My property address, which can be seen via Google Earth: Av. Espana 1, Torremolinos 29620, Malaga, Spain. The unit is on the top floor, south side with private balcony/terrace facing south, in the exact center of the floor, 7th unit from either end of building. The building can be seen from aerial satellite view and includes a just-remodeled outdoor swimming pool, lovely gardens, and tennis court, as well as other features. One of my favorite things is the enormous rooftop terrace a few steps from my unit and directly above it. Almost never does anyone go up there; it is like one`s own huge terrace (except that you cannot leave your personal furniture and items up there), with 360-degree panoramic views of the mountains close by and wrapping around the bay to 70 kilometers distant (at times even the snow-capped mountains of Granada can be seen, as one photo shows), of the city, and of course the sea, which fills your view from the moment you open the door and enter the unit through the floor-to-ceiling windows. When I put about $193,000 into acquiring it 11 years ago for my sisters (sadly, they both died of heart attacks not long afterwards and never even obtained passports to travel), I gutted the entire unit and redid the ceilings (recessed and dimming lighting with ceiling fan), floors (all beautifully tiled, including outside balcony), brand-new fitted kitchen (full-sized frost-free refrigerator, ceramic stove-top with oven beneath, new custom-built cabinetry (all the walls with beautiful tiles, even behind the refrigerator and cabinets), WASHER/DRYER (top of the line Hoover Euro-brand, about 1000 euros), mirrored walls in living area, built-in custom-fitted wardrobes with built-in sliding dresser drawers and four mirrored closet sliding doors, modern thermostat-controlled split-system air-conditioning/heating (which never is needed, really, as it is very comfortable with the huge sliding window/doors wide open any time of the year I have been there, from February through November. (My friend stayed at the unit for a couple years; I asked if it got cold and she said that she never once even turned on the heat.) The window sliders open up even farther than shown in photos, as I have a swinging panel to preserve the outer facade of the building but which can be swung open from so high up, as it is not really noticeable from below. Even with my lights on at night with the nearly wall-to-wall double-paned, floor-to-ceiling sliding windows as wide open as possible, I have never noticed an insect, whether moth, fly, mosquito, or bug, inside the unit. The bed now has a newer queen-sized mattress. The full bath is beautifully tiled and includes the standard bathtub/shower, bidet, etc. The building is kept in good repair, and the lobby has recently been remodeled. There are three new elevators affording easy, quick, and quiet access. The area is a walker`s delight! You are right in the very center of everything interesting and desirable, the very best part of the Costa del Sol, yet it is quiet (no traffic noise, nor traffic either) and peaceful. Also, it is very, very safe; you can walk along the seafront lighted promenade worry-free at 3 A.M., if you wish. Down the three new elevators to the gate exiting to the pool gardens, from where you are on the beach in ten steps.
The units in the building are owned by individual owners, most of whom have their units in the owners` cooperative hotel program. A couple dozen of us owners have kept our units separate from the hotel.
I have never had my unit in the building`s rental program, but if the property is placed in the hotel rental pool, the manager informs that in the rental pool owners pay nothing in the way of operational fees or community charges nor for any repairs, insurance, etc. (except taxes on income, if applicable) and the annual property tax which is only $550 ever since I bought it over a decade ago. He said this month that the free stay with meals for two persons/owners is for 60 days out of the high season and that last year the owners each received over 3150 euros in profits. If the owners` stay is for more than 60 days in a year, the amount may be adjusted according to the season. The management take care of all maintenance and repairs, painting, etc. I do remember, I think, that when they converted to nice new doors for the hotel units, I think the owners paid a nominal cost for that, but my unit still has the original door. He also says that in that arrangement, you still retain full ownership of your studio and that only its use (exploitation) is affected as part of the communal rental pool.
My friend (who owns a lower floor unit there and also runs her own holiday rental business located a couple blocks away, dealing with multiple rental properties) handles most of my rentals of the unit, and she rents in July (etc.) my studio for 315 euros/week but can get 350 euros/week in August.
I have never heard sounds from neighbors on either side of me, while I was staying in the unit. Every evening from 10 to 12 there is free entertainment nightly throughout the year: flamenco shows, good (romantic) music and dancing, other shows and entertainments. There is an excellent buffet restaurant on the premises. Three new elevators give easy access down to the lobby, where there is free WiFi in all areas. There are no utility charges: all the electric, water, cable TV, and garden & pool maintenance is included. Putting EVERYTHING together: all the yearly property TAXES, all community maintenance fees which include ALL UTILITIES and insurance, etc.--the costs of ownership come to under $400 monthly, expected to be even lower this year through anticipated restructuring of charges for those of us not in the hotel pool. The deed shows 35 square meters (380 square feet). Full kitchen off the studio, with full bath and private (walled up) seafront balcony, facing south.