New development · Costa del Sol · Estepona

The Sapphire

From €2,650,000

3 beds · 232 m² built · Est. completion 2024-11-30

Ref HT4989445

Updated daily · Last sync 2026-06-14T21:50:30.190007+00:00

About this property

Overview

The Sapphire is a new development of 3-bedroom middle floor apartments for sale in Estepona, Costa del Sol, priced at €2,650,000. This is a small-scale frontline beach project of just 15 residences on Guadalobón beach, with only two units remaining at the time of writing. The architecture takes design cues from the movement of the sea, and each apartment is sold furnished with Bulthaup kitchens and Gaggenau appliances as standard. At this price point, The Sapphire sits at the upper end of Estepona's beachfront market, reflecting both its direct beach access and the inclusion of high-specification interiors in the sale price.

Each apartment offers 232 m² of built space with three bedrooms and three bathrooms. The specification includes home automation covering lighting, air conditioning, and security, an aerothermal system for energy efficiency, underfloor heating throughout, and thermally and acoustically insulated construction. Kitchens are fully fitted by Bulthaup with integrated Gaggenau appliances, while bathrooms feature Laufen sanitary fittings. Wardrobes are internally lit, and entrance doors are security-rated. Communal facilities include a health and wellness centre with a fitness area, sauna, and a 54-foot indoor swimming pool, plus a beachfront infinity pool and sundeck overlooking the Mediterranean. The development provides 24-hour security, landscaped gardens, and direct access to the beach. All units are sold furnished, which simplifies the buying process for international purchasers but also means the interior design is predetermined.

Guadalobón beach lies just west of Estepona town centre, which is a 5-minute drive or a 20-minute walk along the promenade. Estepona's old town retains more Andalusian character than much of the Costa del Sol, with whitewashed streets, independent shops, and a weekly market. The town attracts a mix of northern European retirees, families seeking year-round schooling options, and second-home buyers who prefer a slower pace than Marbella or Puerto Banús. Marbella is 20 minutes by car, Málaga airport 45 minutes. The Sierra Bermeja mountain range rises directly behind the town, offering hiking trails within a short drive, though the immediate area around Guadalobón beach is flat and developed with low-rise residential blocks and beach clubs.

This is a completed development with only two units remaining from the original 15. Spanish new build purchases typically require a reservation deposit to secure the property, followed by the balance on completion, though with a finished project the payment structure is simpler than staged construction payments. Independent legal representation is strongly recommended to verify all completion certificates, community fees, and ongoing service charges, particularly given the extensive communal facilities. The sale includes all furniture and fittings, so buyers should confirm the exact inventory and condition during the reservation process.

Features

What this home includes

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

Property details

Specifications

Reference
HT4989445
Property type
Middle Floor Apartment
Bedrooms
3
Bathrooms
3
Built area
232 m²
Terrace
95 m²
Price range
€2,650,000
Completion
2024-11-30
Pool
Yes
Garden
Yes
Garage
Yes
Beachfront
Yes
Beach side
Yes
Sea view
Yes
South facing
Yes
City
Estepona
Coast
Costa del Sol

What's Nearby

Nearest beach
7 minwalk
Azata Golf
8 mindrive
Puerto Estepona
3 mindrive
Colegio Diocesano Juan XXIII
4 mindrive
Supercor
3 mindrive
Aldi
14 minwalk
Mercadona
4 mindrive
Carrefour
4 mindrive
Hospital de Alta Resolución de Estepona
6 mindrive
Farmacia Estepona
16 minwalk
Carrefour
8 mindrive
Estepona
9 mindrive
3 restaurants & bars
within 12 minwalk
Málaga Airport (AGP)
70 mindrive
Gibraltar Airport (GIB)
43 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 Sapphire sits on the sea side of the AP-7, just 542 metres from the beach. You can walk there in 7 minutes or drive in 3. Gibraltar Airport is 43 minutes away by car, making this location practical for frequent travellers. Puerto Estepona marina is a 3-minute drive, while Azata Golf is 8 minutes away. Estepona town centre takes 9 minutes to reach by car. This location works well for families wanting beach access, golfers, and people who value easy airport connections.

18 questions answered

The Sapphire: Frequently Asked Questions

The Sapphire starts from €2,650,000 for a 3-bedroom middle floor apartment. This price includes the apartment itself at 232 m² built size, a private garage, and access to either a private or communal pool depending on your unit. You also get a private garden space as part of your purchase in The Sapphire.

The Sapphire is positioned right on the beachfront in Estepona, Costa del Sol, giving you direct beach access and a truly waterfront lifestyle. The south-facing orientation means you get maximum sunlight throughout the day, and the beachside location puts you steps away from the sand and Mediterranean Sea.

The Sapphire offers 3-bedroom apartments with a built size of 232 m², which is the specification for the middle floor units available in this development. All units maintain this generous size to ensure spacious living in The Sapphire.

Every apartment in The Sapphire benefits from sea views thanks to the beachfront location, and the south-facing orientation means your home captures sunlight all day long. Being right on the beach, The Sapphire offers unobstructed views of the Mediterranean and the natural light that comes with a waterfront position.

The Sapphire is expected to be completed on 30 November 2024, so you can plan your move-in date accordingly. This gives you a clear timeline for when your beachfront apartment in The Sapphire will be ready for occupation.

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 middle floor apartments in the same city.

This Middle floor apartment

€11,422 / m²

€11,422 × 232 m² = €2,650,000 asking · entry unit

Comparable averages

  • Apartments & penthouses in Estepona

    42 active listings

    €6,163 / m²85% above market

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The Sapphire

Estepona · From €2,650,000 · 3 bed · Completing Q4 2024

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