New development · Costa del Sol · Estepona

Palm Residences

€569,000 to €879,000

2 to 3 beds · 82 to 95 m² built · Est. completion 2028-12-31

Ref HT5143009

Updated daily · Last sync 2026-06-14T21:50:30.987547+00:00

About this property

Overview

Palm Residences is a new development of 2 to 3-bedroom middle floor apartments for sale in Estepona, Costa del Sol, priced from €569,000 to €879,000. The project sits on the New Golden Mile, adjacent to a golf community, positioning it between the established town centre of Estepona and the more expensive Marbella market. Buyers here typically pay 15–20% less than equivalent new builds closer to Puerto Banús, whilst retaining access to the same coastline and infrastructure. The architecture follows a contemporary Mediterranean template, with open-plan interiors and terraces that face the Andalusian countryside rather than the sea.

Apartments range from 82 to 95 m² of built space. All units have two bathrooms regardless of bedroom count. The development includes a communal swimming pool. Interiors feature open-plan living and kitchen areas with floor-to-ceiling windows, designed to maximise natural light. Kitchens are fitted with integrated appliances. Bedrooms are configured as suites in the larger units, with the master bedroom opening onto the terrace. Flooring is porcelain tile throughout the main living areas. The supplier description emphasises the quality of finishes, though specific brands or materials are not disclosed in the available data. No mention is made of parking allocation, so buyers should confirm whether spaces are included in the price or available as an optional extra.

Estepona town centre is approximately 6 kilometres east, a ten-minute drive depending on traffic. The New Golden Mile attracts a mix of northern European second-home buyers and year-round residents, many of whom prioritise golf access and a quieter pace than Marbella or Puerto Banús. The area has seen steady development over the past decade, with several gated communities and golf resorts now established. This is not beachfront. The coast is a five-minute drive, but the immediate surroundings are residential and golf-oriented, with views over fairways and low-rise housing rather than the Mediterranean. Buyers who want to walk to the beach or to restaurants will find this location less practical than central Estepona or the beachside developments closer to San Pedro de Alcántara.

The completion status and construction timeline are not specified in the available data, so prospective buyers should confirm whether this is off-plan, under construction, or nearing completion. Spanish new build purchases typically require a reservation deposit of €6,000 to €10,000, followed by stage payments during construction if the property is not yet complete, with the balance due on completion and key handover. All payment schedules and amounts must be confirmed directly with the developer. Independent legal representation is strongly recommended to review contracts and verify that all necessary building licences and bank guarantees are in place. Buyers should also clarify the community fees, as developments with pools and landscaped grounds on the New Golden Mile typically charge between €100 and €180 per month depending on the size of the apartment and the extent of shared facilities.

Features

What this home includes

  • Pool
  • Private garden
  • Parking
  • Beachside

Property details

Specifications

Reference
HT5143009
Property type
Middle Floor Apartment
Bedrooms
2 to 3
Bathrooms
2
Built area
82 m² to 95 m²
Terrace
59 m² to 86 m²
Price range
€569,000 to €879,000
Completion
2028-12-31
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 price at Palm Residences includes the apartment itself, a private garage, and access to either a private or communal pool depending on your unit. All 2 and 3 bedroom apartments also come with a private garden space, so you get outdoor living as part of the package.

Palm Residences is situated on the New Golden Mile in Costa del Sol, which means you're right on the beach with direct access to the shoreline. This location puts you close to restaurants, shops, and the full Costa del Sol lifestyle while being in one of the most sought-after coastal areas.

Palm Residences offers 2 and 3 bedroom apartments ranging from 82 to 95 square metres. The 2 bedroom units start at €569,000, while the 3 bedroom apartments go up to €879,000, giving you options depending on your space and budget needs.

Yes, Palm Residences is a beach-side development on the New Golden Mile, so sea views are a key feature of this location. The middle floor apartments at Palm Residences offer excellent access to the beach and coastal views as part of living in this beachfront setting.

Palm Residences is expected to be completed at the end of 2028, giving you a clear timeline for when you can move in. This gives you time to plan your move to the Costa del Sol and secure your apartment in this beachfront development.

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 middle floor apartments in the same city.

This Middle floor apartment

€6,939 / m²

€6,939 × 82 m² = €569,000 asking · entry unit

Comparable averages

  • Apartments & penthouses in New Golden Mile

    4 active listings

    €6,833 / m²in line with market

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Palm Residences

Estepona · From €569,000 · 2 to 3 beds · Completing Q4 2028

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