7 min read
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January 12, 2026

Benalmádena penthouse: Costa del Sol Specialist case study

A 2025 Benalmádena penthouse priced at EUR 440k — a turnkey, sea‑view asset presented by Costa del Sol Specialist with rental modelling and local market due diligence.

Erik Nilsen
Erik Nilsen
Investment Property Analyst
Market:Spain
CountryES

Nestled in Benalmádena Pueblo, this three‑bedroom penthouse completed in 2025 offers a tight, investment‑ready package: 91 sqm of internal living, a 121 sqm plot/terrace footprint, sea views, communal pool access and full turnkey furnishing. As shown in the photos, the south‑facing terrace frames the coastline and extends usable square metres for both short‑term rentals and owner occupancy.

Discovering the penthouse: a concise asset profile

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This penthouse (three bedrooms, two bathrooms) is priced at EUR 440,000. With new construction finishes, lift access and air conditioning, the property presents low immediate capex for a buyer who wants rental‑ready condition from day one. The images capture the open plan living room flowing onto a large terrace — a configuration that increases effective lettable area for guests and improves per‑night rates in vacation markets.

Key physical features that matter to investors

  • Sea view and terrace that deliver premium pricing in peak months — visible in exterior photos and the terrace shot that frames the coast.
  • Communal swimming pool and landscaped gardens that reduce private maintenance costs while supporting higher occupancy for holiday lets.
  • Turnkey presentation and new construction warranty (2025 build) which reduce initial refurbishment risk and speed to market.

How Costa del Sol Specialist positions this listing for international buyers

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Costa del Sol Specialist applies a framework focused on liquidity, tenant demand and net yield — not only on aesthetics. Their decade of local experience in Málaga gives them repeat access to new‑build stock and off‑market allocations in enclaves such as Rancho Domingo. For this penthouse they highlighted metrics investors care about: comparable seasonal ADR (average daily rate), likely occupancy range, and an upfront estimate of running costs (IBI, community fees and utilities) to create a realistic net yield scenario.

Agency value‑adds demonstrated by this property

Take the marketing pack for this penthouse as a case study: professional photos that show both interior proportions and contextual views, a factual specification sheet that lists exact square metres and running costs, and a rental‑forecast model calibrated to Benalmádena seasonality. These services shorten the time to first booking for short‑term lets and reduce vacancy risk for medium‑term leases — a direct translation of Costa del Sol Specialist’s stated specialisations in luxury, new construction and vacation homes.

Benalmádena: market context and investment considerations

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Benalmádena combines steady tourist demand with commuter access to Málaga city and the airport — a mix that supports both holiday and longer‑stay tenants. For a EUR 440,000 purchase, investors should model two scenarios: (1) high‑season short‑let with strong ADR but higher operational overhead and compliance requirements; (2) year‑round mid‑term rentals that give lower gross returns but reduced management cost. Important line items to validate with the agent: community fees, municipal tourist licensing (if planning short‑lets), and typical utility recoverability for furnished units.

Simple sensitivity check — what to run before making an offer

  • Price per sqm: EUR 440,000 / 91 sqm = ~EUR 4,835/sqm (internal). Compare this to nearby new‑builds and resale stock in Benalmádena to assess cap appreciation potential.
  • Projected net yield: build a 12‑month cashflow with conservative occupancy (45–55% for mixed season) and include community, insurance, property management and cleaning.
  • Regulatory check: confirm tourist licence status and any municipal restrictions that affect short‑term letting profitability.

Decision framework: when this penthouse fits an international portfolio

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This asset is appropriate for buyers seeking a coastal exposure with immediate rental readiness and limited refurbishment. It ranks well within a diversified portfolio when the goal is seasonal yield plus capital appreciation of a coastal market. If your priority is maximising steady annual net yield, compare this new‑build premium against older stock where price per sqm is lower but capex is required.

Practical next steps recommended for international buyers

  1. Request the agent’s 12‑month rental forecast and underlying assumptions (ADR, occupancy, fees).
  2. Obtain breakdown of community charges, IBI and insurance to calculate true net yield.
  3. Verify tourist licensing and tax implications for non‑resident owners (VAT vs. transfer tax, rental income withholding), ideally with a local fiscal advisor.

Costa del Sol Specialist’s credibility reduces time‑to‑decision: ten years in Málaga, an average client rating of 4.8 and a track record in new‑build and vacation homes mean they can supply the specific documents investors need to complete financial modelling quickly.

Final appraisal and contact next step

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In quantitative terms, this Benalmádena penthouse is a turnkey coastal exposure priced at a new‑build premium. The trading decision comes down to your return target: accept a slightly higher price per sqm for reduced initial capital expenditure and faster market entry, or negotiate toward resale comparables if you prioritise yield. For a fast, document‑driven evaluation, contact Costa del Sol Specialist to request the full due‑diligence pack and the agent’s rental scenario model — the materials that turn a property photograph into a verifiable cashflow.

Erik Nilsen
Erik Nilsen
Investment Property Analyst

Norwegian market analyst who relocated from Oslo to Mallorca in 2016, guiding Northern buyers through regulatory risk, currency hedging, and rentability.

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