Completed · current release

Mala Kai

Bahía Dorada · Estepona · Ref: RDEV2123

Prices from

€725,000

Available

3 of 17

Bedrooms

3en-suite

Delivery

Between December 2025 and Fe…

Type

Apartments

Size from

144 m²

Total homes

17 homes

Phase

Completed

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Licensed agency · est. 2017 AIPP member 500+ active developments

Project lifecycle

Coming soon

Off-plan

With licence

Under construction

You are hereCompleted~16% saving

Roccabox · the editorial

Mala Kai, in context.

Mãla Kai — Hawaiian for sea garden — is a 70-apartment resort scheme on Calle Josefina Samper, at the Bahía Dorada end of Estepona, built for buyers who want a finished coastal home rather than a construction timetable.

The homes are spread across seven low-rise blocks in one, two and three-bedroom formats: ground floors with private gardens, first floors with terraces, top floors with solariums.

Of the seventeen units tracked here, fourteen are sold. The three remaining are three-bedroom, two-bathroom apartments of 144–146 m², priced between €725,000 and €755,000, with handover scheduled between December 2025 and February 2026. The communal offer — an overflow pool with submerged loungers, gym, yoga area and landscaped gardens — is part of the delivered scheme rather than a later phase, which is the substantive difference between this and most stock at the price.

Prepared by the Roccabox New-Developments Desk · Marbella

At a glance

Key facts

01
Three of seventeen tracked units remain; fourteen already sold
02
144–146 m² three-bedroom apartments, €725,000 to €755,000
03
Seventy homes across seven low-rise blocks, one to three bedrooms
04
Handover between December 2025 and February 2026
05
Mercadona at 235 m, mapped beach access at 325 m, Estepona hospital under 1 km

The current release

The 3 remaining apartments

Each one specified individually. Pricing released on enquiry.

+Show full unit listHide unit list 3 units · Unit, block, floor, specs, garage

Unit	Block	Floor	Beds	Baths	Interior	Outside	Garage
B5-2A	5	2	3	2	146 m²	177 m² terrace	2 + storage
B3-2A	3	2	3	2	144 m²	171 m² terrace	2 + storage
B4-2A	4	2	3	2	144 m²	171 m² terrace	2 + storage

Pricing released on enquiry. Reservations require a refundable holding deposit, held under Spanish bank guarantee until completion.

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Live availability

3 of 17 apartments remain

Live data refreshed nightly from our multiple independent sources.

3-bedroom Apartments 144–146 m²

From

€725,000

3 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. Mala Kai currently sits in the Completed band.

Coming soon

~40% off

Off-plan

~32% off

With licence

~27% off

Under construction

~22% off

Completed

YOU ARE HERE

~16% off

Current entry

€725k

Completed pricing

Projected key-ready benchmark

€863k

Indicative uplift modelled against comparable new-build completions

Roccabox analyst view

This is not a pre-launch gamble. Mãla Kai is built, with handover between December 2025 and February 2026, so specification, orientation and communal areas can be inspected rather than imagined. Fourteen of seventeen tracked units have sold, leaving three. At roughly €4,970 to €5,240 per m², they price above the Bahía Dorada resale median of €3,598 but close to the area's €4,813 average asking rate for new stock — the premium buys finished, heat-pump-equipped product in a market where the average listing takes 205 days to sell.

Reserving early

Why buyers reserve at this stage

Personalisation window

Reserving during the Completed 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

3 of 17 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.

Mala Kai 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 €5,035 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

Mala Kai (€/m² built)

€5,035

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

◆

Plot verified

Spanish national land registry

◆

Live market data

Cross-referenced against the most credible Costa del Sol sources

◆

Buyer protections

Staged payments · bank guarantee · 10-yr warranty

144–146 m²

Internal area per unit

Specification

What every unit receives

Bedrooms

3 en-suite

Bathrooms

Built area

144–146 m²

Build stage

Completed

Completion

Between December 2025 and Fe…

Warranty

10-yr structural

Energy

Class A (new build)

Bahía Dorada

Living in Estepona

Golf

1.3 km

Golf Academy Albayt Resort

Beach

325 m

Airport

31.4 km

Royal Air Force Gibraltar

Restaurant

472 m

SushiPanda

Supermarket

235 m

Mercadona

Pharmacy

456 m

Farmacia Estepona

Hospital

928 m

Hospital de Alta Resolución de Estepona

Gym

4.3 km

Basic-Fit

Marina

3.3 km

Puerto Deportivo

Train station

21.7 km

Jimena de la Frontera

This is the western edge of Estepona, where the coastal plain meets the foothills of Sierra Bermeja. Daily logistics sit unusually close: a Mercadona around 235 metres away, an Aldi at 620 metres, a pharmacy at 456 metres and the Hospital de Alta Resolución de Estepona inside a kilometre. Mapped beach access is roughly 325 metres from the site, though the development's own material cites Playa Arroyo Vaquero at 1.6 kilometres — worth walking before you commit.

Golf defines the immediate surroundings: the Albayt academy at 1.3 km, Azata Golf at 1.6 km and Estepona Golf at 2 km. Estepona port is about seven minutes by car and the old town roughly twenty by bus. Average highs of 22.3°C against lows of 15.7°C keep terraces in use for most of the year.

From your door

Marbella Old Town

33 min by car

30.1 km direct

Puerto Banús

25 min by car

23.2 km direct

Málaga Airport

1h 15m by car

68.9 km direct

Mijas Pueblo

59 min by car

54.0 km direct

La Cala de Mijas

54 min by car

49.9 km direct

Estepona

5 min by car

4.9 km direct

Gibraltar

36 min by car

32.6 km direct

Ronda

41 min by car

37.5 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 Mala Kai 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

€73k10%

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

Contract signing

€145k20%

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

On completion

€507k70%

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

Total cost of ownership

Purchase price · drag to model

€725,000

From €725,000€942,500

VAT / IVA (10% new build)

€72,500

Stamp duty / AJD (1.2%)

€8,700

Notary + registry (~1%)

€7,250

Legal fees (~1%)

€7,250

All-in

€820,700

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

€2,541/mo

Total repayable

€762,199

Loan-to-value · 70%

50%70%

Term · 25 years

10 yrs30 yrs

Interest rate · 3.50%

2.5%5.5%

Deposit required

€217,500

Loan amount

€507,500

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

€130,500gross uplift

B · Rent long-term (gross/yr)

€20,300

C · Short-term rental (peak gross/yr)

€32,625

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 Mala Kai a good investment compared to the local resale market?

Mala Kai 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 Mala Kai?

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 Mala Kai 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 Mala Kai from Málaga airport?

Approximately 75 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 Completed stage, Mala Kai 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 3 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

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