For sale · Costa del Sol · Marbella
Available€695,000
3 beds · 3 baths · 195 m² built
Ref HT5259430Updated daily · Last sync 27 October 2026
About this property
Three-bedroom penthouse with sea views in Altos de los Monteros, Costa del Sol. This duplex spans 195 square metres across two levels, with triple-aspect orientation capturing morning light from the east and afternoon sun from the south. Raised ceilings in the entrance hall amplify the sense of space, while floor-to-ceiling windows frame views across the Mediterranean and inland mountain ranges.
The ground floor holds an open-plan living area with Porcelanosa flooring and a kitchen fitted with a reformed countertop island. Three bathrooms serve three bedrooms, each positioned to maximise natural light. The property includes one underground parking space and access to Elements' shared facilities: a residents' gym, landscaped gardens, and an outdoor pool. Built in 2021, the penthouse remains in excellent condition and is offered unfurnished.
Elements sits within the gated Altos de los Monteros community, 8 minutes by car from Marbella's eastern beaches and the landmark Marbella Arch. La Cañada shopping centre and Marbella Old Town lie 10 minutes inland, while the coastal promenade and beach clubs at Las Chapas are a 5-minute drive east. The complex occupies elevated terrain above the A-7 coastal road, with direct access to the autopista for Málaga Airport 35 kilometres west.
Features
Property details
Location
Approximate area shown, exact address provided upon request. This property is in Altos de los MonterosMarbellaCosta del Sol.
9 questions answered
Yes. Spain places no restrictions on foreign buyers, EU and non-EU citizens can purchase freely in Altos De Los Monteros. 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.
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.
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.
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.
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.
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.
Market context
Live €/m² comparisons from current inventory of similar penthouses in the same city.
This Penthouse
€3,564 / m²
€3,564 × 195 m² = €695,000 asking
Comparable averages
Marbella penthouses
277 active listings
Similar properties
Market average €7,525/sqm across 277 active marbella penthouses.