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Current release · 30 of 81 apartments available
Etherna Homes Phase II, Valle Romano
Etherna Homes Phase II, Valle Romano
Etherna Homes Phase II, Valle Romano
Etherna Homes Phase II, Valle Romano
Etherna Homes Phase II, Valle Romano
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
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 hillside position in Valle Romano, the golf enclave that climbs behind Estepona and falls away south towards the bay. The scheme runs to one, two and three-bedroom apartments set across six low-rise buildings, sized from 65 m² to 138 m² and priced between €269,000 and €558,000. It will suit the buyer who wants a lock-up-and-leave on the coast with a fairway at the door, sand five minutes down the hill and Estepona old town near enough for a Saturday morning without having to live in the middle of it.

Every apartment faces south and that one decision does most of the work. Floor-to-ceiling glass pulls light through the living space from first thing until the sun drops behind the ridge, with the green of the golf course in the middle distance and the Mediterranean behind it.

Living, dining and kitchen areas run together and open onto the terrace, which is where the year is actually spent. Shared amenities cover a pool, an indoor fitness centre, a gourmet lounge and planted gardens using native species. The complex is gated with a manned security checkpoint.

One honest note on numbers: the developer's material describes 144 homes across the complex, while the figures we hold for Phase II count 81, of which 51 are sold and 30 remain. Completion is scheduled for May 2028. At this rate of take-up, the choice of aspect and floor level will thin well before then.

Prepared by the Roccabox New-Developments Desk · Marbella
At a glance

Key facts

01
One, two and three-bedroom apartments, 65 m² to 138 m², from €269,000 to €558,000
02
All homes south-facing over the Bay of Estepona and Valle Romano golf course
03
51 of 81 Phase II units sold, 30 remaining
04
Pool, indoor fitness centre, gourmet lounge and gated entry with security checkpoint
05
Garage and storeroom included in the price, completion May 2028
The current release

The 30 remaining apartments

Each one specified individually. Pricing released on enquiry.

+Show full unit listHide unit list 30 units · Unit, block, floor, specs, garage
Unit Block Floor Beds Baths Interior Outside Garage
4A3-P02-B 4A P02 1 1 65 m² 15 m² terrace 1 + storage
1B2-P01-A 1 P01 2 2 107 m² 1 + storage
1B2-P01-C 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-A 1A P01 2 2 107 m² 5 m² terrace 1 + storage
1A2-P01-C 1 P01 2 2 107 m² 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
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.
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Ask anything about Etherna Homes Phase II.

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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.

MORE LESS DISCOUNT TODAY · YOU ARE HERE COMING SOONOFFPLANWITH LICENCESTARTEDCOMPLETED ~40% off~32% off~27% off~22% off~16% off
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
Roccabox analyst view

Phase II is under construction with handover set for May 2028, so a reservation now buys time as much as bricks: staged payments across roughly two and a half years and first pick of what is left. Thirty of the 81 units remain, the other 51 committed, which narrows aspect and floor level quickly. On price, be clear-eyed. Valle Romano resale stock trades near €2,387 per m² and sits on the market an average of 183 days. Etherna's pricing works out closer to €4,000 per m². That premium buys current construction standards, a south-facing terrace and an included garage and storeroom, not a discount.

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 €3,422/m².

Comparable confidence: 70% · Source: live market data, 18/09/2026

Estepona apartments median (€/m²)
€3,422
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
Etherna Homes Phase II
Etherna Homes Phase II
Etherna Homes Phase II
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)
Valle Romano

Living in Estepona

Golf
633 m
Azata Golf
Beach
2.6 km
Airport
33.8 km
Royal Air Force Gibraltar
Restaurant
402 m
Casa del Club
Supermarket
2.6 km
Aldi
Pharmacy
2.6 km
Farmacia Estepona
Hospital
2.0 km
Hospital de Alta Resolución de Estepona
Gym
4.5 km
Basic-Fit
Padel / tennis
7.4 km
El Club de Tenis y Pádel Estepona
Marina
4.0 km
Puerto Estepona
Train station
20.8 km
Gaucin

The first tee at Azata Golf is roughly 600 metres from the door and Estepona Golf a little over two kilometres beyond, so a round before lunch requires no more planning than finding your shoes. Casa del Club sits about 400 metres away for whatever follows. The nearest beach is 2.6 km down the hill, five minutes by car, with the naturist strand at Costa Natura just past it. Puerto Estepona and its fish restaurants are eight minutes.

Day to day, the practical things are close. Aldi and Mercadona are both around five minutes, a pharmacy the same and the Hospital de Alta Resolución de Estepona four minutes away. The tennis and padel club is a quarter of an hour east. Gibraltar and its runway lie some 34 km down the coast, Málaga around 69 km in the other direction, which makes this a manageable weekend proposition from northern Europe rather than a summer-only house.

Then there is the weather, which is the quiet reason people buy here. Average highs of 21.6C and lows of 15C across the year mean the terrace stays in use through February and the south orientation holds the light from morning until the hill takes it.

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, Roccabox New Developments Desk
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
€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

€269,000
From €269,000€558,000
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
€304,508
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
€943/mo
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
Shahd Sherif
New-Developments Desk · Marbella
EN · ES · RU · FR · NL · SV
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