Two-Storey 3-Bedroom Penthouse in Nueva Milla De Oro, Estepona
Nueva Milla De Oro, Estepona · Malaga
3 Bed2 Bath243 m²Energy: G
Description
Covering 243 m2 across two floors, this new-build penthouse in Nueva Milla De Oro is one of the larger units in a low-rise development of just 2 storeys. The layout includes 3 bedrooms, 2 bathrooms, an open-plan living and dining area, and a private upper-level solarium. Two allocated underground parking spaces are included. Air conditioning is fitted throughout.Nueva Milla De Oro sits between Estepona town and Puerto Banús, along the A-7 coastal corridor. The area has seen significant new construction over the past decade and now has a range of restaurants, supermarkets and amenities within a short drive. Málaga Airport (AGP) is approximately 20 minutes away by car. Beach access and local supermarket distances should be confirmed with the agent, as distances vary by exact plot within the zone.Community fees are currently set at nil, though buyers should confirm this figure once the development's owners' community is formally constituted. IBI has not yet been assessed for this new-build property. The energy rating is G. The development is served by a lift, and communal gardens and pool are included within the complex.
Features
- New build
- Two-storey layout
- 3 bedrooms
- 2 bathrooms
- 243 m2 build size
- Private solarium
- Air conditioning
- Communal pool
- Communal gardens
- Lift
- 2 underground parking spaces
Property Details
| Property Type | Penthouse |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Built Area | 243 m² |
| Floor | 0 / 2 |
| Energy Certificate | G |
| Reference | 49765244-05 |
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 costs should I budget for beyond the asking price?
As a new build in Andalucía, this purchase carries IVA (VAT) at 10% of the purchase price plus AJD stamp duty at 1.2%, set by the Autonomous Community of Andalucía. ITP does not apply to new-build purchases. Additional costs include notary fees (typically EUR 600–1,200), land registry fees (typically 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 — and it is worth checking before you finalise your budget.
Can I get a mortgage on this property as a non-resident?
Non-resident buyers in Spain typically need a deposit of 30–40% of the purchase price, as Spanish banks generally lend up to 60–70% to non-residents. Current variable and fixed mortgage rates are broadly in the 3.5–4.5% range, though your personal rate will depend on your financial profile and chosen lender. We recommend obtaining a mortgage agreement in principle before reserving.
What are the ongoing running costs?
Community fees are currently listed as nil; buyers should verify this once the development's community of owners is formally established following completion. IBI (council tax) has not yet been assessed for this new-build property. Basura (refuse collection) charges have also not been confirmed. You should request final figures from the developer or their legal representative before exchange.
Can I view the property remotely before visiting in person?
Yes. We offer video viewings by appointment, giving you a guided walkthrough of the unit, communal areas and parking. This is particularly useful for buyers at the research stage or those travelling from outside Spain. In-person viewings can be arranged once you are ready to visit the Costa del Sol.
Is this property suitable for holiday rental?
Nueva Milla De Oro is a tourist-active zone along the western Costa del Sol, and properties in this area are commonly used for short-term rentals. To let legally, you will need to register for a tourist licence (licencia de alquiler vacacional) with the Junta de Andalucía. Your solicitor can advise on the registration process and any community rules that may apply to the development.
What steps are involved in buying this property?
First, you will need a Spanish tax identification number (NIE), which your solicitor can help obtain. Once you have agreed to proceed, 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 or contrato de compraventa), at which point a further deposit is typically paid. The balance is settled at the notary on completion, when the title deed (escritura) is signed and ownership is formally transferred. Engaging an independent Spanish solicitor before you reserve is strongly recommended.
Maya Kallio💚
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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
- 3
- Bathrooms
- 2
- Build Size
- 243 m²
- Energy Rating
- G
