Penthouse for sale in El Paraiso, Estepona, Málaga

A rare opportunity to acquire a flexible penthouse residence in El Paraíso on Marbella’s New Golden Mile, within walking distance of the beach and close to Masala, with convenient access to the A-7.
The property offers 321 m² built, including 140 m² of interior space, plus 161 m² of terraces, for a total size of 482 m². The portal lists 5 bedrooms and 4 bathrooms. The current layout is described as two bedrooms, a substantial separate office and two independent guest suites, each with its own private shower facilities. The office is currently used for storage and could remain an office, studio or workspace, be converted into an additional room, or potentially be incorporated into the main residence, subject to any required approvals.
The spacious front and rear terraces combine to create an exceptional 360° outdoor living environment. Surrounded by mature greenery, they offer excellent privacy and multiple areas for outdoor dining, entertaining and relaxation. There is also potential to create additional lounge, dining or wellness areas. A designer visualisation illustrates the possibility of adding a private portable terrace pool; a portable above-ground pool or Jacuzzi may be considered, subject to applicable requirements.
The two guest suites offer flexible accommodation for visitors, extended family or staff, and may offer potential for independent guest lodging or short-term rental use, subject to applicable requirements and approvals. They could also potentially be incorporated into the main residence to create a larger family home, subject to any necessary approvals.
The property is in El Paraíso, an established residential area on the New Golden Mile. The beach is within walking distance, and Marbella, Puerto Banús and Estepona are all easily accessible, along with golf courses, restaurants, beach clubs and other Costa del Sol amenities. Street parking is available directly outside the property.
The property does not currently hold a tourist-rental licence. Tourist-licensing potential is indicated in the listing details, but any application or rental use would be subject to the applicable legal requirements, approvals and any required community vote. Buyers should verify the current position before relying on short-term rental income.
While certain areas would benefit from refurbishment and modernisation, the property’s scale, privacy, flexible layout, guest accommodation and extensive terraces offer considerable scope to create a distinctive private residence, a multi-generational home or an investment property.
Some images have been professionally staged to illustrate the property’s lifestyle and design potential.
Key details: First-floor penthouse · Completed in 1988 · South-facing · 321 m² built · 140 m² interior · 161 m² terraces · 482 m² total size · 5 bedrooms and 4 bathrooms as listed · No communal swimming pool · Beach within walking distance