New development · Costa del Sol · Torremolinos

RESIDENCIAL PACARAIMA - APARTMENTS

€645,000 to €1,100,000

2 to 3 beds · 96 to 140 m² built · Est. completion 2026-06-30

Ref HT4320397

Updated daily · Last sync 2026-06-14T21:50:27.947315+00:00

About this property

Overview

RESIDENCIAL PACARAIMA - APARTMENTS is a new development of 2 to 3-bedroom ground floor apartments for sale in Torremolinos, Costa del Sol, priced from €645,000 to €1,100,000. This is a compact scheme of just 37 homes, which gives it a residential scale unusual for Torremolinos, where larger complexes dominate the new build market. The architecture prioritises symmetry and clean lines, both externally and in the interior layouts, and every apartment includes a storage room alongside the parking allocation for cars and motorcycles.

Built sizes range from 96 to 140 m², with all units configured as ground floor apartments. Each home has two bathrooms and large terraces designed for year-round use. Kitchens are fitted as standard, and climate control includes air conditioning with Airzone segmentation, fan heating, and motorised blinds. The communal facilities include a multifunctional pool with a beach-style entrance, in-water hammocks, and a dedicated swimming lane. There is an outdoor children's play area, an outdoor fitness zone, and a Txoko social space equipped with a barbecue, outdoor kitchen, refrigerator, ceramic hob, and Bluetooth speaker installation. Garden areas complete the shared amenities.

Torremolinos sits 7 kilometres west of Málaga airport, making it one of the most accessible locations on the Costa del Sol for international buyers who fly in regularly or rent their property to short-term tenants. The town attracts a mix of Spanish families, Northern European retirees, and investors targeting the holiday rental market, particularly during the summer months when occupancy rates are high. Torremolinos has a long-established tourism infrastructure, which means services, restaurants, and transport links are reliable, but it also means the town can feel busy during peak season. The beach is within walking distance of most residential areas, and the train line connects directly to Málaga city centre and Fuengirola.

This development is currently under construction. The standard Spanish payment structure applies: a reservation deposit secures the unit, followed by stage payments tied to construction milestones, with the balance due on completion and key handover. All amounts and schedules should be confirmed directly with the developer. Independent legal representation is strongly recommended before signing any contract. Ground floor apartments in this price bracket in Torremolinos typically appeal to buyers who want direct garden access without the premium attached to penthouses or front-line beach positions.

Features

What this home includes

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

Property details

Specifications

Reference
HT4320397
Property type
Ground Floor Apartment
Developer
CAPITULACIONES
Bedrooms
2 to 3
Bathrooms
2
Built area
96 m² to 140 m²
Terrace
47 m² to 90 m²
Plot size
70 m²
Price range
€645,000 to €1,100,000
Completion
2026-06-30
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 - APARTMENTS: Frequently Asked Questions

The price range of €645,000 to €1,100,000 at RESIDENCIAL PACARAIMA covers the apartment itself, a private garage, and access to either a private or communal pool depending on your unit. All apartments come fully finished and ready to move into upon completion in June 2026.

RESIDENCIAL PACARAIMA is situated right on the beachfront in Torremolinos on the Costa del Sol, giving you direct access to the beach and Mediterranean views. The location puts you in the heart of one of Spain's most popular coastal towns with restaurants, shops, and amenities within walking distance.

RESIDENCIAL PACARAIMA offers 2 and 3 bedroom ground floor apartments ranging from 96 m² to 140 m² in built size. The 2 bedroom units start at €645,000, while the larger 3 bedroom options go up to €1,100,000, giving you flexibility based on your needs and budget.

Yes, all apartments at RESIDENCIAL PACARAIMA feature sea views thanks to the south-facing orientation and beachside location. This positioning also means your apartment benefits from natural light and warmth throughout the day.

RESIDENCIAL PACARAIMA is expected to be completed in June 2026, at which point you can take possession of your apartment. The developer CAPITULACIONES is currently building the project, and units are available for purchase now at the prices listed.

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

€6,719 / m²

€6,719 × 96 m² = €645,000 asking · entry unit

Comparable averages

  • Apartments & penthouses in Torremolinos

    7 active listings

    €6,368 / m²6% above market

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RESIDENCIAL PACARAIMA - APARTMENTS

Torremolinos · From €645,000 · 2 to 3 beds · Completing Q2 2026

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