For sale · Costa del Sol · Estepona
Available2-Bed Penthouse in Oceana Views, Estepona
Residential complexOceana Views
€595,000
2 beds · 2 baths · 75 m² built
Ref HT5535070Updated daily · Last sync 5 November 2026
About this property
Overview
Two-bedroom penthouse with private pool in Cancelada, Costa del Sol. This corner-position duplex claims the southwest orientation and top-floor placement that deliver uninterrupted views across the Mediterranean to the Rock of Gibraltar. The private solarium extends the 67sqm terrace into a sun-trap retreat with space for dining, lounging, and a second outdoor living zone entirely separate from the main terrace level.
Inside, 75sqm of living space divides across two levels, with both bedrooms served by dedicated bathrooms and the open-plan reception flowing directly onto the terrace through full-width glass doors. The kitchen comes fully equipped and integrated into the living area, while a separate storage room in the underground garage supplements the apartment's built-in wardrobes. Southwest and west aspects flood the interiors with afternoon light, and the corner plot ensures windows on multiple sides. One allocated parking space sits in the secure underground level, and the sale includes all existing furniture down to kitchenware and linens.
Oceana Views sits in Cancelada, a coastal village positioned midway between Estepona and Marbella with its own cluster of independent restaurants and daily-needs shops within 400 metres. The complex surrounds a large communal pool with landscaped sunbathing areas, and the nearest beaches lie 1.8 kilometres south on the A7 coast road. Cancelada's position on the New Golden Mile places Puerto Banús 12 minutes east by car and Estepona's old town 10 minutes west, while Málaga airport sits 55 kilometres along the AP-7. The property holds an active holiday rental licence with documented letting history.
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Features
What this home includes
- Pool
- Terrace
Property details
Specifications
- Property type
- Penthouse
- Subtype
- Penthouse duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Built area
- 75 m²
- Terrace
- 67 m²
- Parking spaces
- 1
- Levels
- 1
- Furniture
- Fully Furnished
- Pool
- Yes
- Orientation
- southwest, west
- Complex
- Oceana Views
- Area
- Cancelada
- City
- Estepona
- Postcode
- 29688
- Province
- Málaga
- Coast
- Costa del Sol
Location
Cancelada, Estepona
Residential complexOceana ViewsMap shows the Oceana Views complex location. Exact unit address provided upon request. This property is in CanceladaEsteponaCosta del Sol.
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.
