Development Plot with Buildability Potential in Estepona
€595,000
€1,158/m²
- 1
- Bedroom
- 1
- Bathroom
- 514 m²
- Interior
- Land
- Type
- 31 Aug 2026
- Listed
The Habio take
This residential plot offers significant development potential in Estepona's Old Town, just steps from the Town Hall. Its prime location makes it ideal for creating residential units or tourist apartments.
- investment
- historic
- city
- renovation
Highlights
- Central location near Town Hall
- Significant development potential
- Close to shops and schools
- Urban and street views
- Possibility for tourist apartments
Worth knowing
- Restoration required before development
- Limited current amenities on-site
Good fit for: Ideal for investors or developers looking for a project in a bustling area.
Lifestyle scores
- Beach
- 50
- Walkable
- 80
- Remote work
- 60
- Family
- 70
- Retirement
- 65
- Airport access
- 70
- Investment
- 85
- Luxury
- 55
- Value
- 75
About this place
This unique investment opportunity is situated in one of the most emblematic areas of Estepona's Old Town. The property includes an old house set on a 132 m² plot, presenting considerable buildability options as you can construct up to four upper floors alongside a ground floor, maximising the space for residential or rental purposes.
The plot allows for 100% occupancy on the ground floor, with 70-90% buildability on the first floor and 70% on the second, third, and fourth floors. Being close to essential amenities such as shops and schools enhances its appeal, making this a prime candidate for a high-value residential project or tourist apartments. Note that the property requires restoration, providing a blank canvas for your vision.
Where you’ll be
Estepona, 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
