First-Floor New-Build 2-Bedroom Apartment, Nueva Milla De Oro
Nueva Milla De Oro, Estepona · Malaga
2 Bed2 Bath155 m²Energy: G
Description
A new-build apartment of 155 m2 on the first floor of a 2-storey building in Nueva Milla De Oro, Estepona, priced at EUR 674,685. The property has 2 bedrooms and 2 bathrooms, giving a price per square metre of approximately EUR 4,353. The building includes a communal pool and lift access. The energy rating is G.Nueva Milla De Oro sits between Estepona town and Marbella along the N-340 coastal corridor. The neighbourhood has seen considerable residential development over the past decade and sits within easy reach of the golf courses at Finca Cortesín and Casares Costa. Málaga Airport is approximately 20 minutes away by car. Nueva Milla De Oro has its own commercial strips along the N-340 with supermarkets and restaurants within a short drive of the development.Community fees are currently listed at EUR 0 and buyers should confirm this figure with the developer before exchange. IBI has not yet been assessed for this new-build property and will be set by the local authority once registration is complete. As a new-build in Andalusia, the applicable purchase tax is IVA at 10% rather than ITP. Nueva Milla De Oro attracts interest from buyers seeking holiday-let properties, given its position on the Costa del Sol and proximity to multiple golf courses. Rental licensing requirements in Málaga province should be verified before purchase.
Features
- Communal pool
- Lift
- New build
- 2 bedrooms
- 2 bathrooms
- First floor
- 155 m2 build size
Property Details
| Property Type | Apartment |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Built Area | 155 m² |
| Floor | 1 / 2 |
| Energy Certificate | G |
| Reference | 47382940-04 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
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Location
Nueva Milla De Oro, Estepona · 36.4369, -5.1110
About Nueva Milla De Oro, Estepona
Estepona is one of the most popular destinations on Spain's Costa Blanca.
Frequently Asked Questions
What purchase taxes and costs apply to this property?
As a new-build in Andalusia, IVA applies at 10%, which is EUR 67,469 on the asking price of EUR 674,685. Additional costs include notary fees (typically EUR 600–1,200), land registry fees (EUR 400–800), and legal fees of around 1% plus VAT (approximately EUR 6,747 plus VAT). Total purchase costs are typically 12–14% on top of the asking price.
Can I get a mortgage as a non-resident buyer?
Yes. Spanish banks generally lend up to 60–70% of the purchase price to non-residents, meaning you would need a deposit of 30–40%, which is EUR 202,406–269,874 on this EUR 674,685 property. Current variable and fixed rates are broadly in the range of 3.5–4.5%. A mortgage broker with experience in Spanish property can help you compare lenders.
What are the ongoing running costs?
Community fees are currently listed at EUR 0; buyers should confirm this figure directly with the developer before exchanging contracts. IBI (annual property tax) has not yet been assessed for this new-build and will be set by the local authority once the property is registered. Basura (waste collection) charges are also to be confirmed.
Can I view this property remotely?
Yes. We offer video viewings via WhatsApp or video call for buyers who cannot travel immediately. We can also arrange an in-person viewing at the development in Nueva Milla De Oro. Contact our team to schedule either option.
What is the rental potential in this area?
Nueva Milla De Oro is within the Costa del Sol tourist zone, which generates demand for short-term holiday lets. Proximity to golf courses and the coast makes 2-bedroom apartments a practical size for holiday rental. We do not quote yield figures as these depend on occupancy, management costs, and licensing. You will need a tourist rental licence from the Junta de Andalucía before letting the property.
How does the purchase process work in Spain?
You will first need an NIE (Número de Identificación de Extranjero), obtainable from a Spanish consulate or in Spain. A reservation contract and holding deposit (typically EUR 3,000–10,000) then removes the property from the market. This is followed by a private purchase contract where 10% of the price is usually paid. For new-builds, stage payments during construction are common. Completion takes place before a notary, at which point the balance is paid and keys are handed over. Independent legal advice from a Spanish solicitor 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
- apartment
- Bedrooms
- 2
- Bathrooms
- 2
- Build Size
- 155 m²
- Energy Rating
- G
