Monthly payment
€1,125/mo
Off-plan · current release
Etherna Homes Phase II
Valle Romano · Estepona · Ref: RDEV2325
Prices from
€321,000
Available
27 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 occupies a south-facing slope in Valle Romano, the golf-side quarter of Estepona where the land tilts towards the sea. Six low-rise buildings step down the hillside rather than sit across it, which is the reason the Bay of Estepona and the fairways below stay in view from nearly every terrace. Homes run from 65 m² to 138 m², one to three bedrooms, priced between €321,000 and €558,000 with garage and storage room included rather than sold on top.
The orientation does most of the work. Floor-to-ceiling glass draws light through open-plan living, dining and kitchen areas from first sun to late afternoon and the living rooms are planned to open straight onto the terrace so the two spaces read as one.
Residents share an outdoor pool, an indoor fitness centre and a gourmet lounge, set among landscaped gardens planted with native Andalusian species.
Of the 81 apartments released in this phase, 54 have sold and 27 remain. Completion is scheduled for May 2028, so buyers today choose their floor, aspect and finishes rather than inherit someone else's. The wider Etherna scheme extends to 144 homes across its phases and the units with the cleanest bay views are, predictably, the first to go. What is left is a narrowing shortlist.
Prepared by the Roccabox New-Developments Desk · Marbella
At a glance
Key facts
01
One to three bedrooms, 65 m² to 138 m², priced €321,000 to €558,000
02
27 of 81 apartments remain in Phase II; 54 already sold
03
Six low-rise buildings, south-facing, over the Bay of Estepona and Valle Romano golf
04
Pool, indoor fitness centre and gourmet lounge inside a gated, staffed entrance
05
Garage and storage included; completion scheduled for May 2028
The current release
The 27 remaining apartments
Each one specified individually. Pricing released on enquiry.
+Show full unit listHide unit list
| Unit | Block | Floor | Beds | Baths | Interior | Outside | Garage | |
|---|---|---|---|---|---|---|---|---|
| 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 | |
| 4B2-P01-B | 4B | P01 | 2 | 2 | 91 m² | 6 m² terrace | 1 + storage | |
| 4B2-P02-B | 4B | P02 | 2 | 2 | 91 m² | 20 m² terrace | 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 | |
| 4B2-P02-A | 4B | P02 | 2 | 2 | 111 m² | 20 m² terrace | 1 + storage | |
| 1A2-PAT-A | 1A | PAT | 2 | 2 | 87 m² | 43 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 | |
| 6A1-P01-A | 6A | P01 | 2 | 2 | 107 m² | 5 m² terrace | 1 + storage | |
| 6B2-P02-A | 6B | P02 | 2 | 2 | 111 m² | 20 m² terrace | 1 + storage | |
| 6B1-P02-A | 6B | P02 | 2 | 2 | 107 m² | 16 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.
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Live availability
27 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
€322,000
3 available
2-bedroom Apartments
87–138 m²
From
€321,000
22 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
€321k
Off-plan pricing
Projected key-ready benchmark
€472k
Indicative uplift modelled against comparable new-build completions
Roccabox analyst view
Phase II is already two-thirds committed, with 27 apartments left of 81 and delivery set for May 2028. Buying now fixes today's price against a home handed over more than two years out, with payments staged through construction rather than due in full. Resale stock in Valle Romano currently averages around €2,265 per m² and sits on the market for roughly 187 days, so the new-build premium here is real and should be judged on what it buys: south aspect, bay and golf views, garage and storage included, a gated entrance and a 2028 build standard. The best-positioned units, unsurprisingly, have gone first.
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
27 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 €4,938 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 €3,429/m².
Comparable confidence: 70% · Source: live market data, 08/10/2026
Estepona apartments median (€/m²)
€3,429
Etherna Homes Phase II (€/m² built)
€4,938
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
Life here begins within walking distance of a first tee. Azata Golf lies roughly 630 metres away, Estepona Golf about 2.2 km and the clubhouse restaurant at Casa del Club is barely 400 metres from the door, which makes lunch after nine holes a matter of minutes rather than a plan. The nearest beaches are around 2.6 km down the hill, a five-minute drive and Puerto Estepona with its fishing quay, seafood terraces and berths sits about 4 km on.
Day-to-day logistics are unfussy. Aldi and Mercadona are both within roughly 2.6 km, a pharmacy the same distance and the Hospital de Alta Resolución de Estepona is a four-minute drive at 2 km. There is a tennis and padel club about 7.4 km east and commercial gyms within 5 km for anyone who wants more than the residents' fitness room. Gibraltar airport is around 34 km away, Málaga roughly 69 km via the coast road.
The climate justifies the terrace: average highs of 21.6°C and lows near 15°C across the year mean outdoor dining is a habit, not an occasion.
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.
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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
€32k10%
Refundable holding deposit until contract signing; locks the unit out of the open market.
Contract signing
€64k20%
First instalment to the developer's bonded escrow account, around 4–8 weeks after reservation.
On completion
€225k70%
Balance paid when keys are handed over and the licence of first occupation issued.
Total cost of ownership
VAT / IVA (10% new build)
€32,100
Stamp duty / AJD (1.2%)
€3,852
Notary + registry (~1%)
€3,210
Legal fees (~1%)
€3,210
All-in
€363,372
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
€337,470
50%70%
10 yrs30 yrs
2.5%5.5%
Deposit required
€96,300
Loan amount
€224,700
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
€57,780gross uplift
B · Rent long-term (gross/yr)
€8,988
C · Short-term rental (peak gross/yr)
€14,445
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 27 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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