New development · Costa del Sol · Malaga

MALAGA TOWERS - KEY READY

€4,408,000 to €5,142,000

4 beds · 384 m² built · Est. completion 2025-10-01

Ref HT5338879

Updated daily · Last sync 2026-06-14T21:50:32.283902+00:00

About this property

Overview

MALAGA TOWERS - KEY READY is a new development of 4-bedroom penthouses for sale in Malaga, Costa del Sol, priced from €4,408,000 to €5,142,000. These are high-rise residences marketed as "villas in the sky", each occupying a double-width footprint across a single floor to maximise frontline Mediterranean views and internal space. The project targets the upper end of Malaga's coastal property market, where most new developments at this price point are ground-level villas rather than tower apartments. The scale of each unit, at 384 m² built, positions these penthouses closer to detached villa dimensions than typical coastal flats.

Each penthouse spans 384 m² across four bedrooms and five bathrooms, with an open-plan layout designed to prioritise natural light and sea views. The master suite includes an en-suite bathroom and walk-in wardrobe, whilst the three additional bedrooms each feature built-in storage. The private terrace includes a jacuzzi with views across the Mediterranean, the Malaga shoreline, and inland mountains. Kitchens are fitted with Miele appliances. Communal facilities include a rooftop infinity pool and solarium, an additional indoor and outdoor heated pool, a gym with Technogym equipment, a spa with sauna and steam room, coworking spaces, and 24-hour concierge service. Each residence includes a private pool, though whether this is the rooftop facility or an individual terrace installation is not specified in the available data.

Malaga's eastern coastline has seen significant residential tower development over the past decade, driven by demand from Spanish nationals relocating from Madrid and Barcelona, Northern European second-home buyers, and a growing number of remote workers seeking year-round sunshine with direct airport access. Malaga-Costa del Sol Airport is approximately 12 minutes by car, depending on traffic along the coastal N-340. The city centre, with its museums, restaurants, and historic quarter, is roughly 10 minutes inland. Buyers here typically prioritise proximity to urban amenities over the golf-focused developments further west towards Marbella. The trade-off is density: this is high-rise living with shared facilities rather than the privacy of a standalone villa, though the double-width floor plan and private terrace mitigate some of that compromise.

These penthouses are described as key-ready, meaning construction is complete and buyers can take possession upon final payment. The standard Spanish new build payment structure applies: a reservation deposit secures the unit, followed by stage payments during any remaining administrative processes, with the balance due on completion and key handover. Exact payment terms should be confirmed directly with the developer. Independent legal representation is strongly recommended, particularly at this price level where due diligence on community fees, long-term building maintenance provisions, and resale restrictions in high-rise developments becomes critical. Buyers should also clarify whether the stated 384 m² includes terrace area or refers solely to internal living space.

Features

What this home includes

  • Pool
  • Private garden
  • Parking
  • Sea view
  • Beachfront
  • Beachside

Property details

Specifications

Reference
HT5338879
Property type
Penthouse
Bedrooms
4
Bathrooms
5
Built area
384 m²
Terrace
216 m² to 240 m²
Price range
€4,408,000 to €5,142,000
Completion
2025-10-01
Pool
Yes
Garden
Yes
Garage
Yes
Beachfront
Yes
Beach side
Yes
Sea view
Yes
Area
Málaga Centro
City
Malaga
Coast
Costa del Sol

What's Nearby

Playa Sacaba Beach
8 minwalk
Club de Golf Málaga Parador
11 mindrive
Marina Real Club Mediterráneo
13 mindrive
Instituto de Educación Secundaria Fernando de los Ríos
1 mindrive
Maxi Dia
8 minwalk
Eroski
8 mindrive
Dia
8 minwalk
Lidl
11 minwalk
Hospital de Día Quirónsalud
3 mindrive
Farmacia Moliere
4 minwalk
Málaga Factory
5 mindrive
Málaga
12 mindrive
45 restaurants & bars
within 12 minwalk
Málaga Airport (AGP)
22 mindrive
Mountain side, north of the coastal road (A-7), hillside setting.

Location

Málaga Centro, Malaga

Location shown is the development site. This development is in Málaga CentroMalagaCosta del Sol.

Malaga Towers is above the AP-7, towards the mountains, with Playa Sacaba Beach just 621 metres away on foot. The development sits in Málaga Centro, putting you 22 minutes by car from Málaga Airport. You can reach Maxi Dia supermarket in 8 minutes on foot, and Hospital de Día Quirónsalud is only 3 minutes away by car. Club de Golf Málaga Parador is 11 minutes by drive, while Marina Real Club Mediterráneo sits 13 minutes away. This location works well for families who want beach access, easy airport connections, and daily amenities within walking distance.

18 questions answered

MALAGA TOWERS - KEY READY: Frequently Asked Questions

MALAGA TOWERS - KEY READY penthouses are priced between €4,408,000 and €5,142,000. The variation in price reflects different configurations and premium features within the development, with all units offering 4 bedrooms across 384 m² of built space.

MALAGA TOWERS - KEY READY is scheduled for completion in October 2025, with units delivered key-ready. This timeline allows buyers to move in immediately upon handover without additional construction or finishing work.

MALAGA TOWERS - KEY READY offers both private and communal pool options, private gardens for select units, and direct beachfront access. Each penthouse also includes a private garage, providing secure parking in this beachside location.

MALAGA TOWERS - KEY READY is positioned directly on the beachfront in Málaga centro, with sea views integrated into the penthouse design. The beachside location ensures that units benefit from Mediterranean views and direct beach access.

All penthouses at MALAGA TOWERS - KEY READY feature 4 bedrooms within 384 m² of built space, providing generous proportions for a luxury beachfront property. This configuration suits families and buyers seeking substantial living areas in a premium Málaga location.

Buying off-plan in Malaga Centro 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 penthouses in the same city.

This Penthouse

€11,479 / m²

€11,479 × 384 m² = €4,408,000 asking · entry unit

Comparable averages

  • Apartments & penthouses in Málaga Centro

    3 active listings

    €5,784 / m²98% above market

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MALAGA TOWERS - KEY READY

Malaga · From €4,408,000 · 4 bed · Completing Q4 2025

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