Urban & Commercial Plot in a Strategic Location – New Golden Mile, Cancelada, Estepona

594 m² Plot

All homes €3,432/m² 2,663 sales

Houses €3,560/m² 413 sales

Apartments €3,395/m² 2,250 sales

Homes sold in Estepona. Achieved deed prices, Notariado, year to date. Deed prices cover every sale in that postcode at every level, so a prime property will sit far above them. That gap is a difference in what is being counted, not a verdict on the price.

Appraised value per m², Estepona Valuation basis, Ministerio de Transportes

€3,514/m²2026 Q1

2005 Q1 €1,302 – €3,514 2026 Q1

Homes sold per quarter, Estepona Ministerio de Transportes

598 homes2026 Q1

2004 Q1 108 – 1,117 2026 Q1

Achieved, Estepona €3,432/m² 2,663 deeds this year · Notariado

Valued, latest quarter €3,514/m² 2026 Q1 · Ministerio

Three different measures, shown separately because they are not comparable: what sellers ask, what deeds record, and what valuers assess. The last two cover a whole postcode and a whole municipality at every price level, so a prime property will always sit well above them.

About this property

Excellent investment opportunity in an urban plot located in one of the fastest-growing and most promising areas of the Costa del Sol: the New Golden Mile, in the area of Cancelada, Estepona. The property enjoys a privileged location next to the N-340 national road heading towards Estepona, providing excellent visibility and easy access.

The plot benefits from a corner position, with access from two streets—an especially valuable feature for both residential and commercial developments, as it offers greater flexibility in design and optimal use of the available space.

The plot allows the construction of ground floor, first floor, and second floor. The current owner will retain the built area on the ground floor for two commercial premises, covering the proportional cost of that part of the construction. The first and second floors are for sale and would be developed at the expense of the new owner.

From an urban planning perspective, the plot offers:

Main use: Residential, making it an excellent option for the development of homes in an increasingly sought-after area.

Complementary uses: Educational, cultural, and sports facilities.

Compatible uses: Hotel, offices, retail, and hospitality, offering a wide range of possibilities for investors and developers.

Maximum buildability: 2.04 m²t/m²s, allowing the development of a project with significant potential in a well-established and continuously expanding area.

Location is another of the property’s major highlights. The plot is only a 5-minute walk from the beach, 5 minutes by car from the center of Estepona, and approximately 10 minutes from Marbella, placing it in a strategic position between two of the most important destinations on the Costa del Sol.

In addition, the surrounding area offers all the necessary amenities for everyday living, including large supermarkets, pharmacies, restaurants, gyms, public transport connections, and a wide variety of shops, further enhancing the convenience and value of the location.

In summary, this is an excellent opportunity to develop a residential or commercial project in one of the fastest-growing areas of the Costa del Sol, combining a strategic location, excellent accessibility, and multiple urban development possibilities.