Monthly payment
€943/mo
Off-plan · current release
Etherna Homes Phase II
Valle Romano · Estepona · Ref: RDEV2325
Prices from
€269,000
Available
30 of 81
Bedrooms
—en-suite
Delivery
May 2028
Type
Apartments
Size from
65 m²
Total homes
81 homes
Phase
Off-plan
Licensed agency · est. 2017
AIPP member
500+ active developments
Project lifecycle
Coming soon
You are hereOff-plan~32% saving
With licence
Under construction
Completed
Roccabox · the editorial
Etherna Homes Phase II, in context.
Etherna Homes Phase II is a gated apartment scheme in Valle Romano, on the hillside above Estepona, aimed at buyers who want golf-and-sea proximity without the density of the coastal strip. The wider development comprises 144 one-, two- and three-bedroom homes across six low-rise buildings, all south-facing to draw daylight through floor-to-ceiling glazing and open onto private terraces framing the Bay of Estepona and the Valle Romano course.
This second phase runs to 81 units, of which 51 have already sold, leaving 30 available. Homes range from 65 to 138 m², priced between €269,000 and €558,000, with garage and storage included. On-site amenities include a pool, indoor fitness centre and a gourmet lounge, set within landscaped grounds of native planting. Completion is scheduled for May 2028, giving buyers a defined runway on a project already past the halfway mark on sales.
Prepared by the Roccabox New-Developments Desk · Marbella
At a glance
Key facts
01
81 apartments in Phase II, 51 sold — 30 remaining as of listing
02
One to three bedrooms, 65–138 m², priced €269,000 to €558,000
03
Garage and storage included; south-facing with Bay of Estepona and golf views
04
Azata Golf within 700 m; Estepona Golf and clubhouse dining minutes away
05
Completion scheduled for May 2028
The current release
The 30 remaining apartments
Each one specified individually. Pricing released on enquiry.
+Show full unit listHide unit list
| Unit | Block | Floor | Beds | Baths | Interior | Outside | Garage | |
|---|---|---|---|---|---|---|---|---|
| 4A3-P02-B | 4A | P02 | 1 | 1 | 65 m² | 15 m² terrace | 1 + storage | |
| 1B2-P01-C | 1 | P01 | 2 | 2 | 107 m² | — | 1 + storage | |
| 1B2-P01-A | 1 | P01 | 2 | 2 | 107 m² | — | 1 + storage | |
| 6A1-P01-B | 6A | P01 | 1 | 1 | 65 m² | 5 m² terrace | 1 + storage | |
| 6A1-P02-B | 6A | P02 | 1 | 1 | 65 m² | 14 m² terrace | 1 + storage | |
| 1A2-P01-C | 1 | P01 | 2 | 2 | 107 m² | — | 1 + storage | |
| 1A2-P01-A | 1A | P01 | 2 | 2 | 107 m² | 5 m² terrace | 1 + storage | |
| 1B3-P00-B | 1B | P00 | 2 | 2 | 101 m² | 26 m² garden | 1 + storage | |
| 1A2-P00-B | 1A | P00 | 2 | 2 | 103 m² | 23 m² garden | 1 + storage | |
| 6A1-P00-A | 6A | P00 | 1 | 1 | 76 m² | 24 m² garden | 1 + storage | |
| 4B1-P01-A | 4B | P01 | 2 | 2 | 107 m² | 5 m² terrace | 1 + storage | |
| 4A2-P01-C | 4A | P01 | 2 | 2 | 112 m² | 5 m² terrace | 1 + storage | |
| 4A2-P01-A | 4A | P01 | 2 | 2 | 112 m² | 5 m² terrace | 1 + storage | |
| 4B2-P00-B | 4B | P00 | 2 | 2 | 101 m² | 29 m² garden | 1 + storage | |
| 4A1-P02-A | 4A | P02 | 2 | 2 | 107 m² | 16 m² terrace | 1 + storage | |
| 6A2-P02-B | 6 | P02 | 2 | 2 | 91 m² | — | 1 + storage | |
| 4B2-P02-A | 4B | P02 | 2 | 2 | 111 m² | 20 m² terrace | 1 + storage | |
| 4A2-P02-A | 4A | P02 | 2 | 2 | 113 m² | 16 m² terrace | 1 + storage | |
| 6B1-P01-C | 6B | P01 | 2 | 2 | 109 m² | 5 m² terrace | 1 + storage | |
| 1B3-PAT-B | 1B | PAT | 2 | 2 | 98 m² | 49 m² terrace | 1 + storage | |
| 6A1-P01-A | 6A | P01 | 2 | 2 | 107 m² | 5 m² terrace | 1 + storage | |
| 6B1-P02-A | 6B | P02 | 2 | 2 | 107 m² | 16 m² terrace | 1 + storage | |
| 6B2-P02-A | 6B | P02 | 2 | 2 | 111 m² | 20 m² terrace | 1 + storage | |
| 6B2-P02-C | 6B | P02 | 2 | 2 | 113 m² | 16 m² terrace | 1 + storage | |
| 6A1-P02-C | 6A | P02 | 2 | 2 | 110 m² | 16 m² terrace | 1 + storage | |
| 4A2-PAT-A | 4A | PAT | 2 | 2 | 98 m² | 49 m² terrace | 1 + storage | |
| 4B2-PAT-A | 4B | PAT | 2 | 2 | 99 m² | 73 m² terrace | 1 + storage | |
| 4A1-P00-B | 4A | P00 | 2 | 2 | 138 m² | 86 m² garden | 1 + storage | |
| 4A1-P01-C | 4 | P01 | — | — | 133 m² | — | 1 + storage | |
| 4A1-P02-C | 4A | P02 | 3 | 2 | 134 m² | 13 m² terrace | 1 + storage |
Pricing released on enquiry. Reservations require a refundable holding deposit, held under Spanish bank guarantee until completion.
Roccabox AI
Ask anything about Etherna Homes Phase II.
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.
Answers will appear here. Try a starter question above, or type your own.
Live availability
30 of 81 apartments remain
Live data refreshed nightly from our multiple independent sources.
0-bedroom Apartment
133 m²
From
€526,000
1 available
1-bedroom Apartments
65–76 m²
From
€269,000
4 available
2-bedroom Apartments
91–138 m²
From
€321,000
24 available
3-bedroom Apartment
134 m²
From
€558,000
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. Etherna Homes Phase II currently sits in the Off-plan band.
Coming soon
~40% off
Off-plan
YOU ARE HERE
~32% off
With licence
~27% off
Under construction
~22% off
Completed
~16% off
Current entry
€269k
Off-plan pricing
Projected key-ready benchmark
€396k
Indicative uplift modelled against comparable new-build completions
Roccabox analyst view
With 51 of 81 units sold before completion, Phase II has already cleared most of its inventory, and the remaining 30 homes span the full price range. Buying now, ahead of the May 2028 handover, secures choice of orientation and layout. Entry pricing of €269,000 sits close to the Valle Romano median of €2,334/m², but for new-build stock with garage, storage and full amenities included — a distinction the ageing resale market of 734 nearby listings does not match.
Reserving early
Why buyers reserve at this stage
01
Personalisation window
Reserving during the Off-plan 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
30 of 81 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.
Etherna Homes Phase II 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 €4,138 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 €3,382/m².
Comparable confidence: 70% · Source: live market data, 22/07/2026
Estepona apartments median (€/m²)
€3,382
Etherna Homes Phase II (€/m² built)
€4,138
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
65–138 m²
Internal area per unit
Specification
What every unit receives
Built area
65–138 m²
Build stage
Off-plan
Completion
May 2028
Warranty
10-yr structural
Energy
Class A (new build)
Document
Valle Romano
Living in Estepona
Valle Romano sits inland of Estepona, wrapped by golf. Azata Golf is roughly 700 metres away, with Estepona Golf and the Casa del Club restaurant within four minutes' drive. The nearest beaches are around 2.6 km, or five minutes by car, while Puerto Estepona and its marina lie under eight minutes off. Day-to-day needs are close at hand: Aldi and Mercadona within five minutes, the Hospital de Alta Resolución de Estepona at four minutes, and a pharmacy nearby.
The climate supports the outdoor-led design, with average highs of 21.6°C and lows of 15°C. Málaga airport is about 90 minutes by road; Gibraltar is closer at just over an hour. It is a setting for those who value quiet residential surroundings with the town centre and coastline within easy reach.
From your door
Marbella Old Town
32 min by car
29.7 km direct
Puerto Banús
25 min by car
22.8 km direct
Málaga Airport
1h 14m by car
68.2 km direct
Mijas Pueblo
58 min by car
53.5 km direct
La Cala de Mijas
54 min by car
49.9 km direct
Estepona
5 min by car
4.9 km direct
Gibraltar
38 min by car
35.0 km direct
Ronda
38 min by car
34.7 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 Etherna Homes Phase II residences suits your brief, model the numbers in your currency, and arrange a private viewing within the week. Airport transfer arranged where helpful.
EnglishEspañolРусскийFrançaisNederlandsSvenska
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
€27k10%
Refundable holding deposit until contract signing; locks the unit out of the open market.
Contract signing
€54k20%
First instalment to the developer's bonded escrow account, around 4–8 weeks after reservation.
On completion
€188k70%
Balance paid when keys are handed over and the licence of first occupation issued.
Total cost of ownership
VAT / IVA (10% new build)
€26,900
Stamp duty / AJD (1.2%)
€3,228
Notary + registry (~1%)
€2,690
Legal fees (~1%)
€2,690
All-in
€301,818
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
€282,802
50%70%
10 yrs30 yrs
2.5%5.5%
Deposit required
€80,700
Loan amount
€188,300
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
€48,420gross uplift
B · Rent long-term (gross/yr)
€7,532
C · Short-term rental (peak gross/yr)
€12,105
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 Etherna Homes Phase II a good investment compared to the local resale market?
Etherna Homes Phase II 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 Etherna Homes Phase II?
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 Etherna Homes Phase II 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 Etherna Homes Phase II from Málaga airport?
Approximately 74 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 Off-plan stage, Etherna Homes Phase II 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 30 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
Explore more
Developments near Estepona
50 hand-curated Costa del Sol projects worth a look.
Under construction
0 m away
Etherna Homes
From€307k
With licence
504 m away
Tailor-Made Villa Manilva
From€2M
Under construction
565 m away
Villa Eco Sakura
From€1.4M
Under construction
581 m away
Villas Monte Palatino
From€1.59M
Completed
595 m away
Villa Valle Romano
From€2.5M
Under construction
733 m away
Amaris Villas
From€1.62M
Completed
738 m away
Altoasis Phase I
From€470k
Completed
738 m away
Altoasis Phase II
From€470k
Under construction
812 m away
Villa Valle Romano Estepona
From€1.76M
Off-plan
931 m away
Villa Eco White
From€1.1M
Completed
1.0 km away
Habitat Valle Romano Phase II
From€406k
Under construction
1.9 km away
Sunway Residence
From€495k
Under construction
1.9 km away
One 80 Collection
From€710k
Under construction
2.0 km away
Brisas del Mar
From€730k
Under construction
2.0 km away
Swing & Sea Luxury Villas
From€1.31M
Off-plan
2.1 km away
Aby Middle
From€330k
Under construction
2.1 km away
IDYLLIC 1
From€695k
Under construction
2.1 km away
IDYLLIC 2
From€480k
Completed
2.1 km away
Zenity Indigo
From€645k
Under construction
2.2 km away
Zenity Blau I
From€525k
Under construction
2.2 km away
Zenity Cyan
From€1.63M
Completed
2.2 km away
Azure
From€555k
Off-plan
2.2 km away
CostaFiore Gardens Fase 1
From€700k
Under construction
2.3 km away
Zenity Blau II
From€460k
Off-plan
2.4 km away
Eagle Hills
From€320k
Off-plan
2.4 km away
Villa Eco Zero
From€1.19M
Off-plan
2.4 km away
Birdie Hills
From€325k
Completed
2.4 km away
The Sapphire
From€2.65M
Under construction
2.4 km away
Sunny Golf Estepona Fase 3
From€390k
Under construction
2.4 km away
The Place by Alcazaba Lagoon
From€629k
Completed
2.4 km away
Oasis de Estepona Golf
From€680k
Off-plan
2.5 km away
Sunset Bay Estepona Fase 4
From€467k
Under construction
2.6 km away
Natura Estepona
From€550k
With licence
2.6 km away
Celestia Homes
From€290k
Off-plan
2.6 km away
Isea Estepona Fase III
From€423k
Under construction
2.6 km away
Isea Estepona Fase II
From€465k
With licence
2.7 km away
The Palms at Estepona
From€429k
Under construction
2.7 km away
Aurea Villas
From€1.55M
Off-plan
2.7 km away
Beyond Homes
From€1.28M
Off-plan
2.8 km away
Apron Estepona
From€834k
Off-plan
2.9 km away
Attire Estepona
From€601k
Completed
2.9 km away
Mala Kai
From€725k
Under construction
3.4 km away
Las Mesas Collection
From€695k
Off-plan
3.4 km away
LOOA Estepona
From€513k
Under construction
3.5 km away
South Sand
From€795k
Under construction
3.5 km away
Las Mesas Blue Horizon
From€849k
Under construction
3.5 km away
Terrazas de Cortesin - Bon Air
From€585k
Under construction
3.5 km away
Serenity Gardens Estepona
From€405k
Under construction
3.5 km away
Absolute Estepona
From€644k
Off-plan
3.5 km away
Isidora Living Las Mesas
From€519k