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El Palo, Málaga Ciudad, Málaga

Residential Plot for sale in El Palo - 3 beds, 1 bath

€797,900

  • 3Bedrooms
  • 1Bathrooms
  • 199 m²Plot

Description of Residential Plot for sale in El Palo

We present this exclusive urban plot for development, located in one of the most sought-after areas of Málaga — El Palo.

The area stands out for its excellent connectivity, proximity to the beach, leisure zones, schools, commercial areas, and overall vibrant lifestyle.

Do not hesitate to contact us — we can provide full advisory support, including architectural consultation.

The plot measures 199 m2 with a 7.6-meter street frontage.

Classified as CTP (Low + 1), it is ideal for:

A detached single-family home

A building with up to three residential units

Or as an investment opportunity with potential to develop 7–8 tourist apartments

In compliance with Decree 218/2005 of October 11th issued by the Junta de Andalucía, clients are informed that notary fees, registration costs, Property Transfer Tax (ITP), and other expenses related to the purchase are NOT included in the listed price.

Real estate agency fees ‌are ‌also ‌NOT ‌included and ‌amount ‌to 2% + ‌VAT. ‌The ‌buyer has ‌the ‌right ‌to ‌receive ‌a copy of the corresponding ‌Abbreviated ‌Information ‌Document ‌(DIA) ‌for ‌the ‌property.

Buying and running costs of Residential Plot for sale in El Palo

To buy it

Asking price€797,900
Transfer tax (ITP, 7%)€55,853
Notary & land registry (approx.)€7,979
Lawyer (approx. 1% + VAT)€9,655
Estimated total€871,387

Estimate for a resale home in Andalucía. New builds pay 10% VAT and 1.2% stamp duty instead of transfer tax. Your lawyer will confirm the exact figures.

To own it

€16/month

IBI (property tax)€188/yr

Fixed yearly costs declared by the seller. Utilities and insurance are extra.

Details of Residential Plot for sale in El Palo

Type
Residential Plot
Location
El Palo, Málaga Ciudad, Málaga
Price
€797,900
Plot
199 m²

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