 and legal costs of around 1% of the purchase price plus VAT.The penthouse level includes a private solarium, suitable for outdoor dining or sunbathing. The communal areas feature a landscaped garden, a communal pool and a gym. Ground-floor units in the complex have direct garden access, while this penthouse benefits from the elevated position and rooftop terrace space.
Features
- New build
- Communal pool
- Communal gym
- Private solarium
- Sea views
- Built-in wardrobes
- Private garage
- Video intercom
- Modern kitchen appliances
- Lift
- Communal gardens
- Air conditioning
- Porcelain stoneware flooring
Property Details
| Property Type | Penthouse |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Built Area | 79 m² |
| Floor | 2 |
| Energy Certificate | G |
| Reference | 41587828-02 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
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Location
El Pinillo, Torremolinos · 36.6045, -4.5122
About El Pinillo, Torremolinos
Torremolinos 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 837,000 asking price?
As a new-build property in Andalusia, this penthouse is subject to IVA (VAT) at 10%, which amounts to EUR 83,700. Additional costs include 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 10,044 including VAT). Total additional costs are typically in the region of EUR 95,000 to 97,000.
Can non-residents get a mortgage on 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 required. On EUR 837,000 that equates to roughly EUR 251,100 to EUR 334,800. Current variable and fixed mortgage rates from Spanish lenders are broadly in the range of 3.5% to 4.5%, though terms vary by lender and applicant profile. We can refer you to an independent mortgage broker.
What are the ongoing running costs for this penthouse?
Community fees are currently listed at EUR 0 per month, though this figure is likely to be set formally once the development is occupied and the owners' community is established. IBI (annual property tax) has not yet been assessed for this new-build unit; the local council will issue the first bill after the property is registered. Refuse collection charges (basura) have also not yet been confirmed.
Can I view this property remotely before travelling to Spain?
Yes. We offer video viewings by appointment, where one of our agents walks through the property or the show unit on a live video call. For new-build developments we can also share floor plans, material samples and developer presentations digitally. Contact us to arrange a convenient time.
What is the rental potential for this penthouse in El Pinillo, Torremolinos?
Torremolinos is a licensed tourist rental market, and El Pinillo's position 300 metres from the beach supports demand for short-term holiday lets. A tourist rental licence (VFT) must be obtained from the Junta de Andalucía before letting the property. Rental income will depend on occupancy, seasonality, management costs and how the property is presented. We recommend speaking with a local rental management company for realistic projections.
What does the purchase process involve for overseas buyers?
You will first need a Spanish NIE (tax identification number), which can be obtained at a Spanish consulate in your country or in person at a police station in Spain. Once you have agreed the price, a reservation contract is signed and a small deposit (typically EUR 3,000 to 6,000) is paid to take the property off the market. This is followed by a private purchase contract (arras), at which point 10% of the purchase price is usually paid. Completion takes place before a Spanish notary, at which point the balance and all taxes and fees are settled. We strongly recommend appointing an independent Spanish property lawyer throughout this process.

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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
- 79 m²
- Energy Rating
- G


