Under construction · current release

Arrecife Fase 1

Casares Costa · Casares

Prices from

€650,000

Available

2 of 84

Bedrooms

3–4en-suite

Delivery

Between December 2026 and Ma…

Type

Apartments

Size from

134 m²

Total homes

84 homes

Phase

Under construction

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Licensed agency · est. 2017 AIPP member 500+ active developments

Project lifecycle

Coming soon

Off-plan

With licence

You are hereUnder construction~22% saving

Completed

Roccabox · the editorial

Arrecife Fase 1, in context.

Arrecife Fase 1 is a completed-phase apartment development in Casares Costa, positioned between Estepona and Sotogrande on the western Costa del Sol — a corridor that has drawn consistent international buyer interest without the price premium of central Marbella. The scheme comprises 84 apartments across ground-floor, mid-floor and penthouse configurations, ranging from 134 m² to 231 m² of built area across three- and four-bedroom layouts. Penthouses carry private Jacuzzis and panoramic sea views; ground-floor units offer private gardens. Southeast orientation is a deliberate design choice, maximising natural light and passive solar gain throughout the day.

Construction commenced in July 2024 with completion scheduled between December 2026 and March 2027. Of the 84 units in this phase, 82 have already sold — only two remain available, priced between €650,000 and €715,000. The absorption rate at this stage of build is a meaningful signal of genuine demand rather than developer-led optimism.

Prepared by the Roccabox New-Developments Desk · Marbella

At a glance

Key facts

01
84-unit scheme, 82 of 84 sold — only two apartments remain available
02
Three- and four-bedroom apartments from 134 m² to 231 m² built area
03
Penthouses include private Jacuzzi and panoramic sea views as standard
04
Construction under way since July 2024; completion December 2026 – March 2027
05
Southeast orientation across all units for natural light and passive solar gain

The current release

The 2 remaining apartments

Each one specified individually. Pricing released on enquiry.

+Show full unit listHide unit list 2 units · Unit, block, floor, specs, garage

Unit	Block	Floor	Beds	Baths	Interior	Outside	Garage
B4-2C	4	2	4	3	231 m²	—	1 + storage
B2-4B	2	4	3	2	134 m²	65 m² terrace	1 + storage

Pricing released on enquiry. Reservations require a refundable holding deposit, held under Spanish bank guarantee until completion.

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Live availability

2 of 84 apartments remain

Live data refreshed nightly from our multiple independent sources.

3-bedroom apartment 134 m²

From

€715,000

1 available

4-bedroom apartment 231 m²

From

€650,000

1 available

The off-plan discount curve

The off-plan discount, stage by stage

Off-plan entry typically offers the largest pricing headroom at the earliest stages. The advantage narrows as construction progresses — at completion the unit is priced at market. Arrecife Fase 1 currently sits in the Under construction band.

Coming soon

~40% off

Off-plan

~32% off

With licence

~27% off

Under construction

YOU ARE HERE

~22% off

Completed

~16% off

Current entry

€650k

Under construction pricing

Projected key-ready benchmark

€833k

Indicative uplift modelled against comparable new-build completions

Roccabox analyst view

With 82 of 84 units sold and construction actively under way, Arrecife Fase 1 is not a speculative purchase — it is a near-complete project with demonstrable end-user demand. The two remaining apartments are priced at €650,000–€715,000. Comparable resale stock in Casares trades well below this level, though typically at smaller sizes and older specifications; the premium here reflects new-build quality, southeast aspect, and a delivery window of under two years from today. Buyers entering now do so with build-stage visibility that early off-plan purchasers did not have.

Reserving early

Why buyers reserve at this stage

Personalisation window

Reserving during the Under construction phase gives buyers genuine input into layout, finishes and basement use ahead of handover — a window that closes as the build advances.

Scarcity and specification

2 of 84 units remain. The plot sizes, orientation and amenity package on this scheme are not easily replicated in the immediate resale stock.

Risk-managed entry

Spanish new-build buyers are protected by staged payments held under bank guarantee, ten-year structural warranty and full licence review. Roccabox brokers all of this through regulated counsel.

Market reality

The premium, contextualised

Useful context — not a substitute for unit-level valuation. Pricing data cross-referenced against live Costa del Sol market signals.

Arrecife Fase 1 is not priced against average Casares resale stock. It is a premium new-build product with the specification, plot quality and amenity package that the broader resale market typically does not match. At €4,851 per built m² the relevant question is whether the premium is justified against comparable new-build completions — not whether it beats the area's median of €2,456/m².

Comparable confidence: 70% · Source: live market data, 15/05/2026

Casares apartments median (€/m²)

€2,456

Arrecife Fase 1 (€/m² built)

€4,851

Premium reflects

new-build specification · scarcity · plot & orientation

Why buy with Roccabox

Your purchase is in safe hands

Licensed, regulated and trusted since 2017. We verify every development before listing it.

◆

Licensed agency

AIPP member · est. 2017 · Regulated by Spanish property law

◆

Plot verified

Spanish national land registry

◆

Live market data

Cross-referenced against the most credible Costa del Sol sources

◆

Buyer protections

Staged payments · bank guarantee · 10-yr warranty

134–231 m²

Internal area per unit

Specification

What every unit receives

Bedrooms

3–4 en-suite

Bathrooms

2–3

Built area

134–231 m²

Build stage

Under construction

Completion

Between December 2026 and Ma…

Warranty

10-yr structural

Energy

Class A (new build)

Casares Costa

Living in Casares

Golf

1.3 km

Golf Academy Albayt Resort

Beach

541 m

Airport

29.0 km

Royal Air Force Gibraltar

Restaurant

944 m

Restaurante La Casona

Café

2.6 km

La Bocatería

Bar

2.4 km

Graingers Bar

Supermarket

1.2 km

Supermarket

Pharmacy

2.6 km

Farmacia Central Sabinillas

Hospital

3.0 km

Hospital de Alta Resolución de Estepona

Marina

3.9 km

Puerto Deportivo de la Duquesa

Train station

20.4 km

Jimena de la Frontera

Casares Costa sits on the western stretch of the Costa del Sol, west of Estepona and east of Sotogrande — a quieter, less congested coastline than the Marbella–Puerto Banús axis, yet within practical reach of both. The area offers direct access to the coast and to the low-density residential developments that have defined this part of Málaga province over the past decade. The regional climate records an average daily high of 22 °C and an average low of 15.5 °C across the year, which supports outdoor living — terrace dining, beach afternoons — throughout much of the calendar. Estepona's old town, marina, and beach promenade are close by, and both Gibraltar Airport and Málaga–Costa del Sol Airport are accessible for international owners.

From your door

Marbella Old Town

35 min by car

32.4 km direct

Puerto Banús

28 min by car

25.5 km direct

Málaga Airport

1h 18m by car

71.2 km direct

Mijas Pueblo

1h 1m by car

56.3 km direct

La Cala de Mijas

57 min by car

51.9 km direct

Estepona

8 min by car

7.4 km direct

Gibraltar

33 min by car

30.2 km direct

Ronda

43 min by car

39.6 km direct

Shahd Sherif · Your Roccabox specialist

New Developments Desk · Marbella office

Every Roccabox specialist on the New-Developments Desk has walked the projects we represent and reviewed the architectural drawings. We will tell you honestly which of the remaining Arrecife Fase 1 residences suits your brief, model the numbers in your currency, and arrange a private viewing within the week. Airport transfer arranged where helpful.

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WhatsApp the team +34 951 12 04 67

Real numbers

Understand the full picture

Spanish purchases involve taxes and fees that catch first-time international buyers off-guard. We surface every figure that matters.

Typical off-plan payment schedule

Spanish new-build purchases are typically paid in three staged instalments, with every euro held under bank guarantee until completion.

On reservation

€65k10%

Refundable holding deposit until contract signing; locks the unit out of the open market.

Contract signing

€130k20%

First instalment to the developer's bonded escrow account, around 4–8 weeks after reservation.

On completion

€455k70%

Balance paid when keys are handed over and the licence of first occupation issued.

Total cost of ownership

Purchase price · drag to model

€650,000

From €650,000€845,000

VAT / IVA (10% new build)

€65,000

Stamp duty / AJD (1.2%)

€7,800

Notary + registry (~1%)

€6,500

Legal fees (~1%)

€6,500

All-in

€729,300

Annual IBI (property tax) ≈ 0.4–1.1% of cadastral value. Community fees vary. Your gestor confirms exact figures.

Spanish mortgage scenario

Indicative non-resident mortgage on the slider price above. Spanish banks typically lend 60–70% LTV to non-residents over 20–25 years.

Monthly payment

€2,278/mo

Total repayable

€683,351

Loan-to-value · 70%

50%70%

Term · 25 years

10 yrs30 yrs

Interest rate · 3.50%

2.5%5.5%

Deposit required

€195,000

Loan amount

€455,000

Illustrative only. Actual Spanish mortgage terms depend on residency, income, tax history and the lender. Roccabox can introduce you to non-resident mortgage brokers.

Investment outlook

Three scenarios our analysts model on every Costa del Sol off-plan deal.

A · Hold and sell at key-ready

€117,000gross uplift

B · Rent long-term (gross/yr)

€18,200

C · Short-term rental (peak gross/yr)

€29,250

Capital growth · 8-yr area benchmark

+30–40%

Personal 5-year model

on request

Ranges are illustrative and gross. Short-term rentals require a tourism licence (VFT) and active management. Our investment analysts can model your specific scenario using current Marbella rental comparables.

Residency planning for non-EU buyers

Spain's property-based Golden Visa route closed to new applicants on 3 April 2025. Non-EU buyers acquiring property at this value still have residency routes — non-lucrative visa, digital-nomad visa, and case-specific options — depending on circumstances. We introduce regulated immigration counsel before any commitment.

Common questions

Buying off-plan in Spain, answered

Straight answers to the questions our specialists field most. For anything else, the assistant above answers in real time.

Is Arrecife Fase 1 a good investment compared to the local resale market?

Arrecife Fase 1 is positioned as a premium new-build product with developer warranty, modern specification and limited supply. Comparable to the broader resale stock in Casares on price-per-m², the premium reflects new-build standards, plot quality and amenity package not typically available in the resale market. Our market analysts model the projected key-ready value on request.

What is the off-plan payment schedule in Spain?

Spanish off-plan purchases are typically staged: 10% on reservation (refundable holding deposit), a further 20% on signing the private purchase contract, and the remaining 70% on completion. Every euro paid before completion is held under bank guarantee — if the developer defaults, your money is refunded under Spanish law.

Can a non-resident get a mortgage to buy at Arrecife Fase 1?

Yes. Spanish banks routinely lend 60–70% loan-to-value to non-residents on properties at this value, over terms of 20–25 years at competitive rates. Roccabox introduces vetted non-resident mortgage brokers at no cost.

Does buying at Arrecife Fase 1 qualify for Spanish residency?

Spain's property-based Golden Visa route closed to new applicants on 3 April 2025 under Organic Law 1/2025. However, other residency routes remain available depending on circumstances — non-lucrative visa, digital-nomad visa, work or family-based permits. Roccabox introduces regulated Spanish immigration counsel.

How far is Arrecife Fase 1 from Málaga airport?

Approximately 78 minutes' drive, with a direct route via the A-7 / AP-7 motorway.

What is included in the purchase price?

Price includes the unit as specified by the developer. Spanish purchase costs (VAT/IVA on new builds at 10%, AJD stamp duty at 1.2%, notary and registry around 1%, legal counsel typically 1%) sit on top of the headline price. The Roccabox team produces a personalised total-cost breakdown on request.

Can I personalise the property?

At the Under construction stage, Arrecife Fase 1 buyers can typically influence layout details, basement configuration, finishes and specification ahead of handover. The window narrows as the build progresses. Our specialist will walk you through what's still negotiable on each remaining unit.

Speak with us

Speak with our team.

Our New-Developments Desk has reviewed every project on the Costa del Sol catalogue and can walk you through which of the remaining 2 units suit your brief, model the numbers in your currency, and arrange a viewing — including airport transfer where helpful.

Ask a question now via the assistant, or have the team follow up with the full brief.

Shahd Sherif

New-Developments Desk · Marbella

EN · ES · RU · FR · NL · SV

Call the team · +34 951 12 04 67 WhatsApp the team Ask the assistant