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 2027-07-04

Ref HT4808206

Updated daily · Last sync 2026-06-14T21:50:29.367271+00:00

About this property

Overview

Royal Park Residence is a new development of 3 to 4-bedroom ground floor apartments for sale in Estepona, Costa del Sol, priced from €799,000 to €2,000,000. The project comprises 57 sea-view units positioned on Estepona's New Golden Mile, with every apartment designed to face the Mediterranean. What distinguishes this development is the adjacent 36,000 m² sports and wellness complex, a facility of unusual scale for a residential project of this size, offering direct access to amenities typically found only in standalone resort hotels.

Built sizes range from 113 m² to 195 m² across seven different floor plans. All units include 3 or 4 bedrooms, between 2 and 4 bathrooms, and fully equipped kitchens with integrated appliances. Ground floor apartments come with private gardens, while penthouse options feature private solariums or duplex layouts. Each property includes built-in wardrobes, two underground parking spaces, and one storage room. The development provides a communal pool, and residents have access to the neighbouring sports complex, which houses a full-size indoor lap pool, spa facilities, indoor and outdoor gyms, and paddle and tennis courts. The complex also includes restaurants and retail units, though these are independently operated rather than exclusive to residents.

The New Golden Mile stretches west from Puerto Banús towards Estepona town centre, approximately 15 minutes by car from either endpoint. This stretch has seen considerable new build activity over the past decade, attracting Northern European buyers seeking modern specifications and sea views at a lower price point than Marbella's Golden Mile proper. The area appeals particularly to families and year-round residents who prioritise space, amenities, and proximity to international schools over immediate beachfront access. Most developments here sit on elevated plots above the coastal road, which delivers the sea views but means a short drive or walk to the beach itself. Estepona town has invested heavily in its seafront promenade and old quarter, and the municipality's planning policies favour lower-density projects compared to neighbouring Marbella.

This is an off-plan development with construction underway. The standard Spanish payment structure applies: a reservation deposit secures your unit, followed by stage payments tied to construction milestones, with the balance due on completion and key handover. All payment amounts and schedules must be confirmed directly with the developer, as these can vary depending on unit type and purchase timing. Independent legal representation is essential, particularly for reviewing the purchase contract, verifying building licences, and ensuring all payments are protected under Spanish law. The sports complex is being developed in parallel with the residential phase, so buyers should confirm the projected completion date for both elements before committing.

Features

What this home includes

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

Property details

Specifications

Reference
HT4808206
Property type
Ground Floor 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
Completion
2027-07-04
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

The price range of €799,000 to €2,000,000 at Royal Park Residence covers the apartment itself, a private garage, and access to either a private or communal pool depending on your unit. All ground floor apartments come with a private garden, which is a significant feature for beachside living on the New Golden Mile.

Royal Park Residence is situated on the New Golden Mile in Costa del Sol, which means you're on one of the most sought-after stretches of coastline in Spain with direct beach access. The location offers proximity to Marbella's amenities while maintaining a more relaxed residential atmosphere than the town centre.

Royal Park Residence offers ground floor apartments ranging from 3 to 4 bedrooms, with built sizes between 113 and 195 square metres. The variety allows you to choose based on your space requirements and budget within the €799,000 to €2,000,000 price range.

Yes, Royal Park Residence features sea views from the apartments, with a south-facing orientation that maximises natural light and views throughout the day. Being a beachside development on the New Golden Mile, the sea views are a defining characteristic of this project.

Royal Park Residence is expected to be completed on 4 July 2027, giving you a clear timeline for when you can take possession of your ground floor apartment. The developer VELEZ MALAGA has set this completion date for the entire project.

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

€7,071 / m²

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

Comparable averages

  • Apartments & penthouses in New Golden Mile

    4 active listings

    €6,800 / m²4% above market

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Royal Park Residence

Estepona · From €799,000 · 3 to 4 beds · Completing Q3 2027

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