What Can €500K – €1M Buy on the Costa del Sol?

If your property budget in Spain falls between €500,000 and €1,000,000, you’re in an incredibly exciting segment of the Costa del Sol market. In this episode of Costa Insights, Kian and Sam from Hi Homes take us through the best new build developments within this price range. Whether you’re looking for a key-ready villa near the beach or a luxury penthouse with panoramic sea views, this guide covers all the top options from Málaga to Estepona.

Top New Developments in the €500K – €1M Range

1. Evergreen – El Chaparral, Mijas Costa

• Type: Key-ready semi-detached homes

• Starting Price: €750,000

• Highlights: Golf and beach proximity, quiet location, A7 access

2. Soleia – El Chaparral, Mijas Costa

• Type: Modern houses with large terraces and private pools

• Starting Price: €960,000

• Handover: End of 2027

• Highlights: Elevated views, more privacy than Evergreen

3. Palo Alto – Ojén, Marbella

• Type: Resort-style apartments and penthouses

• Starting Price: €800,000 (2-bed), €950,000 (3-bed)

• Highlights: Luxury amenities, gated community, future farmers market & Michelin-star dining

4. Salvia – San Pedro de Alcántara, Marbella

• Type: Beachside apartments

• Starting Price: €610,000

• Handover: Phase 1 in 2026, Phase 2 in 2027

• Highlights: A+ location, walk to beach & Puerto Banús, ideal for investment

5. Golden Hills – New Golden Mile, Estepona

• Type: Renovated boutique apartments

• Starting Price: €597,000

• Highlights: Low ITP tax (7%), large layouts, private pools in ground floors

6. South Sand – Estepona (Las Mesas)

• Type: Elevated luxury apartments

• Starting Price: €550,000

• Handover: Mid-2026

• Highlights: Walk to marina and old town, sea views, modern design

7. Marine Hills – New Golden Mile, Estepona

• Type: 2 to 4-bed apartments and penthouses

• Starting Price: €450,000 (2-bed), €800,000 (3-bed penthouse)

• Handover: Summer 2026

• Highlights: Padel court, solar-powered community, sea views

8. Nalu Suites – Casares

• Type: High-end sea view residences

• Starting Price: €650,000 to €1.6M

• Handover: Summer 2027

• Highlights: Stunning sea views, premium finishes, fast-developing area

Want a Personalised Property Shortlist?

Finding the right property can be overwhelming—but Hi Homes is here to help. Fill out this quick form and receive a curated selection of properties that match your budget, location preference, and lifestyle needs.

Conclusion

Whether you want a move-in ready townhouse, a resort-style apartment, or a luxury penthouse near the beach, the Costa del Sol has something incredible for every taste between €500K – €1M.