New development · Costa del Sol · Torremolinos

MAGNA TORREMOLINOS

€412,000 to €1,484,000

1 to 4 beds · 52 to 161 m² built · Est. completion 2028-12-31

Ref HT5395186

Updated daily · Last sync 2026-06-14T21:50:32.757857+00:00

About this property

Overview

MAGNA TORREMOLINOS is a new development of 1 to 4-bedroom ground floor apartments for sale in Torremolinos, Costa del Sol, priced from €412,000 to €1,484,000. This is a large-scale project comprising 353 homes, which places it among the more substantial residential schemes currently under construction on this stretch of coastline. The development's architecture prioritises outdoor living space, with every unit designed around its terrace rather than the terrace being treated as an afterthought. At the upper end of the price range, penthouses include private rooftop pools and jacuzzis, which is unusual for ground floor apartment stock and suggests the supplier description may reference multiple building types within the same scheme.

Built sizes range from 52 m² for a 1-bedroom unit to 161 m² for a 4-bedroom home, with bathroom counts running from one to three depending on configuration. All apartments feature terraces, though dimensions are not specified in the available data. The development includes communal swimming pools and landscaped gardens. Mid-floor apartments, if available alongside the ground floor units listed, offer views over Torremolinos and the internal grounds. The layouts are described as contemporary and functional, designed to maximise natural light and connection between indoor and outdoor spaces. No parking provision is confirmed in the project data, which is worth clarifying given the scale of the development and the likelihood that most buyers will own a car.

La Carihuela Beach, one of the Costa del Sol's better-known stretches of sand with a long promenade lined with seafood restaurants, is a five-minute walk from the development. Torremolinos attracts a mix of Spanish domestic buyers, Northern European second-home owners, and retirees, particularly those who want beachfront access without Marbella pricing. The town has a well-established expat community and year-round services, which supports rental yields if the property is intended as an investment. Torremolinos is not a quiet village. It is a working town with a permanent population, summer crowds, and the accompanying noise and activity, particularly near the beachfront. Málaga Airport is 7 kilometres away, which makes access straightforward but also means occasional aircraft noise depending on wind direction and flight paths.

This is a new build project, though the supplier data does not confirm whether construction has commenced or whether sales are off-plan. Standard Spanish new build payment terms typically involve a reservation deposit of around €6,000, followed by stage payments during construction (often 20–30% on contract exchange, further instalments at key build milestones), with the balance due on completion when keys are handed over. All amounts and schedules must be confirmed directly with the developer. Independent legal representation is strongly recommended, particularly for a development of this scale where completion timelines and snagging processes can be complex. Buyers should also verify whether the quoted prices include VAT at 10% or if this is added separately.

Features

What this home includes

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

Property details

Specifications

Reference
HT5395186
Property type
Ground Floor Apartment
Bedrooms
1 to 4
Bathrooms
1 to 3
Built area
52 m² to 161 m²
Terrace
6 m² to 252 m²
Price range
€412,000 to €1,484,000
Completion
2028-12-31
Pool
Yes
Garden
Yes
Garage
Yes
Beach side
Yes
Sea view
Yes
City
Torremolinos
Coast
Costa del Sol

What's Nearby

Playa de la Carihuela
9 minwalk
Lidl
4 minwalk
ALDI
6 minwalk
Supercor
7 mindrive
Pharmacy
3 minwalk
Edificio Eurocentro
3 mindrive
110 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.

MAGNA TORREMOLINOS sits on the sea side of the AP-7, putting you between the motorway and the Mediterranean coast. Málaga Airport is just 8 kilometres away, a 28 minute drive, so getting to and from Spain is straightforward. You have a Lidl supermarket a 4 minute walk or 1 minute drive away for daily shopping. The development's beachfront position makes it ideal for families, holiday home buyers, and anyone wanting easy access to both the coast and airport.

18 questions answered

MAGNA TORREMOLINOS: Frequently Asked Questions

MAGNA TORREMOLINOS ranges from €412,000 for a 1-bedroom up to €1,484,000 for a 4-bedroom ground floor apartment. All units come with either a private or communal pool, private garage, and most include sea views and private garden space, depending on the specific layout you choose.

MAGNA TORREMOLINOS sits right on the beachfront in Torremolinos on the Costa del Sol, giving you direct beach access and sea views from your ground floor apartment. You're walking distance from local restaurants, shops, and the promenade, with Málaga airport about 15 minutes away by car.

MAGNA TORREMOLINOS offers ground floor apartments ranging from 52 m² for a 1-bedroom unit up to 161 m² for a 4-bedroom property. This gives you flexibility whether you're looking for a compact beach apartment or a spacious family home with multiple bedrooms.

Being ground floor units at MAGNA TORREMOLINOS means direct access to your private garden and the communal or private pool areas, plus unobstructed sea views across the Mediterranean. The beach-side location combined with private garage parking makes this a rare offering for ground floor living on the Costa del Sol.

MAGNA TORREMOLINOS is expected to be completed by the end of 2028, so you're looking at approximately 4 years from now. This gives you time to plan your move and secure financing while the development is being built to completion.

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 ground floor apartments in the same city.

This Ground floor apartment

€7,923 / m²

€7,923 × 52 m² = €412,000 asking · entry unit

Comparable averages

  • Apartments & penthouses in Torremolinos

    7 active listings

    €6,196 / m²28% above market

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MAGNA TORREMOLINOS

Torremolinos · From €412,000 · 1 to 4 beds · Completing Q4 2028

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