For sale · Costa del Sol · Estepona
Available3-Bed Penthouse for Sale in New Golden Mile, Estepona
€995,000
3 beds · 2 baths · 193 m² built
Ref HT5498830Updated daily · Last sync 14 November 2026
About this property
Overview
Three-bedroom penthouse with private pool in New Golden Mile, Costa del Sol. The 193-square-metre layout spans the entire top floor, delivering uninterrupted light across open-plan living spaces and a master suite fitted with a walk-in wardrobe. The private solarium extends the usable area beyond the main terrace, creating two distinct outdoor zones for year-round use.
Inside, underfloor heating runs throughout the apartment and pairs with individual air conditioning controlled through an Airzone system, allowing separate climate settings in each room. The kitchen is equipped with Bosch appliances and integrates with the dining area through a single sightline. Both bathrooms have been fully renovated with contemporary fittings, and the apartment comes fully furnished to move-in or rental standard. A tourist licence accompanies the sale and transfers directly to the new owner, enabling immediate short-term letting income.
The penthouse sits within El Presidente, a beachside urbanisation positioned midway between Marbella and Estepona on the New Golden Mile. Playa del Saladillo lies 400 metres to the south, reachable on foot in under five minutes. Puerto Banús marina is a seven-minute drive east, while Estepona town centre sits ten minutes west along the A-7 coastal road.
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Features
What this home includes
- Heated pool
- Pool view
- Solarium
- Air conditioning
- Underfloor heating
- Double glazing
- Ensuite bathroom
- Fitted kitchen
- Fitted wardrobes
- Furnished
- Fibre internet
- Beachside
- Close to golf
- Close to schools
- Close to the sea
- Close to town
- Near public transport
- Urbanisation
Property details
Specifications
- Property type
- Penthouse
- Subtype
- Penthouse
- Bedrooms
- 3
- Bathrooms
- 2
- Built area
- 193 m²
- Levels
- 2
- Year built
- 1989
- Condition
- Excellent
- Furniture
- Fully Furnished
- Pool
- Yes
- Orientation
- East, South East, South
- Energy rating
- E
- CO₂ rating
- E
- Area
- New Golden Mile
- City
- Estepona
- Postcode
- 29688
- Province
- Málaga
- Coast
- Costa del Sol
Location
New Golden Mile, Estepona
Map shows the approximate New Golden Mile, Estepona area. Exact address provided upon request. This property is in New Golden MileEsteponaCosta del Sol.
Playa de Guadalmansa
7 mindrive
Flamingos Golf
5 mindrive
Puerto Deportivo José Banus
14 mindrive
Hospital Hospiten de Estepona
6 mindrive
San Pedro Alcántara
12 mindrive
Málaga Airport (AGP)
65 mindrive
9 questions answered
Buying this penthouse in New Golden Mile
Can foreigners buy property in New Golden Mile?
Yes. Spain places no restrictions on foreign buyers, EU and non-EU citizens can purchase freely in New Golden Mile. 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 New Golden Mile?
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.
