Exclusive Apartment · Estepona Town, Estepona
Price: €585,000
This 6-bed Estepona Centro Penthouse in Estepona features 224 m2 of living space, 3 baths, lift access, air conditioning, and a walk to the beach.
Price: €585,000
This 224-square-meter penthouse in Estepona offers an expansive single-level layout comprising six bedrooms and three bathrooms, served by a lift. Offered at €585,000, the residence presents an exceptional opportunity in a lively, year-round working Spanish town. Its generous footprint includes multiple private terraces, air conditioning, and convenient access to local conveniences.
Situated in central Estepona, the property is just a short walk from the historic Old Town. The penthouse directly overlooks the Estepona Orchidarium while framing scenic mountain views behind. In addition, residents are within easy walking distance of the Mediterranean seafront, the promenade, shops, restaurants, and schools.
The interior accommodation features an entrance hall, living room, kitchen, dedicated laundry room, dressing room, and four private terraces. While the residence requires a full renovation, an official inspection report confirmed no structural defects. This sound foundation allows buyers to tailor the expansive layout to their exact specifications.
An architectural proposal is already in place to divide this penthouse into two independent residences, each offering three bedrooms and two bathrooms. The property commands strong potential for long-term rental income, driven by consistent year-round demand in the town center.
The Estepona Centro Penthouse is a 224 square meter residence featuring an expansive single level floor plan with six bedrooms and three bathrooms. Accessed via a lift, this property is on the market for €585,000. It provides a rare opportunity to acquire a substantial footprint in a fully functional, year round Spanish municipality. The layout incorporates air conditioning, multiple private terraces, and immediate proximity to daily urban amenities.
Located in the center of Estepona, the penthouse is positioned just a brief walk from the historic Old Town district. The residence looks directly over the Estepona Orchidarium, with the Sierra Bermeja mountains visible in the background. Furthermore, the Mediterranean seafront, the coastal promenade, local schools, and a wide variety of restaurants are all within a short walking distance.
Inside, the property comprises an entrance hall, a main living room, a kitchen, a separate laundry room, a dressing room, and four distinct private terraces. Although the apartment requires comprehensive renovation, an official inspection has verified that there are no structural defects. This solid foundation gives future owners the flexibility to redesign the large interior space to meet their specific requirements.
An existing architectural proposal outlines a plan to split the penthouse into two separate dwellings, each designed with three bedrooms and two bathrooms. This central property holds significant potential for generating long term rental income, supported by the continuous demand for housing in the middle of town throughout the year.
Purchasing a resale property in Andalucia requires specific financial planning. For this Estepona Centro Penthouse, the asking price is €585,000. Because this is a resale transaction, the purchase is subject to the Andalucian property transfer tax, known as ITP, which is levied at 7 percent. On a purchase price of €585,000, the ITP amounts to exactly €40,950. Buyers should note there is no IVA and no AJD applicable to this resale. Additional transaction costs include legal fees, which typically run about 1 percent of the purchase price plus VAT, equating to roughly €5,850. Furthermore, notary and land registry fees combined usually represent between 0.5 percent and 1 percent of the price, adding about €4,388 to the final closing costs. At present, there is no community fee recorded for this property.
Estepona operates under the jurisdiction of the Estepona Ayuntamiento. Over the past decade, the municipality has transformed its urban core, pedestrianizing over 130 streets and expanding its infrastructure to support a growing population of permanent residents. The real estate market in central Estepona trades robustly, driven by buyers who prioritize walkability and immediate access to civic amenities over gated suburban environments. Buyers here are typically Northern European expatriates relocating permanently, alongside Spanish nationals seeking primary residences. The ability to walk to the pharmacy, the bakery, and the municipal market without relying on a vehicle underpins property values in this specific postcode. Central penthouses requiring renovation are particularly sought after by investors who understand the premium attached to single level living in the urban center.
The property sits directly adjacent to the Parque Botanico Orquidario. This botanical garden features three glass domes and houses over 5000 species of plants. Living next to the Orchidarium places residents at a major focal point of modern Estepona. The immediate streets, including Calle Terraza and Avenida Andalucia, provide a dense concentration of retail outlets, banking facilities, and independent cafes. This is a working neighborhood that does not shut down during the winter months. The local municipal market, Mercado de Abastos, operates daily and supplies fresh regional produce, Atlantic fish, and local meats. Residents can manage their entire weekly routine on foot.
Walking distance to the beach is a primary factor in the valuation of this penthouse. Playa de la Rada is the main urban beach of Estepona, stretching for over two kilometers along the Mediterranean seafront. From the penthouse, residents can walk to the sand in under ten minutes. The beach is flanked by the Paseo Maritimo, a wide, paved promenade heavily utilized by cyclists, runners, and pedestrians. For a different coastal experience, Playa del Cristo is a sheltered cove located just past the Estepona Marina. This blue flag beach features shallow waters and two established beach clubs, Havana Beach Club and Lolailo. Driving to Playa del Cristo from the property takes approximately eight minutes, or it can be reached via a twenty five minute walk along the coastal path.
The asking price is €585,000. Because this is a resale property, you pay a 7% ITP transfer tax to the Junta de Andalucia, which equals €40,950. There is no IVA and no AJD applied to resales. You should also budget €5,850 for legal fees and approximately €4,388 for notary and land registry costs.
The process begins with a reservation agreement and a deposit of €6,000 to remove the property from the market. Your lawyer then conducts due diligence at the Ayuntamiento de Estepona and the local land registry. Within two to three weeks, you sign the private purchase contract and pay 10% of the purchase price, minus the initial deposit. Final completion takes place before a public notary in Estepona, typically four to six weeks later.
There is currently no community fee recorded for the Estepona Centro Penthouse. In buildings without a formal community of owners, residents typically share the cost of basic maintenance directly. You will still benefit from the existing lift and air conditioning systems. Your lawyer will verify the exact maintenance arrangements and any shared building liabilities during the due diligence phase.
As the owner, you must pay the annual IBI property tax and the municipal rubbish collection fee, known as Basura, directly to the Ayuntamiento de Estepona. While the exact IBI depends on the cadastral value, similar central penthouses typically pay between €600 and €900 annually. The Basura fee is generally around €150 per year. You will also need to contract private utilities for electricity and water, which are metered based on your personal consumption.
Yes, but you must obtain a First Occupation License and register the property with the Andalusian Tourism Registry. The Ayuntamiento de Estepona strictly regulates holiday rentals, so compliance with safety and cooling standards is mandatory. Because this property already has air conditioning, it meets a key requirement for the tourist license. Properties in central Estepona yield strong returns during the peak summer months of July and August.
The sale price of €585,000 includes the physical property, the installed air conditioning system, and access to the building lift. Resale properties are typically sold as seen, meaning built in fixtures remain, but loose furniture is normally removed unless negotiated separately. An inventory list will be attached to the private purchase contract to prevent any disputes. Your lawyer will ensure all included appliances are documented before completion.
The International School of Estepona is located in El Paraiso, which is a drive of 15 minutes via the A7 highway. Another excellent option is Colegio San Jose, a bilingual Spanish school situated just five minutes away by car. For older students, Queens British Grammar School is available in nearby Cancelada. These options provide recognized curriculums for expatriate families living in the municipality.
Malaga Costa del Sol Airport is the primary aviation hub, located 80 kilometers away. Driving there takes approximately 55 minutes using the AP7 toll road. Alternatively, Gibraltar International Airport is situated 45 kilometers to the west. The drive to Gibraltar takes about 45 minutes via the A7 highway, offering convenient routes to the United Kingdom.
Estepona Golf is the nearest 18 hole course, located just a drive of 10 minutes west of the town center. Valle Romano Golf and Resort is another excellent championship course situated approximately 12 minutes away by car. If you prefer playing towards Marbella, El Paraiso Golf Club is a drive of 15 minutes east along the A7 highway. These courses operate year round and offer varying levels of difficulty for serious players.
This penthouse is within walking distance to Playa de la Rada, which is the main beach in central Estepona. You can reach the sand and the 2.5 kilometer paved promenade in less than five minutes on foot. Playa del Cristo, a sheltered cove with shallow waters, is a walk of 20 minutes or a drive of five minutes west near the marina. This proximity eliminates the need for a car when visiting the Mediterranean.
Estepona retains a traditional Andalusian atmosphere, characterized by pedestrianized streets filled with colorful flower pots. The historic center around Plaza de las Flores offers numerous tapas bars, local bakeries, and boutique shops. The Ayuntamiento de Estepona has invested heavily in urban gardens and public murals to elevate the urban environment. Residents enjoy a quiet, authentic Spanish lifestyle while remaining close to modern medical facilities like Hospiten Estepona.
Finding street parking in the historic center can be challenging during the summer months. Residents typically rent or purchase a space in one of the municipal underground car parks, such as the one under Avenida San Lorenzo. Because the penthouse is centrally located, supermarkets, pharmacies, and the beach are all accessible on foot. A car is only strictly necessary for commuting to the airport or visiting golf courses outside the urban core.