New development · Costa del Sol · Estepona

Edificio Solmar

€259,303 to €509,394

2 to 3 beds · 81 to 119 m² built · Est. completion 2028-05-31

Ref HT5344114

Updated daily · Last sync 2026-06-14T21:50:32.292314+00:00

About this property

Overview

Edificio Solmar is a new development of 2 to 3-bedroom ground floor apartments for sale in Estepona, Costa del Sol, priced from €259,303 to €509,394. The project sits in the centre of Cancelada, a residential neighbourhood that has grown rapidly over the past decade while retaining a village-scale street pattern. The specific differentiator here is walkability: the supplier description emphasises that daily amenities are within immediate walking distance, which is unusual for Costa del Sol new builds at this price point, many of which require a car for basic errands. This positions Edificio Solmar as a practical option for buyers who want a new build warranty and finish but prefer not to rely entirely on vehicle access for everyday life.

Built sizes range from 81 m² to 119 m², with one or two bathrooms depending on the unit. All apartments are configured as ground floor units, which typically means direct access to private terraces or small gardens, though the supplier data does not confirm outdoor space dimensions. The design prioritises natural light through open-plan layouts, and the supplier description references contemporary finishes chosen for adaptability rather than a fixed aesthetic. No communal pool or parking allocation is confirmed in the available data, so buyers should clarify these details directly with the developer before reserving. The architecture is described as simple and functional, which in practice means clean lines and neutral palettes rather than statement facades or period references.

Cancelada lies approximately 12 minutes by car west of Puerto Banús marina, positioned between the AP-7 toll motorway and the coast. The neighbourhood attracts a mix of Spanish families relocating from inland Andalucía and Northern European buyers seeking year-round residence rather than holiday-only use. Local infrastructure has expanded significantly since 2015, with several international schools, a Mercadona supermarket, and a growing selection of independent restaurants now within a 10-minute walk of most streets. The area is not beachfront: the Mediterranean is roughly 1.8 kilometres south, accessible by a flat cycle route or a short drive. Cancelada's appeal rests on its residential density and services rather than coastal views or immediate beach access, which explains the pricing relative to frontline developments further east.

Edificio Solmar is currently under construction, with an estimated completion date that should be confirmed with the developer. The standard Spanish new build 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. All amounts and payment schedules must be verified in the purchase contract. Buyers are strongly advised to instruct an independent Spanish property lawyer before signing any preliminary agreement. Ground floor apartments in Cancelada typically appeal to buyers who prioritise step-free access and private outdoor space over elevation or long-range views, which may influence resale demand in this specific segment.

Features

What this home includes

  • Beachside
  • South facing

Property details

Specifications

Reference
HT5344114
Property type
Ground Floor 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
Completion
2028-05-31
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

Edificio Solmar offers ground floor apartments ranging from €259,303 for a 2-bedroom unit up to €509,394 for a 3-bedroom property. The exact price depends on the size and specific layout you choose, with built sizes ranging from 81 to 119 square metres.

Edificio Solmar is located in Cancelada on the Costa del Sol, positioned right at the beachside. This location gives you direct access to the beach and the coastal lifestyle that the area is known for.

Edificio Solmar offers 2-bedroom and 3-bedroom ground floor apartments. The 2-bedroom units are around 81 square metres, while the 3-bedroom apartments range up to 119 square metres, giving you flexibility based on your needs.

Edificio Solmar benefits from a south-facing orientation and a beachside position in Cancelada, meaning you get excellent natural light throughout the day and immediate access to the beach. Being ground floor units, residents enjoy easy access to the beach and outdoor areas.

Edificio Solmar is expected to be completed on 31 May 2028. This timeline gives you a clear delivery date for your investment with CHORRO DEL as the developer.

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

€3,201 / m²

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

Comparable averages

  • Apartments & penthouses in Cancelada

    5 active listings

    €4,218 / m²24% below market

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Edificio Solmar

Estepona · From €259,303 · 2 to 3 beds · Completing Q2 2028

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