For sale · Costa del Sol · Estepona
Available2-Bed Penthouse in The Residences, Estepona
Residential complexThe ResidencesGated community
€730,000
2 beds · 2 baths · 134 m² built
Ref HT5344282Updated daily · Last sync 27 October 2026
About this property
Overview
Two-bedroom penthouse with sea views in Cancelada, Costa del Sol. The private terrace spans the full width of the property, providing uninterrupted Mediterranean vistas and enough space for both dining and lounge areas under the open sky. This fully furnished residence occupies the top floor of The Residences, delivering 134 square metres of bright, modern living space with direct terrace access from the main rooms.
Inside, the two bedrooms are generously sized, each with fitted wardrobes, whilst the two bathrooms feature contemporary fittings throughout. The open-plan living and dining area measures approximately 35 square metres, with floor-to-ceiling windows that frame the sea views and flood the space with natural light. The kitchen comes fully equipped with integrated appliances, and the property includes a private underground parking space plus a dedicated storage room for seasonal items or sports equipment.
The Residences sits in Cancelada, a residential area between Marbella and Estepona known for its proximity to both beaches and golf courses. The complex includes landscaped communal gardens and a residents' swimming pool. Villa Padierna Golf Club lies 2 kilometres inland, whilst the nearest beach access at Playa del Saladillo is a five-minute drive down the A-7 coastal road. The property's top-floor position means no noise from neighbours above, and the terrace receives sunlight from mid-morning through to sunset.
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Features
What this home includes
- Air conditioning
- Fitted kitchen
- Fitted wardrobes
- Furnished
- Storage room
- Close to golf
- Close to schools
- Close to the sea
- Near public transport
- Urbanisation
Property details
Specifications
- Property type
- Penthouse
- Subtype
- Penthouse
- Bedrooms
- 2
- Bathrooms
- 2
- Built area
- 134 m²
- Parking spaces
- 1
- Pool
- Yes
- Gated community
- Yes
- Complex
- The Residences
- Area
- Cancelada
- City
- Estepona
- Province
- Málaga
- Coast
- Costa del Sol
Location
Cancelada, Estepona
Residential complexThe ResidencesMap shows the The Residences complex location. Exact unit address provided upon request. This property is in CanceladaEsteponaCosta del Sol.
Playa del Saladillo
4 mindrive
Flamingos Golf
7 mindrive
Puerto Deportivo José Banus
12 mindrive
The International School of Estepona
9 mindrive
spanish school
4 mindrive
Lidl
11 minwalk
Hospital Hospiten de Estepona
7 mindrive
Pharmacy
12 minwalk
Mustang
8 mindrive
San Pedro Alcántara
10 mindrive
Gibraltar Airport (GIB)
52 mindrive
Mountain side, north of the coastal road (A-7), hillside setting.
9 questions answered
Buying this penthouse in Cancelada
Can foreigners buy property in Cancelada?
Yes. Spain places no restrictions on foreign buyers, EU and non-EU citizens can purchase freely in Cancelada. You will need a Spanish NIE (foreigner tax number) before signing the title deed, plus a Spanish bank account for the transfer. The full purchase typically completes 6 to 10 weeks from signing the reservation contract.
What is an NIE and how do I get one?
The NIE (Número de Identificación de Extranjero) is your Spanish tax ID and is mandatory for buying property, opening a bank account or paying taxes. You can apply at a Spanish consulate in your home country or in person in Spain. Your lawyer can also obtain it on your behalf with a power of attorney, typically 2 to 4 weeks.
Do I need a Spanish lawyer?
Strongly recommended. An independent lawyer (abogado), separate from the agent and seller, verifies title, checks for debts and planning issues, drafts contracts and represents you at the notary. Typical fee is 1% of the purchase price plus VAT, with a minimum around €1,500.
How long does completion take?
From accepted offer to keys: 6 to 10 weeks for a resale, 30 to 45 days from reservation if no mortgage is needed. New-build off-plan completes when the development is delivered, often 18 to 36 months after reservation, with staged payments along the way.
What taxes will I pay buying a property in Cancelada?
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.
What ongoing costs should I expect?
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.
Are agent fees paid by the buyer or seller?
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.
Can non-residents get a Spanish mortgage?
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.
Should I get pre-approval before viewing?
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.
