Tourist License Allowed I 5-Room Penthouse with Guest Suites & Huge 360° Terraces – El Paraíso, New Golden Mile
Asking prices across the agency networks we track, as at 30 July 2026. Bars span the middle half of each peer group; the line marks the median. The first bar covers apartments and houses together, so a house will often sit high on it.
These are the averages across ALL houses in Estepona East that disclose a figure, not this property alone. Where a bill for this one is on file it is shown against that range so you can see where it sits. Bills follow the rateable value and the community budget, so two neighbours can differ; we will get you the actual figures before you commit.
Homes sold in Estepona. Achieved deed prices, rolling twelve months to the 3 September 2026 refresh. 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.
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
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 licenses 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 visualizations 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 modernization, 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 visualization showing potential terrace pool
• No community swimming pool
• Tourist licenses 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.
Specification
- Reference
- R1038
- Type
- Penthouse
- Location
- New Golden Mile, Estepona
- Beds
- 5
- Baths
- 4
- En suite
- 3
- Build m²
- 321
- Interior m²
- 140
- Terrace m²
- 160
- Pool
- With pool
- Garden
- Private
- Garage
- Communal
- Community
- €10
- Orientation
- S
- C. Year
- 1988
Gallery
Features & amenities
- Amenities near
- 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
- Country view
- Garden view
- Gated community
- Street view
- Transport near
- Urban view
- Barbecue
- Bars
- Cinema room
- Cocktail bar
- Fireplace
- Fitted wardrobes
- Fully fitted kitchen
- Fully furnished
- Games Room
- Guest apartment
- Guest room
- Guest toilet
- Kitchen equipped
- Laundry room
- Living room
- Marble floors
- Office room
- Open plan kitchen
- Optional furniture
- Porcelain floors
- Staff accommodation
- Storage room
- Study room
- Utility room
- Wooden floors
- Covered terrace
- Massage Room
- Private terrace
- Roof terrace
- Uncovered terrace
- Air conditioning
- Solarium
- Alarm
- Armored door
- Internet – Fibre optic
- Internet – Wi-Fi
- Satellite TV
- Security entrance
- Security service 24h
- Video entrance
- Good condition
- Pets allowed
- Recently Renovated / Refurbished
- Renovation Needed
- 24h Service
- Balcony
- Co-Working area
- Glass Doors
- Interior (facing inner courtyard)
- Separate apartment
- Telephone
Estepona
Guide to Estepona: old town, marina and the New Golden Mile explained, with real deed prices, resale supply figures and where each part of town actually suits.
Read the Estepona area guide All property for sale in Estepona
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