Description

Grupo Ibercosta is proud to present an unparalleled investment opportunity in the heart of Fuengirola, one of the most vibrant and sought-after destinations on Spain’s sun-drenched Costa del Sol. Located just 150 meters from the Mediterranean Sea, this independent building represents a strategic acquisition for discerning investors, developers, or property moguls looking to expand their portfolio in a high-demand coastal market. With the beach just a few steps away and the city’s amenities at your doorstep, this property offers the perfect balance of Mediterranean lifestyle and lucrative financial returns.

Fuengirola, located in the south of Spain, is a jewel of the province of Málaga. Known for its extensive sandy beaches, world-class gastronomy, and the Sohail Castle, it attracts millions of tourists and long-term residents annually. This particular building is situated in a prime "second line" location, meaning you are close enough to hear the waves but tucked away from the direct noise of the promenade. The area is highly established, offering a mix of traditional Andalusian charm and modern urban infrastructure. Accessibility is a key highlight, with the property being well-connected to the Málaga-Costa del Sol Airport via the local commuter train, making it an ideal hub for international travelers and holidaymakers.

The building’s current structure is intelligently laid out across three independent units plus additional storage space, providing immediate versatility. On the ground floor, you will find a 66-square-meter apartment featuring two spacious bedrooms, a full bathroom, a comfortable living room, and a functional kitchen. A standout feature of this level is the 11-square-meter private patio, which provides a serene outdoor escape. Additionally, there is a 19-square-meter storage room adjacent to the patio. This space holds significant potential; it can be integrated into the ground floor apartment to create a third bedroom or converted into an independent studio, maximizing the square footage and rental yield.

Ascending to the first floor, there is a beautifully renovated 52-square-meter one-bedroom penthouse. This unit was updated less than four years ago with high-quality finishes and modern aesthetics. It is important to note for transparency that this unit is currently occupied by a non-paying tenant. However, the legal eviction process is well underway following a court ruling in November 2025. The process is expected to reach its conclusion later this year, allowing the new owner to regain full possession and capitalize on this modern living space.

The crown jewel of the property is the expansive 135-square-meter duplex penthouse. This residence is designed for comfort and luxury, offering three large bedrooms and two full bathrooms. The layout includes a bright living room with a private balcony, a dedicated laundry room, and a modern kitchen. Two of the bedrooms share access to a charming terrace, while the upper level features a private solarium. From this vantage point, residents can enjoy partial sea views and the famous Costa del Sol sunsets, making it a highly attractive option for high-end short-term rentals or as a primary luxury residence.

From an investment perspective, the numbers speak for themselves. The property is priced at a competitive €825,000, recently reduced from €855,000 to encourage a swift transaction. In the current market, individual two-bedroom apartments in this specific area of Fuengirola are selling for approximately €450,000. By acquiring the entire building, the cost per unit is significantly lower than the market average for individual acquisitions. Furthermore, properties on the second line of the beach in this region have shown a consistent annual appreciation rate of at least 20%, ensuring that your capital is protected and growing.

The development potential is also exceptional. Under current urban planning regulations for this zone, the building is permitted a configuration of ground floor plus two additional levels (3 floors total). There is a significant opportunity to reconfigure the interior layout to create up to six independent apartments. By increasing the number of units, an investor could substantially multiply the monthly rental income. To put the rental market into context, a standard three-bedroom apartment on the same street currently commands a long-term rent of €2,800 per month, while short-term holiday rentals can reach €2,800 per week during the high season.

This building is already at its maximum permitted height, ensuring that there are no future concerns regarding over-development of the site itself, while still allowing for internal optimization. Whether you choose to renovate the existing units for a quick resale or manage the building as a high-yield rental business, the location guarantees high occupancy rates year-round. At Grupo Ibercosta, we specialize in identifying properties with high growth potential, and this Fuengirola building stands out as a top-tier asset in today’s market.

Do not miss the chance to own a piece of the Costa del Sol in a location where demand always outstrips supply. For more detailed technical specifications, floor plans, or to arrange a private viewing, please contact the team at Grupo Ibercosta today. This is more than just a property; it is a gateway to the thriving Spanish real estate market.