New development · Costa del Sol · Torremolinos

Kool Homes

From €790,000

3 beds · 87 m² built

Ref HT5032750

Updated daily · Last sync 2026-06-14T21:50:30.432778+00:00

About this property

Overview

Kool Homes is a new development of 3-bedroom penthouses for sale in Torremolinos, Costa del Sol, priced at €790,000. The project comprises just 16 homes across a low-rise structure, with all units at the penthouse level offering private solariums and the option to install individual pools. This is a small-scale scheme in a residential area away from the beachfront hotel zone, appealing to buyers who want a quieter setting while remaining within Torremolinos itself. The development includes 32 parking spaces across a basement level, double the number of homes, which is unusual for a project of this size.

Each penthouse measures 87 m² of built space and includes three bedrooms and two bathrooms. All units feature private solariums on the roof level, where owners can install their own pools if desired. The development includes a communal saltwater pool, landscaped gardens, and a multifunctional lounge with a small kitchen, terrace, and Wi-Fi. The architecture prioritises natural light through large windows that extend the living areas onto the terraces. Orientation has been planned to maximise daylight and capture sunsets. The development uses aerothermal heating and radiant cooling floor systems, with a focus on energy efficiency and low-emission construction materials. Existing plant species on the site are being retained within the landscaping.

Málaga Airport is 7 kilometres away, a 10-minute drive under normal traffic conditions, making this one of the closest new developments to the airport on the Costa del Sol. El Pinillo train station connects directly to the airport, Málaga city centre, and the AVE high-speed rail station in under 15 minutes. Torremolinos attracts a mix of permanent residents and second-home buyers, many from Northern Europe, drawn by the year-round accessibility and lower price point compared to Marbella or Estepona. The town has an established international community and a reputation for tolerance and diversity. Playa de la Carihuela, a long stretch of beach lined with seafood restaurants, is 2 kilometres from the development. The location is residential and quiet, but this also means it lacks the immediate walkability to amenities that beachfront or town-centre schemes offer.

The development is currently off-plan. The standard Spanish payment structure applies: a reservation deposit secures the unit, followed by stage payments during construction, with the balance due on completion and key handover. All amounts and payment schedules must be confirmed directly with the developer. Independent legal representation is strongly recommended, particularly for buyers unfamiliar with Spanish property law. Torremolinos records more than 300 days of sunshine annually, one of the highest counts on the coast, which supports both rental yields and personal use throughout the year.

Features

What this home includes

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

Property details

Specifications

Reference
HT5032750
Property type
Penthouse
Bedrooms
3
Bathrooms
2
Built area
87 m²
Terrace
78 m²
Price range
€790,000
Pool
Yes
Garden
Yes
Garage
Yes
Beach side
Yes
Sea view
Yes
South facing
Yes
City
Torremolinos
Coast
Costa del Sol

What's Nearby

Playa Malapesquera
11 minwalk
Lidl
2 minwalk
Dia
4 minwalk
Carrefour
7 minwalk
Farmacia Costa del Sol
5 minwalk
Edificio Eurocentro
2 mindrive
96 restaurants & bars
within 12 minwalk
Málaga Airport (AGP)
28 mindrive
Beachside, south of the coastal road (A-7), close to the Mediterranean.

Location

Torremolinos

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

Kool Homes sits on the sea side of the AP-7 in Torremolinos, placing you between the motorway and the Mediterranean. Málaga Airport is 8.1km away, a 28-minute drive, making this location practical for those who travel frequently. A Lidl supermarket is just 130 metres from the development, a two-minute walk or drive for daily shopping. The beachfront position combined with easy motorway access makes this ideal for families and holiday buyers who want coastal living without sacrificing convenience.

18 questions answered

Kool Homes: Frequently Asked Questions

Kool Homes penthouses start from €790,000 and include 3 bedrooms across 87 m² of built space, a private garage, and access to either a private or communal pool depending on the unit. Each penthouse also features a private garden, allowing you to enjoy outdoor space with sea views from your own property.

Kool Homes is located in Torremolinos on the Costa del Sol, positioned right by the beach with direct access to the coastline. This beachside location means you're steps away from the Mediterranean, local restaurants, and the town's amenities while enjoying a relaxed coastal lifestyle.

Yes, Kool Homes penthouses feature sea views as a standard aspect of the development, and the south-facing orientation ensures you get excellent natural light and views throughout the day. The beachside location of Kool Homes means these views are a key selling point of the property.

Each Kool Homes penthouse comes with a private garden, giving you your own outdoor area to relax in. You also have access to either a private or communal pool depending on which unit you choose, plus your own garage for secure parking.

Kool Homes is currently under construction and being sold off-plan, so completion dates will depend on the specific unit you purchase. Contact the sales team for the exact timeline for your chosen penthouse, as different units may have different delivery schedules.

Buying off-plan in Torremolinos 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

€9,080 / m²

€9,080 × 87 m² = €790,000 asking · entry unit

Comparable averages

  • Apartments & penthouses in Torremolinos

    7 active listings

    €6,030 / m²51% above market

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Kool Homes

Torremolinos · From €790,000 · 3 bed

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