Under construction · current release

Residencial Pacaraima

La Carihuela · Torremolinos · Ref: RDEV2224

Prices from

€645,000

Available

3 of 29

Bedrooms

2–4en-suite

Delivery

Q2 2026

Type

Apartments

Size from

96 m²

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

Residencial Pacaraima, in context.

Residencial Pacaraima is a new-build apartment scheme in La Carihuela, the old fishing quarter of Torremolinos that has become one of the western Costa del Sol's most walkable coastal neighbourhoods. The development comprises multi-family homes of two, three and four bedrooms alongside two single-family houses, arranged across two buildings with a design the developer team describes as an exercise in symmetry and restraint, inside and out.

Homes are delivered with fitted kitchens, Airzone-segmented air conditioning, aerothermal heating and motorised blinds, and every residence includes a parking space and storage room. The beach sits roughly a ten-minute walk away along the promenade. With 26 of 29 units already sold and completion scheduled for Q2 2026, Pacaraima is in its final release rather than its opening one.

Prepared by the Roccabox New-Developments Desk · Marbella

At a glance

Key facts

01
Two-, three- and four-bedroom apartments plus two single-family homes
02
Built areas from 96 m² to 222 m², priced €645,000 to €1,100,000
03
Only 3 of 29 units remaining, completion Q2 2026
04
Parking space and storage room included with every home
05
Roughly a ten-minute walk to Playa de la Carihuela

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
—	—	0	2	1	96 m²	27 m² terrace · 70 m² garden	2 + storage
—	—	V. Pareada	4	1	186 m²	57 m² terrace · 127 m² garden	2 + storage
—	—	AT	3	2	222 m²	41 m² terrace	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

3 of 29 apartments remain

Live data refreshed nightly from our multiple independent sources.

2-bedroom Apartment 96 m²

From

€645,000

1 available

3-bedroom Apartment 222 m²

From

€1,100,000

1 available

4-bedroom Apartment 186 m²

From

€995,000

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. Residencial Pacaraima 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

€645k

Under construction pricing

Projected key-ready benchmark

€827k

Indicative uplift modelled against comparable new-build completions

Roccabox analyst view

This is not an early-stage speculative buy. Construction is under way with completion set for Q2 2026, and 26 of 29 homes have already sold, leaving three. La Carihuela resale stock currently trades at a median of around €4,149 per m², and remaining Pacaraima units carry the premium of new construction with parking, storage and modern building systems included. For buyers wanting a near-complete home in a proven coastal location, the scarcity here is real rather than manufactured.

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 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.

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.

Residencial Pacaraima is not priced against average Torremolinos 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 €6,719 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 €3,384/m².

Comparable confidence: 70% · Source: live market data, 24/07/2026

Torremolinos apartments median (€/m²)

€3,384

Residencial Pacaraima (€/m² built)

€6,719

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

96–222 m²

Internal area per unit

Specification

What every unit receives

Bedrooms

2–4 en-suite

Bathrooms

1–2

Built area

96–222 m²

Build stage

Under construction

Completion

Q2 2026

Warranty

10-yr structural

Energy

Class A (new build)

La Carihuela

Living in Torremolinos

Golf

3.4 km

Campo de Golf Miguel Ángel Jiménez

Beach

784 m

Playa de la Carihuela

Beach club

7.1 km

HW Beach Club

Airport

7.9 km

Aeropuerto de Málaga - Costa del Sol

Restaurant

86 m

Zero 81

Café

433 m

Ikaros Café

Bar

672 m

The View

Supermarket

528 m

Mandarin Food Products

Pharmacy

630 m

Farmacia Pez Espada

Hospital

3.9 km

Hospital Marítimo de Torremolinos

Gym

343 m

Gimnasio Pumping Hierro

Padel / tennis

2.8 km

Club de Raqueta

Marina

11.9 km

Puerto Deportivo de Fuengirola

Train station

251 m

El Pinillo

La Carihuela is built for daily coastal living rather than resort seclusion. Playa de la Carihuela is about 800 metres away, with Playa Malapesquera and El Gato Beach within a few minutes' drive. The immediate streets are dense with options: Zero 81 sits under 100 metres from the door, with cafés such as Ikaros and La Canasta, a gym, pharmacy and Mandarin Food supermarket all inside a five-minute walk.

Connections are unusually strong for a beachside address. El Pinillo train station is 251 metres away, placing central Málaga and Fuengirola on the coastal rail line, while Málaga airport is a 16-minute drive. Golf at Campo de Golf Miguel Ángel Jiménez and hospitals in Torremolinos and Benalmádena are all within roughly ten minutes.

From your door

Marbella Old Town

38 min by car

34.8 km direct

Puerto Banús

46 min by car

41.7 km direct

Málaga Airport

8 min by car

7.4 km direct

Mijas Pueblo

12 min by car

11.2 km direct

La Cala de Mijas

19 min by car

17.4 km direct

Estepona

1h 5m by car

60.0 km direct

Gibraltar

1h 40m by car

91.5 km direct

Ronda

1h 5m by car

60.0 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 Residencial Pacaraima 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

€65k10%

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

Contract signing

€129k20%

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

On completion

€452k70%

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

Total cost of ownership

Purchase price · drag to model

€645,000

From €645,000€1,100,000

VAT / IVA (10% new build)

€64,500

Stamp duty / AJD (1.2%)

€7,740

Notary + registry (~1%)

€6,450

Legal fees (~1%)

€6,450

All-in

€723,690

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

€2,260/mo

Total repayable

€678,095

Loan-to-value · 70%

50%70%

Term · 25 years

10 yrs30 yrs

Interest rate · 3.50%

2.5%5.5%

Deposit required

€193,500

Loan amount

€451,500

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

€116,100gross uplift

B · Rent long-term (gross/yr)

€18,060

C · Short-term rental (peak gross/yr)

€29,025

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 Residencial Pacaraima a good investment compared to the local resale market?

Residencial Pacaraima is positioned as a premium new-build product with developer warranty, modern specification and limited supply. Comparable to the broader resale stock in Torremolinos 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 Residencial Pacaraima?

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 Residencial Pacaraima 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 Residencial Pacaraima from Málaga airport?

Approximately 10 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, Residencial Pacaraima 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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