Nestled on one of the most picturesque and coveted streets within Estepona's fabled Old Town, often referred to as the 'Garden of the Costa del Sol,' lies a truly exceptional property. This meticulously presented two-bedroom, two-bathroom townhouse offers an unparalleled fusion of authentic Andalusian charm, spacious living, and a location that epitomizes the quintessential Southern Spanish lifestyle. Representing an astute acquisition for the discerning investor, this residence is offered under a unique 'Usufruct' arrangement, presenting a rare entry point into Estepona's thriving real estate market.
This remarkable property is available for sale under a 'Usufruct' agreement, a sophisticated legal framework common in Spanish property law. This means you acquire the 'Nuda Propiedad' (bare ownership) of the home, while the 'Usufructuary' – a 72-year-old female – retains the right to use and enjoy the property for the remainder of her lifetime. This arrangement is not merely a transaction; it is a calculated investment strategy.
With an accurate independent property valuation standing at an impressive Euro 570,000, this townhouse is being offered at a significantly reduced sales price of Euro 427,500. This represents an immediate and substantial 25% discount on its market value, providing an exceptional opportunity for capital appreciation over time. Investors gain full ownership rights upon the passing of the usufructuary, at which point the property can be fully utilized as a permanent residence, a high-yield holiday rental, or sold at its full market potential, having benefited from Estepona's consistent property value growth. This structure allows for a future-oriented investment, securing a prime asset in a highly desirable location at a considerable initial saving.
Estepona, a vibrant and increasingly popular town on Spain's sun-drenched Costa del Sol, is celebrated for its authentic charm, beautifully preserved Old Town, and a coastline adorned with pristine beaches. This property's location places you at the very heart of this magic. Southern Spain is renowned globally for its temperate climate, rich cultural heritage, and exceptional quality of life, and Estepona embodies all these attributes magnificently.
The Old Town, a labyrinth of white-washed houses, flower-filled streets, and quaint squares, has undergone a stunning transformation in recent years, becoming a pedestrian paradise. Every corner reveals a new visual delight, with vibrant geraniums adorning balconies and fragrant orange trees lining the cobbled pathways. Living here means immersing yourself in traditional Spanish life while enjoying modern amenities and a sophisticated culinary scene. This prime position ensures you are perfectly placed to experience everything Estepona has to offer, from quiet morning strolls to lively evening tapas.
Beyond its inherent charm, the townhouse boasts an enviable strategic position. Just a leisurely 250 metres from Estepona's sun-kissed beaches, you are mere moments away from the soothing sounds of the Mediterranean Sea, where you can indulge in year-round sunbathing, watersports, or simply enjoy a relaxing promenade along the newly extended coastal pathway, the Senda Litoral. The proximity to the beach also promises breathtaking sunsets and invigorating sea breezes.
Equally close, at just 250 metres, lies the bustling Plaza de las Flores, the vibrant heart of the Old Town. This iconic square is a social hub, alive with outdoor cafes, exquisite restaurants, and charming boutiques. It's the perfect spot for morning coffee, an evening aperitif, or simply watching the world go by. This dual proximity ensures residents enjoy both serene seaside tranquility and the dynamic pulse of urban life, making it a highly desirable address for those seeking convenience and an enriched lifestyle in Southern Spain.
Step inside this beautifully presented residence, and you are immediately greeted by an inviting atmosphere filled with an abundance of natural light, permeating every corner and enhancing the feeling of spaciousness. The interior design harmoniously blends traditional Andalusian elements with contemporary comforts, creating an elegant and comfortable living environment. The layout is thoughtfully designed, offering both communal areas for entertaining and private retreats for relaxation.
The main floor features a generously sized lounge, providing a welcoming space for unwinding or hosting guests. Adjacent to this, a large dining room serves as the ideal setting for memorable meals and social gatherings. The clever integration of two internal covered patios further elevates the home's appeal. These private, serene outdoor spaces act as verdant extensions of the living areas, offering tranquil spots for al fresco dining, quiet contemplation, or simply enjoying the mild climate in complete privacy, echoing the timeless architectural traditions of Andalusia.
Ascending to the upper level reveals one of the property's most compelling features: a generous roof terrace. This expansive outdoor haven is equipped with a charming pergola, offering shaded relief during the warmest hours and creating an idyllic setting for outdoor dining, entertaining, or simply relaxing with a book. From this elevated vantage point, one can anticipate enjoying partial views of the charming Old Town rooftops and potentially glimpses of the sea or surrounding hills, truly capturing the essence of Mediterranean living.
The roof terrace provides an ideal space for sunbathing under the glorious Costa del Sol sun or for evening cocktails as the town lights up. Additionally, a practical storage room on this level ensures that outdoor furniture, cushions, and other essentials can be neatly tucked away, maintaining the pristine appearance of your private oasis. This outdoor extension transforms the townhouse into a year-round retreat, perfectly suited for enjoying Estepona’s famed mild climate and leisurely lifestyle.
This charming townhouse represents a truly special and distinct offering in Estepona's highly competitive property market. Its unparalleled location, combined with its well-maintained presentation and the unique usufruct investment model, makes it an ideal acquisition for a variety of discerning buyers. Whether envisioned as a future permanent residence, providing a serene escape in one of Southern Spain's most sought-after towns; a delightful holiday home, offering a base for unforgettable Costa del Sol adventures; or an astute long-term investment poised for significant appreciation, this property promises enduring value and exceptional quality of life. Seize this rare opportunity to own a piece of Estepona's historic beauty, securing a stylish home in a location that continues to enchant and attract global interest.
