Prime Development Opportunity: Six-Story Building in Central Estepona

Presenting a rare opportunity to acquire and develop a six-story residential building in the vibrant center of Estepona. The project includes six spacious apartments of approximately 85m² each, topped with a rooftop terrace featuring a swimming pool and sweeping views of Estepona’s charming streets and the nearby Mediterranean Sea—just a stone’s throw away.

Perfectly positioned on the second line from the beach, the property is only 50 meters from the seafront and 400 meters from Estepona’s historic Old Town.

All essentials for the project are in place: approved plans, architectural design, cost estimates, and a development license. The estimated construction timeline is 12 months, with projected costs around €990,000, including architectural and legal fees.

This development presents a compelling investment case, offering a projected IRR of 31% on individual unit sales or a 10% annual yield on rental income.

Estepona is a dynamic, family-friendly coastal city with a booming tourism industry, an array of beachside activities, and a scenic bike path that runs along the coastline past the marina and Laguna Village. With quick access to the fishing port, a lively cultural scene, and Málaga Airport less than an hour away, this is a standout opportunity for developers and investors seeking strong returns in one of Costa del Sol’s most desirable locations.