New development · Costa del Sol · Torremolinos

MAGNA TORREMOLINOS FASE II

€363,000 to €1,482,000

1 to 4 beds · 52 to 160 m² built

Ref HT5423149Updated daily · Last sync 25 August 2026

About this property

Overview

This 353-home scheme in Torremolinos sits a five-minute walk from La Carihuela beach, one of the better-known stretches on this part of the coast. The walk to the shore puts restaurants, beach bars and the promenade within easy reach on foot, but the street position itself is set back from the noise and the crowds that gather along the waterfront in summer. Most errands and amenities lie within the town centre, also walkable, though a car opens up the wider coast and Málaga airport is ten kilometres east.

The apartments range from compact one-bedroom flats of 52 square metres to four-bedroom homes three times that size. The smaller units suit singles or couples looking for a pied-à-terre or a manageable year-round base, while the larger layouts accommodate families or buyers wanting proper separation between living spaces and bedrooms. Mid-floor apartments come with large terraces and views over Torremolinos and the landscaped communal gardens. The penthouses include private terraces fitted with a plunge pool, jacuzzi and chill-out zone, along with wider views.

The setting means you can walk to the beach and the town without needing a car for daily routines, but the scheme is large and sits in a built-up residential quarter rather than on a quiet hillside or golf estate. The shared facilities include swimming pools and gardens, and the terrace sizes are generous, which matters on the coast where outdoor space gets used most of the year. The drawback is the scale: 353 homes make for a dense community, and the immediate surroundings are urban rather than green or especially quiet.

Property details

Specifications

Reference
HT5423149
Property type
Apartment
Bedrooms
1 to 4
Bathrooms
1 to 3
Built area
52 m² to 160 m²
Price range
€363,000 to €1,482,000
City
Torremolinos
Coast
Costa del Sol

Location

Torremolinos

Torremolinos

Exact location available on request. This development is in TorremolinosCosta del Sol.

18 questions answered

MAGNA TORREMOLINOS FASE II: Frequently Asked Questions

The apartments range from 52 square metres for a one-bedroom flat to 161 square metres for a four-bedroom home. The smaller units work as lock-up bases or for couples, while the larger layouts offer proper separation between living areas and bedrooms, which matters for families or buyers who need dedicated work or guest space.

La Carihuela beach is a five-minute walk from the development. That puts the sand, the promenade and a line of restaurants within easy reach on foot, but the scheme itself sits set back from the waterfront noise and the summer crowds.

Mid-floor apartments come with large terraces overlooking the town and the communal gardens. Penthouses include private terraces fitted with a plunge pool, jacuzzi and chill-out zone. The shared facilities include swimming pools and landscaped gardens maintained as part of the community fees.

The location suits year-round living because the beach, town centre, shops and restaurants all lie within walking distance. You can manage daily routines without a car, though having one opens up the wider Costa del Sol and makes larger shopping trips easier.

The scheme holds 353 homes, which makes for a dense community and busier shared facilities than you would find in a smaller building. The immediate surroundings are urban and built-up rather than green or quiet, so this suits buyers prioritising beach access and walkable amenities over seclusion.

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 apartments in the same city.

This Apartment

€6,981 / m²

€6,981 × 52 m² = €363,000 asking · entry unit

Comparable averages

  • Apartments & penthouses in Torremolinos

    8 active listings

    €5,896 / m²18% above market

Similar projects

More developments in Torremolinos

Ykines

Ykines

Torremolinos

From €290,000
RESIDENCIAL LIVING GARDENS

RESIDENCIAL LIVING GARDENS

Torremolinos

From €357,500
Kool Homes

Kool Homes

Torremolinos

From €428,000
Kosmos

Kosmos

Torremolinos

From €429,000
MAGNA TORREMOLINOS FASE I

MAGNA TORREMOLINOS FASE I

Torremolinos

From €475,000
One Oak

One Oak

Torremolinos

From €563,000
View all new developments

Newsletter · Every Friday

Track the Costa del Sol market without the noise.

Every Friday: the properties worth a second look, what prices are doing in Marbella and Estepona, and one honest take on the market. For buyers who are serious, but not ready to be sold to yet.

Join 1,200 buyers and investors already tracking the Costa del Sol.

David Los

Founder