2 Bedroom Top Floor Apartment For Sale In Cancelada
€269,000€3,128/m²
Andalusia, Spain
2
bedrooms
2
bathrooms
86 m²
interior
Apartment
property type
1 week ago
listed
About this place
PENTHOUSE WITH VIEWS BETWEEN MARBELLA AND ESTEPONA! Discover this stunning 121 m² penthouse with a terrace located in Cancelada, a quiet residential area just a 5-minute drive from Estepona's best beaches and prestigious hotels. A perfect opportunity to design your dream home from scratch. The property boasts 85 m² of living space in an excellent layout that maximizes natural light thanks to its northeast-east orientation. It comprises 2 spacious bedrooms, 2 bathrooms, a separate kitchen with an adjoining utility room (west-facing), and a large living-dining room that connects to a jewel of the property: a 36 m² private terrace equipped with pergolas and a barbecue area, ideal for enjoying the Mediterranean climate. The property requires a complete renovation (kitchen, flooring, doors, tiling), allowing you to personalize every detail to your taste. Located in a quiet urban area, away from the hustle and bustle of big cities but only 15 minutes from Marbella and Estepona. An unbeatable investment with great potential for appreciation. Come and see it and start planning your new life! This property represents an excellent buying opportunity below the area's market price, guaranteeing a high appreciation margin after renovation. Ideal as a first home or a high-yield investment. In compliance with Decree 218/2005, of October 11, of the Regional Government of Andalusia, the client is informed that notary, registration, and property transfer tax (ITP) expenses are not included in the price. Real estate brokerage fees are included. The consumer has the right to receive a copy of the Abbreviated Information Document (DIA) for the property.
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
