Off-plan · current release

Etherna Homes Phase II

Valle Romano · Estepona

Prices from

€259,000

Available

30 of 76

Bedrooms

1–3en-suite

Delivery

May 2028

Type

Apartments

Size from

65 m²

Total homes

76 homes

Phase

Off-plan

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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 144-apartment, off-plan residential development set across six low-rise buildings in Valle Romano, Estepona — a south-facing hillside address that frames both the Bay of Estepona and the adjacent golf course. One-, two- and three-bedroom residences range from 65 m² to 138 m², with floor-to-ceiling glazing and open-plan living areas conceived to bring those views into daily life rather than hold them at a distance.

Of the 76 apartments in this second phase, 46 have already sold, leaving 30 available ahead of the May 2028 completion. The communal offer — gated entry with security checkpoint, swimming pool, indoor fitness centre, gourmet lounge, and landscaped gardens planted with native species — is included within the development rather than added as a premium. Garage and storage are priced into every unit. The trajectory established by Phase I, combined with the pace of sales here, suggests the remaining inventory will not be patient.

Prepared by the Roccabox New-Developments Desk · Marbella

At a glance

Key facts

01
76-apartment second phase; 46 already sold, 30 units remaining
02
One- to three-bedroom apartments from 65 m² to 138 m², priced from €259,000
03
South-facing across six low-rise buildings with Bay of Estepona and golf-course views
04
Gated and guarded complex with pool, indoor gym, gourmet lounge, and native gardens
05
Scheduled completion May 2028; garage and storage included in purchase price

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-P01-B	4A	P01	1	1	65 m²	5 m² terrace	1 + storage
4A3-P02-B	4A	P02	1	1	65 m²	15 m² terrace	1 + storage
4A3-P00-B	4A	P00	1	1	76 m²	25 m² garden	1 + storage
1A3-P01-A	1A	P01	2	2	109 m²	5 m² terrace	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
4B2-P01-B	4B	P01	2	2	91 m²	6 m² terrace	1 + storage
1A2-P00-B	1A	P00	2	2	103 m²	23 m² garden	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
4A1-P01-A	4A	P01	2	2	107 m²	5 m² terrace	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
4A1-P02-A	4A	P02	2	2	107 m²	16 m² terrace	1 + storage
4B2-P00-B	4B	P00	2	2	101 m²	29 m² garden	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
6B2-P02-A	6B	P02	2	2	111 m²	20 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
6A1-P02-C	6A	P02	2	2	110 m²	16 m² terrace	1 + storage
6B2-P02-C	6B	P02	2	2	113 m²	16 m² terrace	1 + storage
1A1-P02-C	1A	P02	3	2	130 m²	31 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-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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Live availability

30 of 76 apartments remain

Live data refreshed nightly from our multiple independent sources.

1-bedroom apartments 65–76 m²

From

€259,000

6 available

2-bedroom apartments 91–138 m²

From

€317,000

22 available

3-bedroom apartments 130–134 m²

From

€484,000

2 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

€259k

Off-plan pricing

Projected key-ready benchmark

€381k

Indicative uplift modelled against comparable new-build completions

Roccabox analyst view

With 46 of 76 Phase II units already reserved, the remaining 30 apartments represent the tail end of a development that has demonstrably found its market. Entry from €259,000 compares favourably against the Valle Romano resale median of approximately €2,355 per m² tracked by market data — new-build specification, south orientation, and a May 2028 delivery date at comparable or lower per-square-metre cost than existing stock makes the off-plan case here unusually straightforward. Scarcity, not speculation, is the relevant pressure.

Reserving early

Why buyers reserve at this stage

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.

Scarcity and specification

30 of 76 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.

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 €3,985 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 €3,364/m².

Comparable confidence: 70% · Source: live market data, 15/05/2026

Estepona apartments median (€/m²)

€3,364

Etherna Homes Phase II (€/m² built)

€3,985

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

Bedrooms

1–3 en-suite

Bathrooms

1–2

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

Valle Romano occupies a calm residential pocket on Estepona's western edge — close enough to the town centre for daily errands, far enough to feel removed from it. Estepona itself has matured into one of the Costa del Sol's more considered destinations: a well-maintained old town, a recently extended seafront promenade, and a growing restaurant and cultural offer that draws a year-round rather than purely seasonal population.

The Valle Romano golf course runs directly alongside the development, while the broader motorway network places Marbella within roughly twenty minutes and Málaga Airport within an hour. International schools and private healthcare are cited within the immediate catchment — practical considerations that matter as much to full-time residents as to those buying for extended seasonal use.

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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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

€26k10%

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

Contract signing

€52k20%

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

On completion

€181k70%

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

Total cost of ownership

Purchase price · drag to model

€259,000

From €259,000€558,000

VAT / IVA (10% new build)

€25,900

Stamp duty / AJD (1.2%)

€3,108

Notary + registry (~1%)

€2,590

Legal fees (~1%)

€2,590

All-in

€290,598

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

€908/mo

Total repayable

€272,289

Loan-to-value · 70%

50%70%

Term · 25 years

10 yrs30 yrs

Interest rate · 3.50%

2.5%5.5%

Deposit required

€77,700

Loan amount

€181,300

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

€46,620gross uplift

B · Rent long-term (gross/yr)

€7,252

C · Short-term rental (peak gross/yr)

€11,655

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

Call the team · +34 951 12 04 67 WhatsApp the team Ask the assistant