For sale · Costa del Sol · Vélez-Málaga
Available3-Bed Finca for Sale in Costa del Sol East, Vélez-Málaga
€498,000€660,000
3 beds · 1 bath · 220 m² built · 89000 m² plot
Price reduced
Ref HT3979042Updated daily · Last sync 23 June 2026
About this property
Overview
Three-bedroom finca with an 89,000-square-metre avocado plantation in Costa del Sol East, Vélez-Málaga, Costa del Sol. This 1882 cortijo sits within a working agricultural estate that produces 25,000 to 35,000 kilos of avocados annually, alongside established orange, citrus, fig and medlar trees. Three registered wells and four-million-litre water storage capacity support the irrigation system, while several drivable roads cross the land to facilitate harvest access.
The 220-square-metre house requires restoration and currently comprises a living room with fireplace, kitchen, bathroom, three bedrooms and a laundry-storage room with direct access to a carport for one vehicle. Both covered and open terraces extend from the main living areas. Below the house, original ground-level spaces include former stables designed for three horses or donkeys, a bodega and a bread or pizza oven built into the structure.
The finca lies inland from Torre del Mar, approximately 15 minutes' drive from the coastal town's beaches and marina. The property provides agricultural income potential alongside rural seclusion, with the scale of the plot offering scope for additional tree planting. The water infrastructure and established road network across the estate support commercial farming operations. The lower-level spaces retain their traditional agricultural character, with the stable areas and bodega offering conversion possibilities once the main house is restored.
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Property details
Specifications
- Property type
- Finca
- Subtype
- Finca - cortijo
- Bedrooms
- 3
- Bathrooms
- 1
- Built area
- 220 m²
- Plot size
- 89000 m²
- Parking spaces
- 1
- Levels
- 1
- Year built
- 1882
- Condition
- Restoration Required
- Furniture
- Not Furnished
- Area
- Costa del Sol East
- City
- Vélez-Málaga
- Postcode
- 29712
- Province
- Málaga
- Coast
- Costa del Sol
Location
Costa del Sol East, Vélez-Málaga
Map shows the approximate Costa del Sol East, Vélez-Málaga area. Exact address provided upon request. This property is in Vélez-MálagaCosta del Sol.
Nearest beach
10 mindrive
Puerto Deportivo Caleta de Vélez
11 mindrive
Hospital Comarcal de La Axarquía
9 mindrive
Málaga Airport (AGP)
58 mindrive
9 questions answered
Buying this finca in Costa del Sol East
Can foreigners buy property in Vélez-Málaga?
Yes. Spain places no restrictions on foreign buyers, EU and non-EU citizens can purchase freely in Vélez-Málaga. 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 Vélez-Málaga?
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.
