Top 6 new complexes in Estepona

In early 2021, the Spanish real estate market began a gradual recovery: people are waiting for vaccination, and investors are considering plans for the upcoming season.

For this article, we chose Estepona, which is considered one of the most promising destinations for buying housing — not only on the Costa del Sol, but throughout Spain.

Unlike neighboring Marbella, there is still plenty of free land for development and options for any budget. This is especially true for complexes being built right now: you can still choose a suitable layout and get installment payments until construction is completed. You can book an apartment even after a remote video viewing, which our colleagues on the Costa del Sol organize. This format is becoming more and more in demand every day.

In total, we have more than 200 new construction projects in this location. In this review, we selected six complexes that are worth paying attention to in 2021. Let’s go!

1. The Sapphire on the first line of the beach

Let’s start with the most expensive complex on our list — in descending order of price. The Sapphire residential complex is located in one of the most prestigious areas of Estepona, on the first line of the sea, within walking distance of the marina and city center. From here you can easily reach Puerto Banus, Marbella, as well as the airports of Malaga and Gibraltar by public transport.

The complex has everything that investors value Estepona for: a combination of rich cultural heritage and traditional color of an old fishing village, many golf courses in the area (more than 10 golf resorts), quality service and entertainment for every taste. The infrastructure is created so that owners can escape from everyday life, relax after a hard day and take care of body and soul. Residents have access to outdoor and indoor pools operating year-round, SPA and a fully equipped gym. The terrace offers a view of the Mediterranean Sea. In addition, the urbanization has direct access to the beach (less than 50 meters).

The Sapphire consists of 14 apartments and penthouses with excellent finishes. Construction begins in April-May 2021. First-floor apartments have two bedrooms, two bathrooms, 87.90 m² of living space and a 36 m² terrace. Prices start from €670,000. All materials are of the highest quality. Purchasing such an apartment gives the owner the right to obtain an investor’s “Golden Visa”.

• Seafront
• Sea view
• Total area from 123 m² to 468 m²
• Price range €670,000 – €3,500,000

Advantages: The obvious plus is the first line of the sea, which is rare on the market. Usually the first lines of the coast in Spain are already built up, and only isolated new buildings offer such an option. It is from this complex that the promenade begins, connecting Estepona and Marbella.

The minimum cost of real estate here is €670,000. This is enough to obtain a “Golden Investor Visa” for the whole family. At the current stage, only booking and an initial deposit of 20% are required. During construction, buyers pay only 30% of the cost, and the remainder after construction is completed.

First-line real estate is in high demand — it sells easily and is always in demand for rent. Such real estate is chosen primarily for vacation. If desired, you can invest in such an object and get a good income from renting apartments of this level. In high season, rent costs about €2,500 per week.

The complex is being built at the very beginning of Estepona from the Gibraltar side, that is, in the western part of the city, a 20-minute walk from the port. Actually, the city promenade begins from here. This guarantees the absence of crowds under the windows. You come out — and the promenade begins right at your doorstep. No one will come to The Sapphire specifically, so you will feel this section of the beach as your own. Perhaps only in August there may be more tourists than usual.

This place is ideal for those who are looking for housing by the sea but value privacy. Such an option is not easy to find, and that’s exactly why the complex is so valuable. Just 5 minutes walk to school, shopping center, pharmacy, restaurants and bars, hotel, SPA, tennis court and much more. And, of course, the views: the Mediterranean Sea, Africa and the Strait of Gibraltar. Construction begins in May 2021, completion in spring 2023.

2. Private villas Valle Romano Green

The next option also belongs to the luxury real estate segment. The complex consists of eight villas, masterfully integrated into the surrounding landscape. The urbanization is surrounded by gardens and golf courses, and also opens a stunning view of the mountains. Distance to the sea is 1200 meters.

The villas are two-story: living-dining room and three bedrooms. Each bedroom has its own bathroom and access to a covered terrace, which not only opens panoramic Mediterranean views, but also visually expands the space through the exterior. The architectural solution of the interior spaces is functional: a balance is maintained between large open areas visually connected to each other and private spaces.

Each villa has its own pool. According to the developer, the villas are designed taking into account the latest energy efficiency requirements — minimum harmful emissions and reduced utility costs.

Living area is 142.70 m², terraces are 121.40 m², plots are about 495 m². The cost of villas is €668,000, and this investment also gives the right to a “Golden Visa”.

• 3 bedrooms / 3 bathrooms
• Villa area – 142 m²
• Terrace – 121 m²
• Plot – 495 m²
• Price – € 668,000

Advantages: The combination of ideal location and modern design are the main advantages of the project. In addition, Valle Romano Green is practically the only option for a house with a plot and sea view in Estepona in 2021. In high season, the villa can be rented to tourists for €5,000 per month.

The villas are 50% ready. They are located on a hill, one above the other. Only eight villas in total, and only two remain for sale — we recommend hurrying. Everything around Valle Romano Green is new, the infrastructure is being created specifically for this complex, the territory is fenced and guarded — really high level of security. There are schools nearby, which makes the place suitable both for vacation and permanent residence. After construction is completed, the property can be resold 20% more expensive. The area is very popular among golf lovers — there are many courses around. The villa can be rented to golfers for 1,500–2,000 euros per week year-round. In high season — even more expensive. And again: these villas fall under the “Golden Visa” program.

3. South Bay – bungalows for families with children

Let’s leave the “Golden Visa” category objects and move on to mid-budget options. The new South Bay complex is located just three minutes from the sports center, 10 minutes from the port of Estepona, 20 minutes from Marbella and 50 minutes from Malaga airport. Distance to the sea is 750 meters. Within walking distance are several supermarkets and pharmacies. The complex has two pools (for adults and children) and a gym. Each apartment has covered and/or open terraces. One parking space per apartment is included in the price.

The third phase is currently being built: 77 bungalows (apartments with neighbors above or to the side), divided into five blocks. To choose from are options with two, three and four bedrooms. Depending on the floor, area (77–105 m²) and terraces, prices for bungalows range from €262,000 to €396,000.

• 2 bedrooms / 3 bathrooms
• Area – from 77 m²
• Terraces from 56 m²
• 750 meters from the sea
• Price – from €262,000

Advantages: A park is located in front of the complex, and nothing will ever be built in front of the windows. Some bungalows offer sea views. Nearby are the sea, yacht marina and city center. School and kindergarten are also at hand — an ideal option for relocation.

The bungalows are also located on a hill — typical for Costa del Sol location for sea views. The South Bay complex offers completely new infrastructure: separate entrances and exits for residents and a high level of security. In the neighboring park is a huge sports complex with SPA, yoga, pilates and boxing. Nearby are a school and kindergarten.

The area is called Las Mesas — an ideal place for families with children of any age. The school accepts students from three to seventeen years old — a complete educational cycle. The school is public and free. To the sea is a 10-minute walk. The third phase of the complex is currently being built, delivery is spring 2022.

4. Lots of light and south-facing windows

At number four, we present a new elegant apartment complex in the Estepona area. This is a gated urbanization (currently under construction) with a successful location surrounded by mountains and gardens, 1200 meters from the sea. Nearby is a green golf course, so the area is popular among golfers. All apartments offer sea views.

The complex is conveniently located near the AP-7 highway, which connects the area with Marbella (10 minutes by car) and Malaga airport (45 minutes). In the area are a marina, golf resorts, educational, medical and leisure centers, beautiful beaches and the best gastronomy on the Costa del Sol.

The urbanization includes 115 spacious apartments and penthouses with 2–4 bedrooms, parking, storage rooms, spacious terraces and private gardens for first-floor apartments. The houses are designed according to the “open space” principle, south orientation ensures plenty of light and air in each apartment.

The complex has two pools, a gym and a social club surrounded by lawns and flower beds. For sale are 4 first-floor apartments: 2 bedrooms, 2 bathrooms, living area from 84.30 m² to 103.50 m², terraces from 38 m² to 69 m². Prices range from €231,000 to €256,500.

• 2 bedrooms / 2 bathrooms
• Apartment area from 84.30 m²
• Terraces from 38 m²
• 1.2 km to the sea
• Price – from €231,000

Advantages: Apartments in this complex are distinguished by spacious layouts and plenty of light. Parking space and terrace are included in the price. All main attractions (beach, center of Estepona, schools, golf resorts) can be reached in 5–10 minutes. 70% of the cost is paid after construction is completed.

Construction begins in May 2021, delivery is planned for spring 2023. Interesting point — you can pay gradually. The first 30% of the cost is paid within eight months, and the remaining 70% only after delivery. So these apartments are suitable for those who want to get an interest-free purchase without haste. To the beach is 3–4 minutes by car. The center of Estepona is also nearby. The complex is ideal both for permanent residence and for rental. Nearby are a business school and golf academy, which ensures year-round rental.

The apartments are located so that each has its own terrace. Underground parking space is included in the price. From the parking, an elevator delivers directly to the apartment.

5. Amphora Beach – green gardens and futuristic design

Another excellent option for investment on the Costa del Sol this year is the under-construction Amphora Beach complex in Manilva, a suburb of Estepona on the “New Golden Mile”. Here too, all apartments offer sea views.

To choose from are apartments with two and three bedrooms, located in a complex with gardens and parking. Sea, nature and more than 300 sunny days a year are combined in a residential complex with an area of about 14,000 m². “Discover a corner of tranquility and harmony by the sea on the New Golden Mile. The sea will become your main neighbor in the new complex,” says the advertisement.

• 2 bedrooms / 2 bathrooms
• Area – from 86 m²
• Terraces from 25 m²
• 200 meters to the sea
• Price – from €181,000

Advantages: The location is removed from the “big city”, which emphasizes the quiet and proximity to the sea. Suitable both for vacation and permanent residence. Great price! Nearby is an international school for school-age children.

Sales started a couple of months ago, and construction starts in summer. So you can still get profit from the investment. The house will be delivered in summer 2023 along with a road being built specifically for it — after which the apartment can be sold significantly more expensive. This is the second phase of construction, the first is completely sold out, and demand remains high.

The complex will have a large common area with a pool and barbecue area. To the beach is only 200 meters, nearby is a good selection of bars and restaurants. There is a medical center. Sea views open even from the lower floors, as the house is being built on a hill. Once again: this is an excellent option for investment right now, before construction begins. This is exactly the corner of tranquility by the sea that everyone is looking for — the apartment can be rented weekly and daily. If you are planning to relocate with your family, then 15 minutes away, in Sotogrande, there is a prestigious international college with many English-speaking children. The school bus stops right at the Amphora Beach complex.

6. Best value for money – Ventura

The last option on our list, like the previous three, is marked in the catalog with a “budget” badge. Perhaps this is exactly where you can find the best value for money on the entire Costa del Sol in 2021.

The Ventura complex is located in the very center of Estepona, on the second line of the sea. The apartments are equipped with advanced technologies: hydromassage showers, LED lighting and other details that make this project one of the most modern in interior design.

Apartments offer 2 bedrooms and 1 bathroom. Living area is from 51 m², prices from €180,000. Now there is also the opportunity to purchase commercial real estate on the first floor at the developer’s price.

• 2 bedrooms / 1 bathroom
• Area from 51 m²
• 160 meters from the sea
• Price – from €180,000

Advantages: The location is ideal! Near the center and beach. Best value for money. Opportunity to invest in commercial space.

Ventura’s location is unique: the complex is being built on the main shopping street of Estepona — calle Real. In other words, this is both a business center and second line of the sea. Moreover, if you buy an apartment on the first floor, you can also purchase commercial space — rent it for at least 5 years with 8–10% profitability without investing in furniture or anything else. In general, the price of €180,000 for real estate in such a location is an almost impossible find.

7. Conclusion

Buying new construction in Spain has always been considered a more profitable investment than purchasing secondary housing. With the onset of the coronavirus pandemic, this trend has only intensified: it is expected that in the coming years there may be a shortage of new housing on the local market. The reason is the reduction in the number of construction permits issued. At the same time, demand for new buildings remains stable, construction costs have risen, which will soon be reflected in prices.

That is why we recommend our clients to think about buying at the very beginning of sales — while the project is still under construction. This way you get a lower price, better choice and the opportunity to pay in installments. Don’t forget that owning real estate in Spain is grounds for obtaining a residence permit, which means permission to enter the country even during closed borders.