For sale · Costa del Sol · Estepona
Available3-Bed Penthouse for Sale in El Paraíso, Estepona
Gated community
€547,000
3 beds · 2 baths · 131 m² built
Ref HT5486713Updated daily · Last sync 21 October 2026
About this property
Overview
Three-bedroom penthouse with private pool in El Paraíso, Costa del Sol. This fully renovated top-floor residence features a generous southwest-facing terrace that captures afternoon sun and extends the 131sqm interior into an outdoor living space. The open-plan design flows from kitchen to living areas without interruption, creating sightlines across the entire property.
The accommodation includes three bedrooms and two bathrooms, all reconfigured during a complete renovation that addressed waterproofing, electrical systems and plumbing throughout. The master suite occupies one wing, whilst two additional bedrooms currently function as office space but convert easily to guest rooms. The kitchen integrates with the dining and lounge areas under a single roofline, with direct terrace access from multiple points. The property comes fully furnished to a Scandinavian-influenced specification, with clean lines and natural materials carried through every room. A tourist licence accompanies the sale, permitting short-term rental income.
El Paraíso sits equidistant between Marbella and Estepona, with the gated community offering a shared pool and secure entry. The penthouse stands within walking distance of SuperCor, Mercadona and Lidl supermarkets, plus local restaurants and a pharmacy. Regular bus services connect to both coastal towns, whilst international schools operate 10 minutes inland. The beach lies 2.5 kilometres south via the A-7 coastal road, accessible in under five minutes by car.
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Features
What this home includes
- Mountain view
- Pool view
- Barbecue
- Air conditioning
- Double glazing
- Fitted kitchen
- Furnished
- Fibre internet
- Close to golf
- Close to schools
- Close to the sea
- Close to town
- Urbanisation
Property details
Specifications
- Property type
- Penthouse
- Subtype
- Penthouse
- Bedrooms
- 3
- Bathrooms
- 2
- Built area
- 131 m²
- Pool
- Yes
- Gated community
- Yes
- Orientation
- South West, West
- Area
- El Paraíso
- City
- Estepona
- Province
- Málaga
- Coast
- Costa del Sol
Location
El Paraíso, Estepona
Map shows the approximate El Paraíso, Estepona area. Exact address provided upon request. This property is in El ParaísoEsteponaCosta del Sol.
Nearest beach
9 mindrive
El Paraíso Golf Club
1 mindrive
Puerto Deportivo José Banus
13 mindrive
Hospital Hospiten de Estepona
8 mindrive
San Pedro Alcántara
11 mindrive
Málaga Airport (AGP)
64 mindrive
9 questions answered
Buying this penthouse in El Paraíso
Can foreigners buy property in El Paraíso?
Yes. Spain places no restrictions on foreign buyers, EU and non-EU citizens can purchase freely in El Paraíso. 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 El Paraíso?
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.
