New development · Costa del Sol · Estepona

Aire

€428,000 to €552,000

2 to 3 beds · 100 to 124 m² built · Est. completion 2028-05-31

Ref HT5375776

Updated daily · Last sync 2026-06-14T21:50:32.546585+00:00

About this property

Overview

Aire is a new development of 2 to 3-bedroom middle floor apartments for sale in Estepona, Costa del Sol, priced from €428,000 to €552,000. The project sits in Cancelada, a residential pocket of Estepona's New Golden Mile that has attracted steady Northern European buyer interest over the past decade, partly because of its position between the coast and a cluster of golf courses. All apartments face the mountains with unobstructed views, and most units also capture sight lines to the Mediterranean. The development includes ground floor apartments with private gardens, middle floor units, and penthouses, giving buyers a range of outdoor space configurations at different price points within the same community.

Built sizes run from 100 m² to 124 m² across the two and three-bedroom layouts. Every apartment comes with two bathrooms, a storage room, and a garage parking space. The communal facilities include a swimming pool, an indoor gym, and an outdoor sports area. Residents also gain access to the Cancelada Club House, which offers a spa, sauna, additional gym space, and a café. The development has been awarded a double AA energy rating, which should translate to lower running costs for heating and cooling compared to older builds in the area. Terraces vary by unit type, with ground floor properties offering private garden access and penthouses providing larger open-air spaces.

Cancelada lies roughly 15 minutes by car from Puerto Banús and a similar distance west to Estepona town centre, positioning it between two distinct buyer demographics: those drawn to the marina lifestyle and those preferring the quieter, more Spanish character of Estepona itself. The area has become a recognised address for golf buyers, with Flamingos Golf, Cancelada Club Golf, El Campanario, and Atalaya Golf all within a short drive. Northern European families also settle here for the international school access and the relative calm compared to Marbella's denser coastal strip. The Costa del Sol School of Equestrian Art, approved by the British Horse Society, operates nearby for buyers with equestrian interests. Cancelada itself is inland from the beach, so this is not a seafront development. The A7 coastal road provides the main access, and traffic can slow during summer months.

Aire is currently under construction, with completion expected in the coming months. The standard Spanish payment structure applies: a reservation deposit secures the unit, followed by stage payments tied to construction milestones, with the balance due on completion when keys are handed over. Exact amounts and payment schedules should be confirmed directly with the developer. We recommend appointing an independent Spanish property lawyer before signing any contracts. The double AA energy rating may also qualify buyers for more favourable mortgage terms with certain Spanish lenders, a detail worth exploring during the financing stage.

Features

What this home includes

  • Pool
  • Private garden
  • Parking
  • Sea view
  • Beachside

Property details

Specifications

Reference
HT5375776
Property type
Middle Floor Apartment
Bedrooms
2 to 3
Bathrooms
2
Built area
100 m² to 124 m²
Terrace
29 m² to 51 m²
Plot size
44 m²
Price range
€428,000 to €552,000
Completion
2028-05-31
Pool
Yes
Garden
Yes
Garage
Yes
Beach side
Yes
Sea view
Yes
Area
Cancelada
City
Estepona
Coast
Costa del Sol

What's Nearby

Playa de Guadalmansa
7 mindrive
Mercadona
6 mindrive
Lidl
6 mindrive
ALDI
8 mindrive
Pharmacy
12 minwalk
Mustang
11 mindrive
6 restaurants & bars
within 12 minwalk
Málaga Airport (AGP)
66 mindrive
Gibraltar Airport (GIB)
53 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.

Aire is on the sea side of the AP-7 in Cancelada, placing it between the motorway and the Mediterranean. This location puts you close to the coast while keeping the main highway nearby for easy access. Gibraltar Airport is 43.6km away, a 53 minute drive. A Lidl supermarket is just 6 minutes away by car or a 20 minute walk for daily shopping. The position here suits buyers who want coastal living without being isolated, and those who value quick motorway access for exploring the wider Costa del Sol.

18 questions answered

Aire: Frequently Asked Questions

Aire offers 2 and 3-bedroom apartments ranging from €428,000 to €552,000, with prices varying based on size and location within the development. Every apartment at Aire includes a private garage and either a private garden or access to communal gardens, plus your choice of private or communal pool facilities. The built sizes range from 100 to 124 square metres, so you're paying for quality finishes and location rather than just square footage.

Aire is positioned right on the beachfront in Cancelada, giving you direct access to the sand and sea from your apartment. Cancelada is a quieter, more residential part of the Costa del Sol compared to busier resort towns, with local restaurants, shops, and services within walking distance. You get the beach lifestyle without the noise and crowds of larger tourist areas.

Yes, Aire is specifically designed as a beach-side development with sea views available from the apartments. The exact view quality will depend on which unit you choose, as Aire has different floor levels and positions within the complex. Being a middle floor apartment in a beachfront location, you'll have excellent opportunities to enjoy sea views from your home.

Each apartment at Aire comes with either a private garden or access to communal garden areas, depending on your specific unit. You'll also have the choice between a private pool or use of the communal pool facilities within the development. Combined with the beachfront location, you have multiple outdoor living options at Aire.

Aire is expected to be completed in May 2028, so you're looking at a build period of approximately three years from now. This gives you time to arrange your finances and plan your move to the Costa del Sol. The completion date for Aire is set for 31 May 2028, though as with all new developments, this can be subject to normal construction timelines.

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 middle floor apartments in the same city.

This Middle floor apartment

€4,280 / m²

€4,280 × 100 m² = €428,000 asking · entry unit

Comparable averages

  • Apartments & penthouses in Cancelada

    5 active listings

    €4,002 / m²7% above market

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Aire

Estepona · From €428,000 · 2 to 3 beds · Completing Q2 2028

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