7 min read
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February 18, 2026

Benalmádena corner penthouse — a practical investment case

A Benalmádena corner penthouse with 3 bedrooms, large terraces and sea views — showcased as a disciplined investment case and example of JMA Prime Estate’s service for international buyers.

Leo van der Meer
Leo van der Meer
Investment Property Analyst
Market:Spain
CountryES

Nestled in Benalmádena, JMA Prime Estate’s corner penthouse tells two parallel stories: a tangible asset — a three-bedroom, light-filled penthouse priced at €1,350,000 — and an example of the agency’s pragmatic approach to sourcing coastal investment-grade homes for international buyers. The apartment combines measurable features (122 m² internal area, 152 m² of terraces including a 110 m² rooftop solarium) with location attributes that matter to investors: immediate beach access, sea views and turnkey condition.

Discovering the Benalmádena penthouse

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This corner penthouse, completed in 2022, was marketed to appeal to buyers who value outdoor space and low maintenance. As shown in the photos, the apartment’s open-plan living area flows straight onto a 42 m² main terrace; large glazing and the corner orientation increase natural light and privacy compared with mid‑block units. The rooftop solarium — 110 m² of elevated outdoor living — is the kind of scarce premium that materially increases the property’s utility for both holiday rental and primary-residence use.

  • Key physical and amenity highlights

• 3 bedrooms, 2 full bathrooms + guest toilet; 122 m² internal usable area • Total built/usable footprint including terraces: approximately 290 m² • 42 m² main terrace and 110 m² rooftop solarium with panoramic coastline views • Infinity community pool, gym with sea views, 2 parking spaces and storage room • Private lift access into the apartment; air conditioning and furnished turnkey condition

How the property reads as an investment

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From an investor’s perspective the unit should be evaluated across three vectors: yield potential (short‑let and annual rental), capital appreciation drivers, and total cost of ownership. The asking price of €1.35M places the unit in the upper segment of Benalmádena’s coastal market; the premium here is for unobstructed sea views, unusually large terraces and turnkey modern construction (2022). Those features support higher nightly rates in short‑let markets and lower vacancy for long‑let tenancy when compared with standard two‑bed apartments.

When modelling returns, buyers should include: community fees (for pool, gym and maintenance of communal areas), IBI (local property tax), insurance, utility contracts on a vacant/occupied basis and allowance for furniture refresh every 5–7 years. JMA Prime Estate provides an operating-cost estimate as part of its listing pack — a useful baseline for forecasting net yields and stress-testing downside scenarios.

JMA Prime Estate’s role: sourcing, vetting and presenting value

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JMA Prime Estate, based in Fuengirola, positions itself as a full‑service agency for international buyers focused on the Costa del Sol. With four years in business and a specialized inventory that spans new construction, resale and holiday properties, their approach combines on‑the‑ground market intelligence with practical, investor-focused due diligence. This penthouse exemplifies their sourcing strategy: target recently completed, high-spec developments within a short walk of transport and beach amenities.

  • What JMA Prime Estate adds for international purchasers

• Local market calibration: comparative pricing, days-on-market and absorption rates in Benalmádena and Fuengirola • Compliance and operating guidance: integration of short‑let regulations, NIE application support and local tax introductions • Transaction support: bilingual negotiation, on-the-ground viewings and coordination with notaries, conveyancers and banks • Post‑purchase management options: rental management, cleaning and inventory control to protect yield • Transparent listing materials: detailed measurement breakdowns, community accounts and a recommended cap‑ex schedule

Listing quality and transparency

The images in the listing reflect the Yieldist aesthetic: clear daylight photographs that show room proportions, outdoor spaces and communal amenities rather than stylised staging. JMA Prime Estate’s pack includes floor plans, exact terrace measurements and community accounts excerpts — all material for a rigorous underwriting exercise. For international buyers, that transparency reduces execution risk by shortening due diligence and clarifying recurring costs before exchange.

Benalmádena: market context for international buyers

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Benalmádena sits between Málaga and Fuengirola on the Costa del Sol and competes for both holiday rental demand and full‑time expatriate residencies. Key considerations for buyers here are seasonality of demand, transport connectivity (proximity to Málaga airport and Cercanías train services), and municipal short‑let policy. The property’s 600 m distance to Carvajal Beach and the promenade positions it well for both year‑round renters and the holiday market, reducing vacancy risk relative to inland alternatives.

Investors should stress-test returns against three scenarios: conservative long‑let (stable annual income with modest capital growth), blended (seasonal short‑lets for peak months supplemented by medium‑term lets), and aggressive short‑let (high nightly rates but higher operational costs and regulatory exposure). A property with large private terraces and a rooftop solarium typically performs significantly better in blended and aggressive scenarios because outdoor space commands premium rates in coastal markets.

Practical next steps for buyers

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If this penthouse aligns with your allocation targets, ask JMA Prime Estate for the following before viewing: • A detailed net yield model based on conservative occupancy and expense assumptions • Community accounts and recent maintenance records for the development • Short‑let compliance status and any municipal licence information • Comparable rental evidence for similar-sized sea‑view penthouses in Benalmádena • A clear breakdown of one‑off purchase costs (transfer tax, notary, registration, legal fees, and agency commission)

Requesting these documents early is part of JMA Prime Estate’s recommended workflow for international clients; it reduces time-to-exchange and highlights any deferred maintenance or irregularities that would affect long‑term returns.

How the agency supports remote buyers

For buyers who cannot travel immediately, JMA Prime Estate offers livestreamed viewings, detailed video walkthroughs (including rooftop and terrace sightlines), and concierge‑led packet delivery of legal and financial documents. Their Fuengirola base makes them efficient at coordinating with local legal advisers and managing escrow timelines — a pragmatic benefit for investors executing cross‑border purchases.

Final assessment — who should consider this penthouse

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This property suits buyers who prioritise: immediate rental appeal (sea views and outdoor space), low short‑term cap‑ex risk (new‑build 2022), and an accessible Costa del Sol location within walking distance of beach infrastructure. It is less suitable for investors whose strategy depends on high volume, low‑margin multi‑unit portfolios or those who target inland value gaps where entry prices are materially lower.

As a case study, the penthouse demonstrates JMA Prime Estate’s ability to present investment‑grade coastal assets with transparent underwriting and buyer support. For international buyers seeking to add a coastal Mediterranean exposure with operational flexibility, the listing is worth a disciplined review.

Contact JMA Prime Estate to request the full listing pack, arrange a verified viewing (in person or virtual), and obtain a tailored net‑yield projection for this Benalmádena penthouse. The agency’s local knowledge and documentation standards will let you move from interest to offer with fewer surprises — a practical advantage when making cross‑border real estate decisions.

Leo van der Meer
Leo van der Meer
Investment Property Analyst

Dutch investment strategist who built a practice assisting 200+ Dutch clients find Spanish assets, with emphasis on cap rates and due diligence.

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