Second-Floor 2-Bedroom Penthouse, Cancelada (Nueva Milla De Oro)
Cancelada Nueva Milla De Oro, Estepona · Malaga
2 Bed2 Bath137 m²Energy: G
Description
A top-floor new-build penthouse in Cancelada (Nueva Milla De Oro) with a private solarium sits on the second floor of a contemporary development, offering 137 m2 of built space across 2 bedrooms and 2 bathrooms. The open-plan living and dining area connects directly to a terrace, with a fitted kitchen, double glazing throughout, and air conditioning included as standard. A lift serves all floors. Energy rating is G, which is typical for new builds currently under certification.Cancelada forms part of the Nueva Milla de Oro corridor between Estepona and Marbella, a stretch that has seen consistent residential development over the past decade. The area sits close to the AP-7 motorway access, and Málaga Airport is approximately 20 minutes by car. Local amenities, including supermarkets and golf courses, are within a short drive of the development.Community fees are not yet set for this development; buyers should request the projected figure from the developer before exchange. IBI has not been assigned to this property at listing date. As a new-build purchase in Andalucía, IVA applies at 10% of the purchase price, plus AJD stamp duty at 1.2%, set by the Autonomous Community of Andalucía. ITP does not apply. Reduced rates and local allowances may apply if you meet this region's conditions, for example age, large-family or disability status, or buying a primary residence, and it is worth checking before you budget.
Features
- New build
- Private solarium
- Lift
- Air conditioning
- Double glazing
- Second-floor position
- Open-plan living and dining area
- Fitted kitchen
- 2 bathrooms
- Communal areas
- Terrace with living room access
Property Details
| Property Type | Penthouse |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Built Area | 137 m² |
| Floor | 2 |
| Energy Certificate | G |
| Reference | 65072823-04 |
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 in Andalucía, this purchase carries IVA (VAT) at 10% of the purchase price plus AJD stamp duty at 1.2%, set by the Autonomous Community of Andalucía. ITP does not apply. On top of tax, allow approximately EUR 600–1,200 for notary fees, EUR 400–800 for land registry, and around 1% of the purchase price plus VAT for legal representation. Reduced rates and local allowances may apply if you meet this region's conditions — for example age, large-family or disability status, or buying a primary residence — so it is worth checking before you budget.
Can non-residents get a mortgage on this property?
Non-resident buyers can typically obtain a mortgage in Spain, though lenders generally require a deposit of 30–40% of the purchase price. Variable and fixed mortgage rates in Spain currently sit in the range of 3.5–4.5%, depending on the lender and your financial profile. Speaking to a Spanish mortgage broker early in the process is advisable.
What are the ongoing running costs?
Community fees for this development have not yet been confirmed; buyers should request the projected figure from the developer before committing. Annual IBI (local property tax) has not been assessed for this property at listing date, as it is a new build. Your solicitor can provide an estimate once the catastral value is assigned.
Can I view the property remotely?
Yes. In addition to in-person viewings, we can arrange a live video viewing at a time that suits you. Please contact the OceanHome team to book either option.
Is this property suitable as a rental investment?
Cancelada (Nueva Milla De Oro) sits within the Costa del Sol tourist corridor, where demand for short-term holiday rentals is consistent across the season. A tourist rental licence must be obtained from the Junta de Andalucía before letting the property on a short-term basis. An independent local letting agent can provide realistic occupancy and income projections for comparable properties in the area.
What does the purchase process involve?
You will first need a Spanish NIE (tax identification number), which your solicitor can obtain on your behalf. Once you have agreed terms, a reservation fee takes the property off the market while due diligence is carried out. This is followed by a private purchase contract (arras), at which point a further deposit, typically 10%, is paid. Completion takes place before a Spanish notary, who registers the title. Using an independent solicitor throughout is strongly recommended.

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
- penthouse
- Bedrooms
- 2
- Bathrooms
- 2
- Build Size
- 137 m²
- Energy Rating
- G


