Spacious 5-Bed Penthouse with 360° Terraces in El Paraíso
€449,900
€1,402/m²
- 5
- Bedrooms
- 4
- Bathrooms
- 321 m²
- Interior
- Penthouse
- Type
- 31 Aug 2026
- Listed
The Habio take
This expansive 5-bedroom penthouse offers rare 360° wraparound terraces in the highly desirable El Paraíso area of Marbella's New Golden Mile. With walking access to the beach and proximity to key amenities, it is ideal for a variety of lifestyles, including family living and investment opportunities.
- beach
- family
- investment
- luxury
- pool
- garden
Highlights
- 5 bedrooms with guest suites
- Exceptional 360° wraparound terraces
- Walking distance to the beach
- Tourist licences obtainable
- Substantial renovation potential
- Flexible layout for personalisation
Worth knowing
- No community swimming pool available
- Some areas may require refurbishment
Good fit for: Ideal for buyers seeking a spacious family home or an investment property with rental potential.
Lifestyle scores
- Beach
- 80
- Walkable
- 65
- Remote work
- 60
- Family
- 80
- Retirement
- 70
- Airport access
- 70
- Investment
- 75
- Luxury
- 75
- Value
- 70
About this place
Discover a unique opportunity to own a versatile 5-bedroom penthouse located in El Paraíso, part of Marbella's sought-after New Golden Mile. This property features an exceptional layout, including a generous 360° wraparound terrace, which provides ample outdoor space for dining, entertaining, and relaxation under the warm Andalusian sun.
Currently configured with 2 bedrooms, 2 bathrooms, and 2 independent guest suites, this penthouse allows for various uses, such as a spacious family home or an income-generating investment, thanks to obtainable tourist licences. The large separate office, which could also serve as a third bedroom, adds further flexibility to the living space.
The expansive outdoor areas are designed for enjoyment and privacy, offering multiple potential setup options, including the installation of a portable swimming pool or Jacuzzi, subject to any necessary approvals. Surrounded by established residential communities and in close proximity to beaches, restaurants, and golf courses, this property exemplifies the Costa del Sol lifestyle.
While some areas may benefit from refurbishment, this aspect only enhances the potential value of the penthouse. Few properties offer such an expansive outdoor living space combined with independent guest accommodation and excellent privacy within walking distance of the beach.
What this place offers
- wraparound terrace
- sea view
- guest suites
- air conditioning
- heating
- private terrace
- parking
Where you’ll be
Marbella, Andalusia, Spain
Exact location is confirmed by the agent on enquiry.
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
Spain ended its Golden Visa property route in April 2025.
Non-resident mortgages are widely available, typically 60–70% LTV.
Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.
Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
