New-Build 2-Bedroom Penthouse in Nueva Milla De Oro, Estepona
Nueva Milla De Oro, Estepona · Malaga
2 Bed2 Bath124 m²Energy: G
Description
On the second and top floor of a new-build development in Nueva Milla De Oro, this 2-bedroom penthouse has a built area of 124 m2. The apartment includes 2 bathrooms and comes with 2 allocated parking spaces. Residents also have access to a private solarium, reached by a lift within the building.Nueva Milla De Oro is the coastal corridor running between Estepona and Marbella, bordered to the south by the N-340 and a series of established urbanisations. The area sits roughly equidistant between Estepona town centre, around 10 to 12 minutes by car, and Puerto Banús, approximately 15 minutes east. Several golf courses, including Atalaya Golf and Valle Romano, are within a short drive, and the beaches along this stretch are accessible from multiple points along the coastal road.Priced at EUR 619,000, the build size of 124 m2 gives a price per m2 of approximately EUR 4,992. As a new build in Málaga province, the applicable purchase tax is IVA at 10 percent, amounting to EUR 61,900. Notary fees typically run between EUR 600 and EUR 1,200, and land registry fees between EUR 400 and EUR 800. Legal fees are generally around 1 percent of the purchase price plus VAT. Community fees are currently listed at EUR 0. IBI has not yet been assessed for this property. The energy rating is G.
Features
- New build
- Communal pool
- Solarium
- Lift
- Parking (2 spaces)
- 2 bathrooms
- Top-floor position
- Air conditioning
- Double glazing
Property Details
| Property Type | Penthouse |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Built Area | 124 m² |
| Floor | 2 / 2 |
| Energy Certificate | G |
| Reference | 49765244-03 |
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 purchase taxes and costs apply to this property?
As a new build in Málaga province, IVA applies at 10%, which amounts to EUR 61,900 on the asking price of EUR 619,000. You should also budget for notary fees of EUR 600–1,200, land registry fees of EUR 400–800, and legal fees of approximately 1% of the purchase price plus VAT (around EUR 7,428 including VAT at 21%). Total purchase costs typically add 12–14% on top of the agreed price.
Can I get a mortgage as a non-resident buyer?
Non-resident buyers can generally access mortgages from Spanish banks, though lenders typically require a deposit of 30–40% of the purchase price. On EUR 619,000 that means having EUR 185,700–247,600 available. Current variable and fixed rates from Spanish lenders range broadly between 3.5% and 4.5%. We recommend speaking with an independent mortgage broker who specialises in Spanish property finance.
What are the ongoing running costs for this penthouse?
Community fees are currently listed at EUR 0. IBI (annual property tax) has not yet been assessed for this new-build property. You should also allow for utility connections and the basura (refuse collection) charge, which is set by the local municipality. We recommend requesting a full cost breakdown from your legal representative before exchanging contracts.
Can I arrange a viewing remotely?
Yes. We offer video viewings for buyers who cannot travel to the Costa del Sol immediately. Contact our team to arrange a live walkthrough of the property and the development's communal areas at a time that suits you. In-person viewings can be scheduled around your travel plans.
Is this property suitable as a holiday rental?
Nueva Milla De Oro, sitting between Estepona and Marbella, is a well-established tourist area with consistent demand throughout the spring, summer and autumn months. New-build penthouses with private solariums and communal pools in this corridor tend to attract good short-term rental interest. A Málaga province tourist rental licence (Vivienda con Fines Turísticos) is required before letting legally. Speak to your legal adviser about the registration process.
What does the purchase process involve?
You will first need an NIE (Número de Identificación de Extranjero), which is the tax identification number required for all Spanish property transactions. Once you have agreed terms, a reservation contract is signed and a deposit, typically EUR 3,000–6,000, is paid to take the property off the market. This is followed by a private purchase contract (arras), where usually 10% of the price is paid. The balance is settled at the notary when title deeds are signed and ownership formally transfers.
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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
- 124 m²
- Energy Rating
- G
