Three-Bed Penthouse with Renovation Potential in Estepona
€595,000
€4,343/m²
- 3
- Bedrooms
- 2
- Bathrooms
- 137 m²
- Interior
- Penthouse
- Type
- 5 days ago
- Listed
The Habio take
This spacious three-bedroom penthouse in the heart of Estepona offers exciting renovation potential, ideal for creating a stylish home or lucrative holiday rental. Located in one of the Costa del Sol's most desirable areas, you'll enjoy easy access to the vibrant old town, restaurants, and the beach.
- investment
- beach
- walkable
- city
- family
Highlights
- Spacious interior of 149 m²
- Central Estepona location
- Potential to convert to 4-bedroom layout
- Community approved for tourist rental use
- Close to shops and the beach
- Opportunity for personalised renovation
Good fit for: Ideal for investors or families seeking a central location with renovation opportunities.
Lifestyle scores
- Beach
- 90
- Walkable
- 85
- Remote work
- 70
- Family
- 80
- Retirement
- 75
- Airport access
- 80
- Investment
- 85
- Luxury
- 65
- Value
- 70
About this place
This exceptional three-bedroom, two-bathroom penthouse is situated in the very centre of Estepona, boasting 149 m² of built area. It offers ample space for family living or as an attractive holiday rental investment, benefitting from community approval for tourist rental use.
One of the key highlights is the potential to further enhance the property with additional features. Subject to necessary planning permissions and community approvals, there is an opportunity to create an additional terrace and convert the layout into a four-bedroom, three-bathroom residence.
Estepona is celebrated for its charming old town and vibrant atmosphere, making this property a smart investment opportunity in a prime location. Enjoy walking distance to restaurants, cafés, shops, and the picturesque Mediterranean promenade. This penthouse is perfect for someone looking to personalise their living space while capitalising on the property’s investment potential.
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
