Top-Floor New-Build 2-Bedroom Penthouse, Nueva Milla De Oro
Nueva Milla De Oro, Estepona · Malaga
2 Bed3 Bath244 m²Energy: G
Description
Built across 244 m2 on the second and final floor of a new development, this 2-bedroom, 3-bathroom penthouse in Nueva Milla De Oro is priced at EUR 978,200, giving a price per m2 of approximately EUR 4,009. The property sits on the top floor of a 2-storey building and is served by a lift. Three full bathrooms across a 2-bedroom layout offers considerable flexibility for residents and guests.Nueva Milla De Oro occupies the coastal strip between Estepona and Marbella, running broadly along the A-7 road corridor. The area sits close to Cancelada village, which has local shops and a weekly market on Saturdays. Several golf courses, including El Paraíso and Atalaya Golf, are within a short drive along this stretch of the Costa del Sol. Málaga AGP airport is approximately 20 minutes away by car, making Nueva Milla De Oro a practical base for frequent travellers.As a new-build property in Málaga province, the purchase is subject to IVA at 10% rather than transfer tax, adding approximately EUR 97,820 to the purchase price. Notary and registry fees typically add a further EUR 1,000 to EUR 2,000. The energy rating is G. Community fees are currently recorded as nil, though buyers should confirm this with the developer prior to exchange. IBI and basura figures are not yet available for this new development and should be requested from the agent.
Features
- Communal pool
- Lift
- New build
- Top-floor penthouse
- 2 bedrooms
- 3 bathrooms
- 244 m2 build area
- 2-storey building
- Air conditioning
- Double glazing
Property Details
| Property Type | Penthouse |
| Bedrooms | 2 |
| Bathrooms | 3 |
| Built Area | 244 m² |
| Floor | 2 / 2 |
| Energy Certificate | G |
| Reference | 47382940-07 |
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 costs should I budget for beyond the asking price?
As a new-build in Málaga province, this property is subject to IVA at 10% (approximately EUR 97,820) rather than transfer tax. You should also allow EUR 600–1,200 for notary fees, EUR 400–800 for land registry registration, and around 1% plus VAT for legal representation. Total additional costs are typically 12–13% of the purchase price.
Can I get a mortgage on this property as a non-resident?
Non-resident buyers can generally obtain a Spanish mortgage on a property priced at EUR 978,200, though lenders typically require a deposit of 30–40% of the purchase price. Current variable and fixed mortgage rates from Spanish banks range from approximately 3.5% to 4.5%. We can introduce you to independent mortgage brokers who specialise in non-resident financing.
What are the ongoing running costs for this penthouse?
Community fees are currently recorded as nil, but buyers should verify this figure directly with the developer before signing. IBI (annual council tax) and basura (waste collection) figures are not yet available for this new-build and should be requested from the agent before proceeding.
Can I arrange a viewing remotely before travelling to Spain?
Yes. We offer video viewings for buyers who are unable to travel immediately. A video call walkthrough can be arranged at a time convenient to you, and we can follow up with a full in-person visit once you are ready to travel to the Costa del Sol.
Does this property have rental potential?
Nueva Milla De Oro is a recognised tourist area on the Costa del Sol, positioned between Estepona and Marbella. Properties in this corridor attract both short-term holiday lettings and longer-term rentals from golf and leisure visitors. Rental income will depend on finish, furnishing and the licence obtained; we recommend speaking to a local lettings agent for current market figures.
What steps are involved in buying this property?
The process begins with obtaining a Spanish NIE (tax identification number), which is required for any property purchase. Once you have agreed terms, a reservation deposit is paid to take the property off the market. This is followed by a private purchase contract (arras), at which point typically 10% of the price is paid. The transaction is completed before a notary, at which point the balance, taxes and fees are paid and title is transferred to the buyer.
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
- 3
- Build Size
- 244 m²
- Energy Rating
- G
