Top-Floor 3-Bedroom Penthouse in Nueva Milla De Oro, Estepona
Nueva Milla De Oro, Estepona · Malaga
3 Bed2 Bath305 m²Energy: G
Description
At 305 m2, this top-floor new-build penthouse in Nueva Milla De Oro is among the largest in its development, spanning 3 bedrooms and 2 bathrooms across the second and final floor of a 2-storey block. The layout includes an open-plan living and dining area with floor-to-ceiling glazing, a fully fitted kitchen with an island, and a private terrace accessible from the main living space. Above the main level, a dedicated solarium provides an additional outdoor area with open sky views. The unit is served by a lift and includes air conditioning throughout.Nueva Milla De Oro sits along the coastal corridor between Estepona town centre and Marbella, stretching broadly around the N-340 and AP-7. The area is well supplied with golf courses, beach clubs and retail, with Málaga Airport approximately 20 minutes away by car. Estepona's Playa del Cristo and the marina are accessible along the coast road, and the town's weekly market on Thursday mornings operates in the old quarter near Calle Real.Community fees are listed at zero, and the annual IBI charge has not yet been confirmed by the developer — buyers should request this figure before exchange. The energy rating is G. As this is a new-build property in Nueva Milla De Oro, it is positioned within a tourist-active coastal corridor and may be suitable for short-term holiday letting, subject to obtaining the appropriate rental licence from the Junta de Andalucía.The solarium occupies the upper level of the penthouse and includes space for outdoor seating and a pergola structure. The main terrace off the living room overlooks the communal gardens and pool. The development's communal pool area includes lounge seating and is landscaped on all sides.
Features
- New build
- Top floor
- 3 bedrooms
- 2 bathrooms
- Solarium
- Communal pool
- Lift
- Air conditioning
- Open-plan living and dining area
- Fitted kitchen with island
- Floor-to-ceiling glazing
- Private terrace
- Energy rating G
Property Details
| Property Type | Penthouse |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Built Area | 305 m² |
| Floor | 2 / 2 |
| Energy Certificate | G |
| Reference | 47382940-06 |
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 penthouse?
As a new build in Andalucía, this purchase carries IVA (VAT) at 10% of the purchase price plus AJD stamp duty at 1.2%. ITP does not apply. In addition, budget for notary fees of approximately EUR 600–1,200, land registry fees of approximately EUR 400–800, 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 age, large-family or disability status, or buying a primary residence) — worth checking before you budget.
Can non-residents get a mortgage on this property?
Spanish lenders typically offer non-residents financing of up to 60–70% of the purchase price, meaning a deposit of 30–40% is usually required. Current variable and fixed mortgage rates from Spanish banks generally range from approximately 3.5% to 4.5%, though exact terms depend on your financial profile and the lender.
What are the ongoing running costs?
Community fees are currently listed at zero for this development. The annual IBI (local property tax) has not yet been confirmed — buyers should request this figure from the developer or agent before completing. Basura (refuse collection) charges have also not been provided and should be confirmed separately.
Can I arrange a viewing, and are remote viewings available?
Yes. In-person viewings can be arranged through the OceanHome team. If you are unable to visit in person, we can also organise a live video viewing so you can walk through the property remotely and ask questions in real time. Contact us to book either option.
What is the rental potential for this penthouse?
Nueva Milla De Oro sits within an established coastal tourism corridor with consistent holiday demand throughout much of the year. A top-floor penthouse of this size, with a private solarium and communal pool access, can appeal to the short-term holiday rental market. To let legally in Andalucía, you must register the property with the Junta de Andalucía and obtain a Vivienda con Fines Turísticos licence. We recommend speaking to a local rental management agency for realistic occupancy and income projections.
What does the purchase process involve?
You will first need a Spanish tax identification number (NIE), which can be obtained through a Spanish consulate in your home country or in person at a police station in Spain. Once you have agreed terms, a reservation contract is signed and a holding deposit paid to take the property off the market. This is followed by a private purchase contract (arras), typically with a further payment of around 10% of the purchase price. The balance is paid at completion before a notary, who registers the deed with the land registry. Independent legal representation is strongly advised throughout.
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
- 3
- Bathrooms
- 2
- Build Size
- 305 m²
- Energy Rating
- G
