This key-ready penthouse offers 321 m² of living space with five bedrooms and four bathrooms, situated in the New Golden Mile area of Málaga. The asking price is fixed at €449,900. The property was completed in 1988 and combines a private residence with two independent guest suites and a separate office space. Wraparound front and rear terraces provide extensive outdoor areas with a south orientation. Daily amenities are within walking distance, and the beach lies roughly 1.3 km away as the crow flies. The layout allows several configurations, subject to the necessary approvals.
Set against current new-build offerings on the Costa del Sol, this penthouse occupies a different segment. Aquamar in Torre del Mar starts at €269,950, Lantana Residencial in Mijas at €205,000 and Etherna Homes 2 in Estepona at €269,000, all new-build projects with from-prices for smaller units. At a fixed €449,900, this property offers roughly €1,400 per square metre of built area across 321 m², which is substantially more space per euro than typical new-build apartments, though without new construction warranties or communal facilities. The trade-off is condition: buyers take on restoration in parts and any licensing processes themselves. Location also differs. The comparables sit in resort-oriented towns east and west of Málaga, whereas this property stands in an established Málaga city district with 3,163 housing transactions per year in the local market, an indicator of liquidity and resale activity. Its airport distance of roughly 4 km straight-line is unusually short and will suit frequent travellers, though flight-path noise deserves on-site verification. The urban setting provides walkable amenities that resort developments often lack, while the nearby train station connects directly to the regional network. For buyers comparing a new two-bedroom apartment against this larger, older property with income-capable guest suites, the decision effectively comes down to condition and certainty versus space and flexibility.
Key characteristics of location, homes, project phase and points of attention.
The penthouse stands in an urban environment with shops, a supermarket 73 m away and a pharmacy 263 m away on foot. The nearest beach, Playa de la Malagueta, sits 1.3 km away in a straight line. Málaga-Costa del Sol Airport is approximately 4 km as the crow flies, and a railway station at Los Prados is 0.8 km from the property.
The layout currently combines two bedrooms, two bathrooms, a separate office and two independent guest suites, each with private shower facilities. The wraparound terraces offer space for outdoor dining and relaxation. Air conditioning, including hot air function, is installed. The flexible floor plan supports multi-generational living, guest accommodation or a live-work arrangement.
This is not a new-build development. The property dates from 1988 and is key-ready, meaning it can be occupied directly after purchase. Parts of the home are described as recently renovated and refurbished, while other areas are in fair condition or require restoration. Any transformation of the office or guest suites depends on obtaining the necessary licences and approvals.
The property has no private pool, although there is room to add one, subject to approval. There is no tourist licence attached to the property. Some areas require restoration work. Parking is not listed among the features, and the building's age of nearly four decades means construction standards differ from modern new-build regulations.
This property fits several recognisable situations. A multi-generational family could use the two guest suites for grandparents or adult children while retaining privacy in the main residence. Owners running a business or working remotely could retain the separate office as a workspace, incorporating it into the home if more living space is needed, subject to approvals. Buyers seeking rental income could let the independent suites, though the absence of a tourist licence limits short-term options in its current state. Investors with a renovation budget may see value in restoring the fair-condition areas and reconfiguring the layout, using the available visualisations as a guide to the property's potential. It is less suited to buyers wanting a turnkey, newly built home with communal facilities and a warranty, given the 1988 construction date and the restoration work required in parts. Nor does it suit those seeking a gated resort setting, the property sits in an urban neighbourhood with commercial areas nearby. Households that want space, flexibility and walking-distance amenities, and who are prepared to manage works and licensing themselves, will find the closest match here. The south orientation and wraparound terraces particularly favour residents who spend much of the year outdoors.
The interior finishes show a mix of conditions consistent with a property built in 1988 and partially updated. The kitchen is a modern installation with a blue finish and a central island, and the living room includes a fireplace with a television wall and sofa seating, indicating refurbished reception areas. Photographs of other spaces show storage areas with tools, golf clubs and bottled goods, confirming that the office and secondary rooms are currently used functionally rather than finished as living accommodation. Climate control is present in the form of air conditioning with both cooling and hot air functions. The guest suites each have private shower facilities, one visible in photographs with a shower, fan and storage. Condition descriptions range from good and recently renovated to fair and requiring restoration, so the standard of finishing varies meaningfully between areas. Buyers should conduct a technical survey to assess the building's systems, insulation and structure against modern standards, as 1988 construction predates current energy-efficiency requirements. The terraces retain mature planting and provide a 360-degree outdoor footprint, which adds usable area without structural works. Any upgrading, adding a pool, converting the office or integrating the suites, falls under the necessary licences and approvals, and the associated costs sit with the buyer.
The property is offered at a fixed asking price of €449,900 as an existing home. For this amount, the buyer acquires 321 m² of living space with five bedrooms and four bathrooms in total across the main residence, office and guest suites, plus extensive wraparound terraces. Compared with new-build comparables in the region, Aquamar in Torre del Mar from €269,950, Lantana Residencial in Mijas from €205,000 and Etherna Homes 2 in Estepona from €269,000, this property is priced per square metre at a level that reflects its size, layout flexibility and established location. Availability is immediate, as the home is key-ready.
Daily life here is shaped by an urban setting where nearly all practical needs are met on foot. The supermarket sits 73 m from the door, a pharmacy 263 m, and within two kilometres there are 23 restaurants, 27 pharmacies, 7 banks and 4 cafés. That density means shopping, errands and eating out rarely require a car. The residence itself functions as a layered home: a two-bedroom, two-bathroom principal living space with a fireplace and a modern blue kitchen with an island, plus a substantial separate office currently used for storage, and two guest suites with their own shower facilities. The wraparound terraces, oriented to the south, create distinct zones for morning coffee, outdoor meals and evening relaxation surrounded by mature greenery. The layout suits households that value separation, visiting family, long-term guests, or a workspace away from the living areas. It could also function as a live-work property or a small hospitality concept, subject to licences. The condition is mixed: parts are recently refurbished, others are in fair condition or need restoration, so buyers should budget for works. The surrounding neighbourhood is residential with schools nearby, 19 primary and 10 secondary schools in the wider area, which keeps activity year-round rather than purely seasonal. A train station 0.8 km away and 22 public transport stops across 4 lines provide alternatives to driving.
The immediate surroundings are urban and practical. Within 2 km, residents have access to 23 restaurants, 4 cafés, 7 banks and 27 pharmacies, so daily errands are managed largely on foot or by bicycle. Healthcare coverage includes two health centres in the area and a hospital 1.3 km away as the crow flies. Education options are extensive for a family buyer: 19 primary schools and 10 secondary schools serve the wider area. Sporting facilities close by include two football grounds and a pétanque club within about a kilometre. The neighbourhood's tourism infrastructure, 24 hotels and nearly 6,900 beds, means the area remains active with services throughout the year, though visitors increase in summer. For electric-vehicle owners, a charging point sits 434 m away, with further points at nearby hotels. Train access via Los Prados station, 0.8 km away, connects the district to the city centre and the wider region, and 22 public transport stops across 4 bus lines reduce dependence on a car.
The map shows the property's position relative to central Málaga, the coastline and the airport. Note that all distances shown are straight-line measurements; actual travel distances by road will be longer. Beaches, golf courses and the nearest train station are marked for orientation.
Approximate area · exact address shared on request
The property is positioned on Málaga's western urban fringe, between the city centre and the airport, with the New Golden Mile branding linking it to the Marbella, Estepona corridor. This gives it a dual character: the everyday convenience of a city district combined with access to the Costa del Sol's coastal attractions. Málaga itself functions as the region's cultural and economic hub, with the historic centre, marina and museums within a short drive or train ride. Estepona and Marbella lie further west along the coast for day trips.
The nearest beach, Playa de la Malagueta, lies 1.3 km away as the crow flies, with Playa de San Andrés at 1.8 km and Playa de la Misericordia at 3.2 km. The route to the coast is flat, with an average gradient of 1.1%, making walking and cycling realistic options. Málaga-Costa del Sol Airport is approximately 4 km in a straight line, one of the shortest airport distances on the coast, while Gibraltar sits about 100 km away. Golfers can reach Club de Golf de Guadalhorce at 5.2 km and Club de Golf Málaga Parador at 5.4 km straight-line. Two marinas, IGY Málaga Marina and Marina Real Club Mediterráneo, lie just over 5 km away. Actual road distances may be longer than these straight-line figures. A car remains useful for beaches, golf and the marina, but the supermarket, pharmacy and public transport are reachable without one.
| Beach Distance | 3 km |
| Malaga-Costa del Sol (AGP) | 4 km |
| Gibraltar (GIB) | 100 km |
| Los Prados | 0.8 km |
| Guadalhorce | 1.6 km |
Source: OpenStreetMap, Google Maps
The location sits at 37 m above sea level on flat terrain, so no significant slopes affect daily movement. The climate is Mediterranean: average monthly temperatures range from 12°C in the coolest months to 27°C in summer, with an annual average of 18.7°C. The swimming season, defined by sea temperatures of 20°C or above, lasts around four months, concentrated in summer. Winters are mild enough for year-round terrace use, which suits the property's south-facing wraparound outdoor spaces. Green surroundings include forest areas listed among the setting features, and viewpoints such as Mirador Torre del Atabal at 3.2 km and Mirador de Churriana at 4.8 km offer walking destinations with coastal and inland views. Birdwatchers have the Observatorio de Aves Marinas 4.5 km away.
Source: Open-Meteo (2020–2025 average)
Coastal recreation is anchored by three beaches within 3.2 km straight-line: Playa de la Malagueta (1.3 km), Playa de San Andrés (1.8 km) and Playa de la Misericordia (3.2 km), all reachable on foot or by bike over flat terrain. Golf options extend across the region, Club de Golf de Guadalhorce (5.2 km), Club de Golf Málaga Parador (5.4 km), Campo de Golf Miguel Ángel Jiménez (7.8 km) and Golf Benalmádena Pitch & Putt (17 km). Sports facilities nearby include football grounds at Los Prados (0.6 km) and Los Conejitos (1.1 km) plus a pétanque club. The two marinas at 5.2 and 5.3 km provide moorings, sailing and waterfront dining. The property itself has room for a pool on its terraces, subject to approval.
Source: OpenStreetMap
| Month | Avg. Temperature | Rainfall |
|---|---|---|
| January | 12.5°C | 62 mm |
| February | 13.2°C | 56 mm |
| March | 14.9°C | 66 mm |
| April | 16.9°C | 41 mm |
| May | 19.8°C | 23 mm |
| June | 23.6°C | 4 mm |
| July | 26.1°C | 0 mm |
| August | 26.7°C | 3 mm |
| September | 23.8°C | 25 mm |
| October | 19.9°C | 61 mm |
| November | 15.8°C | 77 mm |
| December | 13.4°C | 88 mm |
Flat
Ref: VL311765
Source: Wikipedia, Wikidata, INE, Junta de Andalucía
With years of experience, Emma Whitfield expertly guides English-speaking clients through the intricacies of the Spanish property market. Her dedication ensures a smooth journey.
AI-assisted multilingual representative. Your inquiry is handled by the team behind this site.
Interested?
Leave your details and we will contact you shortly with more information about this project.
NL
EN
DE
FR
ES
DA
SV
NO
FI
PL