New development · Costa del Sol · Torremolinos

RESIDENCIAL PACARAIMA - APARTAMENTOS [Key Ready]

€625,000 to €1,100,000

2 to 4 beds · 96 to 140 m² built · Ready to move in

Ref HT4320397Updated daily · Last sync 28 August 2026

About this property

Overview

Residencial Pacaraima is a development of 37 apartments ranging from two to three bedrooms, with terraces between 47 and 90 square metres. The built areas run from 96 to 140 square metres, so the larger homes offer serious living space alongside terrace dimensions that work for outdoor dining and lounging. The two-bedroom apartments suit couples or investors targeting the holiday rental market, while the three-bedroom layouts give families room to spread out without stepping up to a villa.

The location is 736 metres from Playa de la Carihuela, which means the beach is a nine-minute walk rather than a figure of speech. You are on the sea side of the AP-7 motorway, with Mercadona two minutes on foot and Torremolinos town centre five minutes by car. Campo de Golf Miguel Ángel Jiménez is eight minutes away, and Málaga Airport is 26 minutes by road. The setting is a commercial area, so this is not a quiet residential enclave. You have convenience and beach access, but you trade seclusion for proximity to shops and services.

Kitchens are fitted, air conditioning is installed with zone control, and each home comes with a parking space and storage room. The communal facilities include a multifunctional pool with a beach-style entry, a children's play area, an outdoor gym and a barbecue zone with a kitchen. Orientations are split between south-east and north-west, so check which way your specific apartment faces. South-east catches morning and midday sun, while north-west receives afternoon and evening light. Sea views are available from some units, but not all.

This works for families wanting walkable beach access, for golfers who travel frequently, and for investors chasing holiday rental income near the airport. It does not work if you want a tranquil retreat or if road noise from a commercial area will bother you.

Features

What this home includes

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

Property details

Specifications

Reference
HT4320397
Property type
Apartment
Developer
CAPITULACIONES
Bedrooms
2 to 4
Bathrooms
1.5
Built area
96 m² to 140 m²
Terrace
47 m² to 90 m²
Plot size
70 m²
Price range
€625,000 to €1,100,000
Pool
Yes
Garage
Yes
Beach side
Yes
Sea view
Yes
South facing
Yes
City
Torremolinos
Coast
Costa del Sol

What's Nearby

Playa de la Carihuela
9 minwalk
Campo de Golf Miguel Ángel Jiménez
8 mindrive
Puerto Deportivo de Fuengirola
20 mindrive
The British College
12 mindrive
Colegio de Educación Infantil y Primaria El Pinillo
1 mindrive
Mercadona
2 minwalk
ALDI
3 minwalk
Carrefour
4 minwalk
Hospital
5 mindrive
Pharmacy
5 minwalk
Torremolinos
5 mindrive
95 restaurants & bars
within 12 minwalk
Málaga Airport (AGP)
26 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.

Residencial Pacaraima sits on the sea side of the AP-7, just 736 metres from Playa de la Carihuela. This puts you steps away from one of Torremolinos's best beaches, with the Mediterranean practically on your doorstep. Málaga Airport is a straightforward 26-minute drive, making it ideal for holiday lets or frequent travellers. The location offers genuine convenience: Mercadona supermarket is a 2-minute walk, Campo de Golf Miguel Ángel Jiménez is 8 minutes by car, and Torremolinos town centre is 5 minutes away. The British College and Colegio de Educación Infantil y Primaria El Pinillo are both nearby for families with school-age children. This location works best for families wanting beach access, investors targeting holiday rentals, and golfers looking for a coastal base.

18 questions answered

RESIDENCIAL PACARAIMA - APARTAMENTOS [Key Ready]: Frequently Asked Questions

Playa de la Carihuela is 736 metres away, which works out to a nine-minute walk. The route is direct, with no motorway to cross, and a Mercadona sits 200 metres from the development if you need to pick up provisions on the way back. That walking distance makes this one of the more beach-accessible apartment blocks in Torremolinos.

Terraces range from 47 to 90 square metres, which is substantial for an apartment development. A 47-square-metre terrace fits a dining table for six and loungers, a 90-square-metre terrace gives you distinct zones for eating, sunbathing and planting. The larger terraces rival the outdoor space you would get with a townhouse, without the garden upkeep.

Orientations are split between south-east and north-west, so you need to check the specific unit. South-east catches morning and midday sun, which suits early risers and keeps the apartment cooler in the afternoon. North-west gets afternoon and evening light, ideal if you use the terrace for sundowners. Sea views are available from some apartments but not all.

Málaga Airport is 7.4 kilometres away, about 26 minutes by car. That proximity suits lock-up-and-leave use, because you can land, collect a hire car and be on your terrace within half an hour. It also makes the location workable for holiday rentals, where quick airport transfers are a booking factor for short-stay guests.

The British College is 5.9 kilometres away, about 12 minutes by car, and a hospital sits 2.6 kilometres from the development. Shops are within walking distance, with a supermarket 200 metres away, and the commercial area setting means pharmacies, cafés and services are close. The location works for families who want beach access and convenience but can drive to school.

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

€6,510 / m²

€6,510 × 96 m² = €625,000 asking · entry unit

Comparable averages

  • Apartments & penthouses in Torremolinos

    8 active listings

    €5,954 / m²9% above market

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