Monthly payment
€2,698/mo
Under construction · current release
Essence Residence Fase 2
Cancelada · Estepona · Ref: RDEV2428
Prices from
€770,000
Available
18 of 31
Bedrooms
2–4en-suite
Delivery
Q1 2029
Type
Apartments
Size from
93 m²
Total homes
31 homes
Phase
Under construction
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 2, in context.
Essence Residence Fase 2 is the second phase of a gated apartment community in Cancelada, on the stretch of Estepona coastline now known as the New Golden Mile. It comprises 31 residences ranging from two to four bedrooms and from 93 m² to 357 m² built. The idea is simple. You get the services of a private club around a home you could live in all year, not a holiday flat with a communal pool.
Two design studios collaborated on the scheme and the result is a building planned around how residents spend their days. Mornings can begin in the gym, which has separate cardio and strength areas, followed by a swim in the outdoor pool before the heat builds. When winter brings a cooler week, the heated indoor pool and spa take over.
A dedicated workspace lets the office come along without intruding on the apartment, while a concierge handles the practicalities. Landscaped gardens soften the whole and security runs around the clock behind the gate.
Construction has started and completion is scheduled for the first quarter of 2029. Thirteen of the 31 units have sold, leaving 18 priced between €770,000 and €1,985,000. That is a marked premium to Cancelada's resale market, where the median sits at €3,167 per square metre. Buyers should weigh it honestly. What the price buys is new construction, a complete set of shared facilities and an address 18 minutes from Puerto Banús, secured while there is still real choice across the remaining homes.
Prepared by the Roccabox New-Developments Desk · Marbella
At a glance
Key facts
01
Thirty-one apartments of two to four bedrooms, 93 to 357 m² built
02
Heated indoor pool, outdoor pool, spa and gym in a 24/7 gated community
03
Three golf courses within 1.6 km, Playa del Saladillo around 1.3 km away
04
Construction under way, completion scheduled for Q1 2029
05
18 of 31 units remain, priced from €770,000 to €1,985,000
The current release
The 18 remaining apartments
Each one specified individually. Pricing released on enquiry.
+Show full unit listHide unit list
| Unit | Block | Floor | Beds | Baths | Interior | Outside | Garage | |
|---|---|---|---|---|---|---|---|---|
| 213 | — | — | 2 | 2 | 93 m² | 37 m² terrace | — | |
| 202 | — | — | 2 | 2 | 93 m² | 35 m² terrace · 46 m² garden | — | |
| 212 | — | — | 2 | 2 | 131 m² | 37 m² terrace | — | |
| 401 | — | — | 2 | 2 | 128 m² | 32 m² terrace · 80 m² garden | — | |
| 402 | — | — | 2 | 2 | 131 m² | 367 m² terrace | — | |
| 113 | — | — | 2 | 2 | 130 m² | 34 m² terrace | — | |
| 102 | — | — | 2 | 2 | 94 m² | 353 m² terrace · 54 m² garden | — | |
| 413 | — | — | 2 | 2 | 130 m² | 36 m² terrace | — | |
| 104 | — | — | 3 | 2 | 130 m² | 36 m² terrace | — | |
| 204 | — | — | 3 | 3 | 118 m² | 102 m² terrace · 179 m² garden | — | |
| 305 | — | — | 3 | 3 | 213 m² | 95 m² terrace · 170 m² garden | — | |
| 511 | — | — | 3 | 2 | 261 m² | 139 m² terrace | — | |
| 301 | — | — | 4 | 2 | 236 m² | 92 m² terrace · 171 m² garden | — | |
| 421 | — | — | 3 | 2 | 322 m² | 200 m² terrace | — | |
| 222 | — | — | 3 | 4 | 141 m² | 172 m² terrace | — | |
| 321 | — | — | 3 | 4 | 141 m² | 216 m² terrace | — | |
| 521 | — | — | 3 | 2 | 312 m² | 172 m² terrace | — | |
| 123 | — | — | 3 | 3 | 357 m² | 216 m² terrace | — |
Pricing released on enquiry. Reservations require a refundable holding deposit, held under Spanish bank guarantee until completion.
Roccabox AI
Ask anything about Essence Residence Fase 2.
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
18 of 31 apartments remain
Live data refreshed nightly from our multiple independent sources.
2-bedroom Apartments
93–131 m²
From
€770,000
8 available
3-bedroom Apartments
118–357 m²
From
€940,000
9 available
4-bedroom Apartment
236 m²
From
€1,370,000
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. Essence Residence 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
€770k
Under construction pricing
Projected key-ready benchmark
€987k
Indicative uplift modelled against comparable new-build completions
Roccabox analyst view
This is a construction-stage purchase with a defined horizon. Work has started and handover is scheduled for Q1 2029. Thirteen of the 31 units are already sold, so the 18 that remain still offer a genuine choice of size, from two bedrooms to four.
Buyers should be clear about the pricing. Entry at €770,000 sits well above Cancelada's resale median of €3,167 per square metre. Nearby two-bedroom resales list at around €300,000. The case here is not a discount. It is new construction with a heated indoor pool, spa, concierge and 24/7 gated security, secured now before the phase sells through.
Reserving early
Why buyers reserve at this stage
01
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.
02
Scarcity and specification
18 of 31 units remain. The plot sizes, orientation and amenity package on this scheme are not easily replicated in the immediate resale stock.
03
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 2 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 €8,280 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 2 (€/m² built)
€8,280
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
93–357 m²
Internal area per unit
Specification
What every unit receives
Bedrooms
2–4 en-suite
Bathrooms
2–4
Built area
93–357 m²
Build stage
Under construction
Completion
Q1 2029
Warranty
10-yr structural
Energy
Class A (new build)
Cancelada
Living in Estepona
Cancelada works as well on an ordinary Tuesday as it does in August. Lidl and two pharmacies lie within about 800 metres. Dinner can be a stroll rather than a drive, with Kikos, Casa Giovanni and Rincón del Marqués all inside that radius.
Golf defines this corner of the coast. Flamingos Golf is under a kilometre away, Tramores Golf around 1.2 km and the El Paraíso clubhouse about 1.6 km, so an early round needs almost no planning. Racket Club Villa Paderna, 1.1 km off, covers tennis and padel. The sea is just as close. Playa del Saladillo is roughly three minutes by car, with Playa del Sol Villacana a little further along.
Puerto Banús is about 18 minutes east for the marina and a livelier evening, while Estepona's own port sits some 23 minutes in the other direction. Hospiten de Estepona is seven minutes away and Málaga Airport around 55 km. Ten-year averages put daytime highs at 21.7°C and night-time lows at 15.2°C. That mild rhythm makes this a coast for twelve months of the year.
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 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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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
€77k10%
Refundable holding deposit until contract signing; locks the unit out of the open market.
Contract signing
€154k20%
First instalment to the developer's bonded escrow account, around 4–8 weeks after reservation.
On completion
€539k70%
Balance paid when keys are handed over and the licence of first occupation issued.
Total cost of ownership
VAT / IVA (10% new build)
€77,000
Stamp duty / AJD (1.2%)
€9,240
Notary + registry (~1%)
€7,700
Legal fees (~1%)
€7,700
All-in
€871,640
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.
Total repayable
€809,508
50%70%
10 yrs30 yrs
2.5%5.5%
Deposit required
€231,000
Loan amount
€539,000
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
€138,600gross uplift
B · Rent long-term (gross/yr)
€21,560
C · Short-term rental (peak gross/yr)
€34,650
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 2 a good investment compared to the local resale market?
Essence Residence 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 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 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 Essence Residence 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 Essence Residence Fase 2 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 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 18 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
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