Penthouse·Ref R5484361

2-Bed Penthouse in Cancelada, Estepona€589,000

€589,000
  • 2 beds
  • 2 baths
  • 122 m² built

About the residence

Sophisticated South-West Facing Penthouse with Panoramic Mediterranean Views:

Welcome to this beautifully upgraded south-west facing penthouse in Oceana Views, Cancelada, where contemporary design, exceptional outdoor living and breathtaking panoramic views combine to create the perfect Mediterranean retreat.

Positioned in one of the New Golden Mile' s most desirable residential communities, this turnkey home enjoys uninterrupted views stretching across the Costa del Sol towards Gibraltar and the North African coastline, creating an ever-changing backdrop from sunrise through to spectacular evening sunsets.

Designed around effortless indoor-outdoor living, the penthouse offers approximately 122 sqm of total private space, comprising of a beautifully designed interior living space of 62 sqm complemented by an exceptional 60 sqm of private terraces and solarium. Every square metre has been carefully considered to maximise light, comfort and the stunning surroundings. Step inside and you' re immediately welcomed by a bright, open-plan living space, where floor-to-ceiling sliding doors flood the apartment with natural light and frame the magnificent views beyond.

At the heart of the home is the brand-new designer kitchen, recently installed and finished in elegant dark wood cabinetry. A striking central island creates the perfect place to cook, entertain or simply enjoy a morning coffee, while premium BORA induction cooking with integrated extractor and fully integrated Siemens appliances provide both style and performance. The living area flows seamlessly onto the expansive south-west facing terrace, creating a wonderful extension of the home. Whether you' re enjoying breakfast in the morning sun, hosting friends for dinner or relaxing with a glass of wine as the sun disappears behind Gibraltar, this is a space designed to be enjoyed throughout the year.

A feature staircase leads to the private rooftop solarium, offering a second outdoor living area that truly sets this penthouse apart. Newly retiled and beautifully presented, it provides complete privacy together with uninterrupted panoramic views across the Mediterranean coastline, Gibraltar and, on clear days, the mountains of North Africa. Whether you choose to create an outdoor lounge, dining area or simply enjoy the sunshine, it' s an exceptional space for embracing the Costa del Sol lifestyle.

The accommodation comprises two spacious double bedrooms, both benefiting from contemporary en-suite bathrooms and built-in wardrobes. The principal suite offers a calm and elegant retreat, while the second bedroom provides equally comfortable accommodation for family or guests.

The property also includes a private underground parking space and a secure storage room, ensuring practicality matches the luxurious surroundings.

Resort-Style Living:

Residents of Oceana Views enjoy access to beautifully maintained communal gardens, a stunning swimming pool and a fully equipped gym, creating a relaxed resort-style atmosphere throughout the year.

Despite its peaceful elevated setting, everyday convenience is never far away. The charming village of Cancelada is just a 10-minute walk from the property, where you' ll find a wonderful selection of cafés, restaurants, bars, supermarkets and local shops. The beaches of the New Golden Mile are only a short drive away, while Puerto Banús can be reached in approximately 15 minutes, placing world-class dining, designer boutiques and vibrant nightlife within easy reach.

A Home That Also Makes Financial Sense:

Alongside its appeal as a stylish permanent residence or luxurious holiday home, the property also represents an excellent investment opportunity. Short-term holiday rentals are permitted within the community, and the property has already been submitted for consideration for a tourist licence at the next Annual General Meeting, making it an attractive option for buyers seeking both lifestyle and rental potential. With its brand-new designer kitchen, newly tiled terrace and rooftop solarium, spectacular panoramic sea views and exceptional outdoor living space, this is a rare opportunity to own a contemporary penthouse in one of the New Golden Mile' s most sought-after developments.

Features

Specification

Orientation
South West, West
Condition
Excellent, Resale
Pool
Communal
Views
Sea, Mountain, Beach +1
Furniture
Optional
Parking
Underground, Garage +1
Security
Gated Complex, Electric Blinds +3
Climate
Air conditioning

Highlights

  • Gym
  • Lift
  • Solarium
  • Private Terrace
  • Garage

Highlights continued

  • 24 Hour Security
  • Fitted Wardrobes
  • Double Glazing
  • Storage Room
  • Country

Setting

  • Country
  • Village
  • Close To Golf
  • Close To Shops
  • Close To Sea
  • Close To Town
  • Close To Schools
  • Urbanisation

Views

  • Sea
  • Mountain
  • Beach
  • Panoramic

Interior

  • Lift
  • Fitted Wardrobes
  • Gym
  • Storage Room
  • Double Glazing
  • Fully Fitted

Exterior

  • Private Terrace
  • Solarium

Pool

  • Communal

Parking

  • Underground
  • Garage
  • Private

Climate Control

  • Air Conditioning
  • Hot A/C
  • Cold A/C

Security

  • Gated Complex
  • Electric Blinds
  • Entry Phone
  • Alarm System
  • 24 Hour Security

Utilities

  • Satellite TV
  • Electricity
  • Drinkable Water

Furniture

  • Optional

Condition

  • Excellent
  • Resale

Orientation

  • South West
  • West

Category

  • Luxury

Features

  • WiFi

Location

This residence sits within Cancelada, Estepona. The map outlines the area — the exact address is shared with qualified buyers once we've spoken.

The numbers

The numbers on this home.

A working estimate of purchase costs and mortgage payments for this residence. All values indicative — we'll walk you through the exact figures for your situation.

Spanish mortgages are denominated in euros

Purchase costs

Transfer tax (ITP, 7%)
€41,230
Notary & land registry (≈0.75%)
€4,418
Legal fees (1% + VAT)
€7,127
Purchase costs (~10–12%) details
€52,774

Good to know

Purchase costs are payable on completion, in addition to the price. Resale homes carry transfer tax; new builds carry VAT and stamp duty. Notary, registry and legal fees apply either way — and a mortgage adds an arrangement fee of roughly 1.5% of the loan.

Guide only — figures are indicative and vary with the individual transaction and lender. We'll walk you through the exact costs for this residence.

Mortgage

€176,700

Minimum 30% for non-residents

Maximum term depends on your age — typically the mortgage must end by age 75.

3.20%

Variable rate (Euribor + margin) — currently around 3.2% via our mortgage partner.

Deposit
€176,700
Loan amount
€412,300
Arrangement fee (1.5% of loan)
€6,185
Monthly payment
€1,998

Total cash required

€235,659

Monthly payment

€1,998

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