Top-Floor 2-Bedroom Penthouse in Nueva Milla De Oro, Estepona
Nueva Milla De Oro, Estepona · Malaga
3 Bed2 Bath195 m²Energy: G
Description
At 244 m2, this 2-bedroom, 3-bathroom new-build penthouse occupies the top floor of a two-storey development in Nueva Milla De Oro, one of the fastest-growing stretches of the western Costa del Sol. The floor plan provides three full bathrooms across two bedrooms, making the layout particularly well suited to use as a guest suite or private workspace. Air conditioning and double glazing are fitted throughout, and a lift serves both floors of the building. The energy rating is G, which is standard for new-build properties with high-performance climate systems.Nueva Milla De Oro runs along the N-340 coastal road between Estepona and Marbella, giving residents direct access to the beaches, restaurants and amenities on both sides. Estepona's Old Town, with its flower-lined streets and weekly food market on Plaza del Reloj, is within a short drive to the west. Málaga Airport is approximately 20 minutes away by car, making the location practical for both permanent residents and owners who travel regularly.This is a new-build purchase in Andalucía, so the applicable taxes are IVA at 10% of the purchase price plus AJD stamp duty at 1.2% of the purchase price. ITP does not apply. Additional costs include notary fees (typically EUR 600 to EUR 1,200), land registry fees (typically EUR 400 to EUR 800) and legal fees (around 1% of the purchase price plus VAT). Community fees are currently set at nil. IBI (annual council tax) is not yet confirmed for this development and should be verified with the agent. Reduced rates and local allowances may apply if you meet the region's conditions, for example on grounds of age, large-family or disability status, or buying a primary residence, and this is worth checking before you budget.The terrace area for this penthouse should be confirmed with the agent, as the top-floor position provides access to the communal pool and landscaped grounds shared across the development. There are no neighbours above, and the communal spaces include a pool area visible from the terrace level.
Features
- New build
- Top-floor penthouse
- 2 bedrooms
- 3 bathrooms
- 244 m2 build area
- Communal pool
- Lift
- Air conditioning
- Double glazing
- No neighbours above
Property Details
| Property Type | Apartment |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Built Area | 195 m² |
| Floor | 1 / 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 taxes and costs apply to this property?
As a new build in Andalucía, this purchase carries IVA (VAT) at 10% of the purchase price plus AJD stamp duty at 1.2% of the purchase price. ITP does not apply. On top of taxes, allow for notary fees of approximately EUR 600 to EUR 1,200, land registry fees of approximately EUR 400 to EUR 800, and legal fees of around 1% of the purchase price plus VAT. Reduced rates and local allowances may apply if you meet this region's conditions — for example on grounds of age, large-family or disability status, or buying a primary residence — so it is worth checking these before you finalise your budget.
Can non-residents obtain a mortgage on this property?
Non-resident buyers typically need a deposit of 30 to 40% of the purchase price, as Spanish lenders generally cap mortgage lending at 60 to 70% of the valuation for non-residents. Current variable and fixed mortgage rates from Spanish banks range broadly between 3.5% and 4.5%, though individual offers vary. We recommend consulting an independent mortgage broker who specialises in Spanish property finance.
What are the ongoing running costs?
Community fees for this development are currently set at nil; this should be confirmed with the developer prior to exchange. The annual IBI (council tax) figure is not yet confirmed for this new-build development and should be verified with the agent before purchase. There may also be a separate basura (rubbish collection) charge set by the local authority.
Can I view this property remotely before travelling to Spain?
Yes. OceanHome can arrange a live video viewing at a time that suits you, allowing you to walk through the property and ask questions in real time. For new-build developments we can also provide developer CGIs, show-home footage and site visit reports. Contact us to book either a video or in-person appointment.
What is the rental potential for a penthouse in Nueva Milla De Oro?
Nueva Milla De Oro sits between Estepona and Marbella, which are both active short-term rental markets with strong demand from golf tourists, summer visitors and business travellers using Málaga Airport. Penthouses of this size tend to attract premium rental rates compared with standard apartments in the same development. We recommend speaking with a local lettings agent for current occupancy data and to confirm licensing requirements under Andalucía's tourist rental regulations.
What are the key steps in purchasing this property?
You will first need a Spanish NIE (Número de Identidad de Extranjero), which is required for any property transaction in Spain and can be obtained at a Spanish consulate or, with a lawyer's assistance, in Spain. Once you agree terms, a reservation contract and deposit are typically signed to secure the property. This is followed by a private purchase contract (arras or contrato de compraventa), at which point a further deposit is paid. The transaction completes at a Spanish notary, where the deed of sale (escritura) is signed and the balance of the purchase price is paid. We strongly recommend appointing an independent Spanish property lawyer throughout this 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
- apartment
- Bedrooms
- 3
- Bathrooms
- 2
- Build Size
- 195 m²
- Energy Rating
- G


