New development · Costa del Sol · Benalmádena
ÓLEO
€725,000 to €1,099,000
2 to 3 beds · 110 to 170 m² built · Est. completion Q2 2028
Ref HT5287399Updated daily · Last sync 26 October 2026
ÓLEO is in Carvajal, Benalmádena.
About this property
Overview
ÓLEO is a small collection of 42 apartments in Carvajal, less than 650 metres from the beach. The homes range from 110 square metres for a two-bedroom up to 170 square metres for a three-bedroom, and terraces are generous: from 26 square metres at the smallest to 102 square metres on the larger units. The layouts are open plan with floor-to-ceiling windows, designed to bring light through the living spaces. Sea views are available from most homes, and the upper floors have panoramic outlooks. Ground-floor apartments have private gardens, and upper units have larger wraparound terraces.
The location is on the quieter, beachside stretch of Carvajal, which means you can walk to Playa de Torreblanca in eight minutes. Fuengirola town centre is a ten-minute drive for supermarkets, restaurants and the weekly market. Málaga Airport is 34 minutes by car, which makes this practical for international buyers or families with regular travel. The AP-7 is close, so access to Marbella or Málaga is straightforward, but the motorway also means some traffic noise depending on which way your apartment faces.
The project has a communal pool and landscaped gardens shared across the block. The setting suits buyers who want beach proximity without the density of Fuengirola's main beachfront, and families will find a primary school five minutes away by car. The downside is that you are not in the centre of the action: bars, shops and the promenade require a drive or a longer walk. This works for those after a quieter base with the coast in reach, less so for anyone wanting to step straight out into town life.
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Features
What this home includes
- Pool
- Private garden
- Sea view
- Beachside
Property details
Specifications
- Reference
- HT5287399
- Property type
- Apartment
- Bedrooms
- 2 to 3
- Bathrooms
- 2
- Built area
- 110 m² to 170 m²
- Terrace
- 26 m² to 102 m²
- Price range
- €725,000 to €1,099,000
- Est. completion
- Q2 2028
- Pool
- Yes
- Garden
- Yes
- Beach side
- Yes
- Sea view
- Yes
- Area
- Carvajal
- City
- Benalmádena
- Coast
- Costa del Sol
What's Nearby
Location
Carvajal, Benalmádena
Location shown is the development site. This development is in CarvajalBenalmádena.
ÓLEO sits on the sea side of the AP-7 in Carvajal, just 646 metres from Playa de Torreblanca. The beach is an 8 minute walk away. Málaga Airport is 15km south, a 34 minute drive for easy arrivals and departures. Fuengirola town centre is 10 minutes by car, offering shops, bars and restaurants. Families will find Colegio de Educación Infantil y Primaria Valdelecrín nearby at 5 minutes drive, while golfers can reach Golf Benalmadena Pitch & Putt in 14 minutes. This location works best for families wanting beach access and convenient airport connections, or buyers seeking a holiday base close to local amenities.
18 questions answered
ÓLEO: Frequently Asked Questions
How big are the apartments?
Two-bedroom apartments start at 110 square metres, and three-bedroom units go up to 170 square metres. Terraces add another 26 to 102 square metres depending on the floor and layout. Ground-floor homes have private gardens, while upper apartments have wraparound terraces that make the most of the sea views.
Is the beach within walking distance?
Yes. Playa de Torreblanca is 0.6 kilometres away, which works out to about eight minutes on foot. The walk is flat and straightforward, so you do not need a car for the beach. The setting is quieter than the main Fuengirola beachfront, which means fewer crowds but also fewer bars and restaurants immediately to hand.
What can you walk to from Carvajal?
The beach is the main thing within easy walking distance. For everything else, including supermarkets, the weekly market in Fuengirola and most restaurants, you will need a car or be prepared for a longer walk. The nearest supermarket is 1.9 kilometres away, which is manageable but not quick.
How far is Málaga Airport?
Málaga Airport is 15 kilometres away, about 34 minutes by car under normal traffic. That makes this practical for lock-up-and-leave use or if you travel regularly. The drive uses the AP-7 motorway, which is fast but does mean some properties will pick up motorway noise depending on orientation.
What is nearby for families?
The British College is 3.2 kilometres away, a nine-minute drive, and there is a primary school five minutes by car. Hospital Vithas Xanit International is 15 minutes away in Benalmádena. Day-to-day shopping and healthcare are covered, but you are outside the centre of Fuengirola, so most errands involve getting in the car.
How does buying off-plan work in Spain?
Buying off-plan in Carvajal means reserving a property before or during construction. You pay a reservation deposit (typically €6,000 to €12,000), then sign a private purchase contract within 30 days and pay a further 10 to 20% of the purchase price. Staged payments follow the construction milestones. The final 60 to 70% is paid at notary completion when the keys are handed over.
Are my deposits protected if the developer goes bust?
Under Spanish law (Law 57/1968 and its 2015 successor), all off-plan deposits must be covered by a bank guarantee or insurance policy. Your lawyer must verify this before you pay any money. If the developer fails to deliver, you can claim 100% of your deposit plus 6% annual interest. Never transfer funds without a confirmed guarantee in your name.
What building guarantees come with a new-build?
Spanish law mandates three tiers: a 10-year structural guarantee (Seguro Decenal) for serious structural defects, a 3-year guarantee for habitability issues (waterproofing, insulation, installations), and a 1-year guarantee on finishes and fixtures. These run from the date the licence of first occupation (licencia de primera ocupación) is issued.
What taxes apply to new-build property in Spain?
New-build purchases are subject to 10% IVA (VAT) on the purchase price, plus 1.2% AJD (stamp duty) in Andalucía. Parking spaces or storage sold separately may attract 21% IVA. Add notary, land registry and legal fees (1 to 2%), budget 12 to 15% on top of the purchase price in total acquisition costs.
Can I customise finishes and layout before completion?
Most developers allow personalisation during the early construction phase, choices of floor tiles, kitchen units, bathroom fixtures, paint colours and sometimes layout tweaks. The window for changes is typically 3 to 6 months after signing the contract. Structural changes are rarely possible once work has started. Your sales representative will provide a customisation deadline and specification sheet.
How long will construction take?
Typical build time in coastal Spain is 18 to 30 months from licence grant to completion. Delays of 3 to 6 months are common due to weather, supply-chain or permit issues. Your contract should specify a longstop completion date and the compensation you are owed for any overrun. Always check whether the building licence has already been granted before reserving.
What should I check before signing an off-plan contract?
Key due-diligence points: (1) confirm the building licence is granted, not just applied for; (2) verify all deposits are bank-guaranteed in your name; (3) check the developer's track record and financial standing; (4) review the specification sheet and what is included in the price; (5) confirm the estimated completion date and longstop clause; (6) have an independent Spanish lawyer review the contract before you sign anything.
Do I need a NIE and Spanish bank account to buy off-plan?
Yes, both are required before the final notary signing. You can reserve with a passport, but your Spanish NIE (foreigner tax number) is needed for the private purchase contract and your Spanish bank account for the staged transfers. Your lawyer can obtain your NIE with a power of attorney in 2 to 4 weeks. Open the bank account on your first trip to Spain or remotely via certain Spanish banks.
Can non-residents get a Spanish mortgage?
Yes. Spanish banks lend to non-residents at typical LTVs of 60 to 70% of the lower of purchase price or valuation (vs 80% for residents). Rates are competitive with the rest of the eurozone. You will need 6 months of bank statements, tax returns and proof of income, pre-approval takes 2 to 4 weeks.
Should I get pre-approval before viewing?
Recommended for serious buyers. A mortgage in principle confirms your budget, signals credibility to sellers and shortens completion. We can introduce you to specialist non-resident mortgage brokers familiar with the local market.
What taxes will I pay buying a property in Carvajal?
Resale property in Andalucía: ITP (transfer tax) at 7%. New-build: 10% IVA + 1.2% AJD (stamp duty). Plus notary, land registry and legal fees of roughly 1 to 2%. Budget 10 to 13% on top of the asking price for total acquisition costs.
What ongoing costs should I expect?
Annual IBI (council tax) is typically 0.4 to 1.1% of cadastral value. Community fees on apartments and gated villas range €100 to €600/month depending on amenities. Non-resident owners pay an annual income tax based on cadastral value, plus utilities and home insurance.
Are agent fees paid by the buyer or seller?
In Spain the seller pays the agent commission (typically 3 to 6% + VAT), already baked into the asking price. Buyers do not pay agent fees on resale or new-build.
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