New-Build 3-Bedroom Penthouse in Montemar, Torremolinos
Montemar, Torremolinos · Malaga
3 Bed2 Bath165 m²Energy: G
Description
A third-floor new-build penthouse in Montemar, Torremolinos, this 165 m2 property includes 3 bedrooms, 2 bathrooms, a private solarium, and 2 dedicated parking spaces. The building is served by a lift and equipped with an alarm system. Air conditioning is fitted throughout, and a communal pool is available to residents. The energy rating is G.Montemar is a residential district on the western edge of Torremolinos, running along the Paseo Marítimo and backed by quiet streets lined with local shops and cafés. The neighbourhood sits between the centre of Torremolinos and the Benalmádena border, giving straightforward access to both. Málaga Airport is approximately 20 minutes by road, making this one of the better-connected parts of the Costa del Sol for frequent travellers.Community fees are currently recorded at zero, though buyers should confirm this directly with the developer before exchange. IBI and basura figures are not yet available for this new-build and should be requested before completion. Given Montemar's proximity to the beach and the airport, the property is well placed for short-term holiday letting, subject to obtaining the relevant Andalucían tourist licence.
Features
- New build
- Communal pool
- Solarium
- Lift
- Parking (2 spaces)
- Alarm system
- Air conditioning
- 3 bedrooms
- 2 bathrooms
- 165 m2 interior
- Third-floor position
Property Details
| Property Type | Penthouse |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Built Area | 165 m² |
| Floor | 3 |
| Energy Certificate | G |
| Reference | 96747588-01 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
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Location
Montemar, Torremolinos · 36.6032, -4.5159
About Montemar, Torremolinos
Torremolinos is one of the most popular destinations on Spain's Costa Blanca.
Frequently Asked Questions
What purchase costs should I budget for 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%. ITP does not apply. Both rates are set by the Autonomous Community of Andalucía. 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 this 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 in Spain can typically borrow up to 60–70% of the purchase price, meaning a deposit of 30–40% is usually required. Current mortgage rates from Spanish lenders for non-residents range from approximately 3.5% to 4.5%, depending on the lender and your financial profile. A mortgage broker with experience in cross-border Spanish finance can help you compare options before you commit.
What are the ongoing running costs for this property?
Community fees are currently recorded as zero; buyers should verify this figure directly with the developer. Annual IBI (council tax) and basura (waste collection) charges are not yet available for this new-build development and should be requested from the developer or agent before completion.
Can I view the property remotely before travelling to Spain?
Yes. We offer video viewings for buyers who are unable to travel immediately. Our agents can walk you through the property and the development on a live video call, and can also provide additional photographs or floor plans on request. In-person viewings in Montemar can be arranged once you are ready to visit.
Is this property suitable as a rental investment?
Montemar's location close to both Torremolinos town centre and Málaga Airport makes it attractive to short-term holiday renters. To let a property legally in Andalucía you will need a regional tourist licence (Vivienda con Fines Turísticos). Demand in this part of the Costa del Sol is generally strong across the summer season and can extend into spring and autumn. We recommend consulting a local property manager for realistic occupancy and income projections.
What does the purchase process involve?
You will first need a Spanish tax identification number (NIE), which your solicitor can apply for on your behalf. The process typically begins with a reservation agreement and a holding deposit, followed by a formal private purchase contract (arras) in which a larger deposit — commonly 10% — is paid. The balance is settled at the notary on the day of completion, when the title deed (escritura) is signed and ownership is formally transferred. We recommend appointing an independent Spanish solicitor before reserving.
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
- 165 m²
- Energy Rating
- G
