Monthly payment
€3,539/mo
Completed · current release
Carat Phase 1
El Higuerón · Benalmádena Pueblo · Ref: RDEV2040
Prices from
€1,010,000
Available
1 of 30
Bedrooms
2en-suite
Delivery
March 2025
Type
Apartments
Size from
119 m²
Total homes
30 homes
Phase
Completed
Licensed agency · est. 2017
AIPP member
500+ active developments
Project lifecycle
Coming soon
Off-plan
With licence
Under construction
You are hereCompleted~16% saving
Roccabox · the editorial
Carat Phase 1, in context.
Carat Phase 1 sits within Reserva del Higuerón, the elevated residential enclave above the Carvajal coastline that has become one of the eastern Costa del Sol's most sought-after addresses. This is the first of three phases in a masterplan that will ultimately deliver a series of two- and three-bedroom homes across four blocks. The 30 apartments in this phase are all but accounted for — 29 have sold, leaving a single two-bedroom residence of 119 m² priced at €1,010,000.
Completed in March 2025 after construction began in July 2023, the phase is finished and deliverable now. Two blocks face east and two south, arranged so that homes step down the hillside without obstructing one another's outlook. An entire floor of the first block is given over to shared amenities, from a heated pool to a spa suite. For buyers, the appeal is a turnkey home in a scheme with proven demand.
Prepared by the Roccabox New-Developments Desk · Marbella
At a glance
Key facts
01
Final available residence: a 119 m² two-bedroom, two-bathroom apartment at €1,010,000
02
29 of 30 homes already sold — completed and deliverable March 2025
03
Amenity floor with heated pool, gym, sauna, Turkish bath, Pilates and co-working
04
Carvajal train station 210 m away; Málaga airport a 29-minute drive
05
Playa de Torreblanca beach under 400 m from the development
The current release
The 1 remaining apartment
Each one specified individually. Pricing released on enquiry.
+Show full unit listHide unit list
| Unit | Block | Floor | Beds | Baths | Interior | Outside | Garage | |
|---|---|---|---|---|---|---|---|---|
| 3D | — | 3 | 2 | 2 | 119 m² | 30 m² terrace | — |
Pricing released on enquiry. Reservations require a refundable holding deposit, held under Spanish bank guarantee until completion.
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Ask anything about Carat Phase 1.
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Live availability
1 of 30 apartments remain
Live data refreshed nightly from our multiple independent sources.
2-bedroom Apartment
119 m²
From
€1,010,000
1 available
The off-plan discount curve
The off-plan discount, stage by stage
Off-plan entry typically offers the largest pricing headroom at the earliest stages. The advantage narrows as construction progresses — at completion the unit is priced at market. Carat Phase 1 currently sits in the Completed band.
Coming soon
~40% off
Off-plan
~32% off
With licence
~27% off
Under construction
~22% off
Completed
YOU ARE HERE
~16% off
Current entry
€1.01M
Completed pricing
Projected key-ready benchmark
€1.2M
Indicative uplift modelled against comparable new-build completions
Roccabox analyst view
This is not an off-plan proposition but a completed one, which changes the calculus. The single remaining home can be viewed, valued and occupied immediately, removing construction and delivery risk. That the other 29 apartments sold ahead of completion speaks to the location's pull. At €1,010,000 for 119 m², the price sits well above the Benalmádena Pueblo median of €3,231/m², reflecting the amenity floor, dual parking and beachside position — worth weighing against comparable resale stock.
Reserving early
Why buyers reserve at this stage
01
Personalisation window
Reserving during the Completed phase gives buyers genuine input into layout, finishes and basement use ahead of handover, a window that closes as the build advances.
02
Scarcity and specification
1 of 30 units remain. The plot sizes, orientation and amenity package on this scheme are not easily replicated in the immediate resale stock.
03
Risk-managed entry
Spanish new-build buyers are protected by staged payments held under bank guarantee, ten-year structural warranty and full licence review. Roccabox brokers all of this through regulated counsel.
Market reality
The premium, contextualised
Useful context — not a substitute for unit-level valuation. Pricing data cross-referenced against live Costa del Sol market signals.
Carat Phase 1 is not priced against average Benalmádena Pueblo resale stock. It is a premium new-build product with the specification, plot quality and amenity package that the broader resale market typically does not match. At €8,487 per built m² the relevant question is whether the premium is justified against comparable new-build completions, not whether it beats the area's median of €3,232/m².
Comparable confidence: 70% · Source: live market data, 23/07/2026
Benalmádena Pueblo apartments median (€/m²)
€3,232
Carat Phase 1 (€/m² built)
€8,487
Premium reflects
new-build specification · scarcity · plot & orientation
Why buy with Roccabox
Your purchase is in safe hands
Licensed, regulated and trusted since 2017. We verify every development before listing it.
◆
Licensed agency
AIPP member · est. 2017 · Regulated by Spanish property law
◆
Live market data
Cross-referenced against the most credible Costa del Sol sources
◆
Buyer protections
Staged payments · bank guarantee · 10-yr warranty
119 m²
Internal area per unit
Specification
What every unit receives
Bedrooms
2 en-suite
Bathrooms
2
Built area
119 m²
Build stage
Completed
Completion
March 2025
Warranty
10-yr structural
Energy
Class A (new build)
Document
El Higuerón
Living in Benalmádena Pueblo
The setting is coastal and connected in equal measure. Playa de Torreblanca lies under 400 metres away, with beach chiringuitos including Los Marinos Paco and La Cubana within a minute's walk. Carvajal station, 210 metres from the door, puts Fuengirola and central Málaga on a direct commuter line — a genuine rarity for a home this close to the sea.
Everyday needs are covered by supermarkets, pharmacies and Vithas Xanit International hospital eight minutes' drive away. Puerto Deportivo de Fuengirola marina is a short hop along the coast, and pitch-and-putt golf sits within ten minutes.
From your door
Marbella Old Town
29 min by car
26.7 km direct
Puerto Banús
37 min by car
33.7 km direct
Málaga Airport
15 min by car
14.2 km direct
Mijas Pueblo
5 min by car
4.7 km direct
La Cala de Mijas
11 min by car
9.8 km direct
Estepona
57 min by car
51.9 km direct
Gibraltar
1h 31m by car
83.3 km direct
Ronda
59 min by car
54.4 km direct
Shahd Sherif · Your Roccabox specialist
New Developments Desk · Marbella office
Every Roccabox specialist on the New-Developments Desk has walked the projects we represent and reviewed the architectural drawings. We will tell you honestly which of the remaining Carat Phase 1 residences suits your brief, model the numbers in your currency, and arrange a private viewing within the week. Airport transfer arranged where helpful.
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Real numbers
Understand the full picture
Spanish purchases involve taxes and fees that catch first-time international buyers off-guard. We surface every figure that matters.
Typical off-plan payment schedule
Spanish new-build purchases are typically paid in three staged instalments, with every euro held under bank guarantee until completion.
On reservation
€101k10%
Refundable holding deposit until contract signing; locks the unit out of the open market.
Contract signing
€202k20%
First instalment to the developer's bonded escrow account, around 4–8 weeks after reservation.
On completion
€707k70%
Balance paid when keys are handed over and the licence of first occupation issued.
Total cost of ownership
VAT / IVA (10% new build)
€101,000
Stamp duty / AJD (1.2%)
€12,120
Notary + registry (~1%)
€10,100
Legal fees (~1%)
€10,100
All-in
€1,133,220
Annual IBI (property tax) ≈ 0.4–1.1% of cadastral value. Community fees vary. Your gestor confirms exact figures.
Spanish mortgage scenario
Indicative non-resident mortgage on the slider price above. Spanish banks typically lend 60–70% LTV to non-residents over 20–25 years.
Total repayable
€1,061,823
50%70%
10 yrs30 yrs
2.5%5.5%
Deposit required
€303,000
Loan amount
€707,000
Illustrative only. Actual Spanish mortgage terms depend on residency, income, tax history and the lender. Roccabox can introduce you to non-resident mortgage brokers.
Investment outlook
Three scenarios our analysts model on every Costa del Sol off-plan deal.
A · Hold and sell at key-ready
€181,800gross uplift
B · Rent long-term (gross/yr)
€28,280
C · Short-term rental (peak gross/yr)
€45,450
Capital growth · 8-yr area benchmark
+30–40%
Personal 5-year model
on request
Ranges are illustrative and gross. Short-term rentals require a tourism licence (VFT) and active management. Our investment analysts can model your specific scenario using current Marbella rental comparables.
Residency planning for non-EU buyers
Spain's property-based Golden Visa route closed to new applicants on 3 April 2025. Non-EU buyers acquiring property at this value still have residency routes — non-lucrative visa, digital-nomad visa, and case-specific options — depending on circumstances. We introduce regulated immigration counsel before any commitment.
Common questions
Buying off-plan in Spain, answered
Straight answers to the questions our specialists field most. For anything else, the assistant above answers in real time.
Is Carat Phase 1 a good investment compared to the local resale market?
Carat Phase 1 is positioned as a premium new-build product with developer warranty, modern specification and limited supply. Comparable to the broader resale stock in Benalmádena Pueblo on price-per-m², the premium reflects new-build standards, plot quality and amenity package not typically available in the resale market. Our market analysts model the projected key-ready value on request.
What is the off-plan payment schedule in Spain?
Spanish off-plan purchases are typically staged: 10% on reservation (refundable holding deposit), a further 20% on signing the private purchase contract, and the remaining 70% on completion. Every euro paid before completion is held under bank guarantee — if the developer defaults, your money is refunded under Spanish law.
Can a non-resident get a mortgage to buy at Carat Phase 1?
Yes. Spanish banks routinely lend 60–70% loan-to-value to non-residents on properties at this value, over terms of 20–25 years at competitive rates. Roccabox introduces vetted non-resident mortgage brokers at no cost.
Does buying at Carat Phase 1 qualify for Spanish residency?
Spain's property-based Golden Visa route closed to new applicants on 3 April 2025 under Organic Law 1/2025. However, other residency routes remain available depending on circumstances — non-lucrative visa, digital-nomad visa, work or family-based permits. Roccabox introduces regulated Spanish immigration counsel.
How far is Carat Phase 1 from Málaga airport?
Approximately 15 minutes' drive, with a direct route via the A-7 / AP-7 motorway.
What is included in the purchase price?
Price includes the unit as specified by the developer. Spanish purchase costs (VAT/IVA on new builds at 10%, AJD stamp duty at 1.2%, notary and registry around 1%, legal counsel typically 1%) sit on top of the headline price. The Roccabox team produces a personalised total-cost breakdown on request.
Can I personalise the property?
At the Completed stage, Carat Phase 1 buyers can typically influence layout details, basement configuration, finishes and specification ahead of handover. The window narrows as the build progresses. Our specialist will walk you through what's still negotiable on each remaining unit.
Speak with us
Speak with our team.
Our New-Developments Desk has reviewed every project on the Costa del Sol catalogue and can walk you through which of the remaining 1 units suit your brief, model the numbers in your currency, and arrange a viewing — including airport transfer where helpful.
Ask a question now via the assistant, or have the team follow up with the full brief.
Shahd Sherif
New-Developments Desk · Marbella
EN · ES · RU · FR · NL · SV
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