Penthouse for sale in Cancelada, Estepona – R5484361

  • €589,000
  • Bedrooms2
  • Bathrooms2
  • Garage1
  • Built area122 m²
Sophisticated South-West Facing Penthouse with Panoramic Mediterranean Views:

Welcome to this beautifully upgraded south-west facing penthouse in Oceana Views, Cancelada, where contemporary design, exceptional outdoor living and breathtaking panoramic views combine to create the perfect Mediterranean retreat.

Positioned in one of the New Golden Mile's most desirable residential communities, this turnkey home enjoys uninterrupted views stretching across the Costa del Sol towards Gibraltar and the North African coastline, creating an ever-changing backdrop from sunrise through to spectacular evening sunsets.

Designed around effortless indoor-outdoor living, the penthouse offers approximately 122 sqm of total private space, comprising of a beautifully designed interior living space of 62 sqm complemented by an exceptional 60 sqm of private terraces and solarium. Every square metre has been carefully considered to maximise light, comfort and the stunning surroundings.
Step inside and you're immediately welcomed by a bright, open-plan living space, where floor-to-ceiling sliding doors flood the apartment with natural light and frame the magnificent views beyond.

At the heart of the home is the brand-new designer kitchen, recently installed and finished in elegant dark wood cabinetry. A striking central island creates the perfect place to cook, entertain or simply enjoy a morning coffee, while premium BORA induction cooking with integrated extractor and fully integrated Siemens appliances provide both style and performance.
The living area flows seamlessly onto the expansive south-west facing terrace, creating a wonderful extension of the home. Whether you're enjoying breakfast in the morning sun, hosting friends for dinner or relaxing with a glass of wine as the sun disappears behind Gibraltar, this is a space designed to be enjoyed throughout the year.

A feature staircase leads to the private rooftop solarium, offering a second outdoor living area that truly sets this penthouse apart. Newly retiled and beautifully presented, it provides complete privacy together with uninterrupted panoramic views across the Mediterranean coastline, Gibraltar and, on clear days, the mountains of North Africa. Whether you choose to create an outdoor lounge, dining area or simply enjoy the sunshine, it's an exceptional space for embracing the Costa del Sol lifestyle.

The accommodation comprises two spacious double bedrooms, both benefiting from contemporary en-suite bathrooms and built-in wardrobes. The principal suite offers a calm and elegant retreat, while the second bedroom provides equally comfortable accommodation for family or guests.

The property also includes a private underground parking space and a secure storage room, ensuring practicality matches the luxurious surroundings.

Resort-Style Living:

Residents of Oceana Views enjoy access to beautifully maintained communal gardens, a stunning swimming pool and a fully equipped gym, creating a relaxed resort-style atmosphere throughout the year.

Despite its peaceful elevated setting, everyday convenience is never far away. The charming village of Cancelada is just a 10-minute walk from the property, where you'll find a wonderful selection of cafés, restaurants, bars, supermarkets and local shops. The beaches of the New Golden Mile are only a short drive away, while Puerto Banús can be reached in approximately 15 minutes, placing world-class dining, designer boutiques and vibrant nightlife within easy reach.

A Home That Also Makes Financial Sense:

Alongside its appeal as a stylish permanent residence or luxurious holiday home, the property also represents an excellent investment opportunity. Short-term holiday rentals are permitted within the community, and the property has already been submitted for consideration for a tourist licence at the next Annual General Meeting, making it an attractive option for buyers seeking both lifestyle and rental potential.
With its brand-new designer kitchen, newly tiled terrace and rooftop solarium, ‌spectacular ‌panoramic ‌sea ‌views ‌and exceptional ‌outdoor ‌living space, ‌this is a rare opportunity ‌to own ‌a ‌contemporary ‌penthouse in one of ‌the ‌New ‌Golden ‌Mile's ‌most ‌sought-after ‌developments.
This property for sale in Cancelada has 2 bedrooms, 2 bathrooms and 122 m², with parking. 589,000 €. Located in Cancelada, on the Costa del Sol (Málaga, Spain), energy rating E. Reference R5484361. Contact EVS PROPERTY GROUP for more information or to arrange a viewing.

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Listed on 12/09/2026

Approximate address

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  • Address: Cancelada, Costa del Sol, Malaga, Spain
  • City: Cancelada, Estepona
  • Province: Málaga

Details and legal information

Updated on October 27, 2026

Decree 218/2005 of the Junta de Andalucía · Consumer information on the sale and rental of homes

  • ReferenceR5484361
  • Price€589,000
  • Area122 m²
  • Bedrooms2
  • Bathrooms2
  • Garage1
  • Year Built2023
  • Property typeFlat, Penthouse

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Gross yield = annual rent ÷ price × 100. The net yield depends on costs, IBI and community fees: use the “Yield / ROI” tab.

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