For sale · Costa del Sol · Estepona
Available4-Bed Penthouse for Sale in Cancelada, Estepona
Gated community
€1,250,000
4 beds · 3.5 baths · 171 m² built
Ref HT5534626Updated daily · Last sync 5 November 2026
About this property
Overview
Four-bedroom penthouse with sea views in Cancelada, Costa del Sol. This top-floor residence spans 171 square metres of interior space complemented by 128 square metres of terrace, creating an elevated vantage point where the Mediterranean coastline stretches across the horizon. Built in 2025, the property delivers contemporary architecture with an open-plan living area that connects directly to the outdoor spaces through floor-to-ceiling glass.
The interior accommodates four bedrooms and three full bathrooms plus a guest toilet, with the main living zone featuring an open-concept kitchen fitted with a central island. The layout separates sleeping quarters across two levels, providing privacy whilst maintaining the flow of natural light throughout. A dedicated parking space and storage room are included, and residents have access to multiple outdoor swimming pools, an indoor heated pool, and spa facilities within the gated community. The terraces wrap around the upper floor, offering multiple aspects for morning coffee or evening entertaining against the sea view backdrop.
The property sits in the Bel Air area of Cancelada, positioned a short walk from the beaches of Costalita. Several championship golf courses lie within a five-minute drive, whilst the commercial centre of San Pedro de Alcántara is 3 kilometres east along the coastal road. The location places daily amenities, beachfront chiringuitos, and the AP-7 motorway all within easy reach of the development gates.
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Features
What this home includes
- Pool
- Sea view
- Terrace
Property details
Specifications
- Property type
- Penthouse
- Subtype
- Penthouse
- Bedrooms
- 4
- Bathrooms
- 3.5
- Built area
- 171 m²
- Terrace
- 128 m²
- Parking spaces
- 1
- Levels
- 2
- Year built
- 2025
- Condition
- Excellent
- Furniture
- Not Furnished
- Pool
- Yes
- Gated community
- Yes
- Sea view
- Yes
- Energy rating
- B
- CO₂ rating
- B
- Area
- Cancelada
- City
- Estepona
- Postcode
- 29688
- Province
- Málaga
- Coast
- Costa del Sol
Location
Cancelada, Estepona
Map shows the approximate Cancelada, Estepona area. Exact address provided upon request. This property is in CanceladaEsteponaCosta del Sol.
Playa del Sol Villacana
5 mindrive
Flamingos Golf
5 mindrive
Puerto Deportivo José Banus
13 mindrive
Hospital Hospiten de Estepona
5 mindrive
San Pedro Alcántara
11 mindrive
Málaga Airport (AGP)
64 mindrive
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.
