Residencial Pacaraima, Montemar: key-ready new build in Torremolinos
Key-ready apartments, a semi-detached home and a penthouse with 2 to 4 bedrooms, a 13-minute walk from La Carihuela beach. From €625,000.
Last updated: 20 October 2026
About Residencial Pacaraima
No need to wait here. Residencial Pacaraima is key-ready: completion was scheduled for 1 July 2026 and the homes are ready to move into. The development has 37 homes with 2, 3 and 4 bedrooms, including 2 semi-detached houses, in the Montemar neighbourhood, close to La Carihuela. Our data still lists five homes for sale, from €625,000 to €1,100,000.
There is plenty of choice. A ground-floor apartment with 2 bedrooms and 96 m² built costs €625,000, with a 47 m² terrace. With 3 bedrooms and 122 m² you pay €695,000, with a 61 m² private plot. The 4-bedroom ground-floor apartment measures 136 m² and has 144 m² of outdoor space, for €795,000. The semi-detached home with 4 bedrooms and 3 bathrooms is 186 m² and costs €995,000, with 2 parking spaces. At the top is a 3-bedroom penthouse with a 56 m² terrace for €1,100,000.
The communal areas offer plenty of outdoor space: large gardens, a pool with a beach-style entry, in-water sun loungers and a lap lane, a children's play area and an outdoor fitness zone. There is also a txoco, a Basque-style gastronomic space where you can cook and eat with friends. Every home has a storage room and a parking space.
Amenities
- Key-ready
- Pool with beach-style entry and lap lane
- In-water sun loungers
- Children's play area
- Outdoor fitness area
- Txoco with barbecue
- Communal gardens
- Gated complex
- Storage room and parking space
- Lift
Residencial Pacaraima in figures
Worth noting: by our comparison, Pacaraima is one of the cheapest new developments per m² in Torremolinos. Its median of €5,846 per m² is 2% below that of new builds in the municipality (€5,962, 6 projects), although it is 39% above resale homes in Torremolinos (€4,199 per m², idealista, September 2026). The price ladder is logical: €625,000 for 2 bedrooms, €695,000 for 3, €795,000 for 4, an average of €85,000 per extra bedroom. At €8,333 per m², the penthouse is clearly the most expensive home. For the entry-level apartment, allow around €706,400 all in: €62,500 VAT, €7,500 stamp duty, €3,800 notary and €7,600 lawyer.
| Price | € 625.000 |
| VAT (IVA) 10% | € 62.500 |
| Stamp duty (AJD) 1.2% | € 7.500 |
| Notary and land registry (estimate) | € 3.800 |
| Lawyer 1% + VAT (estimate) | € 7.600 |
Around 13.0% on top of the price in total. All purchase costs explained.
| 2 bedrooms | from €625,000 |
| 3 bedrooms | from €695,000 |
| 4 bedrooms | from €795,000 |
Terrace, solarium and garden combined, as a percentage of the living area (median). That is more than 67% of new developments in Torremolinos. Largest outdoor space: 56 m².
Calculated by Imagine Marbella on 20 October 2026 from the current listings of 6 new developments in Torremolinos and the average asking price of resale homes in Torremolinos according to Idealista, September 2026. Costs are an estimate; we will prepare an exact calculation for you.
Location
Montemar lies on the western side of Torremolinos, between the town centre and Benalmádena marina, at around 59 metres above sea level. It is a residential area of villas and low-rise apartment buildings, quieter than the centre but close to La Carihuela, the old fishing quarter with a long promenade and fish and seafood restaurants. Torremolinos is a town with every service, an international crowd and quick links to Málaga. For winter residents, it is one of the most popular places on the coast.
This is a place where you can often leave the car at home. Mercadona is a 3-minute walk away, the English-speaking school Kings English 13 minutes on foot and La Carihuela beach also 13 minutes. Benalmádena marina is a 23-minute walk. Hospital Marítimo is a 9-minute drive, Málaga city centre 22 minutes and the airport 18 minutes.
We will send you the exact location and the address of the sales office when you request Privé access or book a viewing.
Distances, measured by us
Measured from Residencial Pacaraima along real roads and footpaths, not as the crow flies.
| Destination | On foot | By car |
|---|---|---|
| Nearest beach (Playa de la Carihuela) | 970 m, 13 min | 1.1 km, 3 min |
| Supermarket (Mercadona) | 200 m, 3 min | 200 m, 0 min |
| Golf course (Campo de Golf Miguel Ángel Jiménez) | 4.0 km, 53 min | 4.3 km, 8 min |
| International school (Kings English) | 990 m, 13 min | 960 m, 2 min |
| Hospital (Hospital Marítimo de Torremolinos) | 4.4 km, 59 min | 4.9 km, 9 min |
| Fuengirola town centre | 18.6 km, 19 min | |
| Benalmádena marina | 1.7 km, 23 min | 1.9 km, 3 min |
| Málaga city centre | 19.3 km, 22 min | |
| Málaga airport | 11.3 km, 18 min | |
| Gibraltar airport | 116.5 km, 93 min |
Calculated with OpenStreetMap routes without traffic, on 20 October 2026. Walking times over an hour are omitted.
Sun, light and views
Here the sun rises at 6:59 on 21 June and sets at 21:39, giving 14.7 hours of daylight. On 21 December you still have 9.7 hours, with the midday sun at 30° above the horizon. Residencial Pacaraima sits at around 59 metres above sea level.
The project description mentions terraces facing the Mediterranean, but sea views are not confirmed for the homes currently for sale. We check the view of each home during the viewing.
Homes and finishes
The homes have a fitted kitchen, zoned air conditioning per room via an Airzone system, aerothermal heating and electric shutters. All the homes in our data have energy rating B. As the project is complete, you can check the finishes on site yourself. We go through the licence of first occupation with you, the handover of the communal areas and any snagging list from earlier buyers, and we request the annual community fees.
Payment schedule
As with most new builds on the Costa del Sol, you pay in instalments: a reservation deposit, a portion on signing the purchase contract and during construction, and the balance at the deed signing. Every payment before completion must be covered by a bank guarantee. We will send you the exact payment schedule for Residencial Pacaraima through Privé.
Available homes in Residencial Pacaraima
A selection, as of 20 October 2026. More homes are available than shown below; request the full price list.
| Type | Beds | Baths | Living area | Terrace | Garden | Price |
|---|---|---|---|---|---|---|
| Ground floor apartment | 2 | 2 | 96 m² | 47 m² | – | € 625.000 |
| Ground floor apartment | 3 | 2 | 122 m² | 22 m² | – | € 695.000 |
| Ground floor apartment | 4 | 2 | 136 m² | 35 m² | – | € 795.000 |
| Semi-detached | 4 | 3 | 186 m² | 55 m² | – | € 995.000 |
| Penthouse | 3 | 2 | 132 m² | 56 m² | – | € 1.100.000 |
Book a viewing nowGet the price list and floor plansSend us a WhatsApp
Our honest verdict on Residencial Pacaraima
Strengths
- Key-ready, so no construction risk and you see exactly what you are buying.
- La Carihuela beach and a supermarket within walking distance.
- Price per m² 2% below the median for new builds in Torremolinos.
- Ground-floor apartment with 4 bedrooms and 144 m² of outdoor space for €795,000.
- Málaga airport an 18-minute drive away, ideal for short stays.
- Pool with a lap lane and a txoco: facilities you rarely see in a development of 37 homes.
Points to consider
- Sea views are not confirmed for the available homes, despite the description.
- The penthouse costs €8,333 per m², considerably more than the other homes in the project.
- Only five homes left for sale in our data, so the choice is limited.
- Price per m² 39% above resale homes in Torremolinos.
- Most homes have only one parking space.
Who is Residencial Pacaraima right for?
Pacaraima suits buyers who want to enjoy their home straight away, such as winter residents or families looking for a permanent base by the sea with everything within walking distance. The ground-floor apartments with outdoor space are attractive if you want a garden without the upkeep of a villa. Less suitable if you are looking for absolute quiet or guaranteed sea views.
Why buy through Imagine Marbella?
With us you pay exactly the same price as buying direct from the developer. Our fee is paid by the seller, not by you. What you get on top is what makes the difference.
- Independent. We are not tied to any development. We compare the entire market and tell you honestly when a project is not right for you.
- Stronger at the negotiating table. Whenever there is room to negotiate, on price, payment schedule, finishes or a parking space, we know the market, the sales figures and the developers. We defend your interests; the seller defends theirs.
- Free extra services. We check licences, bank guarantees and specifications, provide legal support in your own language and plan viewings around your travel dates.
- Beyond the handover. We follow the construction, the handover and the after-sales with you, so you are never on your own.
Imagine Privé
As a Privé member, you receive the current price list and availability, floor plans, the building specifications, the payment schedule and our comparison with other new developments, in English, French, Dutch or Spanish.
Free and without obligation.
Off market: what you will not find online
Not every property on the Costa del Sol ends up on a website.
Owners who want to sell discreetly, a last penthouse that has not yet been released, a villa that only comes onto the market when the right buyer appears: part of the market changes hands without a single advert. Already know the market and looking for something you cannot find online? Tell us as precisely as possible what you are looking for. If it exists, we will find it for you.
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Completely confidential. We only share your search with your permission.
Frequently asked questions about Residencial Pacaraima
Is Torremolinos a good place to spend the winter?
Torremolinos is popular with international buyers for the winter: mild temperatures, a town that is lively all year round and an airport 18 minutes away. From Pacaraima you walk to the La Carihuela promenade in 13 minutes.
Has Residencial Pacaraima already been completed?
Yes, the project is key-ready, with completion scheduled for 1 July 2026. You can view the homes as they are and move in straight after the purchase.
What does an apartment in Pacaraima cost all in?
With VAT, stamp duty, notary and lawyer, the €625,000 apartment costs around €706,400. That is 13% on top of the price.
Do the homes in Pacaraima have a garden?
Some of the ground-floor homes have private outdoor space, up to 144 m² for the 4-bedroom apartment. You also share large communal gardens with a pool and play area.
Do I pay more if I buy Residencial Pacaraima through Imagine Marbella?
No. You pay the same price as buying directly from the seller. Through us you also get independent advice, legal guidance and aftercare.
What costs come on top of the price of a new-build home?
In Andalusia, a new build carries 10% VAT (IVA) and 1.2% stamp duty (AJD), plus notary, land registry and lawyer's fees. For the most affordable home in Residencial Pacaraima, that adds up to around 13.0%.
About the author
Geert Eeckeleers, Managing Director of Imagine Marbella. Since 2018 he has guided buyers on the Costa del Sol, in English, French, Dutch and Spanish.
Next step
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