Description

Grupo Ibercosta is proud to present this exceptional real estate opportunity located in one of the most vibrant and sought-after areas of Southern Spain. This meticulously refurbished one-bedroom penthouse is situated on the top floor of a traditional building right in the urban soul of Estepona. Known as the "Garden of the Costa del Sol," Estepona has become a premier destination for international investors and lifestyle seekers alike, offering a perfect blend of Andalusian charm and modern infrastructure.

This property represents the pinnacle of urban convenience. For those who value a walkable lifestyle where the car becomes unnecessary, this apartment is a rare find. Every essential service, from boutique shops to local markets, is just a few steps away, ensuring that residents can fully immerse themselves in the Mediterranean pace of life. Whether you are looking for a turnkey investment or a personal coastal retreat, this property delivers on all fronts.

The interior of the apartment has undergone an extensive and high-quality refurbishment, transforming it into a contemporary sanctuary. Despite its compact footprint of 44 usable square meters, the intelligent architectural layout maximizes every inch of space. The living area is bathed in natural light, creating a bright and airy atmosphere that flows seamlessly into the fully fitted, modern kitchen. High-end finishes and a neutral color palette give the entire property a clean, sophisticated feel that appeals to modern tastes.

The separate bedroom offers a peaceful environment for rest, complemented by a contemporary shower room finished with stylish tiling and high-quality fixtures. The attention to detail in the renovation ensures that the property is low-maintenance, a crucial factor for any savvy investor. This is a "lock-up-and-go" property in its truest sense, designed for efficiency without compromising on comfort or style.

One of the most significant advantages of this penthouse is its proven track record as a rental asset. The property currently holds a valid tourist license, a highly valuable commodity in Estepona where regulations on short-term rentals are becoming increasingly strict. Historically, the apartment has performed exceptionally well on the short-term rental market, attracting tourists who seek the convenience of a central location near the beach.

Currently, the property is occupied by a long-term tenant, providing the new owner with immediate rental income from the very first day of ownership. However, flexibility remains a key feature: the property can also be sold vacant for those who wish to occupy it personally or transition it back into the lucrative short-term holiday market. This versatility makes it a standout choice for anyone looking to diversify their portfolio in the Spanish real estate market.

The location is, without question, the property’s greatest asset. Situated in the historical center of Estepona, you are just a stone's throw from iconic local landmarks such as Plaza Ortiz and the renowned restaurant El Alma de Miguel. The area is a culinary hotspot, surrounded by a diverse array of tapas bars, fine dining establishments, and cozy cafés. For daily needs, a major Mercadona supermarket is within easy reach, alongside pharmacies, banks, and local boutiques.

Furthermore, the Mediterranean Sea is almost at your doorstep. A short, three-minute stroll takes you to the pristine sands of Playa de la Rada and the expansive seaside promenade. Here, you can enjoy sunbathing, water sports, or long walks along the coast. Estepona’s strategic position in Southern Spain also means you are perfectly placed to explore nearby Marbella, the luxury of Puerto Banús, or the scenic white villages of the Sierra Bermeja mountains.

While the property does not feature an elevator, allocated parking, or a private terrace, these factors are reflected in the competitive pricing and low community fees. In a location this central, where the beach and public plazas serve as your extended living room, the lack of a terrace is rarely felt. Most residents and guests find that the vibrant street life and the proximity to the sea more than compensate for these traditional features.

At Grupo Ibercosta, we believe this penthouse is a solid, low-risk investment in a market that continues to show strong capital appreciation. Estepona is no longer just a hidden gem; it is a world-class destination. This property offers the chance to own a piece of it. Contact our team today to arrange a viewing or to receive further financial details regarding the rental yields of this impressive top-floor apartment.