Residential Plot For Sale In Estepona
€595,000€1,158/m²
Andalusia, Spain
1
bedroom
1
bathroom
514 m²
interior
Land
property type
1 week ago
listed
About this place
Unique Investment Opportunity in the Old Town Just a few steps from the Town Hall, in one of the most emblematic areas of the Old Town, this outstanding opportunity is available for investors and developers. The property consists of an old house situated on a 132 m² plot, offering significant development potential. There is the possibility to construct a ground floor plus four upper floors (G+4) with the following approximate buildability: Ground floor: 100% plot occupancy. First floor: 70-90% buildability. Second, third and fourth floors: 70% buildability. Its prime location, close to the Town Hall and all essential amenities, makes this property an exceptional opportunity for the development of residential units, tourist apartments, or a high-value residential project. For further information regarding urban planning regulations and development possibilities, please do not hesitate to contact us.Residential Plot, Estepona, Costa del Sol. Garden/Plot 129 m². Setting : Town, Close To Shops, Close To Schools. Orientation : South.Condition : Restoration Required. Views : Urban, Street.Utilities : Electricity, Drinkable Water. Category : Investment.
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
Spain ended its Golden Visa property route in April 2025.
Non-resident mortgages are widely available, typically 60–70% LTV.
Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.
Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
