New development · Costa del Sol · Estepona

Edificio Solmar

€259,303 to €509,394

2 to 3 beds · 81 to 119 m² built · Est. completion Q2 2028

Ref HT5344114Updated daily · Last sync 26 August 2026

About this property

Overview

Edificio Solmar is a mid-rise block of two and three-bedroom apartments in Cancelada, sitting on the coastal side of the AP-7 with the beach a 14-minute walk away. The units run from 81 square metres for a two-bedroom home up to 119 square metres for a three-bedroom layout, and some have terraces reaching 124 square metres. The building is urban in character, on a residential street within a few hundred metres of shops, cafés and the local primary school. The apartments have east, south-east or west-facing orientations, so the amount of direct sun varies by unit.

The location is practical for daily life without a car. Colegio Público Cancelada is 124 metres away, Lidl is a three-minute drive, and Playa de Guadalmansa is walkable. Club de Golf El Coto de la Serena is four minutes by car, and Puerto Deportivo José Banus is 13 minutes if you keep a boat there. Gibraltar Airport is 51 minutes away, which matters if you travel regularly. Cancelada itself is a working neighbourhood rather than a resort strip, so you get local bakeries and hardware shops alongside the international supermarkets.

The block suits families who want a Spanish neighbourhood with a school nearby and the beach close enough to reach on foot, or golfers and boaters who prefer to live in a town rather than on a course or marina. The trade-off is an urban setting rather than landscaped grounds. There is no pool, no gym and no communal gardens, just the apartment and the town around it. If you want resort facilities or views over open country, this is the wrong building. If you want to live in Cancelada as it actually is, with the beach and the shops both within reach, it does that plainly.

Features

What this home includes

  • Beachside
  • South facing

Property details

Specifications

Reference
HT5344114
Property type
Apartment
Developer
CHORRO DEL
Bedrooms
2 to 3
Bathrooms
1 to 2
Built area
81 m² to 119 m²
Terrace
124 m²
Price range
€259,303 to €509,394
Est. completion
Q2 2028
Beach side
Yes
South facing
Yes
Area
Cancelada
City
Estepona
Coast
Costa del Sol

What's Nearby

Playa de Guadalmansa
14 minwalk
Club de Golf El Coto de la Serena
4 mindrive
Puerto Deportivo José Banus
13 mindrive
The International School of Estepona
9 mindrive
Lidl
13 minwalk
ALDI
6 mindrive
Carrefour
10 mindrive
Dia
10 mindrive
Hospital Hospiten de Estepona
5 mindrive
Pharmacy
4 minwalk
Mustang
9 mindrive
San Pedro Alcántara
11 mindrive
8 restaurants & bars
within 12 minwalk
Málaga Airport (AGP)
64 mindrive
Gibraltar Airport (GIB)
51 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.

Edificio Solmar sits on the sea side of the AP-7 in Cancelada, with Playa de Guadalmansa just a 14 minute walk away. Gibraltar Airport is 51 minutes by car, making it accessible for regular travellers. You can reach Club de Golf El Coto de la Serena in 4 minutes, while Puerto Deportivo José Banus is 13 minutes away if you're into boating. Colegio Público Cancelada is practically on your doorstep at 124 metres, and Lidl supermarket is a quick 3 minute drive. This location works well for families who want beach access and good schools, along with golfers and boat owners.

18 questions answered

Edificio Solmar: Frequently Asked Questions

Playa de Guadalmansa is 1.1 kilometres away, which is a 14-minute walk or about six minutes by car. The beach is across the AP-7 on foot, so you will cross either at the underpass or the pedestrian bridge depending on which route you take from the building.

Two-bedroom homes start at 81 square metres built, and three-bedroom layouts go up to 119 square metres. Some units have terraces of 124 square metres, which is larger than the indoor space in the smallest apartments, so the terrace is the main selling point on those homes.

Colegio Público Cancelada is 124 metres from the building, so primary-age children can walk to school. The International School of Estepona is 2.4 kilometres away, about nine minutes by car, and covers nursery through to secondary.

The orientations are east, south-east or west, so no apartment faces directly south. South-east units get morning and early afternoon sun, west-facing homes get evening light, and east-facing apartments are bright in the morning but lose direct sun after midday.

Yes, for routine shopping and the beach. Shops and cafés are within a few hundred metres, the local primary school is next door, and the beach is a 14-minute walk. For golf, the marina or trips to Marbella you will need a car, but daily life works on foot.

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 apartments in the same city.

This Apartment

€3,201 / m²

€3,201 × 81 m² = €259,303 asking · entry unit

Comparable averages

  • Apartments & penthouses in Cancelada

    3 active listings

    €4,523 / m²29% below market

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