INVESTMENT OPPORTUNITY – HOUSE WITH POTENTIAL FOR 4 APARTMENTS IN ESTEPONA
Property for sale at a reduced price due to special conditions: the owner, 92 years old and in delicate health, retains a lifetime usufruct only on the ground floor, where she currently resides.
This allows buyers to refurbish and exploit the upper floor immediately, with the possibility of converting it into two independent apartments, while securing full availability of the ground floor in the future.
Surface:
Plot: 121 m²
Construction: 223 m² distributed over two floors
Rooftop: 121 m², with potential to create a solarium, communal area
Current state:
Ground floor (usufruct): old but habitable property, currently occupied
Upper floor (available): requires renovation, with potential to be divided into two apartments
Development potential:
The property, with a single deed, can be reorganized into up to 4 independent apartments (two on the ground floor and two on the upper floor).
Estimated rental income: at least €1,100/month per apartment → more than €4,000/month once the project is completed.
Prime location:
Located in the heart of Estepona, just a few minutes’ walk from La Rada beach and the Old Town, surrounded by shops, restaurants, services and leisure. One of the most sought-after areas of the Costa del Sol, ideal for both long-term and holiday rentals. With over 300 days of sunshine per year, the rooftop becomes the perfect outdoor living space.
Investor advantages:
Reduced price thanks to partial usufruct
Immediate rental potential by refurbishing the upper floor
Single deed and single property tax (IBI)
Spacious rooftop for communal or leisure use
Strong demand in Estepona centre
Conclusion:
A unique property, partly under usufruct but partly free to exploit today. An excellent opportunity for investors seeking immediate income and strong medium-term capital appreciation.



























Contact us
Similar Properties
Schedule a
Viewing
Book Now
A RARE SINGLE-LEVEL PENTHOUSE IN CENTRAL ESTEPONA: A LARGE FAMILY HOME, TWO SEPARATE RESIDENCES, OR A STRONG LONG-TERM RENTAL INVESTMENT!!! Right in the centre of Estepona, a short walk from the Old Town and the Mediterranean seafront, this six-bedroom, three-bathroom penthouse is a rare find on the Costa del Sol. It has the space of a villa and the convenience of town living. You can live in it, rent it out, or do both. A view you’ll live with every day The penthouse looks directly over the Estepona Orchidarium, one of the town’s best-known landmarks. From home you see its greenery, pathways and seasonal colour, with the mountains behind. It’s a view that changes through the year. Space on one level Everything is on a single floor: 6 bedrooms and 3 bathrooms 4 private terraces An entrance hall, living room, kitchen, laundry room and dressing room One home or two: the choice is yours An architect has already drawn up a proposal to divide the penthouse into two independent three-bedroom, two-bathroom residences. Each would have its own kitchen, living and dining areas, and private outdoor space: Residence North: the larger of the two, with three terraces, a new private entrance and open, flowing living spaces. Residence South: an efficient layout with the original entrance, a terrace and a particularly generous main bedroom. Neither one is the “lesser” unit. Each is a complete home in its own right. A smart opportunity for investors Long-term rentals are a very attractive business in central Estepona. Tenants want homes within walking distance of the beach, shops, restaurants, schools and services, and this address offers all of that on foot. Because the town is lively all year, demand doesn’t stop when summer ends. That opens up several ways to invest: Two rental units: once divided (subject to approvals), rent both three-bedroom apartments and collect two separate incomes. Live in one, rent the other: make one residence your home and let the second one cover your costs. One large rental home: let the full six-bedroom penthouse to a family looking for space in the centre of town. Since a full renovation is needed, you can modernise to a standard that attracts quality tenants and supports strong rents. A solid base for your vision The inspection report found no structural defects or significant damage that would compromise the proposed works. You start with established space in a prime location, not a blank shell. Life in a real Spanish town Estepona doesn’t close after summer. It’s a working town all year, with cafés, restaurants, independent shops, markets and the seafront promenade, all within walking distance. That’s why people choose to live here, and why tenants want to rent here. Whether you’re looking for a family home or a solid income-producing investment, this penthouse offers both. Contact us today to arrange a private viewing.
Schedule a
Viewing
Book Now
This newly renovated apartment is located in the exclusive Hotel and Spa Bluebay Paraíso Beach complex, a place offering all the amenities and services of a luxury resort. Enjoy exceptional facilities such as the swimming pool, restaurants, private beach, and other premium amenities, all at your fingertips. With a total area of 180 m², oriented from north to south, this property is situated on the first floor of a building with an elevator. It is divided into two separate apartments, offering versatility and privacy. The first unit features 3 bedrooms, 2 bathrooms, a spacious living room with excellent natural lighting, and is fully furnished and tastefully decorated. The kitchen, equipped with high-end Bosch appliances, is fully stocked, and from the living room, you can access a balcony and a south-facing terrace with stunning views. The second unit includes 2 bedrooms and 2 bathrooms, a bright and modern living room with access to a sunny terrace that also offers beautiful views. Like the first unit, it is fully furnished, and the kitchen is equipped with Bosch appliances. This property, with two separate units and a total of 5 bedrooms, is perfectly designed for generating income through short-term rentals since it has a first occupancy license and a tourist license, making it an excellent investment opportunity. Just 3 minutes on foot from the beach, and with easy access to shopping centers, hospitals, schools, and bus stations, this property enjoys a privileged location that combines convenience and accessibility. An excellent opportunity to acquire a luxury property in a high-demand area. Don’t miss out on this unique chance!
Schedule a
Viewing
Book Now
Situated in Estepona Centre, this spacious townhouse offers a rare opportunity to acquire a generously sized property within walking distance of the town’s most iconic landmarks and everyday amenities. Located just moments from Estepona Old Town, the beach, and the seafront promenade, the property enjoys the charm of traditional town living combined with excellent accessibility. The townhouse currently offers 181 m² built across two levels, complemented by a 22 m² terrace and a versatile layout comprising five bedrooms and one bathroom. Access to the first floor is presently via an external staircase, a feature that opens up interesting possibilities for redesign. The layout makes the property particularly suitable for conversion into two independent units, or for reconfiguration as a spacious single-family residence. There is also potential to add an additional level, subject to the relevant planning permissions. The property requires a complete renovation, presenting an ideal blank canvas for buyers looking to create a bespoke home or value-add investment in a central location. Additional features include storage space and convenient street parking nearby, further enhancing its practicality. The surrounding area is one of Estepona’s most desirable and vibrant, with the historic old town, Orchid House, paseo marítimo, beaches, restaurants, shops, and cultural attractions all within easy reach. Marbella and Puerto Banús are approximately 25–30 minutes away, while Málaga Airport can be reached in under an hour, ensuring excellent connectivity along the Costa del Sol.
Schedule a
Viewing
Book Now
TOWNHOUSE IN CALVARIO AREA, ESTEPONA Located in a private, quiet, and well-connected residential area, this property is just a few minutes' walk from the old town and the seafront promenade. Its privileged location also allows for quick access from the main roads of the Costa del Sol. A perfect setting to enjoy comfort and quality of life or to live by the Mediterranean. A home that combines spaciousness, light, and warmth in every corner, designed to become the home where unforgettable memories are created. On the main floor, we find a bright living-dining room with a fireplace and a cheerful kitchen with a breakfast bar open to the living room, allowing for social connection between both spaces. From the living room, the large windows that span the entire facade connect directly to a private garden converted into a patio of approximately 80 m², where there is the possibility of building your own private swimming pool. On the first floor, you'll find three bedrooms with built-in wardrobes and a bathroom with a jacuzzi, a terrace of approximately 10 m² with unobstructed views of the Sierra Bermeja mountains, and a laundry room. The top floor comprises a double bedroom with a sloping ceiling and direct access to another private terrace with unobstructed views. This suite features its own full bathroom with a whirlpool tub and built-in wardrobes. In the basement, there is a separate apartment with its own kitchen and bathroom, and access to a large private garage with space for several vehicles. Don't miss this opportunity and schedule a visit with us! In compliance with Decree 218/2005 of the Andalusian Regional Government, dated October 11, please note that notary, registration, and property transfer tax (ITP) expenses are not included in the price. Real estate brokerage fees are included. The consumer has the right to receive a copy of the corresponding Abbreviated Information Document (DIA) for the property.
