Two-Bed Penthouse Apartment with Large Terrace in Cancelada
€269,000
€3,128/m²
- 2
- Bedrooms
- 2
- Bathrooms
- 86 m²
- Interior
- Apartment
- Type
- 31 Aug 2026
- Listed
The Habio take
This two-bedroom penthouse offers a spacious 121 m² layout and a large private terrace ideal for entertaining, located in the tranquil area of Cancelada. Just a short drive from Estepona's stunning beaches and Marbella, this property is perfect for those seeking a peaceful retreat with potential for personalisation through renovation.
- beach
- investment
- renovation
- quiet
Highlights
- Large private terrace with barbecue area
- Quiet residential area
- Close to Estepona's beaches
- Potential for high rental yield
- Renovation opportunity to personalise
- Affordable price for the location
Worth knowing
- Complete renovation required
- Car likely needed for daily errands
Good fit for: Ideal for buyers looking to personalise a property in a tranquil area.
Lifestyle scores
- Beach
- 80
- Walkable
- 40
- Remote work
- 60
- Family
- 50
- Retirement
- 70
- Airport access
- 70
- Investment
- 75
- Luxury
- 50
- Value
- 80
About this place
This stunning 121 m² penthouse, situated in the quiet residential area of Cancelada, features an excellent 85 m² living space that benefits from a northeast-east orientation for abundant natural light. The apartment comprises two spacious bedrooms, two bathrooms, and a separate kitchen with an adjoining utility room. The large living-dining room connects seamlessly to a remarkable 36 m² private terrace complete with pergolas and a barbecue area, perfect for enjoying the Mediterranean climate.
This property requires a complete renovation, allowing you to design and personalise every aspect to your liking. Its quiet urban setting is a retreat from city life while being conveniently located just 15 minutes from the bustling towns of Marbella and Estepona. Given its potential for high appreciation after renovation, this apartment is an excellent investment opportunity or ideal as a first home.
Where you’ll be
Cancelada, Andalusia, Spain
Exact location is confirmed by the agent on enquiry.
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
