New development · Costa del Sol · Estepona

Balcon del Mediterraneo

€1,372,710 to €2,025,720

3 to 5 beds · 202 to 297 m² built · Est. completion 2027-10-31

Ref HT4831858

Updated daily · Last sync 2026-06-14T21:50:29.263625+00:00

About this property

Overview

Balcon del Mediterraneo is a new development of 3 to 5-bedroom ground floor apartments for sale in Estepona, Costa del Sol, priced from €1,372,710 to €2,025,720. The project sits on the New Golden Mile, a stretch of coastline west of Marbella where frontline beach properties command premium prices but inland positions offer better value for larger built areas. Each residence here ranges from 202 to 297 m², significantly larger than the typical Costa del Sol apartment at this price point, and all units include two parking spaces and a storage room. The development's name references its elevated position, which provides unobstructed Mediterranean views from every level.

Built sizes span 202 m² for the 3-bedroom units to 297 m² for the 5-bedroom configurations, with 3 to 5 bathrooms depending on layout. All apartments feature wide terraces designed to maximise sea views and outdoor living space. The communal facilities include an outdoor infinity pool overlooking the sea, a coworking space, spa with sauna, fully equipped gym, yoga studio, massage room, and a golf simulator. These amenities reflect the project's positioning for year-round residents or long-term renters rather than holiday-only buyers. The architecture and interiors follow contemporary Costa del Sol standards, with open-plan living areas and floor-to-ceiling glass to frame the coastal views.

Puerto Banús marina is ten minutes by car, which places this development in the secondary residential belt rather than the immediate beachfront zone. The New Golden Mile attracts a mix of northern European buyers seeking larger homes with golf access and Spanish families relocating from inland cities. The area is bordered by three golf courses: Los Flamingos Golf, El Paraíso Golf Club, and La Resina Golf & Country Club, all within a short drive. Estepona's town centre, with its expanded marina and restaurant quarter, is also ten minutes away. The Laguna Village leisure complex, a recent addition to the local infrastructure, offers dining and entertainment options within walking distance. This is not a beachfront location, and buyers should expect a car to be essential for daily errands, school runs, and beach access.

This is an off-plan project with completion dates to be confirmed directly with the developer. Spanish new build purchases typically require a reservation deposit to secure a unit, followed by stage payments during construction, with the balance due on completion when keys are handed over. All payment schedules and amounts must be verified with the sales team, as they can vary by unit and by when you reserve. Independent legal representation is strongly recommended to review contracts, confirm build specifications, and ensure all payments are protected under Spanish property law. The inclusion of two parking spaces per apartment is worth noting, as many comparable developments on the Costa del Sol allocate only one space or charge separately for the second.

Features

What this home includes

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

Property details

Specifications

Reference
HT4831858
Property type
Ground Floor Apartment
Developer
PM
Bedrooms
3 to 5
Bathrooms
3 to 5
Built area
202 m² to 297 m²
Terrace
27 m² to 88 m²
Price range
€1,372,710 to €2,025,720
Completion
2027-10-31
Pool
Yes
Garden
Yes
Garage
Yes
Beach side
Yes
Sea view
Yes
South facing
Yes
Area
New Golden Mile
City
Estepona
Coast
Costa del Sol

What's Nearby

Nearest beach
10 mindrive
Club de Golf El Coto de la Serena
10 mindrive
Puerto Estepona
14 mindrive
The International School of Estepona
14 mindrive
Colegio Público Cancelada
10 mindrive
ALDI
7 mindrive
Aldi
7 mindrive
Mercadona
10 mindrive
Lidl
10 mindrive
Hospital Hospiten de Estepona
6 mindrive
Pharmacy
6 mindrive
Mustang
14 mindrive
Estepona
14 mindrive
155 restaurants & bars
within 10 mindrive
Málaga Airport (AGP)
69 mindrive
Gibraltar Airport (GIB)
52 mindrive
Beachside, south of the coastal road (A-7), close to the Mediterranean.

Location

New Golden Mile, Estepona

Location shown is the development site. This development is in New Golden MileEsteponaCosta del Sol.

Balcon del Mediterraneo sits on the sea side of the AP-7, placing it between the motorway and the Mediterranean. The nearest beach is a 10 minute drive away. Gibraltar Airport is 52 minutes by car. Club de Golf El Coto de la Serena is just 10 minutes away, making it convenient for regular golfers. Hospital Hospiten de Estepona is 6 minutes away, and Estepona town centre is a 14 minute drive for restaurants and shopping. This location works well for families wanting easy access to both golf and the coast.

18 questions answered

Balcon del Mediterraneo: Frequently Asked Questions

The price range of €1,372,710 to €2,025,720 at Balcon del Mediterraneo includes the apartment itself, a private garage, and access to either a private or communal pool depending on your unit. Ground floor apartments at Balcon del Mediterraneo also come with a private garden, which is a significant advantage for beachside living on the New Golden Mile.

Balcon del Mediterraneo is located directly on the beachfront on the New Golden Mile in Costa del Sol, so you have immediate access to the beach from your home. The south-facing orientation means you'll enjoy maximum sunlight and sea views throughout the day, making it an exceptional location for beach lovers.

Balcon del Mediterraneo offers ground floor apartments ranging from 3 to 5 bedrooms, with built sizes between 202 and 297 square metres. This range allows you to choose a layout that suits your family size and lifestyle needs while maintaining the beachfront location and garden space.

Yes, all units at Balcon del Mediterraneo feature sea views thanks to the beachside location and south-facing orientation of the development. The ground floor apartments with private gardens at Balcon del Mediterraneo offer direct access to outdoor space with these views, creating a seamless connection to the Mediterranean.

Balcon del Mediterraneo is expected to be completed in October 2027, giving you a clear timeline for your investment on the New Golden Mile. This completion date allows the developer PM sufficient time to deliver high-quality finishes and all the amenities promised at Balcon del Mediterraneo.

Buying off-plan in New Golden Mile 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

€6,796 / m²

€6,796 × 202 m² = €1,372,710 asking · entry unit

Comparable averages

  • Apartments & penthouses in New Golden Mile

    4 active listings

    €6,869 / m²in line with market

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Balcon del Mediterraneo

Estepona · From €1,372,710 · 3 to 5 beds · Completing Q4 2027

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