6.1% Gross rental yield6.1% Gross rental yieldLumina Marina in Estepona (New Golden Mile), Málaga. 3-bed penthouses, 124 m², 6.1% gross yield. New-build property by the sea in Spain — €799,000.
This new-build is in Estepona (New Golden Mile), Málaga (Costa del Sol). The nearest airport is AGP, convenient for lettings and personal visits. Strong local infrastructure, beaches and tourist demand support steady occupancy.
The New Golden Mile is the strip between Estepona and Marbella where an almost brand-new premium district of golf, beach clubs and contemporary residences has risen in recent years. There are 7 new-builds here, mostly townhouses and villas.
Beach clubs, the El Paraíso and Atalaya golf courses, the Diana shopping centre and proximity to both Estepona and Puerto Banús deliver Marbella-grade service without Marbella prices. Málaga airport is about an hour away.
New-build in Estepona (New Golden Mile) →Estimated gross rental yield is 6.1%. This is an off-plan unit: pay in stages during construction, completion 2027 Q4. Buy at today’s price and complete at market value.
Worked through on this property’s real numbers: price €799,000, estimated gross yield 6.1%.
Net estimate: ~30% deducted from gross rent for non-resident tax, vacancy and management. A guide, not a guarantee.
Pre-filled with a €799,000 price and a 35% deposit. Adjust the inputs to your situation.
Loan €519,350 with a €279,650 deposit.
Indicative. Excludes bank arrangement fees, valuation and mandatory insurance. Confirm terms with the bank.
On top of the price, budget 10–14% for taxes and fees: VAT or transfer tax, notary, registry, lawyer. For €799,000 that is roughly €79,900–€111,860.
Get an exact figure in the costs calculator →
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