4th-Floor New-Build Penthouse in El Pinillo, Torremolinos
El Pinillo, Torremolinos · Malaga
2 Bed2 Bath89 m²Energy: G
Description
A new-build penthouse on the fourth floor of a 62-unit residential complex in El Pinillo, Torremolinos, this 89 m2 property includes a private solarium, two bathrooms, and two allocated parking spaces. The building contains a mix of apartments, ground-floor units, and penthouses across a total of 62 homes. Interiors feature porcelain tile flooring, built-in wardrobes, and a full appliance package. A video intercom system is fitted throughout the development. The energy rating is G.El Pinillo sits between the centre of Torremolinos and the La Carihuela seafront, giving residents straightforward access to both areas. The development is 300 metres from the sea, placing the beach and the Paseo Marítimo promenade within a short walk. Local shops, bars, and restaurants line the streets of El Pinillo, and Torremolinos town centre is easily reached on foot. Málaga Airport (AGP) is 20 minutes by road, which makes El Pinillo a practical base for frequent travellers.Community fees are currently listed at zero for this property. IBI and rubbish collection figures are not yet confirmed and should be verified with the agent before exchange. As a new build in Andalucía, this purchase carries IVA (VAT) at 10% of the purchase price plus AJD stamp duty at 1.2%; ITP does not apply. Reduced rates and local allowances may apply if you meet this region's conditions, for example age, large-family or disability status, or buying a primary residence. Torremolinos holds a tourist licence zone, and properties in El Pinillo have proven rental demand from both short-stay and long-stay tenants.The private solarium provides a dedicated outdoor area on the upper level. Communal facilities include a swimming pool, garden zones, and a gym. Two garage spaces are allocated to this unit, which is above the single space typical of comparable new-build apartments in the area.
Features
- Communal pool
- Solarium
- Lift
- Parking (2 spaces)
- Built-in wardrobes
- Fitted appliances
- Porcelain tile flooring
- Video intercom
- Community garden
- Community gym
- New build
- Air conditioning
- 4th floor
Property Details
| Property Type | Penthouse |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Built Area | 89 m² |
| Floor | 4 |
| Energy Certificate | G |
| Reference | 41587828-09 |
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 purchase costs on top of the asking price?
As a new build in Andalucía, this purchase carries IVA (VAT) at 10% of the purchase price plus AJD stamp duty at 1.2% of the purchase price. ITP does not apply. Additional costs include notary fees (typically EUR 600–1,200), land registry fees (typically EUR 400–800), and legal fees of around 1% of the purchase price plus VAT. Reduced rates and local allowances may apply if you meet the region's conditions, for example age, large-family or disability status, or buying a primary residence — worth checking before you budget.
Can I get a mortgage as a non-resident buyer?
Non-resident buyers typically need a deposit of 30–40% of the purchase price, as Spanish lenders generally offer up to 60–70% loan-to-value for overseas purchasers. Variable and fixed rates currently range from approximately 3.5% to 4.5%, depending on the lender and your financial profile. A mortgage broker with experience in Spanish property can help you compare options before you make an offer.
What are the ongoing running costs?
Community fees for this property are currently listed at zero; you should confirm with the agent whether this reflects the completed development or a pre-completion estimate. IBI (council tax) and basura (rubbish collection) figures have not yet been confirmed for this unit and should be verified before exchange. The energy rating is G.
How do I arrange a viewing?
You can request an in-person viewing through the OceanHome office or contact the listing agent directly. Video viewings are also available if you are not yet in Spain, allowing you to walk through the property and ask questions in real time before travelling.
Is this property suitable as a holiday rental investment?
Torremolinos operates within a designated tourist licence zone, and El Pinillo in particular benefits from year-round visitor demand due to its proximity to the beach and the airport. Short-stay rental activity is well established in the area. You should confirm tourist licence availability for this specific unit with the developer and seek independent rental income advice, as yields vary by season and management approach.
What does the purchase process involve?
You will first need a Spanish NIE (tax identification number), which your solicitor can apply for on your behalf. Once you have agreed a price, a reservation contract is signed and a holding deposit paid to take the property off the market. This is followed by a private purchase contract (arras or contrato de compraventa), at which point a further deposit, typically 10% of the purchase price, is paid. Completion takes place before a notary, at which point the balance and all taxes are settled and the title deed (escritura) is signed. Using an independent Spanish solicitor throughout is strongly advised.
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
- 89 m²
- Energy Rating
- G
