Under construction · current release

Korall Residences

El Higuerón · Benalmádena Pueblo · Ref: RDEV2098

Prices from

€810,000

Available

16 of 29

Bedrooms

3en-suite

Delivery

1st Quarter 2028

Type

Apartments

Size from

On request

Total homes

29 homes

Phase

Under construction

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Licensed agency · est. 2017 AIPP member 500+ active developments

Project lifecycle

Coming soon

Off-plan

With licence

You are hereUnder construction~22% saving

Completed

Roccabox · the editorial

Korall Residences, in context.

Korall Residences is a gated scheme of 28 homes in the lower reaches of El Higuerón, the stretch of Benalmádena that runs down towards Carvajal and the sea.

The developer calls them Sky Villas and the label is earned: each is a single-family house of three bedrooms and two bathrooms, built over four staggered levels so that terraces step back from one another and nobody looks into a neighbour's living room. Built areas run from 151 to 166 m².

The staggered section is the whole point. It buys privacy and it buys sea views from more than one floor, which few three-bedroom homes at this price manage. Every house has its own garden, with a private pool available as an option.

Heating and cooling come from an aerothermal system controlled by phone, there is underfloor heating in the bathrooms and each home carries two parking spaces and a storeroom.

Prices run from €810,000 to €1,475,000 and construction is under way for first-quarter 2028 delivery. Availability is the one area where sources disagree: our records show 16 of the homes unsold, while the developer's most recent release put the figure considerably lower. Worth confirming before you fall for a specific plot.

Prepared by the Roccabox New-Developments Desk · Marbella

At a glance

Key facts

01
Twenty-eight gated Sky Villas, three beds, 151 to 166 m² across four staggered levels
02
Playa de Torreblanca 428 m away, Carvajal train station a 309 m walk
03
Private garden to every home, with a private pool available as an option
04
Aerothermal climate control by phone app, two parking spaces and storeroom included
05
Under construction now for Q1 2028 delivery, priced €810,000 to €1,475,000

The current release

The 16 remaining apartments

Each one specified individually. Pricing released on enquiry.

+Show full unit listHide unit list 16 units · Unit, block, floor, specs, garage

Unit	Block	Floor	Beds	Baths	Interior	Outside	Garage
1.2	—	—	3	2	154 m²	8 m² terrace · 23 m² garden	2 + storage
3.4	—	—	3	2	153 m²	11 m² terrace · 39 m² garden	2 + storage
2.5	—	—	3	2	166 m²	5 m² terrace · 41 m² garden	2 + storage
3.3	—	—	3	2	153 m²	14 m² terrace · 37 m² garden	2 + storage
3.2	—	—	3	2	—	13 m² terrace · 36 m² garden	—
3.5	—	—	3	2	157 m²	4 m² terrace · 44 m² garden	2 + storage
3.1	—	—	3	2	158 m²	9 m² terrace · 29 m² garden	2 + storage
4.2	—	—	3	2	154 m²	17 m² terrace · 52 m² garden	2 + storage
4.4	—	—	3	2	153 m²	11 m² terrace · 48 m² garden	2 + storage
4.3	—	—	3	2	154 m²	14 m² terrace · 48 m² garden	2 + storage
4.5	—	—	3	2	166 m²	5 m² terrace · 47 m² garden	2 + storage
5.2	—	—	3	2	153 m²	13 m² terrace · 48 m² garden	2 + storage
5.1	—	—	3	2	158 m²	13 m² terrace · 42 m² garden	2 + storage
5.3	—	—	3	2	157 m²	11 m² terrace · 52 m² garden	2 + storage
6.5	—	—	3	2	151 m²	11 m² terrace · 45 m² garden	2 + storage
6.6	—	—	3	2	166 m²	5 m² terrace · 38 m² garden	2 + storage

Pricing released on enquiry. Reservations require a refundable holding deposit, held under Spanish bank guarantee until completion.

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Live availability

16 of 29 apartments remain

Live data refreshed nightly from our multiple independent sources.

3-bedroom Apartments 151–166 m²

From

€810,000

16 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. Korall Residences currently sits in the Under construction band.

Coming soon

~40% off

Off-plan

~32% off

With licence

~27% off

Under construction

YOU ARE HERE

~22% off

Completed

~16% off

Current entry

€810k

Under construction pricing

Projected key-ready benchmark

€1.04M

Indicative uplift modelled against comparable new-build completions

Roccabox analyst view

Korall is past the speculative stage. Foundations are in, the delivery target is the first quarter of 2028 and the scheme is capped at 28 homes, so what remains is finite by design. Buying now still leaves room to specify the private pool option and internal finishes while the build allows it and payment is staged rather than due in full. The pricing case rests on scale: these are new-build houses with private gardens 428 metres from the sand, in a town where the resale median runs at €3,307 per m² and average values have risen from €3,233 to €3,323 per m² over the past twelve months. Confirm current availability early. It has been moving.

Reserving early

Why buyers reserve at this stage

Personalisation window

Reserving during the Under construction phase gives buyers genuine input into layout, finishes and basement use ahead of handover, a window that closes as the build advances.

Scarcity and specification

16 of 29 units remain. The plot sizes, orientation and amenity package on this scheme are not easily replicated in the immediate resale stock.

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.

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

Apartments

Specification

What every unit receives

Bedrooms

3 en-suite

Bathrooms

Build stage

Under construction

Completion

1st Quarter 2028

Warranty

10-yr structural

Energy

Class A (new build)

El Higuerón

Living in Benalmádena Pueblo

Golf

5.0 km

Golf Benalmadena Pitch& Putt

Beach

428 m

Playa de Torreblanca

Beach club

1.6 km

HW Beach Club

Airport

15.1 km

Aeropuerto de Málaga - Costa del Sol

Restaurant

212 m

Mia's

Café

925 m

Bar Calypso

Bar

262 m

The Carribbean Bar

Supermarket

585 m

Alsara Express

Pharmacy

878 m

Farmacia Jiménez Ortigosa

Hospital

4.7 km

Hospital Vithas Xanit International

Gym

4.0 km

SynerGym

Padel / tennis

6.0 km

Club de Raqueta

Marina

3.6 km

Puerto Deportivo de Fuengirola

Train station

309 m

Carvajal

This is the rare Costa del Sol address where a car is optional. Playa de Torreblanca is 428 metres down the hill, close enough for a swim before breakfast and back before the sand heats up. The nearest restaurant sits 212 metres from the gate, the nearest supermarket 585 metres, the pharmacy under a kilometre. Carvajal station is a 309 metre walk, which puts Fuengirola, Benalmádena and central Málaga on a train line rather than a motorway.

Beyond the immediate streets, the day opens up. Fuengirola's marina is seven minutes by car, with the beach clubs and chiringuitos of the Torreblanca to Carvajal seafront strung out along the paseo in between. Pitch and putt at Benalmádena is ten minutes, with two fuller courses inside a quarter of an hour.

Vithas Xanit International, the coast's best-known private hospital, is nine minutes away.

The climate does the rest. Average highs of 21.4°C and lows of 14.8°C across the year mean the garden and the terraces are usable in February as well as July and the network of green corridors, cycle lanes and walking paths threading El Higuerón gives the place a settled, residential rhythm rather than a holiday one.

From your door

Marbella Old Town

29 min by car

26.3 km direct

Puerto Banús

36 min by car

33.2 km direct

Málaga Airport

16 min by car

14.6 km direct

Mijas Pueblo

5 min by car

4.7 km direct

La Cala de Mijas

10 min by car

9.3 km direct

Estepona

56 min by car

51.5 km direct

Gibraltar

1h 30m by car

82.8 km direct

Ronda

59 min by car

54.2 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 Korall Residences 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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WhatsApp the team +34 951 12 04 67

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

€81k10%

Refundable holding deposit until contract signing; locks the unit out of the open market.

Contract signing

€162k20%

First instalment to the developer's bonded escrow account, around 4–8 weeks after reservation.

On completion

€567k70%

Balance paid when keys are handed over and the licence of first occupation issued.

Total cost of ownership

Purchase price · drag to model

€810,000

From €810,000€1,475,000

VAT / IVA (10% new build)

€81,000

Stamp duty / AJD (1.2%)

€9,720

Notary + registry (~1%)

€8,100

Legal fees (~1%)

€8,100

All-in

€916,920

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.

Monthly payment

€2,839/mo

Total repayable

€851,561

Loan-to-value · 70%

50%70%

Term · 25 years

10 yrs30 yrs

Interest rate · 3.50%

2.5%5.5%

Deposit required

€243,000

Loan amount

€567,000

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

€145,800gross uplift

B · Rent long-term (gross/yr)

€22,680

C · Short-term rental (peak gross/yr)

€36,450

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 Korall Residences a good investment compared to the local resale market?

Korall Residences 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 Korall Residences?

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 Korall Residences 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 Korall Residences from Málaga airport?

Approximately 16 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 Under construction stage, Korall Residences 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 16 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

Call the team · +34 951 12 04 67 WhatsApp the team Ask the assistant

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