A rare opportunity to acquire a highly versatile 5-room penthouse with exceptional 360° wraparound terraces, 2 independent guest suites and significant potential to create a unique home or investment property in the El Paraíso area of Marbella's sought-after New Golden Mile. Tourist licences are obtainable, adding further potential for buyers considering holiday rental or income-generating use, subject to applicable requirements and approvals.
Positioned within walking distance of the beach, close to Masala and with convenient access to the A-7, the property is surrounded by established residential communities, villas and amenities. Marbella, Puerto Banús and Estepona are all within easy reach, together with golf courses, restaurants, beach clubs and everything the Costa del Sol lifestyle has to offer.
The current layout comprises a private 5-room penthouse residence with expansive front and rear terraces that combine to create an exceptional 360° wraparound outdoor living environment. Surrounded by mature greenery and enjoying excellent privacy, the accommodation currently includes 2 bedrooms, 2 bathrooms, a substantial separate office and 2 independent guest suites.
The large office is currently used for storage, with visualisations available demonstrating its potential transformation. Depending on the buyer's requirements, it could remain a private office, studio or workspace, be transformed into an additional room, or potentially be incorporated into the main residence to create additional living accommodation, subject to any necessary approvals.
The property also benefits from 2 independent guest suites, each with its own private shower facilities. These highly versatile spaces provide excellent possibilities for guests, extended family, staff accommodation, independent guest lodging or short-term rental use. They may also offer the possibility of being incorporated into the main residence, creating a substantially larger family home if desired and subject to any necessary approvals.
One of the property's most exceptional features is its extensive private terrace space. Rarely found in this location, the expansive front and rear terraces provide multiple areas for outdoor dining, entertaining, relaxing and enjoying Marbella's year-round climate.
There is no community swimming pool; however, the exceptional size of the private terraces provides the possibility for an owner to install their own portable above-ground pool or Jacuzzi, if desired and subject to any applicable requirements. A designer visualisation illustrates how a private terrace pool could potentially transform the outdoor living space.
The generous terraces also create exciting possibilities for additional lounge and dining areas, wellness spaces, entertaining zones and other lifestyle features.
Whether envisioned as a spacious private residence, multi-generational family home, property with independent guest accommodation, holiday home or income-producing investment, the flexibility of the existing layout offers numerous possibilities.
While certain areas would benefit from refurbishment and modernisation, this is also where much of the property's potential lies. Few penthouses in this part of the Costa del Sol combine such extensive private outdoor space, independent guest accommodation, privacy, flexibility and future value-add potential within walking distance of the beach.
Features
• Private 5-room penthouse residence
• 2 bedrooms
• 2 bathrooms
• Large separate office / potential additional room
• 2 independent guest suites with private shower facilities
• Exceptional 360° wraparound terraces
• Expansive front and rear outdoor living spaces
• Potential for a private portable terrace pool or Jacuzzi
• Designer visualisation showing potential terrace pool
• No community swimming pool
• Tourist licences obtainable
• Short-term rental potential
• Walking distance to the beach
• Excellent privacy
• Street parking available directly outside
• Renovation and value-add potential
• Flexible internal configuration
• Multiple future use possibilities
• El Paraíso, New Golden Mile location
• Close to Masala and convenient access to the A-7
• Easy access to Marbella, Puerto Banús and Estepona
Some images have been professionally staged to illustrate the lifestyle and design potential of the property.
Characteristics
- 24h Service
- Air conditioning
- Amenities near
- Barbecue
- Bars
- Cinema room
- Close to children playground
- Close to golf
- Close to port
- Close to restaurants
- Close to schools
- Close to sea / beach
- Close to shops
- Close to town
- Communal Garden
- Country view
- Covered terrace
- Dining room
- Fireplace
- Fitted wardrobes
- Fully fitted kitchen
- Fully furnished
- Games Room
- Glass Doors
- Good condition
- Guest apartment
- Guest room
- Guest toilet
- Internet - Fibre optic
- Internet - Wi-Fi
- Laundry room
- Living room
- Marble floors
- Office room
- Optional furniture
- Pets allowed
- Private Garage
- Private Pool
- Private terrace
- Recently Renovated / Refurbished
- Roof terrace
- Satellite TV
- Security entrance
- Separate apartment
- Solarium
- Staff accommodation
- Storage room
- Street view
- Telephone
- Transport near
- Uncovered terrace
- Urban view
- Utility room
- Wooden floors
Annual taxes & community costs
- Community fees: 10 euros
Proximities in New Golden Mile, Estepona
- San José School Guadalmina: 16 Km
- Atalaya International College: 19 Km
- Hospiten Estepona: 9 Km
- Hospital de Alta Resolución de Estepona (Public): 11 Km
- Puerto Banús: 22 Km
- Sotogrande: 30 Km
- Marbella: 32 Km
- Gibraltar: 48 Km
- Málaga: 91 Km
- San José School Estepona: 3 Km
Estepona
Estepona is located on the western Costa del Sol, in an area where the coastal lifestyle blends with a more relaxed background than nearby cities like Marbella. Its identity is based on a unique combination: an extensive and bright coastline, a carefully restored old town, and a cultural offering that has turned its streets into points of access to art. Nowadays, its old town, which is entirely pedestrianized, has become one of the main charms of the city. Narrow passageways, potted plants in bright colors, and whitewashed façades create an environment that fuses aesthetics with Andalusian tradition, which has contributed to its popularity. The plazas of Ortiz, Las Flores, and Rincón Gitano maintain part of the social pulse, while bars and small shops with a local atmosphere preserve a neighborhood feel that has not faded despite the growth of tourism. The seafront gives it a distinct character: more than twenty kilometers of coastline, with extensive light-sand beaches, among which Rada —the most urban— and El Cristo, calm and family-friendly, stand out. The Promenade is one of the busiest routes, accessible both to athletes who exercise at dawn and to casual strollers. Meanwhile, the marina is a small nightlife hub with restaurants, bars, and boating activities. Over the past decade, the city has launched a cultural initiative that defines it: The Artistic Murals Route, which stretches across entire building facades and an increasing number of sculptures and themed areas. Estepona's image has been completely transformed, becoming an 'open-air museum,' thanks to this commitment to cultural urbanism. The Sierra Bermeja rises as a backdrop in the natural environment, with paths that wind through pine forests and the reddish landscapes characteristic of this unique mountain. In addition, there is Selwo Aventura, a nature and wildlife park that attracts families and tourists from all over the Costa del Sol. Estepona has experienced significant development with the creation of new hotels, residential areas, landscaped promenades, and services that have expanded its tourist and residential offerings; however, the city has tried to maintain a calmer image compared to its more glamorous neighbors. Its economy is based on commerce, hospitality, tourism, and an active real estate sector; nevertheless, it retains a local character that is evident in its festivals (such as the San Isidro Fair) and its markets. Although its economy is based on trade, hospitality, tourism, and an active real estate sector, it maintains a local spirit that can be seen in its markets, celebrations — for example, the San Isidro Fair — and in its cuisine, which features Mediterranean dishes and fresh fish. In general, Estepona presents itself as a place that has managed to update its image without completely losing its traditional essence: a bright city with the feel of a large town, blending culture, sea, nature, and tranquility.
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