2 bed, 2 bath 2 Bed Apartment for sale in Estepona Costa Del Sol, Málaga, Spain.

Stunning Top-Floor Apartment with Breathtaking Views in "Balcones de la Galera"
Located in the Balcones de la Galera residential complex, this top-floor apartment offers spectacular panoramic views



A perfect blend of elegance, comfort, and an unbeatable location, ideal for those seeking tranquility with stunning coastal scenery


This stunning top-floor apartment offers contemporary living with sea views from the private rooftop solarium (18

17 m²), accessible via a staircase from the apartment’s terrace, an ideal space for relaxation and outdoor enjoyment


The building features a convenient elevator with direct access from the underground parking area, bringing you straight to your entrance door


The apartment has two spacious bedrooms and two modern bathrooms

The master bedroom includes an en-suite bathroom, while the second bedroom comfortably fits a double bed and features built-in wardrobes

The open-plan kitchen, dining, and living area creates a bright and airy atmosphere, seamlessly extending to a generous terrace

Additionally, the apartment is equipped with air conditioning for year-round comfort


The gated residential complex, completed in 2021, consists of 106 apartments and offers a secure and well-kept environment

The community pool is enclosed by a safety fence, providing a secure and relaxing space for families with children


Located above the popular Playa de la Galera beach, the apartment is just 7

6 km from Estepona town center and approximately 92 km from Málaga Airport

The beach is a short 10-minute walk away, and several excellent restaurants are within walking distance


The current owner has used this apartment as a holiday home but is now relocating permanently to Spain and is looking for a larger residence to better suit their needs


The highly regarded Queens British Grammar School is just a short walk from the property

Recognized as one of the best schools on the Costa del Sol, it offers a high-quality British education in a nurturing and inclusive environment


Queens British Grammar School is a family-oriented learning community

Unlike other schools in the area, it fosters a warm, inclusive, and supportive atmosphere, where every child is valued and encouraged to reach their full potential


Following the British curriculum, the school emphasizes academic excellence, good manners, respect, and personal development

From early years to A-Levels, students receive structured yet personalized education, preparing them for future success

With an intentionally small and focused learning environment, the school ensures top-tier education while keeping students happy and motivated


This apartment offers an unbeatable combination of modern living, prime location, and excellent educational opportunities, making it a perfect home or investment in the Costa del Sol




Property Overview
This southwest-facing top floor apartment offers bright and airy living spaces with amazing sea and mountain views


• Location: Second Floor, Apartment A, Staircase 10, Block C
• Built Area (including common elements): 84

03 m²
• Interior Usable Area: 59

38 m²
• Private Rooftop Solarium: 18

17 m², accessed via a staircase from the apartment’s terrace
Annexed Features
The apartment includes:
1

Private Garage Space No

60 (Basement)
• Built area: 18

22 m²
• Usable area: 17

03 m²
2

Private Storage Room No

33 (Basement)
• Built area: 4

36 m²
• Usable area: 3

76 m²
Community & Ownership Shares
• General Share in the Plot: 1

16%
• General Share in the Residential Community ("Serenity Views & Serenity Collection"): 0

73%
• Monthly community Fee: 111,14 Euro


• Monthly community Macro Fee: 25,23 Euro

Tax information
Annual IBI Apartment 2024: 330,77 Euro
Basura 2024: 98 Euro
Valor Catastral Apartment 2025: 49 965,40 Euro
Valor de Referencia Apartment 2025: NA Euro

Annual non-resident tax (EU/EES)
Valor Catastral Tax base 2 % Annual non-resident income tax 19 % EU
49 965,40€ 999,31 € 189,87 €

Available documents


Legal data


1

Nota simple Apartment, parking and storage room


2

Declaracion responsible para la primera ocupacion y utilizacion de nueva edificacion
3

Cadastre data
4

Escritura
5

Power of attorney
6

Passport
7

NIE
Tax information


8

IBI Apartment 2024
9

Basura 2024
10

Plus Valia Estimate
11

Certificado de Valor de referencia Apartment

Energy certificate


12

Energy certificate C/C
Utilities


13

Iberdrola
14

Hidralia
15

Fiber Tiekom
16

Sector Alarm
Community of owners
17

URB Certificate of debt
18

URB Last annual and / or extra ordinary minutes
URB Procedures for rental approval from the community


19

Inventory list N/A
20

URB Contact details and community fee

Sales process


1

When a buyer has the intention to purchase the property, the buyer and the seller will sign a reservation contract, and the buyer pays a reservation fee of 6 000 euros to the seller’s legal representatives client account, or to the real estate agent

When the reservation contract is signed the seller provides the buyer with the above-mentioned documents which is necessary for due diligence, and a bank certificate which verify the client account

The property will off the market during the reservation period



2

When the due diligence process is finalized and the parties have reached the final agreement, the seller and the buyer sign a private contract which specifies the terms and conditions which the parties have agreed on

The buyer pays 10 % of the purchase price minus the reservation fee of 6 000 Euro to the client account



3

Traditionally the buyer’s legal representative arranges an appointment for signing the public deeds at the Notary and preparing the new public deeds together with the seller’s representatives

The normal payment method is payment by bank check when signing the deeds



4

The buyer will pay all the administration cost for the change of ownership, except the local Plus Valia tax, which is paid by the seller

If the seller is non-resident in Spain the Plus Valia tax will be deducted from the purchase price and the payment will be administrated by the buyer



5

Withholding of 3 % non-resident tax of the purchase price

If the seller is non-resident in Spain the 3 % non-resident tax will be deducted from the purchase price and the payment will be administrated by the buyer

When the seller declares the profit or loss from the sale, the 3 % non-resident tax will be deducted from the final capital gains tax

If the 3 % withholding tax is higher than the final capital gains tax Agencia Tributaria will repay the surplus to the seller

If the 3 % withholding tax is less than the final capital gains tax the seller have to make an additional payment to Agencia Tributaria on the difference




6

The fees to the real estate agent will normally be deducted from the purchase price and the invoice will be paid by the buyer’s legal representative

There will normally be a notation of this in the deeds



7

Each party pays their own legal cost





8

It is usual that the parties agree on a prorate regulation of prepaid cost such as IBI, Basura community fees etc




9

The buyer will have 2 weeks to change the utility contracts




10

The seller will cancel home insurance, internet etc, unless the parties have agreed otherwise



11

Finally the buyers will arrange the change of ownership in the land register



12

The seller is obligated to provide a valid energy certificate for the property




Spanish Civil code 1454
“If earnest money or a deposit has been provided in a contract of sale and purchase, the contract may be rescinded by the purchaser by agreeing to forfeit the earnest money or deposit, or the seller by refunding double the amount”



Payments


Price 319 000,00 €
Reservation fee 6 000,00 €
Upfront payment 10 % 31 900,00 € -6 000,00 € 25 900,00 €
Retention non-resident tax 3 % 9 570,00 €
Retention Plus Valia (Estimated) 628,79 €
Final Payment 282 901,21 €



The buyer


If the buyer is non-resident in Spain, he must apply for a Spanish tax identification number “NIE”

This could be done by his representative if the buyer has signed a power of attorney


It is highly recommended that the buyer applies for a digital certificate for electronic identification, this will simplify communications with the Spanish tax administration


If the buyer is non-resident in Spain, its recommended that he to open a Spanish bank account for automatic payment of utility services and taxes



Transaction cost buyer


Price 319 000,00 €
Transfer tax 7 % 22 330,00 €
Notary fee (estimated) 900,00 €
Land registry (estimated) 800,00 €
Legal administration (estimated) 3 500,00 €
Transaction cost 27 530,00 €
Total cost 346 530,00 €
Transaction cost % of purchase price 8,63 %

Mortgage & Tasacion


If the buyer needs a mortgage in order to finance the purchase, it is compulsory for the bank to order a valuation from an authorized third party

This is normally a technical architect with a valid licence for conducting valuations

After the real estate crise in 2008 the valuations are usually quite conservative and often 10 to 15 percent under the actual sales price

The bank will normally approve a mortgage of 70 % of the valuation

If the valuation is higher than the sales price the bank will use the lowest value


The valuation will be ordered by the bank on behalf of the buyer, and the buyer pays the expenses

The prices can be around 400 euros for a normal apartment


There will be an additional notary fee, land registry fee, stamp duty and bank fee for the mortgage



Transfer tax


Currently the transfer tax on real estate I Andalucia “Impuesto sobre Transacciones Patrimoniales (ITP)” is 7 % of the highest of the purchase price or the “valor de referencia

”



The seller


The seller is in the process of being registered as tax resident in Spain, if he is not able to obtain a Spanish tax residency certificate before signing the deeds, he will be subject to 3 % non-resident withholding tax which is deducted from the sales price

The buyer must also deduct the plus Valia tax from the purchase price and administrate the payment