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
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
SPECTACULAR townhouse in the heart of Estepona's old town!!! Located on a street with Andalusian character and right in the historic centre. The property offers 5 bedrooms and 3 bathrooms spread over three floors, a solarium with panoramic views of the local church, new town of Estepona, mountains and the new ayuntamiento to enjoy Mediterranean afternoons and evenings. The townhouse is comfortable and cosy, with a spacious living room with a fireplace and a charming, fully equipped kitchen. The bedrooms with typical Andalusian balconies with original wodden windows, traditional flooring in all rooms, give this modern house a special feel. Tourist licence in place The general renovation included new power cables from the electricity meter to the house to enable higher power consumption. New switchboard, new sockets, new light switches, new blinds on all windows and balcony doors, new door handles on interior doors, painting of the exterior, Kitchen: New stove, new fridge/freezer, new extractor hood, new dishwasher, new microwave, new sink tap, new water heaters, also for 2 bathrooms, built into the corner of the passageway. Installation of new air conditioning. Siturated in the heart of the city centre, with air conditioning, a stone's throw from the beach and in a city that is experiencing a new splendour, it is a dream place to live all year round or to enjoy holidays with the family. See for yourself the wonderful home we are offering you. Come and visit us and you will fall in love with this property.
Schedule a
Viewing
Book Now
Unique Townhouse in Dominion Beach – Estepona 5 Bedrooms | 3 Bathrooms | Jacuzzi | 2 Parking Spaces | Rental License Discover this spacious and stylish 5-bedroom, 3-bathroom townhouse, ideally located in the exclusive Dominion Beach residence on Estepona’s sought-after New Golden Mile. Just steps from the beach, this property offers a perfect blend of comfort, luxury, and prime location. Part of a beautifully maintained community with excellent facilities, including swimming pools, landscaped gardens, a fitness area, and direct beach access. Thanks to its official tourist rental license, this home is not only perfect as a family residence or holiday retreat, but also represents a great investment opportunity. Key features: 5 spacious bedrooms and 3 modern bathrooms Private jacuzzi for ultimate relaxation 2 private parking spaces included South-facing terraces and cozy outdoor spaces Stunning surroundings with tropical gardens and open views Close to restaurants, shops, and top golf courses Direct access to the beachfront promenade High rental potential This is Costa del Sol living at its best – tranquility, luxury, and strong rental returns. Contact us today for more information or to schedule a private viewing.
