Torremolinos, Andalusia, Spain
Large Residential Plot with Development Potential in Torremolinos
€1,400,000
€621/m²
- 1
- Bedroom
- 1
- Bathroom
- 2,253 m²
- Interior
- 2 m²
- Plot
- Land
- Type
- 3 days ago
- Listed
The Habio take
This substantial residential plot offers a unique investment opportunity in Torremolinos, boasting a total size of 2,253 m². With plans for potential development close to established residential areas, the site is primed for future growth.
- investment
- new build
- coastal
Highlights
- Total land area of 2,253 m²
- Estimated potential for 45 residential units
- Located near established residential areas
- Good transportation and amenities nearby
- Strong growth and transformation potential
Worth knowing
- Development subject to final confirmation by the Town Hall
- Future road may affect part of the plot
Good fit for: Ideal for developers and investors seeking a promising residential project.
Lifestyle scores
- Beach
- 75
- Walkable
- 65
- Remote work
- 60
- Family
- 70
- Retirement
- 60
- Airport access
- 70
- Investment
- 80
- Luxury
- 50
- Value
- 70
About this place
This excellent investment opportunity consists of a combination of two plots for sale in Torremolinos, totalling 2,253 m². Located near El Pinillo and established residential zones, the property has significant potential for development and transformation.
According to a preliminary urban planning study, pending final confirmation from the Town Hall, the site could potentially accommodate a Ground Floor plus two additional floors. With a future road planned to intersect part of the plots, the estimated net land area may reduce to approximately 1,803 m². This offers substantial development potential, with estimations of about 5,000 to 5,400 m² of buildable floor area, enabling the construction of roughly 45 residential units, depending on the final layout and parking requirements.
Situated in a rapidly evolving area, the plot benefits from good connections to Torremolinos, Benalmádena, and Málaga. Nearby amenities include a Cercanías commuter train station, supermarkets, shops, schools, and restaurants, enhancing the attractiveness of the site for future residential development.
Where you’ll be
Torremolinos, Andalusia, Spain
Exact location is confirmed by the agent on enquiry.
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
Spain ended its Golden Visa property route in April 2025.
Non-resident mortgages are widely available, typically 60–70% LTV.
Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.
Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
