New development · Costa del Sol · Estepona

The Oak 48

€410,000 to €874,500

1 to 3 beds · 57 to 91 m² built · Est. completion 2027-09-30

Ref HT5009176

Updated daily · Last sync 2026-06-14T21:50:30.327458+00:00

About this property

Overview

The Oak 48 is a new development of 1 to 3-bedroom ground floor apartments for sale in Estepona, Costa del Sol, priced from €410,000 to €874,500. This 48-unit project occupies a hillside position that delivers dual-aspect views across the Sierra Bermeja mountain range and the Mediterranean coastline, a combination that typically commands a premium in Estepona's residential market. The development includes penthouse units with private rooftop pools and solariums, a configuration that extends the usable living space considerably beyond the standard apartment footprint.

Built sizes range from 57 to 91 m² across the one, two, and three-bedroom layouts. All apartments include at least one bathroom, with two-bedroom and larger units offering two bathrooms, one of which is en-suite. Each residence has a private terrace designed to capture the mountain or sea views. The specification includes fully equipped kitchens with integrated appliances, air conditioning, heating, and double glazing throughout. Communal facilities comprise landscaped gardens, a shared swimming pool, a gym, a coworking space, and a social area. Storage rooms are available to residents, though parking provision has not been confirmed in the project documentation and should be verified directly with the developer.

Estepona's old town centre is under 10 minutes by car, as is the Punta de Plata beach and the town's marina. The development sits close to both the A-7 coastal road and the AP-7 toll motorway, which connects Estepona to Marbella in 20 minutes and Málaga airport in 50 minutes. Buyers here are typically northern European second-home owners and retirees who favour Estepona's slower pace compared to Marbella, alongside Spanish nationals from Madrid and Seville seeking coastal property within reasonable driving distance. The town has expanded rapidly over the past decade, with new developments concentrated in the hills above the historic centre where land permits construction and views justify the inland position. This project follows that pattern: it trades beachfront proximity for elevation and sightlines.

The Oak 48 is under construction, with completion anticipated in the coming months. Buyers should confirm the exact handover schedule and any remaining stage payment deadlines with the developer. Standard Spanish new build transactions require a reservation deposit to secure a unit, followed by stage payments tied to construction milestones, with the balance due on completion when keys are handed over. All payment amounts and dates must be confirmed in writing before commitment. Independent legal representation is essential to review the purchase contract, verify planning permissions, and ensure all fiscal obligations are correctly structured. Estepona's property registry office is located on Avenida Juan Carlos I, and buyers will need a Spanish NIE tax identification number before contracts can be signed.

Features

What this home includes

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

Property details

Specifications

Reference
HT5009176
Property type
Ground Floor Apartment
Bedrooms
1 to 3
Bathrooms
1 to 2
Built area
57 m² to 91 m²
Terrace
7 m² to 142 m²
Price range
€410,000 to €874,500
Completion
2027-09-30
Pool
Yes
Garden
Yes
Garage
Yes
Beach side
Yes
Sea view
Yes
City
Estepona
Coast
Costa del Sol

What's Nearby

La Rada
20 minwalk
Azata Golf
13 mindrive
Puerto Estepona
4 mindrive
Instituto de Educación Secundaria Mar de Alborán
2 mindrive
Supercor
4 mindrive
Mercadona
7 minwalk
Eroski
8 minwalk
Hospital de Alta Resolución de Estepona
11 mindrive
Farmacia Usero
6 minwalk
Carrefour
4 mindrive
Estepona
4 mindrive
4 restaurants & bars
within 12 minwalk
Málaga Airport (AGP)
69 mindrive
Gibraltar Airport (GIB)
44 mindrive
Beachside, south of the coastal road (A-7), close to the Mediterranean.

Location

Estepona

Location shown is the development site. This development is in EsteponaCosta del Sol.

The Oak 48 sits on the sea side of the AP-7, between the motorway and the Mediterranean. La Rada beach is a 20 minute walk away. Estepona town centre is just 4 minutes by car, with Mercadona supermarket even closer at 7 minutes on foot. Gibraltar Airport is 44 minutes away by car. You have Instituto de Educación Secundaria Mar de Alborán practically next door, along with Puerto Estepona marina and Azata Golf within easy reach. This location works well for families who want beach access without giving up town conveniences, and for anyone who values both relaxation and practical amenities.

18 questions answered

The Oak 48: Frequently Asked Questions

The Oak 48 prices from €410,000 to €874,500 include the apartment itself, a private garage, and access to either a private or communal pool depending on your unit. Ground floor apartments at The Oak 48 also come with a private garden, which is a significant feature for beachside living in Estepona.

The Oak 48 is positioned right on the beachfront in Estepona, Costa del Sol, giving you direct access to the beach and sea views from your apartment. The location puts you close to Estepona's town centre with its restaurants and amenities, while maintaining that coastal lifestyle.

The Oak 48 offers ground floor apartments ranging from 1 to 3 bedrooms, with built sizes between 57 and 91 square metres. This range means you can choose based on your needs, whether you're looking for a compact one-bedroom or a larger three-bedroom family home.

Yes, The Oak 48 is designed as a beachside development, so all ground floor apartments benefit from sea views given their location right on the coast in Estepona. The combination of sea views and private gardens makes these units particularly attractive for those seeking coastal living.

The Oak 48 is expected to be completed in September 2027, giving you a clear timeline for when you can take possession of your apartment. This allows time for the quality construction and finishing touches that come with a new development in this prime Estepona location.

Buying off-plan in Estepona 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

€7,193 / m²

€7,193 × 57 m² = €410,000 asking · entry unit

Comparable averages

  • Apartments & penthouses in Estepona

    42 active listings

    €6,263 / m²15% above market

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The Oak 48

Estepona · From €410,000 · 1 to 3 beds · Completing Q3 2027

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