Waterfall Residences, El Higuerón: new build with sea views in Fuengirola
Apartments, garden apartments and penthouses with 2 or 3 bedrooms, energy rating A and sea views, on the highest part of El Higuerón. Completion planned for December 2027.
Last updated: 20 October 2026
About Waterfall Residences
High on the hill above Carvajal, where Fuengirola meets Benalmádena, a large new residential development is taking shape around green spaces and water features. Waterfall Residences has 233 homes in total, spread across 7,000 m² of landscaped grounds. The first phase comprises 71 homes. Our data shows four homes for sale, priced from €720,000 to €1,625,000. Completion is planned for December 2027.
There are three formats. On the ground floor are garden apartments with their own pool and a small private plot. The middle floors have apartments with a terrace, and at the top are penthouses, some with a private pool or solarium. The cheapest example is a 90 m² apartment with 2 bedrooms and a 24 m² terrace for €720,000. A 117 m² garden apartment with 3 bedrooms costs €895,000. One standout is a 2-bedroom penthouse of 88 m² with a 196 m² terrace, for €940,000.
The development is being built to BREEAM sustainable building standards. That includes renewable energy, aerothermal heating and a greywater recycling system, which is still rare in the area. All four homes in our data have energy rating A. Every home gets 2 parking spaces and a storage room. Residents share pools for adults and children, a sauna and wellness area, an orchard with fruit trees and a meeting room.
Amenities
- Pools for adults and children
- Private pool with the garden apartments and some of the penthouses
- Sauna and wellness area
- Orchard with picnic and barbecue areas
- Business and meeting room
- 24-hour concierge
- Secure complex with lift
- 2 parking spaces and a storage room per home
- EV charging point
- Energy rating A
Waterfall Residences in figures
First, the price level: the median is €9,341 per m². That is 62% above the median for new developments in Fuengirola (€5,779, 27 projects) and 110% above resale homes in Fuengirola (€4,452 per m², idealista, September 2026). So here you are clearly paying for the location and the concept, not for square metres. If you buy the €720,000 apartment, budget around €813,640 in total: €72,000 VAT, €8,640 stamp duty, €4,300 notary and €8,700 lawyer, 13% on top of the price. A third bedroom costs some €175,000 extra in this development. The best ratio of price to outdoor space is the penthouse with its 196 m² terrace. With completion in 14 months, the development sits exactly on the median for other new builds in the municipality.
| Price | € 720.000 |
| VAT (IVA) 10% | € 72.000 |
| Stamp duty (AJD) 1.2% | € 8.640 |
| Notary and land registry (estimate) | € 4.300 |
| Lawyer 1% + VAT (estimate) | € 8.700 |
Around 13.0% on top of the price in total. All purchase costs explained.
| 2 bedrooms | from €720,000 |
| 3 bedrooms | from €895,000 |
Terrace, solarium and garden combined, as a percentage of the living area (median). That is more than 37% of new developments in Fuengirola. Largest outdoor space: 196 m².
Planned completion December 2027. For half of the new developments in Fuengirola, completion is within 14 months.
Calculated by Imagine Marbella on 20 October 2026 from the current listings of 27 new developments in Fuengirola and the average asking price of resale homes in Fuengirola according to Idealista, September 2026. Costs are an estimate; we will prepare an exact calculation for you.
Location
El Higuerón is a hilly urbanisation on the border of Fuengirola and Benalmádena, with the Sierra de Mijas as its backdrop. Waterfall Residences sits on its highest part, at around 214 metres above sea level. That explains the sea views, but also why you will not be walking to the beach from here. The area is green and quiet, with many new residential developments, a hotel and sports facilities close by. Fuengirola, Benalmádena and Mijas Pueblo are quickly reached via the A-7, and Carvajal train station is at the foot of the hill.
In daily life you depend on the car. Playa de Torreblanca is a 6-minute drive; on foot it takes 37 minutes, and the way back is uphill. Carrefour is 2 minutes by car. The international hospital Vithas Xanit is 8 minutes away. Fuengirola centre is 9 minutes away, Benalmádena marina 14 and Málaga city centre 24. Málaga airport is a 21-minute drive.
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 Waterfall Residences along real roads and footpaths, not as the crow flies.
| Destination | On foot | By car |
|---|---|---|
| Nearest beach (Playa de Torreblanca) | 2.8 km, 37 min | 3.3 km, 6 min |
| Supermarket (Carrefour) | 1.2 km, 15 min | 1.2 km, 2 min |
| Golf course (Bil Bil Pitch & Putt) | 5.9 km, 8 min | |
| Hospital (Hospital Vithas Xanit International) | 5.6 km, 8 min | |
| Fuengirola town centre | 9.3 km, 9 min | |
| Benalmádena marina | 10.8 km, 14 min | |
| Málaga city centre | 27.4 km, 24 min | |
| Marbella old town | 34.8 km, 27 min | |
| Málaga airport | 20.7 km, 21 min | |
| Gibraltar airport | 107.2 km, 82 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 7:00 on 21 June and sets at 21:40, giving 14.7 hours of daylight. On 21 December you still have 9.7 hours, with the midday sun at 30° above the horizon. Waterfall Residences sits at around 214 metres above sea level.
All four homes in our data have sea views, which makes sense at this height. Another source mentions a south-west orientation; for each home we check how open the view remains in relation to the other blocks of the development.
Homes and finishes
According to the specifications, every home gets a fully fitted kitchen, air conditioning, underfloor heating in some rooms, home automation and an EV charging point. Hot water and climate control run on aerothermal energy, and the complex recycles greywater. Because the homes are still sold off-plan, we request the technical specifications and the BREEAM file, and check that every deposit is covered by a bank guarantee. We also verify which penthouses actually have a private pool, as not every top-floor home does.
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 Waterfall Residences through Privé.
Available homes in Waterfall Residences
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 |
|---|---|---|---|---|---|---|
| Apartment | 2 | 2 | 90 m² | 24 m² | – | € 720.000 |
| Ground floor apartment | 3 | 2 | 117 m² | 23 m² | – | € 895.000 |
| Penthouse | 2 | 2 | 88 m² | 196 m² | – | € 940.000 |
| Penthouse | 3 | 2 | 125 m² | 40 m² | – | € 1.625.000 |
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Our honest verdict on Waterfall Residences
Strengths
- Sea views confirmed for every home in our data, thanks to the position at 214 metres.
- Energy rating A and a BREEAM approach with greywater recycling.
- 2-bedroom penthouse with a 196 m² terrace for €940,000.
- Garden apartments with a private pool, rare at this price in Fuengirola.
- Extensive shared facilities, from sauna to orchard and concierge.
- Málaga airport a 21-minute drive away.
Points to consider
- At €9,341 per m², you pay 110% more than for resale homes in Fuengirola.
- Completion not until December 2027: you make stage payments on a home under construction.
- Beach a 37-minute walk away, with a steep climb back; count on using the car.
- Large phased development of 233 homes, so years of construction work nearby.
- The 3-bedroom penthouse costs €13,000 per m², well above the rest of the development.
Who is Waterfall Residences right for?
Waterfall Residences suits buyers who value sea views, a modern, energy-efficient home and plenty of shared facilities more than a low price per m². Think of retirees spending the winter in Fuengirola, or families looking for a second home close to the airport. It is less suitable if you want to live without a car, walk to the beach every morning or are looking for a yield investment with a low entry price.
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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Frequently asked questions about Waterfall Residences
Is Fuengirola a good place to spend the winter?
For many international buyers, yes. In December you still get almost 10 hours of daylight here, with the midday sun at 30 degrees. From the hill of El Higuerón you can see the sea, and the airport is 21 minutes away if you travel back and forth often.
When will Waterfall Residences be completed?
Completion is planned for December 2027. Until then you pay in instalments. We check that every payment is covered by a bank guarantee, as Spanish law requires for off-plan new builds.
What does the cheapest home at Waterfall Residences really cost?
With VAT, stamp duty, notary and lawyer, the €720,000 apartment comes to around €813,640. So budget for 13% in additional costs, excluding furniture and any financing costs.
Can you walk to the beach from Waterfall Residences?
In theory, yes, but it is 37 minutes on foot and the way back is a steep climb. By car you are at Playa de Torreblanca in 6 minutes, and Carvajal station is at the bottom of the hill.
Do I pay more if I buy Waterfall Residences 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 Waterfall Residences, 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.
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