New development · Costa del Sol · Estepona

Palm Residences

€599,000 to €879,000

2 to 3 beds · 82 to 95 m² built · Est. completion Q4 2028

Ref HT5143009Updated daily · Last sync 26 August 2026

About this property

Overview

Palm Residences delivers three-bedroom apartments where the standout feature is the outdoor space. Terraces run from 59 to 86 square metres, larger than many living rooms, and give you room for a proper dining setup, loungers and planting. The apartments themselves measure 91 to 95 square metres, so the layout centres on an open-plan kitchen and living area with the bedrooms kept compact. Two bathrooms serve three bedrooms, which means couples without children get the spare bathroom to themselves, but families with teenagers will find mornings tight. The communal pool and gardens are shared across the development, and each apartment comes with garage parking.

You are on the sea side of the AP-7 motorway on the New Golden Mile, which puts the beach a short walk away and keeps you close to the coastal road without sitting in the centre of a town. Lidl is a ten-minute drive for weekly shops. The motorway access is quick, useful if you travel regularly, and Gibraltar Airport is 51 minutes by car. The immediate surroundings are low-rise residential, and you look out over the pool or neighbouring buildings rather than open countryside or beachfront. This suits buyers who want proximity to the sea and easy car access to both Marbella and Estepona, but you are not in a walking neighbourhood for restaurants or cafes.

The setting works for families who will use the beach regularly and prefer a car-based routine. It is less practical if you want to walk to dinner or avoid driving for daily errands, because the New Golden Mile spreads amenities along the coast rather than clustering them. The large terraces make the apartments flexible for different household sizes, but the two-bathroom layout will feel stretched with three occupied bedrooms.

Features

What this home includes

  • Pool
  • Private garden
  • Parking
  • Beachside

Property details

Specifications

Reference
HT5143009
Property type
Apartment
Bedrooms
2 to 3
Bathrooms
2
Built area
82 m² to 95 m²
Terrace
59 m² to 86 m²
Price range
€599,000 to €879,000
Est. completion
Q4 2028
Pool
Yes
Garden
Yes
Garage
Yes
Beach side
Yes
Area
New Golden Mile
City
Estepona
Coast
Costa del Sol

What's Nearby

Playa de Guadalmansa
8 mindrive
ALDI
6 mindrive
Mercadona
10 mindrive
Lidl
10 mindrive
Farmacia Cespedosa
15 minwalk
Mustang
14 mindrive
175 restaurants & bars
within 10 mindrive
Málaga Airport (AGP)
69 mindrive
Gibraltar Airport (GIB)
51 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.

Palm Residences sits on the sea side of the AP-7, putting you between the motorway and the Mediterranean on the New Golden Mile. You are steps from the beach with easy access to the coast. Gibraltar Airport is a 51 minute drive away, making this practical for regular travellers. Lidl supermarket is just 10 minutes by car for everyday shopping. This location works well for families who want beach access without sacrificing convenience to main roads and amenities.

18 questions answered

Palm Residences: Frequently Asked Questions

The terraces measure 59 to 86 square metres, which in most cases equals or exceeds the indoor living area. The apartments themselves are 91 to 95 square metres, so outdoor space is the dominant feature. That balance suits buyers who prioritise al fresco living and want room for full dining furniture, but it means the bedrooms and bathrooms inside are kept compact to fit the total footprint.

Playa de Guadalmansa is 1.8 kilometres away, about eight minutes by car. That distance is walkable for some, but the route crosses the coastal road and lacks pavements in sections, so most households drive. You are close enough to use the beach daily without planning, but this is not a beachfront development where you step out of the apartment onto sand.

Yes. The nearest supermarket is 2.3 kilometres away, a ten-minute drive, and restaurants and cafes are scattered along the coast rather than grouped in a walkable centre. The New Golden Mile spreads amenities over several kilometres, so daily errands and eating out both require a car. The motorway access is quick, which makes trips to Marbella or Estepona straightforward, but the immediate area is residential rather than mixed-use.

You look out over the communal pool or the surrounding low-rise buildings. The New Golden Mile sits behind the coastal road, so you are not on a beachfront plot and there is no sea view. The urban aspect is quiet and residential, but the outlook is pool and neighbouring apartments rather than open landscape or marina.

Gibraltar Airport is 43 kilometres away, about 51 minutes by car. That drive is manageable for occasional trips, and the motorway connection is direct, but it is too far for convenient weekend use if you fly in and out frequently. Málaga Airport is the closer option for most international routes, though you have not been given that distance here.

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 apartments in the same city.

This Apartment

€7,305 / m²

€7,305 × 82 m² = €599,000 asking · entry unit

Comparable averages

  • Apartments & penthouses in New Golden Mile

    4 active listings

    €7,210 / m²in line with market

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