Under construction · current release

Adagio

New Golden Mile · Estepona

Prices from

€492,000

Available

4 of 23

Bedrooms

2–3en-suite

Delivery

April 2028

Type

Apartments

Size from

93 m²

Total homes

23 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

Adagio, in context.

Adagio is an 80-residence development by the partnership behind the project in Cancelada, a settled neighbourhood on Estepona's New Golden Mile — the corridor between Puerto Banús and Estepona town that has become one of the Costa del Sol's most consistent address choices for international buyers. The scheme delivers two- and three-bedroom apartments, ground-floor homes with private gardens, duplexes, and penthouses with solarium, all with garage and storage included in the price. Built areas run from 93 m² to 132 m², with terraces extending those footprints substantially depending on the typology.

Of 23 units tracked by Roccabox, 19 are already sold, leaving four remaining — a sell-through rate that speaks to genuine demand rather than marketing momentum. Construction is under way, with completion scheduled for April 2028. At prices from €492,000, entry sits at approximately €5,290 per m² on the smaller units — a premium to the broader area median, justified by new build specification and scarcity at this stage.

Prepared by the Roccabox New-Developments Desk · Marbella

At a glance

Key facts

01
80-unit Metrovacesa development — only 4 of 23 tracked units remain available
02
Two- and three-bedroom apartments, duplexes and penthouses with solarium; 93–132 m² built
03
Garage and storage room included; Mediterranean sea views from most homes
04
Completion April 2028 — construction already started
05
Surrounded by Flamingos Golf, Atalaya Golf, Kempinski Resort and Villa Padierna

The current release

The 4 remaining apartments

Each one specified individually. Pricing released on enquiry.

+Show full unit listHide unit list 4 units · Unit, block, floor, specs, garage

Unit	Block	Beds	Baths	Interior	Outside	Garage
—	3	2	2	93 m²	31 m² terrace	1 + storage
—	1	2	2	99 m²	41 m² terrace	1 + storage
—	1	3	2	132 m²	18 m² garden	1 + storage
—	3	3	2	124 m²	35 m² terrace	2 + storage

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

Roccabox AI

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Our AI concierge knows every unit, every spec, every price, the off-plan timeline, the local market and how to compare this development against the others nearby. Answers in your language, instantly, any time.

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Live availability

4 of 23 apartments remain

Live data refreshed nightly from our multiple independent sources.

2-bedroom apartments 93–99 m²

From

€492,000

2 available

3-bedroom apartments 124–132 m²

From

€567,000

2 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. Adagio 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

€492k

Under construction pricing

Projected key-ready benchmark

€631k

Indicative uplift modelled against comparable new-build completions

Roccabox analyst view

With 19 of 23 units sold and construction already progressed, Adagio is not a speculative pre-launch proposition — it is a late-stage off-plan purchase with completion visibility to April 2028. The four remaining units represent genuine scarcity within a scheme that has demonstrably found its market. Buying now locks in the contracted price against a New Golden Mile where resale stock median pricing has trended upward across each of the past 12 months. The inclusion of garage and storage removes costs that typically arrive as extras elsewhere.

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

4 of 23 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.

Adagio is not priced against average Estepona 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 €5,290 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 €3,364/m².

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

Estepona apartments median (€/m²)

€3,364

Adagio (€/m² built)

€5,290

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

◆

Live market data

Cross-referenced against the most credible Costa del Sol sources

◆

Buyer protections

Staged payments · bank guarantee · 10-yr warranty

93–132 m²

Internal area per unit

Specification

What every unit receives

Bedrooms

2–3 en-suite

Bathrooms

Built area

93–132 m²

Build stage

Under construction

Completion

April 2028

Warranty

10-yr structural

Energy

Class A (new build)

New Golden Mile

Living in Estepona

Golf

705 m

Flamingos Golf

Beach

1.9 km

Playa de Guadalmansa

Airport

43.8 km

Royal Air Force Gibraltar

Restaurant

1.1 km

Kikos

Café

1.1 km

Café

Bar

1.1 km

Santa Maria

Supermarket

1.0 km

Tienda

Pharmacy

1.1 km

Farmacia Cancelada

Hospital

2.8 km

Hospital Hospiten de Estepona

Padel / tennis

1.7 km

Racket Club Villa Paderna

Marina

9.9 km

Puerto Deportivo José Banus

Train station

28.2 km

Cortes de la Frontera

Cancelada occupies a midpoint on the New Golden Mile that gives residents practical access in both directions: Estepona's old town and beaches lie to the west, Puerto Banús and central Marbella to the east. The neighbourhood retains the texture of an Andalusian village — weekly markets, local restaurants and independent shops — without isolation from coastal infrastructure. Malaga Airport is reachable in under an hour; Gibraltar Airport in approximately 45 minutes.

The immediate area is well established for golf, with Flamingos Golf, Cancelada Club Golf, El Campanario and Atalaya Golf all nearby. The Kempinski Resort Hotel and Villa Padierna, both internationally recognised properties, sit within the same corridor. A car is needed for beach access and broader errands, which is worth factoring into daily life planning.

From your door

Marbella Old Town

18 min by car

16.5 km direct

Puerto Banús

11 min by car

9.7 km direct

Málaga Airport

1h by car

55.1 km direct

Mijas Pueblo

44 min by car

40.3 km direct

La Cala de Mijas

40 min by car

37.1 km direct

Estepona

10 min by car

8.9 km direct

Gibraltar

49 min by car

45.0 km direct

Ronda

35 min by car

31.6 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 Adagio 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

€49k10%

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

Contract signing

€98k20%

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

On completion

€344k70%

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

Total cost of ownership

Purchase price · drag to model

€492,000

From €492,000€639,600

VAT / IVA (10% new build)

€49,200

Stamp duty / AJD (1.2%)

€5,904

Notary + registry (~1%)

€4,920

Legal fees (~1%)

€4,920

All-in

€552,024

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

€1,724/mo

Total repayable

€517,244

Loan-to-value · 70%

50%70%

Term · 25 years

10 yrs30 yrs

Interest rate · 3.50%

2.5%5.5%

Deposit required

€147,600

Loan amount

€344,400

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

€88,560gross uplift

B · Rent long-term (gross/yr)

€13,776

C · Short-term rental (peak gross/yr)

€22,140

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 Adagio a good investment compared to the local resale market?

Adagio is positioned as a premium new-build product with developer warranty, modern specification and limited supply. Comparable to the broader resale stock in Estepona 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 Adagio?

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 Adagio 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 Adagio from Málaga airport?

Approximately 60 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, Adagio 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 4 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