Under construction · current release

Arrecife Fase 2

Casares Costa · Casares

Prices from

€398,000

Available

10 of 53

Bedrooms

2–3en-suite

Delivery

Between June and September 2028

Type

Apartments

Size from

112 m²

Total homes

53 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 2, in context.

Arrecife Fase 2 is a residential apartment development in Casares Costa, positioned between Estepona and Sotogrande on the western stretch of the Costa del Sol — a corridor that has absorbed sustained international demand while retaining more measured price levels than Marbella proper. The project comprises 53 apartments across two and three-bedroom configurations, ranging from 112 to 134 m² of built area, with ground-floor units offering private gardens and penthouses carrying sea-view terraces with Jacuzzis. Construction is under way, with completion scheduled between June and September 2028.

Availability is materially constrained: 42 of 53 units are already sold, leaving 11 homes on the market. Prices run from €398,000 to €720,000, with the upper figure reflecting penthouse-tier specification. The southeast orientation across the scheme is a deliberate architectural decision — maximising natural light and passive solar gain throughout the day.

Prepared by the Roccabox New-Developments Desk · Marbella

At a glance

Key facts

01
53-unit scheme already 79% sold — only 11 apartments remaining
02
Two- and three-bedroom apartments from 112 to 134 m² built area
03
Penthouses with panoramic sea views and private Jacuzzi terraces
04
Construction started; completion due between June and September 2028
05
Priced from €398,000, with all homes including a garage and storage room

The current release

The 10 remaining apartments

Each one specified individually. Pricing released on enquiry.

+Show full unit listHide unit list 10 units · Unit, block, floor, specs, garage

Unit	Block	Floor	Beds	Baths	Interior	Outside	Garage
B6-1D	6	1	2	2	112 m²	7 m² terrace	1 + storage
B8-0D	8	0	2	2	121 m²	26 m² terrace · 46 m² garden	1 + storage
B8-0C	8	0	2	2	121 m²	27 m² terrace · 27 m² garden	1 + storage
B8-0B	8	0	2	2	121 m²	26 m² terrace · 18 m² garden	1 + storage
B8-0A	8	0	2	2	121 m²	26 m² terrace · 58 m² garden	1 + storage
B8-1B	8	1	2	2	121 m²	—	1 + storage
B8-3B	8	3	2	2	121 m²	20 m² terrace	1 + storage
B7-2A	7	2	3	2	134 m²	66 m² terrace	1 + storage
B6-2A	6	2	3	2	134 m²	66 m² terrace	1 + storage
B8-5A	8	5	3	2	134 m²	66 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

10 of 53 apartments remain

Live data refreshed nightly from our multiple independent sources.

2-bedroom apartments 112–121 m²

From

€398,000

7 available

3-bedroom apartments 134 m²

From

€620,000

3 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 2 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

€398k

Under construction pricing

Projected key-ready benchmark

€510k

Indicative uplift modelled against comparable new-build completions

Roccabox analyst view

With 42 of 53 units sold, Arrecife Fase 2 is not a speculative commitment — it is a late-stage entry into an already validated scheme, with the remaining 11 homes priced from €398,000. The area's tracked resale median sits around €3,365 per m², whilst new-build specification at this address is priced commensurately with the quality differential. Construction is active, de-risking the timeline, and the June–September 2028 completion window provides a clear two-year horizon for capital planning.

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

10 of 53 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 2 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 €3,554 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 2 (€/m² built)

€3,554

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

112–134 m²

Internal area per unit

Specification

What every unit receives

Bedrooms

2–3 en-suite

Bathrooms

Built area

112–134 m²

Build stage

Under construction

Completion

Between June and September 2028

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 occupies the quieter western end of the Costa del Sol, roughly equidistant between Estepona's increasingly sophisticated town centre and the established polo and golf culture of Sotogrande. The area is characterised by lower-density development than the Marbella–Puerto Banús corridor, with direct access to the coast road and the AP-7 motorway linking buyers to Málaga Airport and Gibraltar within a practical commute. The hilltop village of Casares itself — one of Andalucía's most photographed pueblos blancos — sits inland and offers a genuine sense of place beyond the resort context. For everyday convenience, Estepona's expanded marina and retail offer is the natural anchor.

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 2 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

€40k10%

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

Contract signing

€80k20%

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

On completion

€279k70%

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

Total cost of ownership

Purchase price · drag to model

€398,000

From €398,000€720,000

VAT / IVA (10% new build)

€39,800

Stamp duty / AJD (1.2%)

€4,776

Notary + registry (~1%)

€3,980

Legal fees (~1%)

€3,980

All-in

€446,556

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

€1,395/mo

Total repayable

€418,421

Loan-to-value · 70%

50%70%

Term · 25 years

10 yrs30 yrs

Interest rate · 3.50%

2.5%5.5%

Deposit required

€119,400

Loan amount

€278,600

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

€71,640gross uplift

B · Rent long-term (gross/yr)

€11,144

C · Short-term rental (peak gross/yr)

€17,910

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.

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 2 a good investment compared to the local resale market?

Arrecife Fase 2 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 2?

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 2 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 2 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 2 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 10 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