New-Build 3-Bedroom Penthouse in Nueva Milla De Oro, Estepona
Nueva Milla De Oro, Estepona · Malaga
3 Bed2 Bath243 m²Energy: G
Description
This new-build penthouse in Nueva Milla De Oro covers 243 m2 across a 2-storey layout and comes with a private solarium, 3 bedrooms, and 2 bathrooms. Two dedicated parking spaces are included with the purchase. The building has a lift and a communal pool. The energy rating is G, which is common for new-build properties at this stage of certification in Andalusia.Nueva Milla De Oro occupies the coastal strip between Estepona town and Marbella, running alongside the N-340. The area has seen considerable residential development over the past decade, with supermarkets, restaurants, and several golf courses all reachable within a few minutes by car. Estepona town centre, with its weekly market and harbour promenade, is around 10 minutes west along the coast. Málaga Airport is approximately 20 minutes by car, which makes Nueva Milla De Oro a practical choice for buyers who travel frequently.At EUR 999,000, the price per m2 works out at approximately EUR 4,111. As a new build in Andalusia, the applicable purchase tax is IVA at 10% rather than ITP, adding EUR 99,900 to the headline price. Notary fees typically range from EUR 600 to EUR 1,200, land registry fees from EUR 400 to EUR 800, and legal fees are typically around 1% of the purchase price plus VAT. Community fees are currently listed at EUR 0 per month, though buyers should confirm the final schedule with the developer before contracts are exchanged. IBI has not yet been assessed for this property.
Features
- Communal pool
- Solarium
- Lift
- 2 parking spaces
- New build
- 3 bedrooms
- 2 bathrooms
- 243 m2 build size
- Air conditioning
- 2-storey layout
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 are the total purchase costs for this penthouse?
As a new build in Andalusia, you pay IVA at 10% instead of ITP, which amounts to EUR 99,900 on the asking price of EUR 999,000. Additional costs include notary fees (approximately EUR 600–1,200), land registry fees (approximately EUR 400–800), and legal fees of around 1% plus VAT (roughly EUR 12,000). Budget for total purchase costs of approximately EUR 113,000–115,000 on top of the purchase price.
Can non-residents get a mortgage on this property?
Non-resident buyers can typically obtain a Spanish mortgage, though lenders generally require a deposit of 30–40% of the purchase price. On EUR 999,000 that means a minimum deposit of between EUR 299,700 and EUR 399,600. Current variable and fixed rates from Spanish lenders range from approximately 3.5% to 4.5% annually. We recommend speaking to a specialist mortgage broker familiar with the Costa del Sol market.
What are the estimated running costs?
Community fees are currently listed at EUR 0 per month, though buyers should verify the final fee structure directly with the developer before contracts are signed, as this figure may change once the community is formally constituted. IBI (council tax) has not yet been assessed for this new-build property; an estimate will be available from the local town hall once the catastro reference is registered.
Can I arrange a viewing remotely?
Yes. OceanHome offers video viewings for buyers who are not able to travel to Estepona in person. A member of our team can conduct a live video walkthrough of the show unit or the finished property, depending on the stage of completion. Contact us to schedule a convenient time.
Is this property suitable as a rental investment?
Nueva Milla De Oro sits within a tourist area on the Costa del Sol, and short-term holiday rentals are permitted subject to obtaining a Junta de Andalucía tourist rental licence. The proximity to Marbella, Estepona town, and Málaga Airport supports year-round rental demand. We do not quote yield figures, but our local lettings team can provide current market rental data on request.
What steps are involved in buying this property?
You will first need a Spanish tax identification number (NIE), which your solicitor can apply for on your behalf. Once you have agreed terms, a reservation contract is signed and a holding deposit paid, typically EUR 6,000–10,000. This is followed by the arras (preliminary contract), where 10% of the purchase price is exchanged. For a new build, stage payments may apply during construction. Completion takes place before a notary, at which point the title deed (escritura) is signed and the balance paid.

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
- 243 m²
- Energy Rating
- G


