New development · Costa del Sol · Estepona

HAIKU Suites

€500,000 to €999,000

2 to 3 beds · 94 to 130 m² built · Est. completion 2028-12-31

Ref HT5150452

Updated daily · Last sync 2026-06-14T21:50:31.041585+00:00

About this property

Overview

HAIKU Suites is a new development of 2 to 3-bedroom ground floor apartments for sale in Estepona, Costa del Sol, priced from €500,000 to €999,000. The project forms part of a 51-unit residential complex in Cancelada on Estepona's New Golden Mile, combining 36 apartments with 15 townhouses under a single architectural concept. Ground floor units here offer direct access to Mediterranean gardens and communal facilities without the premium typically attached to penthouses or front-line positions, making this a relatively accessible entry point into an area where comparable new build stock often exceeds €1 million for three-bedroom configurations.

Built sizes range from 94 to 130 m² across the two and three-bedroom layouts, each with two bathrooms. All ground floor apartments include southwest-facing terraces designed to capture afternoon light and views towards the Mediterranean and Sierra Bermeja mountain range. Interiors follow an open-plan layout with floor-to-ceiling windows. Communal amenities include a swimming pool, spa, gym, and a residents' lounge, alongside landscaped gardens and walking paths within the development grounds. Each property comes with a dedicated parking space and storage room included in the purchase price.

Cancelada sits midway between Estepona town centre and Puerto Banús, approximately 7 minutes by car to either destination along the A7 coastal road. The area attracts a mix of Northern European buyers seeking year-round residence and investors targeting the rental market, particularly families drawn to the international schools clustered along this stretch of coast. The New Golden Mile designation reflects the concentration of gated communities and golf courses developed here over the past two decades, though the term can be misleading: this is not beachfront. The nearest beach access is roughly 1.2 kilometres from the development, reachable on foot but more practical by car given the elevation change between the coastal road and residential zones set back from the shore.

HAIKU Suites is currently under construction with completion anticipated in 2026, though buyers should verify the exact handover schedule directly with the developer. Standard Spanish new build transactions require a reservation deposit to secure a unit, followed by stage payments tied to construction milestones, with the balance due upon completion and key collection. Independent legal representation is essential to review contracts, confirm all fees and taxes, and ensure proper registration of parking and storage allocations. Ground floor properties in developments of this scale typically achieve strong rental yields during peak summer months, though winter occupancy rates depend heavily on the profile of amenities and proximity to golf courses rather than beach access alone.

Features

What this home includes

  • Pool
  • Private garden
  • Parking
  • Beachside

Property details

Specifications

Reference
HT5150452
Property type
Ground Floor Apartment
Bedrooms
2 to 3
Bathrooms
2
Built area
94 m² to 130 m²
Terrace
19 m² to 105 m²
Price range
€500,000 to €999,000
Completion
2028-12-31
Pool
Yes
Garden
Yes
Garage
Yes
Beach side
Yes
City
Estepona
Coast
Costa del Sol

What's Nearby

Playa de Guadalmansa
20 minwalk
Flamingos Golf
3 mindrive
Puerto Deportivo José Banus
13 mindrive
The International School of Estepona
10 mindrive
Colegio Público Cancelada
1 mindrive
Mercadona
4 mindrive
Lidl
18 minwalk
ALDI
7 mindrive
Carrefour
11 mindrive
Hospital Hospiten de Estepona
6 mindrive
Pharmacy
11 minwalk
Mustang
9 mindrive
San Pedro Alcántara
12 mindrive
6 restaurants & bars
within 12 minwalk
Málaga Airport (AGP)
65 mindrive
Gibraltar Airport (GIB)
51 mindrive
Beachside, south of the coastal road (A-7), close to the Mediterranean.

Location

Estepona

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

HAIKU Suites sits on the sea side of the AP-7, putting you between the motorway and the Mediterranean near Estepona. Playa de Guadalmansa is a 20 minute walk away, perfect for a quick morning swim. Flamingos Golf is just 3 minutes by car if you play regularly. Gibraltar Airport is 51 minutes away for those flying in, while San Pedro Alcántara town centre takes 12 minutes to reach for dining and shopping. The International School of Estepona and Hospital Hospiten de Estepona are both close by for families. This location suits buyers who want beach access without being right on the seafront, plus easy access to golf and local amenities.

18 questions answered

HAIKU Suites: Frequently Asked Questions

HAIKU Suites ground floor apartments range from €500,000 to €999,000, depending on the size and configuration you choose. The price includes your apartment, a private garage, and access to either a private or communal pool depending on your unit. All HAIKU Suites properties benefit from the beachside location in Estepona, so you're paying for prime Costa del Sol real estate with direct beach access.

HAIKU Suites is located in Estepona on the Costa del Sol, right on the beachfront, which means you have immediate access to the beach and the Mediterranean. Estepona is a well-established coastal town with restaurants, shops, and local amenities within walking distance, while still maintaining a more relaxed atmosphere compared to busier resort areas nearby.

HAIKU Suites offers 2 and 3 bedroom ground floor apartments, with built sizes ranging from 94 m² up to 130 m². The ground floor positioning means direct access to your private garden area, which is a key feature of these units and sets them apart from higher-floor apartments.

Every HAIKU Suites ground floor apartment comes with a private garden, giving you your own outdoor area for relaxation and entertaining. Additionally, you'll have access to either a private pool or communal pool depending on your specific unit, plus you're steps away from the beach itself, so outdoor living is a major feature of this development.

HAIKU Suites is expected to be completed on 31 December 2028, so you're looking at a delivery date in late 2028. This gives you time to plan your move to the Costa del Sol and secure your beachfront apartment at HAIKU Suites before completion.

Buying off-plan in Estepona 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

€5,319 / m²

€5,319 × 94 m² = €500,000 asking · entry unit

Comparable averages

  • Apartments & penthouses in Estepona

    42 active listings

    €6,308 / m²16% below market

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HAIKU Suites

Estepona · From €500,000 · 2 to 3 beds · Completing Q4 2028

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