New development · Costa del Sol · Estepona

Royal Park Residence

€799,000 to €2,000,000

3 to 4 beds · 113 to 195 m² built · Est. completion Q3 2027

Ref HT4808206Updated daily · Last sync 26 August 2026

About this property

Overview

Royal Park Residence offers apartments with three or four bedrooms and between two and four bathrooms. Built areas run from 113 square metres at the smaller end to 195 square metres in the larger layouts, with terraces that span 29 to 229 square metres. The wider terraces belong to ground floor homes with private gardens and to penthouses with private roof terraces. All apartments face south or southwest and all have sea views of the Mediterranean. Each home comes with two underground parking spaces and a storage room.

The development sits on the sea side of the AP-7 motorway on the New Golden Mile, which places the beach within walking distance and keeps you away from the density of central Marbella. Lidl is a nine minute drive for everyday shopping, and Gibraltar Airport is 50 minutes by car. You are close to golf courses, schools and the town centre of Estepona. This location suits buyers who want proximity to the sea and the practical advantage of a main road nearby, but it means you live with motorway noise and the development sits in a stretch of coast that has been heavily built on.

A large sports complex is planned next to the apartments, with an indoor pool, spa, gym, tennis and paddle courts, and restaurants. The communal areas include pools and gardens. The seven floor plans vary enough that the smaller three-bedroom apartments suit singles or couples, while the four-bedroom duplex penthouses work for families who need separate spaces. If you want direct beach access and a home that opens onto a large private terrace, this fits. If you need to be away from traffic and want a quieter, greener setting, it does not.

Features

What this home includes

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

Property details

Specifications

Reference
HT4808206
Property type
Apartment
Developer
VELEZ MALAGA
Bedrooms
3 to 4
Bathrooms
2 to 4
Built area
113 m² to 195 m²
Terrace
29 m² to 229 m²
Plot size
221 m²
Price range
€799,000 to €2,000,000
Est. completion
Q3 2027
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

Playa de Guadalmansa
7 mindrive
ALDI
6 mindrive
Mercadona
9 mindrive
Lidl
9 mindrive
Pharmacy
5 minwalk
Mustang
13 mindrive
9 restaurants & bars
within 12 minwalk
Málaga Airport (AGP)
68 mindrive
Gibraltar Airport (GIB)
50 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.

Royal Park Residence sits on the sea side of the AP-7, placing you between the motorway and the Mediterranean on the New Golden Mile. You are less than 10 minutes by car from Lidl supermarket for daily shopping. Gibraltar Airport is a 50 minute drive away, making this location practical for frequent travellers. The New Golden Mile offers direct beach access and a quieter alternative to central Marbella while keeping essential amenities within easy reach. This location suits buyers who want coastal living with convenience and straightforward transport links.

18 questions answered

Royal Park Residence: Frequently Asked Questions

Playa de Guadalmansa is 1.5 kilometres away, about seven minutes by car. The development sits on the sea side of the motorway, so the beach is also walkable if you prefer. The walk takes you through the built-up New Golden Mile rather than along a coastal path.

Every apartment has a terrace, ranging from 29 square metres in the smaller flats to 229 square metres on the penthouses and ground floor homes. Ground floor apartments open onto private gardens. Penthouses have private roof terraces. The communal areas include pools and gardens that all residents share.

All apartments face south or southwest, which gives you direct sun for most of the day. Every home has sea views of the Mediterranean. The orientation suits buyers who want daylight in the main rooms and a terrace warm enough to use in winter.

Schools are close to the development, and Estepona town centre is nearby for medical services and larger shops. The sports complex planned next door will include tennis and paddle courts, an indoor pool and a gym. Lidl is 2.6 kilometres away for weekly shopping.

Gibraltar Airport is 42 kilometres away, about 50 minutes by car on the AP-7 motorway. The direct route and the proximity to the main road make this a practical choice if you plan to lock up and leave regularly, or if you are letting the apartment to short-stay tenants.

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

€7,071 / m²

€7,071 × 113 m² = €799,000 asking · entry unit

Comparable averages

  • Apartments & penthouses in New Golden Mile

    4 active listings

    €7,268 / m²3% below market

Similar projects

More developments in Estepona

ERA Residence

ERA Residence

New Golden Mile

From €499,000
Palm Residences

Palm Residences

New Golden Mile

From €599,000
Ayana Estepona FASE I, II, III

Ayana Estepona FASE I, II, III

New Golden Mile

From €745,000
Balcon del Mediterraneo

Balcon del Mediterraneo

New Golden Mile

From €1,442,000
ATTA VILLAS

ATTA VILLAS

New Golden Mile

From €1,800,000
THE SEVEN

THE SEVEN

New Golden Mile

From €2,000,000
View all new developments

Newsletter · Every Friday

Track the Costa del Sol market without the noise.

Every Friday: the properties worth a second look, what prices are doing in Marbella and Estepona, and one honest take on the market. For buyers who are serious, but not ready to be sold to yet.

Join 1,200 buyers and investors already tracking the Costa del Sol.

David Los

Founder