Under construction · current release

Waterfall Residences

El Higuerón · Benalmádena Pueblo

Prices from

€720,000

Available

3 of 73

Bedrooms

2–3en-suite

Delivery

Q1 2027

Type

Apartments

Size from

—

Total homes

73 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

Waterfall Residences, in context.

Waterfall Residences is a residential development of 73 two- and three-bedroom apartments positioned within the El Higuerón enclave — a hillside setting between Benalmádena Pueblo, Mijas Pueblo, and Fuengirola, roughly two minutes from Higuerón Resort. Construction began in January 2025, with completion targeted for Q1 2027.

The broader scheme encompasses 233 homes across several typologies — Deluxe apartments, Garden Villas with private pools and drip-irrigated landscaping, Sky Villas, and Sky Solarium Penthouses — with interiors characterised by full-height glazing connecting living spaces to generous terraces. Residents gain direct access to Higuerón Hotel's five-star amenities: a sports club, spa, beach club, restaurants, concierge service, and a community shuttle to Carvajal train station.

With only 3 units remaining from the 73-home allocation and prices ranging from €720,000 to €1,625,000, the window for entry is narrow. A completion delivery in early 2027 places this firmly in the near-term category for buyers weighing off-plan risk against residual availability.

Prepared by the Roccabox New-Developments Desk · Marbella

At a glance

Key facts

01
73-apartment development — 70 of 73 units sold, just 3 remaining
02
Two- and three-bedroom residences priced from €720,000 to €1,625,000
03
Construction under way since January 2025, completion targeted Q1 2027
04
Direct access to Higuerón Hotel spa, beach club, restaurants and concierge
05
Community shuttle to Carvajal railway station; Mediterranean coast minutes away

The current release

The 3 remaining apartments

Each one specified individually. Pricing released on enquiry.

+Show full unit listHide unit list 3 units · Unit, block, floor, specs, garage

Unit	Block	Floor	Beds	Baths	Interior	Outside	Garage
202	Niagara	1	2	2	—	24 m² terrace	—
170	Virginia	—	2	2	—	161 m² terrace	—
226	Niagara	—	3	2	—	49 m² terrace	—

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

Roccabox AI

Ask anything about Waterfall Residences.

Our AI concierge knows every unit, every spec, every price, the off-plan timeline, the local market and how to compare this development against the others nearby. Answers in your language, instantly, any time.

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Live availability

3 of 73 apartments remain

Live data refreshed nightly from our multiple independent sources.

2-bedroom apartments

From

€720,000

2 available

3-bedroom apartment

From

€1,625,000

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. Waterfall 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

€720k

Under construction pricing

Projected key-ready benchmark

€923k

Indicative uplift modelled against comparable new-build completions

Roccabox analyst view

With construction already under way and a Q1 2027 delivery, the conventional off-plan risks associated with ground-up speculation are substantially reduced. More pertinently, only 3 residences from this 73-unit tranche remain — a 96% absorption rate that reflects genuine market conviction rather than promotional momentum. The broader Benalmádena Pueblo market averages €3,208 per square metre across all stock; the positioning of this development, and its hotel-amenity integration, sits in a different category to that general pool.

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

3 of 73 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

2–3 en-suite

Bathrooms

Build stage

Under construction

Completion

Q1 2027

Warranty

10-yr structural

Energy

Class A (new build)

El Higuerón

Living in Benalmádena Pueblo

Golf

4.4 km

Golf Benalmadena Pitch& Putt

Beach

1.1 km

Playa de Torreblanca

Beach club

1.5 km

HW Beach Club

Airport

14.3 km

Aeropuerto de Málaga - Costa del Sol

Restaurant

219 m

Sollo Restaurante

Café

1.8 km

Bar Calypso

Bar

1.2 km

Gecko Beach Shack

Supermarket

1.5 km

Alsara Express

Pharmacy

1.1 km

Farmacia El Higuerón

Hospital

4.1 km

Hospital Vithas Xanit International

Gym

3.0 km

Dianoa Training

Padel / tennis

5.7 km

Club de Raqueta

Marina

4.5 km

Puerto Deportivo de Fuengirola

Train station

918 m

Carvajal

El Higuerón occupies a privileged inland ridge between three of the Costa del Sol's most characterful municipalities. Benalmádena Pueblo, with its whitewashed Andalusian architecture, sits immediately to the north; Fuengirola's seafront promenade and rail connections lie to the south-west; and the hillside village of Mijas Pueblo is a short drive east. The Mediterranean coast itself is reachable within minutes.

The anchor of daily life here is Higuerón Resort — a self-contained destination comprising a sports club and spa, shopping centre, and multiple dining venues, all within a two-minute radius. The terrain is characterised by indigenous planting, birdsong, and sea views across the Málaga coast — the kind of environment that tends not to replicate elsewhere along this stretch of shoreline.

From your door

Marbella Old Town

29 min by car

26.6 km direct

Puerto Banús

37 min by car

33.6 km direct

Málaga Airport

15 min by car

13.8 km direct

Mijas Pueblo

5 min by car

4.1 km direct

La Cala de Mijas

11 min by car

10.2 km direct

Estepona

57 min by car

51.8 km direct

Gibraltar

1h 31m by car

83.4 km direct

Ronda

59 min by car

53.9 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 Waterfall 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

€72k10%

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

Contract signing

€144k20%

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

On completion

€504k70%

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

Total cost of ownership

Purchase price · drag to model

€720,000

From €720,000€1,625,000

VAT / IVA (10% new build)

€72,000

Stamp duty / AJD (1.2%)

€8,640

Notary + registry (~1%)

€7,200

Legal fees (~1%)

€7,200

All-in

€807,840

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

€2,523/mo

Total repayable

€756,943

Loan-to-value · 70%

50%70%

Term · 25 years

10 yrs30 yrs

Interest rate · 3.50%

2.5%5.5%

Deposit required

€216,000

Loan amount

€504,000

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

€129,600gross uplift

B · Rent long-term (gross/yr)

€20,160

C · Short-term rental (peak gross/yr)

€32,400

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

Waterfall 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 Waterfall 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 Waterfall 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 Waterfall Residences 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 Under construction stage, Waterfall 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 3 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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