Under construction · current release

Essence Residence Fase 1

Cancelada · Estepona · Ref: RDEV2266

Prices from

€820,000

Available

14 of 41

Bedrooms

2–3en-suite

Delivery

Q2 or Q3 2028

Type

Apartments

Size from

93 m²

Total homes

41 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

Essence Residence Fase 1, in context.

Essence Residence Fase 1 is a private community of 41 apartments and penthouses in Cancelada, on the eastern side of Estepona, close to the Villa Padierna enclave. It is designed for buyers who want a coastal home with the facilities of a private club on the doorstep. Homes have two or three bedrooms, built areas run from 93 m² to 313 m² and prices from €820,000 to €2,185,000.

Light and outlook come first. The residences are planned around large, bright rooms and open sea views and the larger penthouses exceed 300 m² for those who entertain. A recognised architect shaped the buildings and an international interior studio developed the design language, so the finish reads as one considered whole rather than a specification sheet.

The wellness offer is unusually complete for a scheme of this size. There is a fully equipped gym within walking distance of your front door, an outdoor pool for the long summer and an indoor pool for winter mornings. A spa waits at the end of the day.

The market has already given its verdict. Of 41 homes, 27 are sold and 14 remain. Construction has started, with completion guided for the second or third quarter of 2028. Buyers who want to choose their floor, layout and view still can. That choice narrows with every reservation.

Prepared by the Roccabox New-Developments Desk · Marbella

At a glance

Key facts

01
41 apartments and penthouses, two to three bedrooms, 93 m² to 313 m² built
02
27 of 41 homes already sold, 14 remaining
03
Indoor and outdoor pools, spa, gym and a dedicated work space
04
Three golf courses within 1.6 km, Playa del Saladillo 1.3 km away
05
Under construction, completion guided for Q2 or Q3 2028

The current release

The 14 remaining apartments

Each one specified individually. Pricing released on enquiry.

+Show full unit listHide unit list 14 units · Unit, block, floor, specs, garage

Unit	Block	Floor	Beds	Baths	Interior	Outside	Garage
213	2	1	2	2	152 m²	48 m² terrace	1 + storage
503	5	0	2	2	128 m²	35 m² terrace	1 + storage
513	5	1	2	2	93 m²	37 m² terrace	1 + storage
104	1	0	2	2	129 m²	35 m² terrace · 39 m² garden	1 + storage
103	1	0	2	2	128 m²	33 m² terrace	—
413	4	1	2	2	130 m²	36 m² terrace	1 + storage
403	4	0	2	2	129 m²	35 m² terrace · 28 m² garden	1 + storage
504	5	0	3	2	211 m²	93 m² terrace · 93 m² garden	1 + storage
404	4	0	3	2	224 m²	106 m² terrace	1 + storage
414	4	1	3	2	262 m²	140 m² terrace	1 + storage
422	4	2	3	3	313 m²	172 m² terrace	1 + storage
522	5	2	3	3	313 m²	171 m² terrace	1 + storage
123	1	2	3	3	141 m²	216 m² terrace	1 + storage
521	5	2	3	3	313 m²	172 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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Ask anything about Essence Residence Fase 1.

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

14 of 41 apartments remain

Live data refreshed nightly from our multiple independent sources.

2-bedroom Apartments 93–152 m²

From

€820,000

7 available

3-bedroom Apartments 141–313 m²

From

€1,210,000

7 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. Essence Residence 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

€820k

Under construction pricing

Projected key-ready benchmark

€1.05M

Indicative uplift modelled against comparable new-build completions

Roccabox analyst view

Construction has started and completion is guided for Q2 or Q3 2028. That leaves buyers who commit now more than two years to plan finance and furnishing. The land registry still records the plot as land under works, which is consistent with an early build. Roughly two thirds of the phase has sold, leaving 14 homes. On price, buyers should be clear. From €820,000, the development is pitched well above the Cancelada resale median of €3,190 per m², where nearby listings cluster around €300,000. The premium pays for new-build specification, sea views and a full spa and pool complex. Ordinary resale stock nearby does not match these and it averages 230 days to sell.

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

14 of 41 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.

Essence Residence Fase 1 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 €8,817 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 €3,124/m².

Comparable confidence: 70% · Source: live market data, 05/11/2026

Estepona apartments median (€/m²)

€3,124

Essence Residence Fase 1 (€/m² built)

€8,817

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

93–313 m²

Internal area per unit

Specification

What every unit receives

Bedrooms

2–3 en-suite

Bathrooms

2–3

Built area

93–313 m²

Build stage

Under construction

Completion

Q2 or Q3 2028

Warranty

10-yr structural

Energy

Class A (new build)

Cancelada

Living in Estepona

Golf

945 m

Flamingos Golf

Beach

1.3 km

Playa del Saladillo

Airport

44.3 km

Royal Air Force Gibraltar

Restaurant

714 m

Kikos

Café

761 m

Café

Bar

787 m

Santa Maria

Supermarket

631 m

Gardencenter Viveros del Valle

Pharmacy

811 m

Farmacia Cancelada

Hospital

3.6 km

Hospital Hospiten de Estepona

Padel / tennis

1.1 km

Racket Club Villa Paderna

Marina

8.9 km

Puerto Deportivo José Banus

Train station

29.1 km

Cortes de la Frontera

Cancelada sits between Estepona and Marbella and daily life here is measured in minutes. Playa del Saladillo is about 1.3 km away, a three-minute drive, with Playa del Sol Villacana just beyond. Golfers are well placed. Flamingos lies under a kilometre away, Tramores is about 1.2 km off and the El Paraíso clubhouse is around 1.5 km away. The racket club at Villa Padierna, for padel and tennis, is two minutes by car.

The everyday is just as easy. A Lidl, two pharmacies, a café and a cluster of restaurants all sit within roughly 850 metres, so an unplanned supper rarely needs much forethought. For an evening on the water, Puerto Banús is around 18 minutes by road and Estepona's port roughly 23. The private Hospiten hospital in Estepona is seven minutes away, with HC Marbella International within 15.

The climate settles the matter. Ten-year averages put daytime highs at 21.7°C and lows at 15.2°C, mild enough for outdoor living to feel like the default. Málaga airport lies around 55 km east and Gibraltar about 44 km to the west.

From your door

Marbella Old Town

17 min by car

15.6 km direct

Puerto Banús

9 min by car

8.7 km direct

Málaga Airport

59 min by car

54.2 km direct

Mijas Pueblo

43 min by car

39.4 km direct

La Cala de Mijas

39 min by car

36.1 km direct

Estepona

11 min by car

9.8 km direct

Gibraltar

50 min by car

45.5 km direct

Ronda

35 min by car

32.1 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 Essence Residence 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

€82k10%

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

Contract signing

€164k20%

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

On completion

€574k70%

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

Total cost of ownership

Purchase price · drag to model

€820,000

From €820,000€2,185,000

VAT / IVA (10% new build)

€82,000

Stamp duty / AJD (1.2%)

€9,840

Notary + registry (~1%)

€8,200

Legal fees (~1%)

€8,200

All-in

€928,240

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

€2,874/mo

Total repayable

€862,074

Loan-to-value · 70%

50%70%

Term · 25 years

10 yrs30 yrs

Interest rate · 3.50%

2.5%5.5%

Deposit required

€246,000

Loan amount

€574,000

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

€147,600gross uplift

B · Rent long-term (gross/yr)

€22,960

C · Short-term rental (peak gross/yr)

€36,900

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 Essence Residence Fase 1 a good investment compared to the local resale market?

Essence Residence 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 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 Essence Residence 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 Essence Residence 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 Essence Residence Fase 1 from Málaga airport?

Approximately 59 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, Essence Residence 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 14 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

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