New development · Costa del Sol · Estepona

Adagio

€492,000 to €608,000

2 to 3 beds · 93 to 132 m² built · Est. completion 2028-04-01

Ref HT5047897

Updated daily · Last sync 2026-06-14T21:50:30.552332+00:00

About this property

Overview

Adagio is a new development of 2 to 3-bedroom ground floor apartments for sale in Estepona, Costa del Sol, priced from €492,000 to €608,000. The 80-unit project sits in Cancelada on Estepona's New Golden Mile, an area that has attracted sustained hotel investment from operators including Kempinski and Villa Padierna. Ground floor units here come with private gardens, which positions the development between traditional apartment living and detached villa ownership at a price point roughly 30% below equivalent villas in the same postcode. The scale is large enough to support dedicated amenities but small enough that the communal pool and gym won't feel institutional during low season.

Built sizes range from 93 to 132 m² across the two and three-bedroom layouts. All units include two bathrooms and a storage room. Garage parking is provided, though the data does not confirm whether this is one space per unit or allocated differently across the bedroom counts. Ground floor apartments have direct access to private garden areas, which vary in size depending on the unit's position within the development. Communal facilities include a swimming pool, an indoor gym with equipment, an outdoor sports area, and a zen zone. Residents also gain access to an exclusive Club House in Cancelada, a shared facility serving multiple developments in the immediate area rather than a private amenity for Adagio alone.

Cancelada has become a secondary hub along the coast between Marbella and Estepona, approximately 12 minutes by car from Puerto Banús marina and 15 minutes from Estepona's old town. The area attracts northern European buyers, particularly Scandinavians and Germans, who prioritise golf access and year-round usability over beachfront position. Four golf courses lie within a 10-minute drive: Flamingos, Cancelada Club, El Campanario, and Atalaya. The Escuela de Arte Ecuestre Costa del Sol, a British Horse Society-approved equestrian centre, is also nearby. Cancelada itself is inland, set back roughly 2 kilometres from the coast, which keeps prices below equivalent beachside developments but means sea views are available only from upper floors or elevated plots, not from ground floor units. The New Golden Mile designation refers to the stretch of A7 coast road here, not to any formal planning zone.

This is a new build project currently in the sales phase, with completion dates to be confirmed by the developer. Spanish new build purchases typically require a reservation deposit to secure a unit, followed by stage payments tied to construction milestones, with the balance due on completion when keys are handed over. All payment schedules and amounts must be confirmed directly with the developer, as they vary by unit and by when you reserve. Independent legal representation is essential, particularly to review the purchase contract and verify that bank guarantees are in place to protect stage payments. Cancelada has good year-round rental demand due to the golf courses and the proximity to international schools inland, which supports both holiday lets and longer-term tenancies.

Features

What this home includes

  • Pool
  • Private garden
  • Parking
  • Beachside
  • South facing

Property details

Specifications

Reference
HT5047897
Property type
Ground Floor Apartment
Bedrooms
2 to 3
Bathrooms
2
Built area
93 m² to 132 m²
Terrace
10 m² to 71 m²
Plot size
18 m²
Price range
€492,000 to €608,000
Completion
2028-04-01
Pool
Yes
Garden
Yes
Garage
Yes
Beach side
Yes
South facing
Yes
Area
Cancelada
City
Estepona
Coast
Costa del Sol

What's Nearby

Playa de Guadalmansa
6 mindrive
Mercadona
5 mindrive
Lidl
18 minwalk
ALDI
7 mindrive
Carrefour
11 mindrive
Pharmacy
10 minwalk
Mustang
10 mindrive
6 restaurants & bars
within 12 minwalk
Málaga Airport (AGP)
65 mindrive
Gibraltar Airport (GIB)
52 mindrive
Beachside, south of the coastal road (A-7), close to the Mediterranean.

Location

Cancelada, Estepona

Location shown is the development site. This development is in CanceladaEsteponaCosta del Sol.

Adagio sits on the sea side of the AP-7, putting you between the motorway and the Mediterranean in Cancelada. Gibraltar Airport is 52 minutes away by car, making it practical for regular trips. You can walk to Lidl supermarket in 18 minutes for daily shopping, or drive there in 5 minutes. The location works well for buyers who want coastal access without the intensity of central Marbella, and for anyone needing regular airport connections to Gibraltar.

18 questions answered

Adagio: Frequently Asked Questions

Adagio offers ground floor apartments ranging from €492,000 to €608,000, with 2 or 3 bedroom layouts between 93 and 132 m². Every unit comes with a private garage and either a private garden or access to communal pool facilities, so you get outdoor space regardless of which apartment you choose in Adagio.

Adagio is situated in Cancelada on the Costa del Sol, right by the beach, which means you're steps away from the Mediterranean and the local beach amenities. The south-facing orientation ensures maximum sunlight throughout the day, and you're within easy reach of Cancelada's restaurants, shops, and services.

Yes, Adagio's beach-side location means the apartments have direct access to the coast and sea views, especially given the south-facing orientation of the units. The ground floor positioning combined with the proximity to the water makes this a genuine beachfront living experience.

Depending on which unit you select at Adagio, you'll either have a private garden attached to your ground floor apartment or access to communal pool facilities. Every apartment also includes a private garage, so you have secure parking right at your home.

Adagio is expected to be completed in April 2028, giving you just over three years from now. This timeline allows for quality construction while you have time to arrange your finances and plan your move to this beachside development.

Buying off-plan in Cancelada means reserving a property before or during construction. You pay a reservation deposit (typically €6,000 to €12,000), then sign a private purchase contract within 30 days and pay a further 10 to 20% of the purchase price. Staged payments follow the construction milestones. The final 60 to 70% is paid at notary completion when the keys are handed over.

Under Spanish law (Law 57/1968 and its 2015 successor), all off-plan deposits must be covered by a bank guarantee or insurance policy. Your lawyer must verify this before you pay any money. If the developer fails to deliver, you can claim 100% of your deposit plus 6% annual interest. Never transfer funds without a confirmed guarantee in your name.

Spanish law mandates three tiers: a 10-year structural guarantee (Seguro Decenal) for serious structural defects, a 3-year guarantee for habitability issues (waterproofing, insulation, installations), and a 1-year guarantee on finishes and fixtures. These run from the date the licence of first occupation (licencia de primera ocupación) is issued.

New-build purchases are subject to 10% IVA (VAT) on the purchase price, plus 1.2% AJD (stamp duty) in Andalucía. Parking spaces or storage sold separately may attract 21% IVA. Add notary, land registry and legal fees (1 to 2%), budget 12 to 15% on top of the purchase price in total acquisition costs.

Most developers allow personalisation during the early construction phase, choices of floor tiles, kitchen units, bathroom fixtures, paint colours and sometimes layout tweaks. The window for changes is typically 3 to 6 months after signing the contract. Structural changes are rarely possible once work has started. Your sales representative will provide a customisation deadline and specification sheet.

Typical build time in coastal Spain is 18 to 30 months from licence grant to completion. Delays of 3 to 6 months are common due to weather, supply-chain or permit issues. Your contract should specify a longstop completion date and the compensation you are owed for any overrun. Always check whether the building licence has already been granted before reserving.

Key due-diligence points: (1) confirm the building licence is granted, not just applied for; (2) verify all deposits are bank-guaranteed in your name; (3) check the developer's track record and financial standing; (4) review the specification sheet and what is included in the price; (5) confirm the estimated completion date and longstop clause; (6) have an independent Spanish lawyer review the contract before you sign anything.

Yes, both are required before the final notary signing. You can reserve with a passport, but your Spanish NIE (foreigner tax number) is needed for the private purchase contract and your Spanish bank account for the staged transfers. Your lawyer can obtain your NIE with a power of attorney in 2 to 4 weeks. Open the bank account on your first trip to Spain or remotely via certain Spanish banks.

Yes. Spanish banks lend to non-residents at typical LTVs of 60 to 70% of the lower of purchase price or valuation (vs 80% for residents). Rates are competitive with the rest of the eurozone. You will need 6 months of bank statements, tax returns and proof of income, pre-approval takes 2 to 4 weeks.

Recommended for serious buyers. A mortgage in principle confirms your budget, signals credibility to sellers and shortens completion. We can introduce you to specialist non-resident mortgage brokers familiar with the local market.

Resale property in Andalucía: ITP (transfer tax) at 7%. New-build: 10% IVA + 1.2% AJD (stamp duty). Plus notary, land registry and legal fees of roughly 1 to 2%. Budget 10 to 13% on top of the asking price for total acquisition costs.

Annual IBI (council tax) is typically 0.4 to 1.1% of cadastral value. Community fees on apartments and gated villas range €100 to €600/month depending on amenities. Non-resident owners pay an annual income tax based on cadastral value, plus utilities and home insurance.

In Spain the seller pays the agent commission (typically 3 to 6% + VAT), already baked into the asking price. Buyers do not pay agent fees on resale or new-build.

Market context

How it sits in the market

Live €/m² comparisons from current inventory of similar ground floor apartments in the same city.

This Ground floor apartment

€5,290 / m²

€5,290 × 93 m² = €492,000 asking · entry unit

Comparable averages

  • Apartments & penthouses in Cancelada

    5 active listings

    €3,800 / m²39% above market

Similar projects

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Adagio

Estepona · From €492,000 · 2 to 3 beds · Completing Q2 2028

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