New-Build 2-Bedroom Apartment in Nueva Milla De Oro, Estepona
Nueva Milla De Oro, Estepona · Malaga
2 Bed1 Bath104 m²Energy: G
Description
Priced at EUR 499,000, this new-build apartment on the first floor of a 2-storey building in Nueva Milla de Oro offers 104 m2 of living space across 2 bedrooms and 1 bathroom. Two private parking spaces are included, which is notably generous for an apartment at this size. The development provides a communal pool and a lift serving both floors. Málaga Airport is approximately 20 minutes by car.Nueva Milla de Oro is the coastal corridor running between Estepona and Marbella, broadly centred on the N-340 and the AP-7. The neighbourhood sits close to the Cancelada commercial area, which offers supermarkets, restaurants and everyday services. Estepona's old town, with its pedestrianised Calle Real and covered market on Plaza del Reloj, is around 10 minutes west by car. Several golf courses, including Valle Romano and Atalaya, lie within a short drive of the development.At EUR 499,000 for 104 m2, the price per m2 works out at approximately EUR 4,798. As a new build in Andalusia, the purchase is subject to IVA at 10 per cent rather than ITP, adding EUR 49,900 in tax. Additional costs include notary fees of approximately EUR 600 to 1,200, land registry fees of EUR 400 to 800, and legal fees of around 1 per cent plus VAT. Community fees are currently recorded as nil and buyers should confirm this figure with the developer before exchange. No IBI figure is available at this stage as the property has not yet received a catastral reference. The energy rating is G. Nueva Milla de Oro attracts consistent interest from short-term rental investors given its position between Estepona and Puerto Banús.
Features
- New build
- Communal pool
- Lift
- 2 parking spaces
- 2 bedrooms
- 1 bathroom
- 104 m2 build size
- First floor
- Air conditioning
- Double glazing
Property Details
| Property Type | Apartment |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Built Area | 104 m² |
| Floor | 1 / 2 |
| Energy Certificate | G |
| Reference | 49765244-02 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
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Location
Nueva Milla De Oro, Estepona · 36.4377, -5.1141
About 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, this apartment is subject to IVA at 10%, which amounts to EUR 49,900 on the asking price of EUR 499,000. You should also budget for notary fees of approximately EUR 600–1,200, land registry fees of EUR 400–800, and legal fees of around 1% of the purchase price plus VAT (roughly EUR 4,990 plus VAT). Total additional costs typically fall between EUR 56,000 and EUR 60,000.
Can non-residents get a mortgage on this property?
Yes. Spanish lenders generally offer non-residents up to 60–70% loan-to-value, meaning a deposit of 30–40% is typically required. On EUR 499,000, that represents a deposit of between EUR 149,700 and EUR 199,600. Current variable and fixed mortgage rates in Spain range from approximately 3.5% to 4.5% annually. We recommend obtaining a mortgage offer in principle before proceeding.
What are the ongoing running costs?
Community fees are currently recorded as EUR 0 per month; buyers should verify this directly with the developer, as charges may apply once the community is formally constituted. No IBI (council tax) figure is available yet, as the property has not yet been assigned a catastral reference. Once registered, annual IBI for an apartment of this value in the Estepona area typically falls in the range of EUR 400–800.
Can I view the property remotely?
Yes. We offer video viewings via WhatsApp, Zoom or FaceTime for buyers who cannot travel to the Costa del Sol in person. We can also arrange an in-person viewing at the development site or show suite. Contact us to book either option at a time that suits you.
What is the rental potential of this apartment?
Nueva Milla de Oro, positioned between Estepona and Puerto Banús, is a recognised tourist rental area with year-round demand from both short-stay and longer-term tenants. To let the property legally on a short-term basis in Andalusia, you will need to register for a tourist licence (Vivienda con Fines Turísticos) with the Junta de Andalucía. We are unable to quote guaranteed yield figures, but our local team can provide comparable rental data on request.
What does the purchase process involve?
The first practical step is obtaining a Spanish tax identification number (NIE), which is required for any property transaction. Once you have agreed terms, a reservation agreement is signed and a holding deposit paid, typically EUR 3,000–6,000, to take the property off the market. This is followed by a private purchase contract (arras), at which point around 10% of the price is paid. The remaining balance is settled on the day of completion before a notary, who registers the title deed. The full process for a new build usually takes several months from reservation to handover.

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Key Details
- Type
- apartment
- Bedrooms
- 2
- Bathrooms
- 1
- Build Size
- 104 m²
- Energy Rating
- G


