New-Build 3-Bed Bungalow, Cancelada (Nueva Milla De Oro)
Cancelada Nueva Milla De Oro, Estepona · Malaga
3 Bed3 Bath260 m²Energy: G
Description
One of just 14 bungalows in this new-build development in Cancelada (Nueva Milla De Oro), this ground-floor property covers 260 m2 of built space across 3 bedrooms and 3 bathrooms. The development sits approximately 2 km from the coast, and the bungalow includes a private solarium, private garage, and underfloor heating throughout. Home automation technology controls key functions including lighting and climate. Built-in wardrobes feature in all 3 bedrooms, providing practical storage throughout.Cancelada (Nueva Milla De Oro) sits between Estepona town and San Pedro de Alcántara, in the western stretch of the Costa del Sol. The area gives direct access to the N-340 coastal road, linking residents to Estepona's old town, Playa de la Rada, and the Paseo Marítimo within a short drive. A number of golf courses operate within the surrounding corridor, and Málaga Airport (AGP) is approximately 20 minutes by car. Day-to-day services including supermarkets are available along the Cancelada commercial strip.At EUR 1,012,000, the price per m2 works out at approximately EUR 3,892. As a new-build property in Andalusia, the applicable purchase tax is IVA at 10%, amounting to EUR 101,200. Notary fees typically run between EUR 600 and EUR 1,200, land registry between EUR 400 and EUR 800, and independent legal fees approximately 1% of the purchase price plus VAT. Community fees are listed at EUR 0 and buyers should confirm the final figure with the developer before exchange. IBI has not been assessed yet for this new-build. The energy rating is G.The bungalow includes a private garden and a solarium, offering usable outdoor space at ground level and on the upper deck. The solarium provides open views towards the coast. The private garage is accessed within the development and is included in the price. Communal facilities include landscaped gardens and a gym.
Features
- Solarium
- Private garden
- Private garage
- Underfloor heating
- Home automation system
- Built-in wardrobes
- 3 bedrooms
- 3 bathrooms
- Communal gym
- Communal landscaped gardens
- New build
- Ground floor
Property Details
| Property Type | Bungalow |
| Bedrooms | 3 |
| Bathrooms | 3 |
| Built Area | 260 m² |
| Floor | 0 |
| Energy Certificate | G |
| Reference | 84697510-02 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
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Location
Cancelada Nueva Milla De Oro, Estepona · 36.4669, -5.0593
About Cancelada Nueva Milla De Oro, Estepona
Estepona is one of the most popular destinations on Spain's Costa Blanca.
Frequently Asked Questions
What are the purchase costs on top of the asking price?
As a new-build property in Andalusia, VAT (IVA) applies at 10% of the purchase price, which on EUR 1,012,000 equals EUR 101,200. In addition, you should budget for notary fees of EUR 600 to EUR 1,200, land registry fees of EUR 400 to EUR 800, and independent legal fees of approximately 1% of the purchase price plus VAT (around EUR 12,144 including VAT at 21%). Total additional costs typically come to around 12 to 13% of the purchase price.
Can non-residents obtain a mortgage for this property?
Yes. Non-resident buyers can typically access mortgage financing in Spain, though most lenders will require a deposit of 30 to 40% of the purchase price. On EUR 1,012,000 that means having EUR 303,600 to EUR 404,800 available as a deposit. Current variable and fixed rates from Spanish lenders are broadly in the 3.5 to 4.5% range, though the rate offered will depend on your financial profile and the lender.
What are the ongoing running costs for this property?
Community fees are listed as EUR 0 per year and buyers should confirm the final figure directly with the developer, as charges may apply once the development is complete. IBI (council tax) has not yet been assessed for this new-build property and will be confirmed following completion and registration. Refuse collection (basura) charges have not been provided and should be requested from the agent.
Can I arrange a viewing, and is a video viewing possible?
Yes. In-person viewings of the development and show unit can be arranged through OceanHome at a time that suits you. If you are based outside Spain, we can also organise a live video viewing so you can walk through the property remotely before committing to travel.
Does this property have rental potential?
Cancelada (Nueva Milla De Oro) is within the Costa del Sol tourist corridor, and properties in this area are popular with both short-term holiday renters and longer-term seasonal tenants. New-build bungalows of this size, with a solarium and private outdoor space, tend to attract demand from both markets. A tourist rental licence from the Junta de Andalucía is required for short-term letting and our team can provide guidance on the application process.
What steps are involved in buying this property?
First, you will need a Spanish NIE (tax identification number), which can be obtained at a consulate or in Spain with a solicitor's help. Once you have agreed to proceed, a reservation contract is signed and a holding deposit (typically EUR 3,000 to EUR 6,000) is paid to take the property off the market. This is followed by a private purchase contract (arras), where usually 10% of the purchase price is paid. The balance is settled at the notary on the completion date, when title formally transfers to you. We recommend appointing an independent Spanish solicitor throughout the process.
Maya Kallio💚
The Heart of Our Operations
Co-founder of OceanHome. Helping international buyers find their dream property in Spain since 2004.
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Key Details
- Type
- bungalow
- Bedrooms
- 3
- Bathrooms
- 3
- Build Size
- 260 m²
- Energy Rating
- G
