New development · Costa del Sol · Torremolinos

One Oak

€563,000 to €787,000

2 to 4 beds · 112 to 138 m² built · Est. completion 2027-03-31

Ref HT4148251

Updated daily · Last sync 2026-06-14T21:50:28.659415+00:00

About this property

Overview

One Oak is a new development of 2 to 4-bedroom ground floor apartments for sale in Torremolinos, Costa del Sol, priced from €563,000 to €787,000. The development occupies a residential position within walking distance of municipal facilities including schools, sports centres, and the town auditorium, which reduces dependence on a car for daily errands. This level of local infrastructure is unusual for a new build project on the Costa del Sol, where many developments prioritise beachfront proximity over established neighbourhood services.

Built sizes range from 112 to 138 m² across the bedroom configurations. All units include two bathrooms regardless of bedroom count, which may influence layout efficiency in the larger four-bedroom homes. The development includes a communal swimming pool. Ground floor positioning means direct access to private outdoor space, though terrace dimensions are not specified in the available data. No parking allocation is confirmed, which warrants clarification given the price bracket and the likelihood that buyers will own vehicles despite the walkable location.

The Municipal Sports Centre and Los Manantiales recreational area are both within the immediate neighbourhood on foot. Málaga Airport is 10 minutes by car, making this one of the most accessible new build locations on the coast for international owners who travel frequently. Torremolinos attracts a mix of Spanish families, long-term Northern European residents, and investors targeting the year-round rental market due to the town's transport links and established services. The suburban train station is 15 minutes on foot, connecting directly to Málaga city centre and Fuengirola without the need to drive. Torremolinos lacks the exclusivity of Marbella or the village character of inland towns, but it compensates with practicality: supermarkets, healthcare, and schools are all within a short walk, which matters more to full-time residents than to holiday-home buyers.

Completion status is not confirmed in the available data, so buyers should establish whether this is off-plan, under construction, or nearing handover. In Spain, new build purchases typically require a reservation deposit to secure a unit, followed by stage payments during construction if the project is not yet complete, with the balance paid on completion when keys are handed over. All amounts and payment schedules must be confirmed directly with the developer. Engage an independent lawyer before signing any contract or transferring funds. Ground floor apartments in Spain often include private garden access, but the extent and exclusivity of outdoor space should be verified in writing before committing.

Features

What this home includes

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

Property details

Specifications

Reference
HT4148251
Property type
Ground Floor Apartment
Bedrooms
2 to 4
Bathrooms
2
Built area
112 m² to 138 m²
Terrace
13 m² to 99 m²
Price range
€563,000 to €787,000
Completion
2027-03-31
Pool
Yes
Garden
Yes
Garage
Yes
Beach side
Yes
Sea view
Yes
South facing
Yes
City
Torremolinos
Coast
Costa del Sol

What's Nearby

El Gato Beach
22 minwalk
Campo de Golf Miguel Ángel Jiménez
7 mindrive
Puerto Deportivo de Fuengirola
18 mindrive
The British College
18 mindrive
Instituto de Educación Secundaria Costa del Sol
6 mindrive
Carrefour
15 minwalk
Lidl
8 mindrive
ALDI
8 mindrive
Supercor
14 mindrive
Hospital Marítimo de Torremolinos
9 mindrive
Farmacia Entrepinos
11 minwalk
Costasol Centro
7 mindrive
Torremolinos
5 mindrive
8 restaurants & bars
within 12 minwalk
Málaga Airport (AGP)
20 mindrive
Mountain side, north of the coastal road (A-7), hillside setting.

Location

Torremolinos

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

One Oak sits above the AP-7, towards the mountains in Torremolinos, putting you in a quieter setting while staying close to the coast. El Gato Beach is a 22-minute walk or 10-minute drive away. Málaga Airport is just 20 minutes by car, making it convenient for frequent travellers. You can reach Torremolinos town centre in 5 minutes, and Campo de Golf Miguel Ángel Jiménez is a 7-minute drive for regular golfers. The Carrefour supermarket is 15 minutes on foot, and schools including Instituto de Educación Secundaria Costa del Sol and The British College are nearby. This location suits families and golfers who want mountain views without sacrificing easy access to beaches, amenities, and the airport.

18 questions answered

One Oak: Frequently Asked Questions

The price at One Oak covers the apartment itself, a private garage space, and access to either a private or communal pool depending on your unit. All units come with either a private garden or terrace, and the south-facing orientation means you'll get natural light throughout the day. The exact inclusions vary slightly by apartment size and layout, so it's worth confirming the specific details for the unit you're interested in.

One Oak is a beach-side development in Torremolinos, so you're right on the coast with direct access to the shoreline. The location puts you within walking distance of the town's restaurants, shops, and promenade, while still being in a quieter residential area. You'll have sea views from your apartment and can enjoy the beach lifestyle without being in the busiest part of town.

One Oak offers 2, 3, and 4-bedroom apartments ranging from 112 to 138 square metres of built space. The 2-bedroom units start at €563,000, while the larger 4-bedroom apartments reach €787,000, giving you options depending on your needs and budget. Each size category maintains the same high-quality finishes and sea-view orientation.

Yes, One Oak includes pool facilities as part of the development, with options for either a private pool attached to your unit or access to a communal pool area. The choice depends on which apartment you select, and both options are designed to take advantage of the south-facing aspect and coastal location. This is a key feature that adds real value to living at One Oak.

One Oak is expected to be completed in March 2027, giving you a clear timeline for when you can move in or begin renting out your investment. This completion date allows for quality construction and finishing touches to ensure the development meets the high standards expected in this prime Torremolinos location. You can plan your move or investment strategy with this target date in mind.

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

€5,027 / m²

€5,027 × 112 m² = €563,000 asking · entry unit

Comparable averages

  • Apartments & penthouses in Torremolinos

    7 active listings

    €6,609 / m²24% below market

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One Oak

Torremolinos · From €563,000 · 2 to 4 beds · Completing Q1 2027

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