Monthly payment
€1,437/mo
Under construction · current release
Blue Wave
Manilva · Manilva · Ref: RDEV2186
Prices from
€410,000
Available
26 of 66
Bedrooms
3en-suite
Delivery
Q4 2027
Type
Townhouses
Size from
110 m²
Total homes
66 homes
Phase
Under construction
Licensed agency · est. 2017
AIPP member
500+ active developments
Project lifecycle
Coming soon
Off-plan
With licence
You are hereUnder construction~22% saving
Completed
Roccabox · the editorial
Blue Wave, in context.
Blue Wave is a hillside development of 66 three-bedroom townhouses in Manilva, on the western Costa del Sol, a short drive from the golf courses and marina of Sotogrande. It suits buyers who want a well-built coastal home with real outdoor space rather than a showpiece villa. The market has noticed: 40 of the 66 homes have already sold. Construction is under way, with completion scheduled for Q1 2028.
The terraces are the reason to look closely. Because the houses sit on rising ground, they look out over the Mediterranean. One listing cites terraces of up to 159 m², which is generous at this price. Every home in Block 1 has a private garden and the corner units and those in Block 5 add a private pool.
Inside, the kitchen opens onto the living and dining room and large windows draw the eye out to the view. Residents share an infinity pool, a clubhouse with spa, a gym and landscaped gardens.
The specification matters just as much, even if it is less visible. The scheme carries an A energy rating for both primary energy consumption and CO₂ emissions. It also holds green certification and a full life-cycle analysis, with measures aimed at responsible water use. Over years of ownership, that should keep running costs down.
Prices run from €410,000 to €608,000 for 110 to 133 m² built.
Prepared by the Roccabox New-Developments Desk · Marbella
At a glance
Key facts
01
66 three-bedroom townhouses, 40 already sold
02
Private pools on corner and Block 5 homes, gardens throughout Block 1
03
Infinity pool, clubhouse with spa and residents' gym
04
A energy rating for both consumption and CO₂ emissions
05
Under construction, completion Q1 2028, from €410,000
The current release
The 26 remaining townhouses
Each one specified individually. Pricing released on enquiry.
+Show full unit listHide unit list
| Unit | Block | Floor | Beds | Baths | Interior | Outside | Garage | |
|---|---|---|---|---|---|---|---|---|
| 50 | 4 | — | 3 | 2 | 125 m² | 28 m² terrace | 1 | |
| 36 | 3 | — | 3 | 2 | 126 m² | 12 m² terrace | 1 | |
| 25 | 2 | — | 3 | 2 | 124 m² | 28 m² terrace | 1 | |
| 24 | 2 | — | 3 | 2 | 124 m² | 28 m² terrace | 1 | |
| 55 | 4 | — | 3 | 2 | 131 m² | 79 m² terrace | 1 | |
| 3 | 1 | — | 3 | 2 | 111 m² | 37 m² terrace | 1 | |
| 7 | 1 | — | 3 | 2 | 111 m² | 37 m² terrace | 1 | |
| 2 | 1 | — | 3 | 2 | 111 m² | 37 m² terrace | 1 | |
| 6 | 1 | — | 3 | 2 | 111 m² | 37 m² terrace | 1 | |
| 41 | 3 | — | 3 | 2 | 123 m² | 28 m² terrace | 1 | |
| 43 | 3 | — | 3 | 2 | 120 m² | 30 m² terrace | 1 | |
| 42 | 3 | — | 3 | 2 | 126 m² | 28 m² terrace | 1 | |
| 63 | 5 | — | 3 | 2 | 120 m² | 50 m² terrace | 1 | |
| 65 | 5 | — | 3 | 2 | 120 m² | 45 m² terrace | 1 | |
| 62 | 5 | — | 3 | 2 | 120 m² | 50 m² terrace | 1 | |
| 64 | 5 | — | 3 | 2 | 120 m² | 50 m² terrace | 1 | |
| 61 | 5 | — | 3 | 2 | 120 m² | 50 m² terrace | 1 | |
| 60 | 5 | — | 3 | 2 | 120 m² | 61 m² terrace | 1 | |
| 10 | 2 | — | 3 | 2 | 132 m² | 129 m² terrace | 1 | |
| 66 | 5 | — | 3 | 2 | 126 m² | 101 m² terrace | 1 | |
| 58 | 4 | — | 3 | 2 | 110 m² | 160 m² terrace | 1 | |
| 59 | 5 | — | 3 | 2 | 125 m² | 48 m² terrace | 1 | |
| 45 | 4 | — | 3 | 2 | 130 m² | 135 m² terrace | 1 | |
| 1 | 1 | — | 3 | 2 | 111 m² | 123 m² terrace | 1 | |
| 9 | 1 | — | 3 | 2 | 117 m² | 86 m² terrace | 1 | |
| 28 | 3 | — | 3 | 2 | 133 m² | 152 m² terrace | 1 |
Pricing released on enquiry. Reservations require a refundable holding deposit, held under Spanish bank guarantee until completion.
Roccabox AI
Ask anything about Blue Wave.
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
26 of 66 townhouses remain
Live data refreshed nightly from our multiple independent sources.
3-bedroom Townhouses
110–133 m²
From
€410,000
26 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. Blue Wave currently sits in the Under construction band.
Coming soon
~40% off
Off-plan
~32% off
With licence
~27% off
Under construction
YOU ARE HERE
~22% off
Completed
~16% off
Current entry
€410k
Under construction pricing
Projected key-ready benchmark
€526k
Indicative uplift modelled against comparable new-build completions
Roccabox analyst view
With 40 of 66 homes sold and construction under way, the choice at Blue Wave is narrowing. Only 26 remain and few include a private pool or garden, so ask us which ones do. Buying now secures a new home completing in Q1 2028. The price case rests on the product rather than a discount. At roughly €3,700 to €4,600 per m² built, Blue Wave sits well above the Manilva median of €2,272 and nearby three-bedroom resales list from €325,000. The premium buys an A-rated new build, sea-view terraces and shared facilities that older stock rarely offers. Local values have also edged up, from €2,240 to €2,272 per m² over the past year.
Reserving early
Why buyers reserve at this stage
01
Personalisation window
Reserving during the Under construction 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
26 of 66 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.
Blue Wave is not priced against average Manilva 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 €3,727 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 €2,273/m².
Comparable confidence: 70% · Source: live market data, 28/10/2026
Manilva townhouses median (€/m²)
€2,273
Blue Wave (€/m² built)
€3,727
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
110–133 m²
Internal area per unit
Specification
What every unit receives
Bedrooms
3 en-suite
Bathrooms
2
Built area
110–133 m²
Build stage
Under construction
Completion
Q4 2027
Warranty
10-yr structural
Energy
Class A (new build)
Document
Manilva
Living in Manilva
Mornings here begin close to the water. The nearest beaches are about a kilometre away, a two-minute drive and there is a restaurant barely 500 metres from the gate for evenings when cooking can wait. The climate is mild all year. The ten-year average high is 20.4°C and the average low is 14.9°C, so the terraces earn their keep in January as well as August.
Two marinas shape the rhythm of the week. Puerto de Sotogrande is eight minutes by car and Puerto Deportivo de la Duquesa is nine, both good bases for sailing, paddle surfing and kayaking. Golf is just as close. Real Club de Golf de Sotogrande is 11 minutes away and Club de Golf La Cañada and La Reserva Golf Club are both within 14. For a long lunch on the sand, Trocadero Beach Club is an 11-minute drive.
Everyday needs are well covered. Supermarkets and gyms are seven to eight minutes away and the pharmacy in Torreguadiaro is five. The Hospital de Alta Resolución de Estepona is 23 minutes by car. Gibraltar's airport is roughly 20 km away and Málaga's about 79 km.
From your door
Marbella Old Town
43 min by car
39.5 km direct
Puerto Banús
36 min by car
32.7 km direct
Málaga Airport
1h 25m by car
78.3 km direct
Mijas Pueblo
1h 9m by car
63.2 km direct
La Cala de Mijas
1h 3m by car
57.9 km direct
Estepona
17 min by car
15.4 km direct
Gibraltar
24 min by car
21.8 km direct
Ronda
52 min by car
47.5 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 Blue Wave 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
€41k10%
Refundable holding deposit until contract signing; locks the unit out of the open market.
Contract signing
€82k20%
First instalment to the developer's bonded escrow account, around 4–8 weeks after reservation.
On completion
€287k70%
Balance paid when keys are handed over and the licence of first occupation issued.
Total cost of ownership
VAT / IVA (10% new build)
€41,000
Stamp duty / AJD (1.2%)
€4,920
Notary + registry (~1%)
€4,100
Legal fees (~1%)
€4,100
All-in
€464,120
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
€431,037
50%70%
10 yrs30 yrs
2.5%5.5%
Deposit required
€123,000
Loan amount
€287,000
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
€73,800gross uplift
B · Rent long-term (gross/yr)
€11,480
C · Short-term rental (peak gross/yr)
€18,450
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 Blue Wave a good investment compared to the local resale market?
Blue Wave is positioned as a premium new-build product with developer warranty, modern specification and limited supply. Comparable to the broader resale stock in Manilva 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 Blue Wave?
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 Blue Wave 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 Blue Wave from Málaga airport?
Approximately 85 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 Under construction stage, Blue Wave 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 26 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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