New development · Costa del Sol · Benalmadena

NEXUS RESIDENCES - KEY READY

From €524,000

3 beds · 164 m² built · Est. completion 2025-08-01

Ref HT4742533

Updated daily · Last sync 2026-06-14T21:50:29.112685+00:00

About this property

Overview

NEXUS RESIDENCES - KEY READY is a new development of 3-bedroom ground floor apartments for sale in Benalmádena, Costa del Sol, priced at €524,000. This is a small-scale project of 35 units in total, offering 2, 3, and 4-bedroom configurations, which positions it as a more intimate residential scheme than the larger complexes that dominate much of the Costa del Sol coastline. The key-ready status means buyers can complete and move in immediately, avoiding the extended wait and construction risk associated with off-plan purchases. At this price point for a 164 m² ground floor unit in Benalmádena, the development sits slightly above the local average for comparable new builds, reflecting the completion status and the amenities included.

Each 3-bedroom ground floor apartment offers 164 m² of built space with two bathrooms. The supplier description references a "slow living" design philosophy, which typically translates to larger terraces, open-plan layouts, and communal areas designed for extended use rather than purely decorative purposes. The development includes a shared swimming pool and dedicated leisure areas for both children and adults, suggesting facilities beyond a single pool deck. Ground floor units in this type of scheme usually include direct terrace access to garden areas, though the exact outdoor space allocation for this specific unit type is not detailed in the available data. The project accommodates a range of household sizes across its 35 apartments and penthouses, so resale appeal extends beyond the single-family market.

Benalmádena occupies a middle position along the Costa del Sol, roughly 20 minutes by car from Málaga Airport and 25 minutes from Marbella's western edge. The town attracts a mix of permanent residents, retirees from Northern Europe, and second-home buyers who value proximity to the airport without the density or price levels of Marbella or Estepona. Benalmádena Pueblo, the old town set inland on the hillside, is a separate entity from the coastal strip where most new developments sit. The marina at Puerto Marina, one of the larger on the coast, is approximately 10 minutes by car depending on which part of Benalmádena the development occupies. The area has established itself as a year-round residential location rather than a purely seasonal one, which supports rental yields and resale liquidity. Road access along the A-7 coastal highway is straightforward, though summer traffic between the airport and Marbella can extend journey times significantly.

This development is described as key-ready, meaning construction is complete and units are available for immediate occupation. The standard Spanish new build payment structure does not apply here, as buyers will typically pay a reservation deposit followed by the balance on completion, with timings compressed compared to off-plan schedules. Independent legal representation remains essential to verify community fees, the status of the developer's building licence, and first occupation certificates. Ground floor apartments in communal schemes often carry slightly higher community fees than mid-floor units due to garden maintenance allocations, a detail worth clarifying during the purchase process.

Features

What this home includes

  • Pool
  • Private garden
  • Parking
  • Sea view
  • Beachside
  • South facing

Property details

Specifications

Reference
HT4742533
Property type
Ground Floor Apartment
Developer
SP-2 SANTANGELO NORTE
Bedrooms
3
Bathrooms
2
Built area
164 m²
Terrace
106 m²
Plot size
66 m²
Price range
€524,000
Completion
2025-08-01
Pool
Yes
Garden
Yes
Garage
Yes
Beach side
Yes
Sea view
Yes
South facing
Yes
City
Benalmadena
Coast
Costa del Sol

What's Nearby

Playa de Santa Ana
8 mindrive
Golf Benalmadena Pitch& Putt
7 mindrive
Puerto Deportivo de Fuengirola
15 mindrive
The British College
14 mindrive
Bifrostskolen - Colegio Danes
5 mindrive
Carrefour Market
14 minwalk
Mercadona
6 mindrive
Dia
6 mindrive
Supercor
11 mindrive
Hospital de Alta Resolución de Benalmádena
9 mindrive
Farmacia Carola
15 minwalk
Costasol Centro
10 mindrive
Arroyo de la Miel-Benalmádena Costa
7 mindrive
809 restaurants & bars
within 10 mindrive
Málaga Airport (AGP)
25 mindrive
Mountain side, north of the coastal road (A-7), hillside setting.

Location

Benalmadena

Location shown is the development site. This development is in BenalmadenaCosta del Sol.

Nexus Residences sits above the AP-7, towards the mountains, in a quieter part of Benalmadena away from the coast road. Playa de Santa Ana is about 3km away, a relaxed 8-minute drive down to the beach. Málaga Airport is 25 minutes away by car, making this practical for those who travel regularly. You have Golf Benalmadena Pitch & Putt nearby for a quick round, plus Carrefour Market is just a 4-minute drive for daily shopping. The British College and Hospital de Alta Resolución de Benalmádena are both close by. This location suits families and golfers who want access to amenities without living right on the coast.

18 questions answered

NEXUS RESIDENCES - KEY READY: Frequently Asked Questions

The price covers a fully finished 3-bedroom ground floor apartment of 164 m² with a private garden, private garage, and your choice of either a private or communal pool. NEXUS RESIDENCES - KEY READY is delivered key-ready, meaning you can move in immediately without any additional renovation work needed.

NEXUS RESIDENCES - KEY READY is located beachside in Benalmadena on the Costa del Sol, giving you direct access to the beach and Mediterranean views. The south-facing orientation means you'll have excellent natural light and sunshine throughout the day.

Yes, NEXUS RESIDENCES - KEY READY features sea views from the apartments. Combined with the south-facing aspect and beachside location, you'll enjoy constant views of the Mediterranean from your home.

Each apartment at NEXUS RESIDENCES - KEY READY includes a private garden, and you can choose between a private pool or access to a communal pool facility. You also get a private garage, which is essential for parking in this beachfront area.

NEXUS RESIDENCES - KEY READY is expected to be completed in August 2025, and since it's delivered key-ready, you can move straight in without waiting for construction or finishing work. This means you could be enjoying your beachside home by late summer 2025.

Buying off-plan in Benalmadena 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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Market context

How it sits in the market

Live €/m² comparisons from current inventory of similar ground floor apartments in the same city.

This Ground floor apartment

€3,195 / m²

€3,195 × 164 m² = €524,000 asking · entry unit

Comparable averages

  • Apartments & penthouses in Benalmadena

    5 active listings

    €6,918 / m²54% below market

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NEXUS RESIDENCES - KEY READY

Benalmadena · From €524,000 · 3 bed · Completing Q3 2025

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