For sale · Costa del Sol · Marbella
Available2-Bed Apartment in Altamira Phase 1, Marbella
Residential complexAltamira Phase 1
€595,000
2 beds · 2 baths · 137 m² built
Ref HT5534911Updated daily · Last sync 4 November 2026
About this property
Overview
Two-bedroom apartment with private pool in Marbella, Costa del Sol. This 137-square-metre residence occupies the second floor of Altamira Phase 1 with lift access, offering a substantial terrace that overlooks La Concha mountain and mature greenery across the Río Real valley.
The apartment provides 137 square metres of built space alongside a 31-square-metre terrace. Two double bedrooms accommodate family or guests, whilst two full bathrooms serve the layout. The living area extends directly onto the terrace, creating an outdoor room for year-round use. A dedicated parking space and storage room come included with the property. The kitchen and bathrooms maintain their original 2003 specification in good working order.
Altamira Phase 1 sits within landscaped communal gardens that include a main swimming pool, a separate children's pool, and outdoor showers. The complex adjoins a small playground outside the urbanisation gates. Río Real Golf Club lies an 8-minute walk from the entrance, whilst Trocadero Arena beach club and Zanzibar reach 5 minutes by car or 30 minutes on foot. Marbella's historic centre sits approximately 10 minutes' drive west along the coastal road.
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Features
What this home includes
- Pool
- Terrace
Property details
Specifications
- Property type
- Apartment
- Subtype
- Middle floor apartment
- Bedrooms
- 2
- Bathrooms
- 2
- Built area
- 137 m²
- Terrace
- 31 m²
- Parking spaces
- 1
- Levels
- 1
- Year built
- 2003
- Condition
- Good
- Pool
- Yes
- Complex
- Altamira Phase 1
- City
- Marbella
- Postcode
- 29603
- Province
- Málaga
- Coast
- Costa del Sol
Location
Marbella
Residential complexAltamira Phase 1Map shows the Altamira Phase 1 complex location. Exact unit address provided upon request. This property is in MarbellaCosta del Sol.
9 questions answered
Buying this apartment in Marbella
Can foreigners buy property in Marbella?
Yes. Spain places no restrictions on foreign buyers, EU and non-EU citizens can purchase freely in Marbella. You will need a Spanish NIE (foreigner tax number) before signing the title deed, plus a Spanish bank account for the transfer. The full purchase typically completes 6 to 10 weeks from signing the reservation contract.
What is an NIE and how do I get one?
The NIE (Número de Identificación de Extranjero) is your Spanish tax ID and is mandatory for buying property, opening a bank account or paying taxes. You can apply at a Spanish consulate in your home country or in person in Spain. Your lawyer can also obtain it on your behalf with a power of attorney, typically 2 to 4 weeks.
Do I need a Spanish lawyer?
Strongly recommended. An independent lawyer (abogado), separate from the agent and seller, verifies title, checks for debts and planning issues, drafts contracts and represents you at the notary. Typical fee is 1% of the purchase price plus VAT, with a minimum around €1,500.
How long does completion take?
From accepted offer to keys: 6 to 10 weeks for a resale, 30 to 45 days from reservation if no mortgage is needed. New-build off-plan completes when the development is delivered, often 18 to 36 months after reservation, with staged payments along the way.
What taxes will I pay buying a property in Marbella?
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.
What ongoing costs should I expect?
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.
Are agent fees paid by the buyer or seller?
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.
Can non-residents get a Spanish mortgage?
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.
Should I get pre-approval before viewing?
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.
