New development · Costa del Sol · Torrox Costa

Residencial Peñoncillo IV

€320,000 to €815,000

2 to 4 beds · 82 to 139 m² built

Ref HT5212369

Updated daily · Last sync 7 August 2026

About this property

Overview

Modern and elegant apartments in Málaga that combine contemporary design, functionality, and energy efficiency. Each home is built with a reinforced concrete structure and advanced thermal and acoustic insulation for maximum comfort throughout the year. The interiors feature large-format porcelain floors, bright and open living spaces, and bathrooms finished with refined porcelain tiles, chrome fittings, and resin shower trays with glass screens.

Windows and balcony doors in anthracite-textured aluminum enhance both aesthetics and durability, while white lacquered doors and built-in wardrobes provide a clean, timeless look. Each apartment includes pre-installation for air conditioning via aerothermal systems and aerothermal-generated domestic hot water, ensuring sustainability and reduced energy consumption.

The residential complex ‌offers ‌a ‌communal ‌swimming ‌pool, landscaped ‌areas, ‌and ‌private ‌parking ‌spaces ‌equipped ‌with ‌electric vehicle chargers-creating ‌a modern ‌Mediterranean ‌lifestyle ‌where design, comfort, ‌and ‌environmental ‌awareness ‌come ‌together ‌seamlessly.

Property details

Specifications

Reference
HT5212369
Property type
Apartment
Bedrooms
2 to 4
Bathrooms
2
Built area
82 m² to 139 m²
Price range
€320,000 to €815,000
City
Torrox Costa
Coast
Costa del Sol

Location

Torrox Costa

Torrox Costa

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

13 questions answered

Residencial Peñoncillo IV: Frequently Asked Questions

Buying off-plan in Torrox Costa 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.

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Residencial Peñoncillo IV

Torrox Costa · From €320,000 · 2 to 4 beds

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